Atomlong
ATOM Bullflag Still in PlayOn the left we can see a more zoomed in version of the ATOM chart (weekly timeframe) and it shows how price continually forms support areas around the top and middle of the channel
This strengthens the possibility of a successful bullflag
On the right the bullflag is seen more evidently (in the triangle), this triangle is out of the clearest Fib circle which makes me assume a new run is coming.
Cosmos Bullish Divergence1D tf ATOM Looks like we would a short term bullish trend in the next few days. Possible TP1 at 29.68 (0.382 Fib Line) TP2 at 32.61 (0.5 Fib Line).
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Divergence is when the price of an asset is moving in the opposite direction of a technical indicator, such as an oscillator, or is moving contrary to other data. Divergence warns that the current price trend may be weakening, and in some cases may lead to the price changing direction.
Divergence signals tend to be more accurate on the longer time frames. You get fewer false signals. Divergences on shorter time frames will occur more frequently but are less reliable.
READ THIS NOTE!!
Market can do anything specially on crypto, because of Bitcoin, investors often consider Bitcoin as the reserve currency of the cryptocurrency market, similar to the USD in the global stock markets. When bitcoin (BTC), the largest cryptocurrency by market cap, goes up, other digital tokens tend to increase in value as well. When BTC declines, it's likely that other players in the space will drop at the same time.
ATOM M PATTERN FORMINGIn a monthly chart we already finished 1-5 Elliot wave, on a weekly ABC correction. going trough lower time frames we saw market starting to form M Pattern in 1h time frame. right now market started consolidating in a 50% fib and institutional zone and since we saw ABC correction we should see bounce to the top of M pattern and after that retrace back to the bottom.
Entry: We can enter now 30.63 or wait for a retracement to a buy zone at 30.
Invalidation: 29.5 (Just below buy zone)
Target 1: 33 (Top of M pattern, and a sell zone indicated by institutional candle)
#ATOM/USDT looks prime for 82% Rally!Welcome to this quick ATOM/USDT analysis.
I have tried my best to bring the best possible outcome in this chart.
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Welcome you all to ATOM/USDT UPDATE BY CRYPTOSANDERS.
LET'S BACK TO THE CHART:
As we can see in the above-mentioned chart the atom is trading inside a triangle pattern and we are expecting a brake out and retest just line a previous time shown at the chat.
Sow is expecting that atom will break the triangle pattern and can pump almost 82% from here.
entry:-0.0006400,0.0006625
target:-80%
stop-loss:-0.0006200
with leverage 5x to 10x
Sorry for my English it is not my native language.
Remember:-This is not a piece of financial advice. All investment made by me is at my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade.
Do hit the like button if you like it and share your charts in the comments section.
Thank you.
ATOM Giant Monthly Bullflag / Pennant ?This Bullflag is amazing! It is on a Monthly timeframe which makes the entry a long one, huge potential on chart structure based entry
Supported by a 50MA touch and bullish rejection on the Weekly timeframe for ATOM also
It will be interesting to see how this Monthly one pans out
#ATOM/USDT 1DAY UPDATE BY CRYPTOSANDERSWelcome to this quick ATOM/USDT analysis.
I have tried my best to bring the best possible outcome in this chart.
Hello members welcome to ATOM/USDT 1D chart update by CRYPTOSANDERS
As we can see from the above-mentioned chart that ATOM/USDT IS trading inside the symmetrical triangle pattern and we are expecting a breakout and retest which will be the confirmation for long trade entry.
entry:-$28.37,$30.80
target:-100%
stop-loss:-$$26.20
with leverage 5x to 10x
Sorry for my English it is not my native language.
Remember:-This is not a piece of financial advice. All investment made by me is at my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade.
Do hit the like button if you like it and share your charts in the comments section.
Thank you.
