ATOMUSD
Cosmos just hit 100% breakout. Now how high will it go?Cosmos hit 100% breakout after breaking a resistance that interested me some days ago. Let's see if it'll develop more ahead. How high do you think the ATOM breakout will reach? The upward resistance I used as base for this breakout is drawn and the trading idea is linked here,
Happy trading
1/ATOMUSDT What do you think will happen next? 🚀Hello, dear charts reader!
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Cosmos ATOM Continues Its Rip UpwardCOINBASE:ATOMUSD - 1H
At the beginning of February Atom completed a cup and handle which marched the price above $15. As noted in the original idea, I'm in this trade long term for staking & DEX activity with no plans on exiting anytime soon. That being said, it's good to know what kind of legs this run has.
ATOM is in price discovery with healthy strides upward. We've got only a couple wicks on the hourly piercing the upper BBand and their rejections weren't too strong. EMA7 is holding strong as support on retractions - so if you're looking for a good entry point buy on a pullback to it. Today's volume spike was half of what two different candles were on Feb 5, so we've got lots of leg room to meet precedent. If things were to fall though, $17 has proven to be strong support.
Everything about this chart and concept screams long. With people fleeing ETH and the run ADA had, don't temper your expectations. The platforms that offer staking incentives, especially those with timelocks like ATOM, are drying up in supply as long term holders continue to stake and not take profits on exchanges. I believe this type of shock is responsible for a part of ADA's run, and it presents an interesting dynamic to technical analysis.
This is not investment advice and trading cryptocurrency is high risk.
Cosmos (ATOM) - February 9Hello?
Dear traders, nice to meet you.
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You should watch for any movement that deviates from 13.547-15.218.
If it falls, you need to make sure you get support in the 12.990-13.547 range.
If you fall from 12.990 point, you can touch 10.763 point, so you need to trade carefully.
If it falls between 10.206-10.763, a short stop loss is required.
However, since the gap from your current location to 10.206 is large, you need to think about how to respond in this section.
The next volatility period is around February 19th.
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** All indicators are lagging indicators.
So, it's important to be aware that the indicator moves accordingly with the movement of price and volume.
Just for convenience, we are talking upside down for interpretation of the indicators.
** The wRSI_SR indicator is an indicator created by adding settings and options from the existing Stochastic RSI indicator.
Hence, the interpretation is the same as the conventional Stochastic RSI indicator. (K, D line -> R, S line)
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator that oh92 disclosed. (Thank you for this.)
** Check support, resistance, and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All explanations are for reference only and do not guarantee profit or loss on investment.
Explanation of abbreviations displayed on the chart
R: A point or section of resistance that requires a response to preserve profits
S-L: Stop Loss point or section
S: A point or segment that can be bought for profit generation as a support point or segment
(Short-term Stop Loss can be said to be a point where profits and losses can be preserved or additionally entered through installment transactions. It is a short-term investment perspective.)
GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they do not trade 24 hours a day.
G1: Closed price
G2: Market price at the time of opening
(Example) Gap (G1-G2)
Cosmos ATOM 1D Cup & HandleCOINBASE:ATOMUSD
Exciting times for Atom fans with a potential huge run ahead after completing a near 6 month long cup and handle. $10.18 presents a small challenge but if momentum is swinging it will blow right through. The coin has a strong presence on Coinbase and other big CEX's with in-house staking offered, which will be particularly attractive to new entrants. I can't guess where this lands but I can say it has a smaller circulating supply than UNI and is half the price.
This is not investment advice and trading cryptocurrency is high risk.
ATOM to $23This chart has been accurate for past 3 days. The APY is 5% on this coin is likely to trigger plenty of DEFI trading. While looking at similar coins like link we can see that ATOM will go to around $23 in the near future. remember that DEFI is the name of the game with a growing market cap currently around 5.5%.
Ethereum extrapolation on CosmosHello, investor!
This is my ETH 2017 extrapolation on ATOM 2021. How ATOM's pump would look like, if it is Ethereum of today, so to speak. The idea for extrapolation came to my mind when I noticed similarity in volumes and time frames then and now. Bear in mind, there's only 4 months left to reach $200-$300 if I'm right.
ATOM set to LaunchBroke its ATH, retested prior high for support (twice), pushing back above ATH and currently struggling to flip support.
Positives-
Big RSI divergence. You can see the RSI dropped signifigantly over the past week with very little give on the price over its comparable time.
Love the double bottom off the prior high.
Negatives-
Sell volume the last 1.5 days is notiibly outdoing the buy volume.
Neutral-
The last week has set up a nice little channel to trade in. Stop loss @ $7.00. Entry obviously the moment we get a full 1 day candle open/close above the ATH.
In the meantime it might bounce around in there for another day or two for the longs to build momentum against the short resistance.
