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Cosmos

Cosmos: ComebackCosmos has come back below the green strip between $12.75 and $12.17 and should be very careful now, as there isn’t much room left until the support at $11.54. There already is a 40% chance that the altcoin could drop below this mark, which would then trigger further descent. However, as long as Cosmos abides above $11.54, we still primarily expect it to get its act together and to develop strong upwards momentum. Thus, Cosmos should be able to rise above the resistance at $16.96, heading for the green zone between $22.38 and $25.88.
BINANCE:ATOMUSD
by MarketIntel
$ATOM - LONG or SHORT ?Hello my Fellow TraderZ, The day before I had shared the idea of $QNT forming an ASCENDING TRIANGLE and its possible move. Similar structure is visible on $ATOM #COSMOS on 1 HTF where price is ranging inside the ASCENDING TRIANGLE and constantly getting rejection from $13.2. Breakout Target would be around 6-11% Profit. But also it is a bit confusing as it seems like it is also forming a Head & Shoulder pattern with the Trendline as the Neckline. Breaking of the neckline would give us the profit ~ 7-10% on Short. As a trader our task is to trade on both the sides. Let's see. Good Luck. Happy Trading. CHEERS!!!
by TRADER-GOKU
Cosmos Hub (ATOM) - October 7Hello? Welcome, traders. By "following", you can always get new information quickly. Please also click "Boost". Have a good day. ------------------------------------- (ATOMUSDT 1W Chart) Whether the 12.282-15.837 section is supported and able to rise is the key. (1D chart) You need to see if you can move up along the uptrend line. If not, you should check to see if it is supported near 12.282. If it falls below 12.282, it is likely to move towards the 9.603 area. The next volatility period is around October 30th. ------------------------------------------------------------ ----------------------------------------------------- ** All descriptions are for reference only and do not guarantee a profit or loss in investment. ** If you share this chart, you can use the indicators normally. ** The MRHAB-T indicator contains indicators that indicate support and resistance points. ** SR_R_C indicators are displayed as StochRSI(line), RSI(columns), CCI(bgcolor). ** CCI indicator is expressed as overbought range (CCI > +100) and oversold range (CCI < -100). (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.) ---------------------------------
by readCrypto
1
ATOM COSMOS INVERSE HEAD AND SHOULDERS!! 10% PUMP INCOMING!!Looking at QNT and Matic which have found their bottom its seems like we are getting a bit of relief rally in other altcoins. I have noticed a few with an inverse head and shoulders Pattern. Matic also had one and it played out. Possible 10% profit if it plays out with ATOM. No financial advise though :) It will be better confirmed if we get above $13.089 and use it as support. If this plays out I will be taking profit around $14.00.
ALong
by Luckyjimbob111
2
ATOM inside descending channels#ATOM/USDT $ATOM is inside a huge descending channel. 🐻 now price is rejected from the middle line of a channel which is the same with the long-term resistance zone, so it is possible that continue its downtrend to break down from support of $10 and touch the lower line of channel, than start a new rally. 🐮 but it price going to hold the support of $10, it will be an easy break out from resistance around $17 to touch the upper line of channel which is the middle line of bigger channel. in the long-term price can touch the upper line of the bigger channel. previous weekly analysis of COSMOS
by parissap
12
ATOM retains its crown, for now. 👑🐻ATOM has been in a 105 day uptrend since making a bottom back in June. Last bull run I was hyper bullish on ATOM but I exited super early around $16 and $27 while it went on to crack $40+. To my defense I was piling in around $3, $5 and $8 when no one was really talking about it. This Bear Market ATOM has proved to be a stand out that has flown under the radar. Looking at the chart there is a lot to take in. Starting with the uptrend channel you can see it encompasses most of the local tops with the exception of an over throw double top with a rejection back to the Demand Zone. Demand Zone - Tons of Sell pressure Supply Zone - Tons of Buying Pressure I recently entered ATOM in the 12.90 range If ATOM continues to maintain its structure the next logical move up should lead to the $20 dollar range. What we need to watch for is the trend to not reverse or making a lower high. Note the labeled swing low at $11.51 this is where my stop loss will be but there are more critical levels on the higher time frames, they are just lower. Typically I roll with a tight stop loss because we are in a Bear Market and you can get whacked hard in a matter of seconds. However, for this trade I am going to allow ATOM more room to flex. Regardless of the 105 day uptrend we did make a lower high on the weekly and a lower low. If ATOM loses 11.50 the next level is