ATOMUSD
ATOMUSDT With an RSI Bullish DivergenceHey all, here’s another entry on my tradingview series called 'Quick Updates'.
We find an RSI Bullish Divergence here on ATOM. This happens when the price makes a lower low, while the RSI makes a higher low. This indicates an unsustainable decrease in price, where the momentum is slowly resetting. This is a bullish signal and that's why I close this idea with the LONG suggestion.
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Cosmos (ATOM) - April 4Must be supported at 1.830.
We need to make sure that the MACD's rising divergence is divergent and can rise.
The main point is 3.415.
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I think it is a good idea to stop trading and watch the trend during the period of large fluctuations from April 3rd (2nd to 4th).
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ATOM/USD ANALYSIS (SHORT DOWN TO TEMP SUPPORT)ATOM ANALYSIS:
ATOM popped the rising wedge and confirmed a break downwards from the current point. In USD terms ATOM looks vulnerable to drop back to entry zone and 200MA temporary support. The overall market still in long term bullish, and staying above the 200MA is probable therefore I do expect a bounce off top green box. The short opportunity is present to target the support at $4.00, and T2 at $3.70. Once this zone is breached it is a good spot to enter long, given a confirmed daily reversal candle. RSI and Stoch are both neutral, and once last drop would be a perfect shake out before another run up. The confirmed support at the entry zone would also confirm the crypto bull run is here to stay. Look for a hold at 3.70-4.00.
Short Entries: 4.25
ATOMUSD: A HELLO TO BULL DIVERGENCE?SCALPING LONG ON NON OR LOW LEVERAGE.
- Reason for long: Nice 3-drives pattern and matched some fib levels on larger TF.
- Big bull div in play probably.
- One of the rare silence coins that didnt pump hard, yet.
- Levels to watch: Key support at 3.7-3.6. Should have some bounces from here at least.
* Where to enter?
Unless it decides to jump directly from here and print a daily above 4.3 (in this case we will have new entry). Otherwise we will look for some buy setup at 3.7x to 3.6x and manual stoploss if 2 daily close below 3.49.
TPs is on the chart. Non or low leverage recommended.