Cosmos ATOM Bear Market RallyFriday the S&P hit a new 52 week low, being oversold right now.
I expect a bounce in the stock market next week, which will determine a bear market rally in the crypto space too!
Cosmos ATOM is one of the cryptocurrencies that have a lot of potential for a bull run.
ATOM/USDT
Entry Range: $12.50 -12.90
Price Target 1: $14.40
Price Target 2: $16.90
Price Target 3: $20.50
Stop Loss: $11.10
ATOMUSD
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ATOM retains its crown, for now. 👑🐻ATOM has been in a 105 day uptrend since making a bottom back in June. Last bull run I was hyper bullish on ATOM but I exited super early around $16 and $27 while it went on to crack $40+. To my defense I was piling in around $3, $5 and $8 when no one was really talking about it. This Bear Market ATOM has proved to be a stand out that has flown under the radar.
Looking at the chart there is a lot to take in. Starting with the uptrend channel you can see it encompasses most of the local tops with the exception of an over throw double top with a rejection back to the Demand Zone.
Demand Zone - Tons of Sell pressure
Supply Zone - Tons of Buying Pressure
I recently entered ATOM in the 12.90 range
If ATOM continues to maintain its structure the next logical move up should lead to the $20 dollar range. What we need to watch for is the trend to not reverse or making a lower high. Note the labeled swing low at $11.51 this is where my stop loss will be but there are more critical levels on the higher time frames, they are just lower.
Typically I roll with a tight stop loss because we are in a Bear Market and you can get whacked hard in a matter of seconds. However, for this trade I am going to allow ATOM more room to flex.
Regardless of the 105 day uptrend we did make a lower high on the weekly and a lower low.
If ATOM loses 11.50 the next level is not much further down around $10-10.40 but you will save an extra 10% by not riding the full swing down.
Even though ATOM is bullish we still must protect our selves because zooming out its entirely possible to see a retest or higher low than its $6 bottom. You have to take into account there is a chance we are starting to notice ATOM at the tail end of its run and not 3rd week of a simple correction.
On the off chance ATOM revisits $6 range I will be a buyer for a long term hold. Given its past performance plus 16% APR for Staking on Binance 6$ would pretty much be a win win situation. At 6$ I would not be looking to sell but switch from trading to DCA strategy.
Please read this post 2-3X and spend some time looking at the chart if you are interested in ATOM, there is a lot going on here
ATOM 1W CHART:
ATOM/USD - I want to buy, price looks good. NO!!! ⛔"Duo, ATOM price looks juicy, should I buy?"
NO. ⛔
"But why - I want to FOMO!"
Do you see that uptrend? The price broke below it... it's over. What you can expect is a... DOWNTREND or a significant correction.
Not only did ATOM break its uptrend, it also broke below the key support at $13.
Also, check the MACD on this 3-day timeframe. It's about to flip BEARISH... yeah.
Hold to your cash.
"OK, OK - so when do I FOMO?"
I would only start to consider it when ATOM is at $10. There is good support there, but if the market turns really bearish with BTC under 18k (see my BTC idea below), then you can expect even one-digit levels again.
So there you go, ATOM is bearish in my eyes for the next month at least...
Trade accordingly.
Like and follow if you liked my idea!
Bull Flag on ATOM Until Proven OtherwiseFor me the best time to buy would have been at the 0.886 Retrace Below but i was not looking aware of ATOM being at the .886 at the time. If one wanted to be patient they could wait for ATOM to come back down to the 0.886 level and try to play some sorta Double Bottom but there's a possibility that a significant continuation up happens before it goes back down there so as a bit of an Aggressive Continuation Trade I'll be risking a bit here to try to realize a 60%-80% Gain based off what looks to be a Bull Flag in a Local Uptrend showing some Hidden Bullish Divergence.
ATOM - 1H Bearish signsThe daily trend line was broken and it had a pullback on the 4H chart. In the 4H time frame, The price crossed the support zone and had a pullback to the zone with a perfect doji candle that we can consider as a signal bar. We have a powerful bearish candle at the end that indicates the price could decrease more.
✅TS ❕ ATOMUSD: into a downtrend✅✅ATOM has finally moved into a downtrend.
The price is updating the lows and has now reached a support level from which a correction is possible.
I expect the trend to continue after the correction.✅
🚀 SELL scenario: short to 11.205.🚀
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Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.
Cosmos Hub (ATOM) - September 29Hello?
Welcome, traders.
By "following", you can always get new information quickly.
Please also click "Like".
Have a good day.
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(ATOMUSDT 1W Chart)
Whether the 12.282-15.837 section is supported and able to rise is the key.
(1D chart)
We need to see if we can move up along the uptrend line passing near 12.282.
If not, there is a possibility that it will drop to around 9.603.
If the price is maintained above the 15.083-15.837 section, it is expected to continue the upward trend.
The 12.282-15.837 section is a trend-determining section, and you can buy if you see support near 12.282.
However, as I mentioned in the description of the BTC chart, I think it is time for altcoins to gain support by increasing the BTC price by at least 20.7K.
Therefore, before that, it is recommended to trade conservatively when trading altcoins.
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** All descriptions are for reference only and do not guarantee a profit or loss in investment.
