ATOMBTC
Cosmos (ATOM) | +71% PP | FREE TRADING SIGNALPair: ATOM/BTC
Exchange: Huobi or Binance
Trade Duration: Medium
Risk: Medium
Signal Strength: High
Developed by the Tendermint team since 2016, Cosmos is a highly forward-looking cross-chain blockchain project that aims to achieve a “blockchain-based internet” based on token transfer and to construct a deeply integrated token economy ecosystem. Cosmos Hub is the first cross-chain hub of the Cosmos ecosystem, and ATOM is the native staking token of Cosmos Hub, which can be used for spam prevention, staking dividends, and community management voting.
Our Entry Zone
0.0004691 - 0.0005067
Our Targets
1: 0.0005946
2: 0.0006792
3: 0.0008010+
Our Stop Loss: 0.0004582 (12H close below)
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Axsonex Team
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DISCLAIMER: Axsonex are not registered financial advisors and no information we provide is intended as financial advice. It is our opinion and nothing more. This report is for informational use only. Trading and investing in Cryptocurrencies is extremely high risk. Ensure that you conduct your own due diligence before deciding to invest in any asset. We have not/will not be(en) paid to endorse this project. You are responsible for all actions you take as a result of reading/viewing this page. Sources: binanceinfo
Chasing the falling ALTS. I think that 61500 support is hard as rock. If It will be broken I will leave the idea posting forever (or for very long period of time)!
Even if btc tomorrow will be 100k because of Martians will send for humans the secret message about BTC. Even in this scenario I DONT see 61500 to be broken.
After hitting 7700 ATOM more probably will start the consolidation to grow higher to the 9300-9600.
This ATOMBTC chasing is stupid and has no reason. But at least you can learn something about ALTS/BTC fluctuations which gonna help you in the future bull runs.
All other ALTS like XRP XLM and so on are on the bottom. I am pretty sure. If no " I will leave the idea posting forever (or for very long period of time)!"
$ATOM Is A Good Bet! Ranked 16th on Coinmarketcap!I don't know where the hell i've been, but seeing ATOM claiming it's position at 16th on Coinmarketcap is a jaw drop for me. How come something so new like this, acquiring big market capital. You can learn more about the project on their website.
Judging from the chart perspective, I love the mid-term double bottom pattern, which indicate, it will be more upside on the future as if we break the current all time high price. ATOM already has major supply on the circulating so I think it'll be safe if we just hold, but I'm a swing trader so, not gonna do it.
First TP, ATH.
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TIPS: PATIENCE & PERSISTENCE ARE KEY TO SUCCESS
RISK WARNING: Cryptocurrency investment is subject to high market risk. Please make your investments cautiously. I will make best efforts to bring profitable signals, but will not be responsible for your investment losses or profit.
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ATOMBTC BINANCEATOMBTC 4 HR Chart on Binance pattern isn't looking good. Window Oscillators MACD and BB aren't in agreement (BB is at the support level and MACD is going down)
Momentum of the price action is going down on 4 hr chart, with this MACD line is down and isn't in agreement with Price movement. Volume going down. It may indicate that selling pressure is going to start.
Currently, it is testing FIB retracements near at 23.6,38.2 & 50 % areas as shown in charts.
A couple of things can happen based on TA
It may reach TP1 target and bounce back to Minor support for testing or it may go further down to retest at the major support level in a couple of days based on selling pressure. Falling wedge happening currently, so the price can reach Tp1 if a breakout occurs.
It may test well at TP1 region and test TP2 and bounce back ( MACD isn't agreeing at this moment for this price action). Maybe FA can move price to TP2 area.
Based on the above analysis, if you want to invest in ATOM, set only for TP1 for short term and wait for price retracement and enter again for target TP2 based on the price momentum. Please note that I have seen many cases where oscillators will misguide and we may miss some major profits.
Please do your own research before investing in any crypto coin.
Please refer to below link for more information about MACD AND PRICE ACTION disagreement: