ATOMUSD bearish outlook, looking at $26ATOMUSD 1D tf, previous big red daily candle closed in a "bearish engulfing" fashion, as the price action failed to break through the twist, with a red Kumo cloud ahead: bearish outlook. Price action could "creep" below the cloud as it falls down to previous fib support around $26, it's not a matter of "if" but rather "when". ATOMBTC price action is also trying to break through a twist at the moment on the daily tf, if it also fails to do so the breakdown could be more brutal - it is within the realm of possibilities as I spotted a false breakout on the 1D, red candle close below the previous high, rejected at the SSA).
ATOMUSD
ATOM Mooned -> Rising WedgeNot only did the 4 hour and the 1 hour match up several times on Buys, but it held strong through BTC dumps.
However, we are now in a rising Wedge. We have a 4 Hour Bear Divergence.
I don't recommend to short unless we fall out of Rising Wedge. I think the Buying may be complete so I advise against buying the dip for now, at least on 1 hour anyway.
💡Don't miss the great buy opportunity in ATOMUSD @cosmosTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (26.22).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. ATOMUSD is in a range bound, and the beginning of an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 60.
Take Profits:
TP1= @ 30.36
TP2= @ 32.20
TP3= @ 37.16
TP4= @ 42.10
TP5= @ 44.54
SL= Break below S2
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💡Don't miss the great buy opportunity in ATOMUSD @cosmosTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (26.22).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. ATOMUSD is in a range bound, and the beginning of an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 60.
Take Profits:
TP1= @ 30.36
TP2= @ 32.20
TP3= @ 37.16
TP4= @ 42.10
TP5= @ 44.54
SL= Break below S2
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. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
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💡Don't miss the great buy opportunity in ATOMUSD @cosmosTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (27.14).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. ATOMUSD is in an uptrend, and the continuation of the uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 73.
Take Profits:
TP1= @ 30.62
TP2= @ 33.20
TP3= @ 37.16
TP4= @ 42.10
TP5= @ 44.54
SL= Break below S2
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. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
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Trade well, ❤️
ForecastCity English Support Team ❤️
💡Don't miss the great buy opportunity in ATOMUSD @cosmosTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (27.14).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. ATOMUSD is in an uptrend, and the continuation of the uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 72.
Take Profits:
TP1= @ 30.62
TP2= @ 33.20
TP3= @ 37.16
TP4= @ 42.10
TP5= @ 44.54
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex / Crypto trader ?
Now, It's your turn !
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
ATOM/USD - Major BREAKOUT! ATOM above $30 soon! 🚀ATOM broke the downtrend and today it continued to move higher, similar in some way to Luna's price action.
This means ATOM is ready for a higher valuation and buying a retrace/retest of previous levels is likely to give good returns.
The first key resistance is found at $30 and is likely for ATOM to break that if this momentum continues.
The resistance levels after that are found at $33 and $36.
Let's see how high this can go, indicators are all bullish. So a perfect set-up for a long. ;)
Bias is bullish.
Like and follow if you liked my idea!
ATOM - Inverse cup and handle, shot it with the strategyBYBIT:ATOMUSDT
4H trend chart
-
ATOM is building a possible inverse cup and handle pattern.
If this 4H candle can break out the support level($25.335), trading strategy as bleow.
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Profit Targets:
a) 23.845~23.24----Fib(1.272~1.382)
b) 22.595~----Fib(1.5)
c) 21.945~----Fib(1.618)
Stop losses:
a) 27.280----Red horizontal ray
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If you like this analysis, smash the "like button" and leave a comment below to share your thoughts
or let me know what crypto you want to see!
Trading is a reflection of yourself. Learn more daily and be ready for every opportunity.
Have a nice trading!
ATOM Cosmos might not be bullishPrice has been rejected by the 4H 200ema and the ascending channel resistance. In a longer term downward channel. Currently a pullback to $29 is envisioned. If price bonce and the market is bullish again, Atom will reach previous highs again. If not it will continue it's downward path.
ATOM can reach 85$ in mid Term🟡Chart is speaking it self!
COSMOS/TETHERUS
🌳What Is Cosmos (ATOM)?
In a nutshell, Cosmos bills itself as a project that solves some of the “hardest problems” facing the blockchain industry. It aims to offer an antidote to “slow, expensive, unscalable and environmentally harmful” proof-of-work protocols, like those used by Bitcoin, by offering an ecosystem of connected blockchains.
The project’s other goals include making blockchain technology less complex and difficult for developers thanks to a modular framework that demystifies decentralized apps. Last but not least, an Interblockchain Communication protocol makes it easier for blockchain networks to communicate with each other — preventing fragmentation in the industry.
Cosmos’ origins can be dated back to 2014, when Tendermint, a core contributor to the network, was founded. In 2016, a white paper for Cosmos was published — and a token sale was held the following year. ATOM tokens are earned through a hybrid proof-of-stake algorithm, and they help to keep the Cosmos Hub, the project’s flagship blockchain, secure. This cryptocurrency also has a role in the network’s governance.