ATOM - showing signs of strengthATOM is the native coin of the COSMOS ecosystem. Mainly used for governance and staking, it is set to gain better value accrual this 2022. Mainly bullish on the coin due to 1) superfluid staking 2) interchain security 3) NFT marketplace 4) airdrops 5) EVMOS launch. Many of which will increase transaction count. Should value accrual be done right this time, alongside the hype with LUNA as the IBC ecosystem, we could be seeing a good increase in value. Technicals wise, we will analyze the possible move based on fibonacci pulled from the swing low in Jun 2021 and Swing high in Sept 2021. You can learn more about how to use the fibonacci retracement tool here . The recent bounce off the 0.382 fib and break of brearish trendline makes ATOM a potentially good trade
Trading plan - 3 scenarios
Very bullish -30%
Currently sitting at a price of $30 on 27/2, this would be the DCA price you have, selling at the 0.786 fib at $36 for repeated 20% gains. The fib was an old resistance which ATOM has retraced constantly from to the 0.618 levels at $30. You could then take profits at ATH at $44, wait for a retrace till $36 again to load up. Upper targets are 36, 44, 67 and 104, with the 1st week of April being the projected end of trading time frame. Levels are possibly visited once volume kicks in and IBC narrative is pushed forth. TLDR - sell on upper fibs, rebuy on fib retracements at lower levels or retest of ATH after it has been broken (some people might not get filled due to front running once ATH is broken)
Conservative bullish - 40%
Quite a normal behaviour based on the timeline of price action we see in ATOM + suspected delay of any of the above stated protocols. Here, we would expect a retracement towards $24 (retest of bearish trendline) to $26 (0.5 fib levels). DCAing at this range or slightly below 0.5 fib level would be key. Constantly selling above 0.618 fib levels ($30) could provide 16-20% gains as well, but remember to rebuy in at 0.618 levels if a new bullish trendline support is formed.. Upper targets are 36 and then ATH at 44 and then possibly 48-55 (10% rule past break of ATH, middle value between 45 and the 1.618 fib extension)
Bearish - 30%
Due to heavy bearish macrofactors. scam weekend pump, or delayed ecosystem launches, selling volume may spike and ATOM may see a retracement back to $21 (lower 0.382 fib) as stoplosses get hit and cascade of sells occur. I would then expect to see a reattempt to break out of the trendline, only to be rejected. If a breakout occurs but brearish stance remains, it would be good to add to the shorts near upper fib lines $26 (0.5 fib levels). TLDR - short on breakdown and then retest of bearish trendline, and also short on retracement to upper fibs. Lower targets are 21.7, 17.1, 16.3
Am generally more bullish due to lower selling volume as well as high selling volume bringing down price lesser. Due to volatile macroeconomics, if you are trading on platforms, be sure that it offers spot and perps like Bybit . it would be better to stay in spot rather than be trading perps/futures to prevent liquidation. Remember to set a stop loss to have a good sleep
#ATOM/USDT 12HOUR UPDATE BY CRYPTOSANDERSWelcome to ATOM/USDT quick analysis
I have tried my best to bring the best possible outcome in this chart.
Hello members, welcome to our ATOM/USDT 12hr update,
Atom/usdt currently trading inside a flag pattern in the higher time frame.
There are high chances to bounce from the lower trend line or green zone which are working as strong support.
If it bounces then we will be able to see an almost 40%-50% rally.
This chart will be invalidated if it breaks the lower trend line.
Entry:-$23.50,$26.00
Target:-40% TO 50%
Stoploss:-$21.08
With leverage 3x to 5x
And long term hold and good profit 😉🙂😊✈️✈️
Q:-What do you think about this?
Do you think we will see a new ATH of ATOM in the next quarter?
Share your views in the comment section.
Remember:-This is not a piece of financial advice. All investment made by me is under my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade.
Happy trading.
Sorry for my English it is not my native language.
Do hit the like button if you like it and share your charts in the comments section.
Thank you...
ATOM/USDT 4HOUR UPDATE BY CRYPTOSANDERSWelcome to this quick ATOM/USDT analysis.
I have tried my best to bring the best possible outcome in this chart.
Reason of trade:-ATOM/USDT inverse head and shoulder pattern confirm and retest confirm and market pump CMP and entry zone
Entry:-CMP AND GREEN ZONE BUY
Target:- 30% to 40%
Stop loss:- 25.70
Remember:-This is not a piece of financial advice. All investment made by me is under my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade.
Happy trading.
Sorry for my English it is not my native language
Do hit the like button if you like it and share your charts in the comments section.
Thank you.
ATOM/USDT first $100 or $10 ..?#ATOM/USDT
$ATOM currently trading at Strong support level $26 level.
Recently went upto $44 which is All time high of #ATOM
Now Trading at support level so I am expecting bounce back from $22-$26 level.
Which is also Good accumulation zone.
Stop Loss will be $20 for safe side.
If hold this support then Above Targets are $44 and $100
But if Break down this support then we can see $ATOM price under $10
Support:- $25/20/$10
Resistance:- $44/$100
ATOM/USDT 2HOUR UPDATE BY CRYPTOSANDERSWelcome to this quick ATOM/USDT analysis.
I have tried my best to bring the best possible outcome in this chart.
Reason of trade:-ATOM/USDT tringle pattern conform and retest buy the green zone
Entry:-CMP AND GREEN ZONE BUY and long term hold
Target:- 30% to 40%
Stop loss:- 25.70
Remember:-This is not a piece of financial advice. All investment made by me is under my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade.
Happy trading.
Sorry for my English it is not my native language
Do hit the like button if you like it and share your charts in the comments section.
Thank you.
ATOM/USD Inverse head and shoulders patternPossible inverse head and shoulders in the making for atom/usd. We may have a little bit of downside if BTC has a wick down however, patience will be rewarding. Altcoin market dominance on a longer trend looks bullish for now. Need a push down in BTC dominance for the alts to rally. Lets see what the next few weeks and months brings. Stay positive and level headed. (not financial advice).