not much further down around $10-10.40 but you will save an extra 10% by not riding the full swing down. Even though ATOM is bullish we still must protect our selves because zooming out its entirely possible to see a retest or higher low than its $6 bottom. You have to take into account there is a chance we are starting to notice ATOM at the tail end of its run and not 3rd week of a simple correction. On the off chance ATOM revisits $6 range I will be a buyer for a long term hold. Given its past performance plus 16% APR for Staking on Binance 6$ would pretty much be a win win situation. At 6$ I would not be looking to sell but switch from trading to DCA strategy. Please read this post 2-3X and spend some time looking at the chart if you are interested in ATOM, there is a lot going on here ATOM 1W CHART:
ALong
by jlouvierobv
2
ATOM/USD - I want to buy, price looks good. NO!!! ⛔"Duo, ATOM price looks juicy, should I buy?" NO. ⛔ "But why - I want to FOMO!" Do you see that uptrend? The price broke below it... it's over. What you can expect is a... DOWNTREND or a significant correction. Not only did ATOM break its uptrend, it also broke below the key support at $13. Also, check the MACD on this 3-day timeframe. It's about to flip BEARISH... yeah. Hold to your cash. "OK, OK - so when do I FOMO?" I would only start to consider it when ATOM is at $10. There is good support there, but if the market turns really bearish with BTC under 18k (see my BTC idea below), then you can expect even one-digit levels again. So there you go, ATOM is bearish in my eyes for the next month at least... Trade accordingly. Like and follow if you liked my idea!
Short
by DU09
1
Bull Flag on ATOM Until Proven OtherwiseFor me the best time to buy would have been at the 0.886 Retrace Below but i was not looking aware of ATOM being at the .886 at the time. If one wanted to be patient they could wait for ATOM to come back down to the 0.886 level and try to play some sorta Double Bottom but there's a possibility that a significant continuation up happens before it goes back down there so as a bit of an Aggressive Continuation Trade I'll be risking a bit here to try to realize a 60%-80% Gain based off what looks to be a Bull Flag in a Local Uptrend showing some Hidden Bullish Divergence.
COINBASE:ATOMUSDLong
by RizeSenpai
Too Good To Be True? Staking Rewards and the RecessionAs some analysts have predicted, the public's interest in crypto/Web3 projects have shifted from proof-of-work over to proof-of-stake, following Ethereum's "merge" a few weeks ago. ATOM and ALGO in particular did very well this week (though it did level off eventually) as what seems to be a partial migration of crypto money flowing from one area to the next. The pattern is just starting now so time will tell if it's a trend or a blip, but as we head further into a global recession, the idea of people "abandoning" stocks and other traditional fiat assets becomes more a possibility over time. We can look at some of the predictions being made right now in the industry, and its pros and cons. 1. Crypto Will Go Down With Fiat Given that crypto and the stock market have traditionally moved in parallel for the most part, it will continue to do the same during the downturn. This assumes that the low-interest rates of 2008+ onwards was also fueling the crypto hype and will follow the same pattern of prices plunging as cheap borrowing falls to the wayside. While there's certainly a case there, this assumes that the economy will behave "as normal" during the next downturn - which may bring a different type of risk to the table. 2. Money Will Flow into Bitcoin/Ethereum This is the main mantra of the "maxis" out there - they assume that people will lose faith in fiat as a whole, and convert their stocks/cash into a "reliable deflationary asset" like Bitcoin or (now) Ethereum. Deflationary assets - while some will call "ponzi-like" in its modeling - do objectively favor existing holders over newer ones, and can often cause problems with onboarding and long-term growth since it makes it more difficult for new money to come in. Given the two projects massive media/marketing presence last year, are there any more people out there to onboard? Probably not - but they are holding out for the idea that they will be proven right, one day. 3. Money Will Flow into "Cash-Like" Assets Like Dogecoin Traditional financial wisdom says that during recessions, "cash is king" - and we have seen some indication that money is starting to flow back into cash, especially the USD. (The USD is traditionally seen as the most "stable" and is typically where fiat assets flow into during recessions.) What does this mean for crypto? Well, up until now the narrative has been that out of the well-known coins out there, Dogecoin is the most "cash-like" since it's been actually used to buy and sell things at low costs. While the idea is interesting, DOGE has a few problems associated with it - that it still runs on proof-of-work (which is losing favor over time) and that being a fork of