ATOMUSDT
Moment of truth for $ATOM$ATOM has been down trending for several weeks, forming a descending triangle. Now price reached support at $23.5 but everything is in $BTC hands.
If you look at the RSI you can see a bullish divergence forming but this is not enough, waiting for more conformations.
I will only go long after a bounce from support with bullish volume followed by a breakout of the triangle's resistance!
I will only go short if price broke below support with huge selling volume:
Be reactive not predictive :)
ATOM 1W If the candle does not break the canal, you can enter
How do you know when to enter and exit a trade?
The safest strategy is to exit after a failed breakout or breakdown, taking the profit or loss, and re-entering if the price exceeds the high of the breakout or low of the breakdown. The re-entry makes sense because the recovery indicates that the failure has been overcome and that the underlying trend can resume.
ATOMUSDTHello Crypto Lovers,
Mars Signals team wishes you high profits.
A one-day frame analysis for ATOMUSDT
You see that the price is fluctuating near the support line and it is expected that to move back to the resistance line after touching the support line. In case it enters the area below the support line and remain there, we will face a decline up to the next support line.
Warning: This is just a suggestion and we do not guarantee profits. We advise you analyze the chart before opening any position.
Wish you luck
ATOM is at the bottom of its ascending channel. Will it bounce?Looks Like ATOMUSDT is at the bottom of its ascending channel and on demand zone. It can move at the bottom a bit and go up or create a fake break out as it did before and travel to the top of its channel.
Comments please..
This is not a financial advice.. Please DYOR before opening any position.
Cheers
ATOM/USDT 350% Potential from This Entry Level ( Target $100+ )#ATOM/USDT TA Update:-
$ATOM currently trading at $27
Recently hit $44 and Its gave good profit from our Initial entry.
Next..?
Now Good time to Accumulate at dip as Possible.
Accumulation Zone:- $22-$27
Targets:- $44/$80/$116
Stop Loss:- $20
Waiting for Breakout $44
Above $44 no any Resistance so Target will be $100+
Strong Support is $25 and $21
Keep an eye on this level.
Above this Level $ATOM is super bullish.
Support:- $25/$21
Resistance:- $44
ATOM Bullflag Still in PlayOn the left we can see a more zoomed in version of the ATOM chart (weekly timeframe) and it shows how price continually forms support areas around the top and middle of the channel
This strengthens the possibility of a successful bullflag
On the right the bullflag is seen more evidently (in the triangle), this triangle is out of the clearest Fib circle which makes me assume a new run is coming.
ATOM Cosmos is in a Consolidation Phase
ATOM price is likely to range between $22 and $35. The trend direction of PVT is diverging from price direction. I have selected the time points A and timepoint B {April 3 2022]. The price difference between these two time points closing price is 1.03 (USDT). The difference in PVT between the two timepoints is negligible.
MA assigned to ATOM (Cosmos) price are 50 MA (Yellow), 100 MA (Green), 500 MA (Blue). These MA follow the session we are in and the session is 2 Hour freq . February 28 2022 ATOM price crossed over 500 MA. The subsequent price movement from March 4 2022 to March 6 2022 sent the price of ATOM to cross under the 50 MA, then the 100 MA, and lastly the 500 MA.
Price support at $34 was proving to be resistance and the new price support was found at $28 by March 25th 2022 when price had maintained a price greater than all three MA’s. On March 25th 2022 the MA were as follows 28.34 50 MA, 28.32 100 MA, 28.05 500 MA. (50 MA > 100 MA > 500 MA) The most recent price trend in relation to the 3 MA’s indicates a possible continuation of this consolidation phase.
From March 3rd 2022 the PVT value was at 7.614 million and on April 3rd 2022 PVT was 7.621 million. (The price trend appears flat).
Cosmos Bullish Divergence1D tf ATOM Looks like we would a short term bullish trend in the next few days. Possible TP1 at 29.68 (0.382 Fib Line) TP2 at 32.61 (0.5 Fib Line).
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Divergence is when the price of an asset is moving in the opposite direction of a technical indicator, such as an oscillator, or is moving contrary to other data. Divergence warns that the current price trend may be weakening, and in some cases may lead to the price changing direction.
Divergence signals tend to be more accurate on the longer time frames. You get fewer false signals. Divergences on shorter time frames will occur more frequently but are less reliable.
READ THIS NOTE!!
Market can do anything specially on crypto, because of Bitcoin, investors often consider Bitcoin as the reserve currency of the cryptocurrency market, similar to the USD in the global stock markets. When bitcoin (BTC), the largest cryptocurrency by market cap, goes up, other digital tokens tend to increase in value as well. When BTC declines, it's likely that other players in the space will drop at the same time.
Cosmos (ATOM) Buy ZoneCosmos (ATOM) Buy Zone
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BIAS
Mid-Term : Bullish
Risk : High
Cosmos is showing signs of strength paired to both USDT and BTC. Laddering orders all the way down to entry zone.
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$ATOM/USDT LONG SETUP
Leverage : x3 - x5
Entry Price : 24.25 - 24.75
TP 1 : 25.3
TP 2 : 25.9
TP 3 : 26.75
TP 4 : 26.25
TP 5 : 28.12
TP 6 : 29
TP 7 : 30.3
TP 8 : 32
Stop Loss : 23.5
*Maximum 3% of Portfolio.
*Unload 12.5% at each TP. Whenever TP 2 hits, Move stop loss to entry.
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