Definately breaking higher and target is $13+ in the 3-7 days.
Good luck.
Definately not advice. I'm an idiot. do the opposite. i'm just special and need to put my thoughts in writing.
ATOM/USD - ATH set after massive pump, what next?ATOM just pumped 40% in one day. Not bad right? :)
Now we're closing on the resistance just above us and I expect us to face some rejection here. The parabola in yellow indicates the momentum behind this move, so if we break it then we may need to cooldown a bit before we can renew our move up.
The indicators remain very bullish right now, so I don't exclude us blasting through the resistance if we have sufficient power. That would be similar to AAVE which simply pumped higher without any concern for resistance levels.
That is still to be confirmed for now. So watch this level closely, I would avoid entering here as the risk reward is poor, you should have got in at breakout which is now our support line.
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ATOM/USD - About to retest ATH level at $10!ATOM has been pushing higher nicely these past few days and now ATH level is in sight. I'd expect price to continue higher and touch $10 any time now.
Question is if we will get enough momentum to push higher. This is hard to say now, however, the indicators are looking nice, particularly MACD on daily had done a positive cross.
Similarly on 4h timeframe we're looking good with a MACD that is expanding again and RSI curving up nicely.
All signs point up! ETH has also broken it's old ATH, so we're looking pretty bullish again market wide.
First test will be the resistance at $10. Lets see how that develops.
Like and follow if you liked this idea!
Cosmos (ATOM) - February 3Hello?
Dear traders, nice to meet you.
"Like" is a huge force for me.
By "following" you can always get new information quickly.
Thank you for always supporting me.
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We have to see if we can get support and climb in the 8.535-8.877 range.
Volatility around February 7th should be observed to see if there is any movement outside the 8.535-10.206 range.
If you fall from the 8.535 point, you can touch the 7.621 point, so you need to trade carefully.
If it falls in the 6.307-6.864 range, Stop Loss is required to preserve profit and loss.
-------------------------------------------------- -------------------------------------------
** All indicators are lagging indicators.
So, it's important to be aware that the indicator moves accordingly with the movement of price and volume.
Just for convenience, we are talking upside down for interpretation of the indicators.
** The wRSI_SR indicator is an indicator created by adding settings and options from the existing Stochastic RSI indicator.
Hence, the interpretation is the same as the conventional Stochastic RSI indicator. (K, D line -> R, S line)
** The OBV indicator was re-created by applying a formula from the DepthHouse Trading indicator, an indicator that oh92 disclosed. (Thank you for this.)
** Check support, resistance, and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All explanations are for reference only and do not guarantee profit or loss on investment.
Explanation of abbreviations displayed on the chart
R: A point or section of resistance that requires a response to preserve profits
S-L: Stop Loss point or section
S: A point or segment that can be bought for profit generation as a support point or segment
(Short-term Stop Loss can be said to be a point where profits or losses can be preserved or additionally entered through installment transactions. It is a short-term investment perspective.)
GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they do not trade 24 hours a day.
G1: Closed price
G2: Market price at the time of opening
(Example) Gap (G1-G2)
ATOMs Road to 10.00hey guys looking into ATOM/USD . we wicked past 9.00 , hopefully we rise back as a full bar , that would give us confirmation on the 10.00 success .
its amazing how we are chilling in profit , waiting to move forward , im still holding i haven't let go yet .
what do you guys think ? let me know below in the comments
💡Don't miss the great buy opportunity in ATOMUSDTTrading suggestion:
". There is a possibility of temporary retracement to suggested support line (7.15).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. ATOMUSDT is in a uptrend and the continuation of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 54.
Take Profits:
TP1= @ 8.80
TP2= @ 10.10
TP3= @ 11.17
TP4= @ 12.25
TP5= @ 13.78
TP6= @ 15.70
SL= Break below S2
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💡Don't miss the great buy opportunity in ATOMUSDTTrading suggestion:
". There is a possibility of temporary retracement to suggested support line (7.15).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. ATOMUSDT is in a uptrend and the continuation of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 54.
Take Profits:
TP1= @ 8.80
TP2= @ 10.10
TP3= @ 11.17
TP4= @ 12.25
TP5= @ 13.78
TP6= @ 15.70
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 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 ❤️
ATOMs Road to 10.00 Hey guys remember my last post i said atom was cruising down ,
i think its made it move upwards after hitting support ,
this is another entry on atom i took , a very conservative one
only because i had multiple confirmations , this just gives me a little reassurance .
i may have missed out when it hit its lowest point , but with crypto you are not missing out unless you don't get in .
. how do you guys feel about atom , let me know below in the comments .
if you're new , thanks for viewing and don't forget to follow me for more
leave a like its much appreciated it . Thanks guys