Bitcoin, it's technology is also being rapidly obsolete. (It cannot support NFT minting, for example.) There are plans for DOGE to move over to proof-of-stake eventually, but the timeline is TBD. 4. Money Will Flow into Staking Rewards As with ATOM/ALGO this past week, some lesser-known proof-of-stake coins have made its move - currently coins that offer competitive staking rewards are beating both the banks and the major proof-of-work coins, whom are simply unable to offer those types of rewards. ETH2 is now technically proof-of-stake, but its staking mechanisms aren't "liquid" - i.e. you don't know when you can get your money out. Some coins offer very high rewards (13%+) but is that too good to be true? Time will tell whether or not this model is sustainable or not. 5. Money Will Flow into Coins that Have Utility Arguably crypto's least talked about topic in public - coins that have real-life use-cases and actual products may start to see some gains as utility creates new converts over to particular projects. As the money for hype marketing strategies start to run low, many of the coins that have been running on it will start to drop out, making it easier for coins with real customers and revenue to stand out. Some coins have no value other than "store of value" - some coins have robust DeFi options but basically operates like an accounting firm - but there are a few projects out there that are attempting to expand into the worlds of direct applications. This is probably the most optimistic take on Web3's future as a whole, but the path of getting there isn't likely to be smooth - they don't call it "creative destruction" for nothing, after all. Of the projects out there, Tezos (XTZ) stands out as one of the few projects that have their hands in "everything" - with a diverse portfolio of projects in many sectors and brands across the world. (ETH does too, but their gas-fee problem has slowed technical and partnership development to a halt.) -- The actual outcome will probably some combination of the trends above, and is likely to get very complicated as time goes on, but I do think that it's important to keep an eye out for how key factions and ideas are circulating in the space right now since a lot of things are likely to change very quickly in the near future as we head further into what could potentially be the biggest global recession ever recorded in human history. "Higher numbers = good" has been the main focus of the crypto industry up until now but as time goes on we're likely to see more complex and nuanced takes on how the economy works and how Web3 fits into it as a whole. There might be some growing pains involved but this is how our understanding of economics matures, imo.
BITFINEX:XTZUSDLong
by RyanTanaka
Cosmos Hub (ATOM) - September 29Hello? Welcome, traders. By "following", you can always get new information quickly. Please also click "Like". Have a good day. ------------------------------------- (ATOMUSDT 1W Chart) Whether the 12.282-15.837 section is supported and able to rise is the key. (1D chart) We need to see if we can move up along the uptrend line passing near 12.282. If not, there is a possibility that it will drop to around 9.603. If the price is maintained above the 15.083-15.837 section, it is expected to continue the upward trend. The 12.282-15.837 section is a trend-determining section, and you can buy if you see support near 12.282. However, as I mentioned in the description of the BTC chart, I think it is time for altcoins to gain support by increasing the BTC price by at least 20.7K. Therefore, before that, it is recommended to trade conservatively when trading altcoins. ------------------------------------------------------------ ----------------------------------------------------- ** All descriptions are for reference only and do not guarantee a profit or loss in investment. ** If you share this chart, you can use the indicators normally. ** The MRHAB-T indicator contains indicators that indicate support and resistance points. ** SR_R_C indicators are displayed as StochRSI(line), RSI(columns), CCI(bgcolor). ** CCI indicator is expressed as overbought range (CCI > +100) and oversold range (CCI < -100). (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.) ---------------------------------
by readCrypto
ATOMUSDT H2ATOMUSDT With market sentiment starting to turn bearish, with many market participants worried about the Fed's decisions and also the global geopolitical situation, there was a pullback yesterday again in the price of BTC, affecting the entire crypto market, including ATOM. Meanwhile, technical factors also point to a rally, as ATOM always has a brute buying force. At H2 we are already on the lower edge of the Keltner channel which is a powerful support. Fibonatti imposes a resistance at $13.64 and after breaking it we will reach our target of $14.04. In terms of other ATOM fundamentals, no worries, high-octane currency; ATOM is reworking its white paper bringing many improvements to the entire COSMOS ecosystem.
by ferulianov