ATOMUSDT - WEEKLY ANALYSISATOMUSDT's price is showing extreme weakness and aggression by the Bears. They drag the price towards a major confluence area where we can see a definite Bull's reaction. Holding a long-term trendline with EMA 100 support turns this level into a critical zone. Bulls have to react more aggressively if they are eyeing any sort of pullback otherwise we may see a bullish continuation.
ATOMUSDT
Cosmos | ATOM at a critical pointIf this double top / "M" pattern play out for ATOM, I could see the price retrace towards the $11.5 - 14.0 area. A first indication for this pattern to play out, would be if the price closes below $20.0 on the daily chart.
Let's see how this plays out.
Thanks for your support.
Have a good one.
Cosmos Hub (ATOM) - April 26hello?
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(ATOMUSDT 1D Chart)
The 17.65-20.06 section is an important support section.
Therefore, it is necessary to check if the 17.65-20.06 section can support and rise.
A move above 31.45 is expected to result in a sharp move.
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** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume.
However, for convenience, we are talking in reverse for the interpretation of the indicator.
** The MRHAB-T indicator used in the chart is an indicator of our channel that has not been released yet.
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
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ATOMUSDT ATOM on of the best project in crypto currency and now with market going to retrace and crash , and its so good to buy some especially in the buy zone , if btc crash and going down maybe atom lost the support and expect to go down to 17$ , but if support from here expect to see 25$ again !
not financial advice
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 :)