** If you share this chart, you can use the indicators normally.
** The MRHAB-T indicator contains indicators that indicate support and resistance points.
** SR_R_C indicators are displayed as StochRSI(line), RSI(columns), CCI(bgcolor).
** CCI indicator is expressed as overbought range (CCI > +100) and oversold range (CCI < -100).
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
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#ATOM/USDT 1DY UPDATE !!Hello dear traders, we here new so we ask you to support our ideas with your LIKE and COMMENT, also be free to ask any question in the comments, and we will try to answer for all, thank you, guys.
Cosmos (ATOM):-
On the other side of the spectrum, another notable mover on Wednesday was cosmos (ATOM), which fell by as much as 10%.
ATOM/USD slipped to a low of $12.69 earlier in today’s session, breaking out of a key support point of $13.40 in the process.
This decline pushed cosmos to its lowest point since September 8, days after the token rallied from the support of $11.55
Looking at the chart, today’s drop comes as the 10-day (red) moving average had a downwards cross versus its 25-day (blue) counterpart.
Should this bearish momentum continue, we could see ATOM on a collision course with a floor of $11.55.
A positive for bulls come in the form of the 14-day RSI, which seems to have found a floor of 44.95, which could help stop the bleeding momentarily.
Sorry for my English it is not my native language.
Hit the like button if you like it and share your charts in the comments section.
Thank you
ATOM moved 10% down. What's next?Hello, dear TradingView members.
This is an ATOM idea.
ATOM just fell down from the ascending channel it was moving in. This has happened before, so it can be just a noise caused by the 1000 dollars change in Bitcoin.
However, the price is below the channel, and there's only one resistance on the way down, which is very powerful. We have the possibility of going back up.
There are two scenarios in the current situation:
Scenario One:
The price will go back inside the channel and gets support from the lower band of the ascending channel to move back up.
Scenario Two:
The price will get rejected by the lower band of our channel and move back down on support.
RSI is near the overbought area, and the price has more room to go up.
Now let's see your ideas. Let's have a discussion.
Let me know if you guys have any questions;
I will be more than happy to help.
Good luck, and thank you.
✅TS ❕ ATOMUSD: several peaks✅✅ATOM formed several peaks, after which it fell sharply down. Now the price is being adjusted to the resistance level. After the correction, we can expect a fall.✅
🚀 SELL scenario: short to 12.26.🚀
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Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.
ATOMUSDT topping pattern -- where to shortATOMUSDT has a small break of structure on the 4h. I expect one final liquidity grab in the monthly r2 region ~$16.00 before it descends. Very reasonable TP1 and TP2 targets shown based off fib projections and supporting volume profile. Could go a lot lower. Idea invalidated with close (new high) above monthly R3 pivot.
*Setup Notes*
Entry zone: 15.5-16.16
Stop loss: 17.8
TP1: 10.83
TP2: 8.15
Daily view, with key support/resistance point at 17.8 (and why I am watching that level carefully):
ATOM is looking absolutely stunning!Let’s take a look at ATOM. All drawing tools drawn on the weekly time frame. But wanted to see how the daily time frame is looking.
Daily chart looks absolutely primed and ready for a big movement. ATOM looks bottomed out on the daily and weekly time frames.
Fully expect for ATOM to start making its movement to .618 fib at $22.80 level. Red box of resistance definitely needs to be retested. If these two movements come through then I’d expect a witch to the .786 at $27.50
Take profits off the table at .618, red resistance box and lastly at the .786 then set a trailing stop loss.
Again ATOM has huge upside potential! Trade safe!
What’s everyone think?
📉✌Atom-Cosmos Analysis✌📈BINANCE:ATOMUSDT
COINBASE:ATOMUSD
Hello traders, first look at my previous analysis and positions on ETHUSDT ,BTCUSDT ,EURUSD ,XAUUSD.
Just don't forget to risk-free your position.
The optimum stop-loss is on the chart.
Please share ideas and leave a comment,
let me know what's your idea.
CrazyS✌
ATOM/USDT - SHORT NOW ----- Welcome, dear followers! -----
- Here is my trading methodology. I trade with a normal system and analysis of resistance and support, as well as price reversal patterns.
- For the record, I do not place a stop loss within my trades. So that I only risk 1.5% of my total capital in order to support the loss due to a price reversal against me.
- If a price reversed against my expectation and touched the drawn line r3, then I transferred targets to the entry point and waited for the price to close at it with a loss equal to almost zero.
- Today's deal is shown in the chart, and here are the entry and exit points below.
-- Support me with numbers and follow up on my account for other deals in the future. Thank you for coming to this part. --
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⚡️⚡️ ATOM/USDT ⚡️⚡️
Exchange: Binance Futures
Trade Type: Breakout (Short)
Leverage: Cross (1.0X)
Entry Orders:
1) 15.524 - 100.0% (131.29682 USDT)
Take-Profit Orders:
1) 14.613 - 80.0%
2) 13.721 - 19.999%
Trailing Configuration:
Stop: Breakeven -
Trigger: Target (1)
✅TS ❕ ATOMUSD: into a downtrend✅✅ATOM moved into a downtrend with a strong impulse. The price has formed several peaks and now the trend is downward. Now a correction is possible after which we can expect a continuation of the fall.✅
🚀 SELL scenario: short to 12.26.🚀
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Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.