ATOMBTC: Pressing ResistanceLooking at the 2-day chart of ATOMBTC, we see ATOM approaching the 23% retracement of the June - September down move. The level to watch is 3382. That zone also contains horizontal resistance. The final thrust lower in August in ATOMBTC started near this level. If ATOMBTC can launch above 3382, it could have much bigger upside potential. One potential upside target could be the 50% retracement near 5000.
With all that said, buying any alt on strength has been the road to ruin in 2019. So, if you missed the bounce in ATOMBTC, move into "wait and see" mode. We believe BTC has upside potential, and that could hurt alts further. So, stay neutral for now.
ATOMBTC
$ATOM, Looking for continuation above ~26k sats resistance $ATOM
Looking for continuation above ~26k sats resistance (now support) with good volume levels
Crossed above Ichi cloud
Flipped 26ksats into support
Volume +500 in 24hs Binance
RSI at bullish levels
Aiming for ~31k sats with a tight SL under support
#ATOM
ATOM/BTC short ATOM is awake. It reached 0.00031 with good volume. however, looks like the buyers may see this level as a good one and we see that the volume started to decrease. I would bet that we could see a correction to 0.00026-0.00027 (assuming that BTC is on the flat run for a while). I've just unloaded my coins at 0.0003047 and hope to pick them up in the range of 0.00026-0.00027.
Then the targets
1st - 0.0003052
2nd - 0.000338
3rd - 0.0003715
But there is no certainty on the market like this one :) anyway.
$ATOM, Falling wedge. testing upper trendline & ~22k sats resist$ATOM
Falling wedge. testing upper trendline & ~22k sats resistance level
Volume increasing over the last 24hs (+200BTC Binance)
UCTS Buy signal on the 8H (& lower TFs)
MACD bullish divergence
EMA50 (green) acting as resistance
If breaksout, aiming for ~26k sats as first target
#ATOM
ATOM (COSMOS) Falling Wedge BrokeOut..!!ATOM (COSMOS)
- Falling Wedge Breakout Done in Daily Chart
- MACD + RSI Bullish Divergence As Well
- Volume is Incredible & Indicators Are Turning Bullish.
- I'm 2x Expecting in 2-3 Weeks (Keep it Secret)
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atombtc atomusdt cosmos analysis on binance very oversoldBoth atombtc atomusdt chart are very oversold. I can't say any chance it will move up soon but this could be the bottom forming due to a bit of buyers at this stage.
still selling pressure is high, but seems like it might bounce at least once.
We need more volumes though, but keep watching it and wait for good entry.
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ATOM/USDT ANALYSISATOM/USDT
After forming a descending triangle (similar to bitcoin 2018 big triangle) has lost the Horizontal Support , tested it as a resistance
and start dumping hard
Based on Fibonacci extensions:
1- Daily Close should maintain 2.121$ Level
2- Losing above Mentioned Level will open the door for another free-fall to 1.27$ Zone
ATOM (Cosmos) Breakout & Retest Done...!!ATOM (Cosmos)
- In Daily Timeframe, Falling Wedge Breakout & Retest Done.
- Indicators turning bullish, MACD is moving higher and now entering the Bullish zone. While the RSI remains on the Bullish side.
- Need Some Serious Volume For Healthy Uptrend.
- MA50 (Green Line) Acting As Major Resistance (Shown in Chart)
- TP1 & TP2 Both Are Mentioned in the Chart & ATOMBTC Might Take 15-20 Days Till Final Target.
Please, give us your opinion in the comments!
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The information given is never financial advice. Always do your own research