ATOMUSD
The key is whether it can rise with support from 9.603-9.999Hello?
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(ATOMUSDT chart)
Looking at the 1D chart,
A rise above 9.603 indicates that the CCI indicator has exited the oversold zone.
Accordingly, the key is whether it can rise with support around 9.603-9.999.
If it rises above 9.999,
1st: 11.992-12.881
2nd: 14.319-15.083
Split selling is possible when resistance is received in the first and second sections above.
However, it is expected that a full-fledged upward trend will begin only when it rises above 14.319.
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** All descriptions are for reference only and do not guarantee profit or loss in investment.
** Even if you know other people's know-how, it takes a considerable period of time to make it your own.
** This is a chart created with my know-how.
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ATOMUSD Channel Down bottom rebound with immediate target $10.Cosmos / ATOMUSD is rebounding after almost reaching the bottom of the long term Channel Up.
This rebound is being fuelled by an enormously oversold 1day RSI.
Buy and target the 1day MA50 and dashed trendline at 10.00 short term.
If the price closes over Resistance A (11.00), buy again and target Resistance B (13.00) on the medium term.
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ATOM Cosmos Bearish Pennant PatternIn its recent case against Binance, the SEC introduced 10 cryptocurrencies into the securities classification: BNB (BNB), Binance USD (BUSD), Solana (SOL), Cardano (ADA), Polygon (MATIC), Cosmos (ATOM), The Sandbox (SAND), Decentraland (MANA), Axie Infinity (AXS) and COTI (COTI).
A bearish pennant is a technical chart pattern that typically occurs during a downward trend in a financial market. It is characterized by a small symmetrical triangle formation, with converging trendlines that resemble a pennant shape. This pattern suggests a temporary pause or consolidation in the price movement before a potential continuation of the downtrend.
When a bearish pennant pattern breaks down, it means that the price has moved below the lower trendline, signaling a potential resumption of the downtrend. This breakdown is considered a bearish signal and may indicate further downward price movement in the near term.
Traders and investors often monitor bearish pennants and their breakdowns as potential opportunities to initiate or add to short positions or to manage existing bearish trades.
My price Target for ATOM is $5.60.
Looking forward to read your opinion about it.
ATOMUSDT at monthly support, likley to head towards 13.5-14.7So this is high time frame analysis. The price is trading around monthly support MS1. It has tapped this support several times in past few weeks and every time the price has bounce to the upside although with diminishing degree. Still, it is likely that the price will make a larger move to the upside. It is possible that the price dips into this monthly support and breaches it briefly but even in that case I am not expecting it to go below the 8.84 level marked on the chart. But my bet would be that this monthly support holds and the price move upward from this support. The first target should be monthly resistance MR1. Other resistance levels are also marked on the chart.
atomusdt (cosmos) are you rdy?🧨😉Atom currency
From the volume point of view, the price to volume ratio is low, the purchase volume is high, so it can be said that the banks are making high purchases, but from the point of view of the bank price, it has not yet reached the desired price of the banks.
The price of banks to buy this currency is 18% lower than the current price.
So what we are seeing is that the price should first see $8.577, then the best entry target to enter this currency is this price so that we are ready for the upward targets.
The first target is $14,660 and the second target is $16,793
Cosmos ATOM price behaves "out of the box" are you expecting 🚀?First, let's look at the global chart of ATOMUSDT trading history
As you can see, the price entered the medium- and long-term buying zone six months ago.
It was followed by a good 80% increase in the price of ATOM, and for the past few months, it has been consolidating around the important $10.65 level.
In recent days, the ATOMUSD price has been quite well bought back and has not fallen down after BTC.
Even if we assume that the consolidation of the Cosmos token price will continue for several months (white scenario), there is still a +30% growth potential within the consolidation.
The critical level from above is $14.50
If buyers manage to break through and gain a foothold above $14.50, there will be space for growth to $20
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✅TS ❕ ATOMUSD: downtrend channel✅✅ ATOM could not break the structure.
The asset returned to the descending channel.
The price will continue its decline. ✅
🚀 SELL scenario: short to 10.591 🚀
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Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.
Cosmos (ATOM) analysis: New rubric "Where is the BOTTOM?"Hello, everyone!
Let's continue to analyze fundamentally strong crypto assets which I am going to buy at the very bottom. Now it's time to predict where the bottom for ATOM is gonna be.
Using trading chaos approach I defined the Elliott waves with the order you can see on the chart. You can tell me that wave 2 is too deep, but I have the evidence that it's correct. Look at the Fibonacci extension 1.61 - the natural wave 3 target. Price has reached this target perfectly. After that price has printed the wave 4 which is represented as a triangle correction. I think now ATOM is in wave 5 because it broke down the key fractal level.
The most important question: where is the gonna be the bottom. My answer is $3. There I will buy ATOM for the new bull run. This target was calculated according to the Tom Joseph's methodology. Bill Williams linked to his approach that's why I use it here.
Best regards, Ivan
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✅TS ❕ ATOMUSD: kept the support level✅✅ ATOMUSD is moving near the upper limit of the channel.
The chart has once again held the support level.
We believe that the price of the asset will continue to rise. ✅
🚀 BUY scenario: long to 12.639 🚀
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Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.