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ATOMUSDT

ATOM Forming Pennant, Will it Make or BreakThis bearish daily chart shows that the price of ATOM has decreased since last month. If this price decrease continues, ATOM could break the $5.939 support level and move lower to $4, the bearish signal for 2023. Presently, ATOM is on a bearish trend as indicated in the recent downtrend. Since the 200-MA is above the 50-MA, we can deduce that the price is bearish for long-term investors. But if ATOM broke out of its pennant and rise higher, it can reach up to its resistance level. However, it broke the lower trendline, and a possible reach to its support can be seen. Resistance: $14 Support: $6
Long
by CoinEdition
Cosmos ATOM will find it’s bottom at this level!Hello, my friends! As I told you many times all cryptomarket will show us the last stage of the bear market. ATOM is not the exception. Cosmos is a funamentally strong project and if you believe in it’s bright future I will share with you the price levels where I am going to purchase it. ATOMUSDT has the clear Elliott waves structure. Waves 1, 2 and 3 have been printed. Wave 4, as I consider has been also finished at $17 and I don’t think that the price will reach this level only in the next bull run. This price level perfectly coincides with the 0.38 Fibonacci retracement. This is an ordinary wave’s 4 target. Now ATOM is in wave 5, but where is the final bottom target. I have some difficulties with it’s defining using trading chaos approach, because it has the negative value. In this case I use the liquidity collection approach. I can see the greatest liquidity pool at the $3-$3.3 area. I suppose that price with 90% probability reach this levels. We should see the divergence on the Awesome Oscillator on the 3D time frame to make sure that the bear market is finished. Let’s see what will happen! Best regards, Ivan ________________________________________________________________________________________________ If you like my trade ideas, please smash the boost button to stimulate me make more quality analytics!
Short
by Skyrexio
2
ATOM: Approaching ResistanceCosmos (ATOM) technical analysis: Trade setup : Price has bounced off of $8.50 support and broke back above $10 resistance, however another resistance looms ahead: 200-day moving average at $11. If it breaks above that, it would make a Higher High and signal trend reversal to Uptrend. Trend : Uptrend on Short-Term basis and Downtrend on Medium- and Long-Term basis. Momentum is Bullish (MACD Line is above MACD Signal Line and RSI is above 55). Support and Resistance : Nearest Support Zone is $8.50. The nearest Resistance Zone is $10.00 (previous support), then $12.50.
Long
by altFINS
1
ATOMUSDTHello Crypto Lovers, Mars Signals team wishes you high profits. This is a one-day-time frame analysis for ATOMUSDT There is R2, R3 and R1 on the top which are our resistance areas and all include the disability of price to rise. And S1 is a support line which shows the support of price since the past. At the moment, we have the fluctuation of price at R1 and there are two options here. In case the price is able to give us some confirmation candles to rise, then an increase is predicted toward higher amounts including R2 or R3 (provided that more fluctuation happens over there). Even it is clear that if the price is not supported at R1, definitely it would experience more decline to S1. If you are looking for wise trades and less risky ones, our suggestion will be following our regular updates. Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions. Wish you luck
by MarsSignals
ATOMBTC looks bearish (57 % dump likely) ATOMBTC has been in a very well-defined downtrend from January 2022. A temporary horizontal support has held , however the price remains under downsloping resistance and overall the structure is very bearish as it's been creating only lower highs and lower lows. We expect downtrend to continue for a while therefore 57 % dump is likely for ATOMBTC. After that it makes sense to flip bullish on this pair. In August 2022 we published analysis where we expect a huge drop for a whole crypto market: So far, this idea is playing out as expected and we believe that the final capitulation is coming which would trigger a 50%+ dump on ATOMBTC as well.
Short
by vf_investment
6