Cosmos (ATOM) Ascending Triangle | Next Target At 60%+Cosmos (ATOMBTC) continues to grow since our last analysis on the 12-Sept.
After seeing the strong breakout, we knew additional bullish action would follow... Take a look at it here:
Now, what happens next?
Right now we are looking at the classic "ascending triangle" which is a bullish pattern.
In this setup, the bullish signals are just too many to mention. We are seeing a bullish cross of EMA10 and EMA100. As well as a bullish cross on the MACD.
The RSI is super strong and volume is now starting to come in in favor of the bulls.
Today is Monday and we are seeing many altcoins move above resistance as well as Bitcoin going green... A good start for the week... Make sure to hit like and follow me.
Namaste.
ATOMBTC
ATOMBTC Break out !ATOM/BTC is getting bullish momentum right now ! It is out of our Buy zone, RSI is in the bullish zone. MACD 4H bullish cross + increase in buy volume ! ;) Price bar is breaking out BK77. Here you have it, 5 bullish signals :)) All important values you can see in chart ;) I wish you at least 15% profit.
ATOM is in Sweet zone for Short before going UPIt was a nice rally for ATOM: ATOM/BTC has already done about 100% over the month run (from 5/9/2019). Now, it looks like a Wolf's wave pattern appeared. Well, there are not much of us these days who believe/look at the waves pattern. We prefer to look at critical support and resistance levels the price tends to follow. Anyway, if we are to follow famous Wolf's pattern then we should see in nearest time the drop to at least 0.00026 atom/btc area or even lower to 0.0002. RSI still has some potential for further rise - that's true! But I will take a bet for a drop and try to catch the coin lower. Atom is among the promising ones :)
I will take at 0.00026-27 and then sell at 0.00039-0.0004 as a 1st target, 2nd will be a 0.0005.
Do your own research ^)
Hot Cosmos (ATOM) Has a Bullish Chart (Easy 95%+ Possible)Cosmos (ATOMBTC) is looking bullish on the chart. It recently moved above resistance and is printing really good volume.
Volume is our main indicator to confirm any type of move.
the break above EMA10 and the retest of it are all accompanied by high volume, meaning that ATOMBTC has the chance to continue moving up.
You can see the different targets and potential scenarios on the chart above.
Easy to hit 45% or even 95%+ of profits with this setup... Feel free to hit like to show some support.
Namaste.
$ATOM, Pushed back to 31k level after a quick accumulation$ATOM
Pushed back to 31k level after a quick accumulation over support at 26k sats..
Current 6H candle looks kinda bad and this zone seems overcrowded...
I'm waiting for a clear picture of this chart in order to take a position..
Volume is rising tho...
#ATOM
ATOMBTC formed bullish BAT | Upto 28% expectedPriceline of ATOMBTC / Bitcoin cryptocurrency has formed a bullish BAT and it is entered in potential reversal zone to hit the sell targets soon insha Allah.
This PRZ area should be used as stop loss point in case of complete candle stick closes below this zone.
RSI is oversold
MACD turned weak bearish from strong bearish.
Volume profile is showing less interest of traders here, but Stochastic did not give bull cross so we can wait for stochastic to give bull cross then buy.
I have used Fibonacci sequence to set the targets, and this time I have defined buying zone from 0.618 to 0.886 of X to A Fibonacci projection:
Buy between: 0.0002807 to 0.0002528
Sell between: 0.0002880 to 0.0003252
Regards,
Atif Akbar (moon333)
ATOMBTC: Is the Glass Half Empty or Half Full?One of the most exciting altcoin charts is Cosmos. There are many things to note. Some are bullish, and some are bearish.
On the bearish side, ATOMBTC rallied and then failed, right at the 23% retracement of its June - September down move. Looking at this, you could make an argument that ATOMBTC will return to its low or make a new low.
On the more constructive side, we would like to see ATOMBTC hold support near its 21-day moving average near 2687. The 21-day moving average has been a huge inflection point for ATOMBTC since June (green arrows). A break of the 21-day moving average started the down move in June. Each time ATOMBTC revisited and then failed at the moving average, it turned around and dropped again.
Bottom Line: It will be interesting to see if a drop to the 21-day moving average will bring in buyers. If it doesn't, then ATOMBTC may be caught in the altcoin tax-loss selling vortex. Conversely, if ATOMBTC does bottom out near the 21-DMA, dip buyers may step in.
ATOMBTC has formed a bullish Shark | A good long opportunityPriceline of ATOM / Bitcoin cryptocurrency has formed a bullish shark and entered in potential reversal zone to hit the sell targets soon insha Allah.
This PRZ area should be used as stop loss point in case of complete candle stick closes below this zone.
Volume profile is showing less interest of traders here, but Stochastic did not give bull cross and MACD is strong bearish so for secure trade we can wait for MACD to turn weak bearish or for stochastic to give bull cross then buy.
I have used Fibonacci sequence to set the targets:
Buy between: 0.0002974 to 0.0002912
Sell between: 0.0003038 to 0.0003171
Enjoy your profits and regards,
Atif Akbar (moon333)
ATOMBTC formed a gartley | A good long opportunityPriceline of ATOM / Bitcoin cryptocurrency has formed a gartley and entered in potential reversal zone.
This PRZ area can be used as stop loss.
I have defined targets using Fibonacci:
Buy between: 0.0003217 to 0.0003173
Sell between: 0.0003252 to 0.0003336
Regards,
Atif Akbar (moon333)
ATOMBTC: First Target Hit$ATOM has hit our target near 3382. That level is the 23% retracement of the recent down move. If you assume $ATOM is still in a bear market, then today's 11% move should complete the corrective rally. That would leave $ATOM at the mercy of any new up move in $BTC...which we believe is coming.
The next level to watch is near 4138. If $ATOM manages to rally past that level, a confirmed bottom could be in. In Elliot Wave speak, a rally past 4138 would take $ATOM past a "previous 4th." In English, if ATOM passed 4138 it would move through the area where the potential final leg of the down move began. That could be constructive.
Bottom Line : Chasing $ATOM up 11% with the coin at resistance doesn't make much sense. If $ATOM blows through 4138, jump on. Any such move could imply that a broader crypto market rally has begun. Conversely, a failure at 3382 could signal the start of tax loss selling in the alt space.