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Cosmos

ATOM - COSMOS is Bottom Out - (Buying Opportunity)The Back Ground and Support Zone ATOM makes a massive move in 2021 when it moves from 9.98 to 44.80. It was a strong bullish rally that held its ground and only saw a minor correction. But it's very next attempt failed to break the ATH, and then it went for a deep correction, and the second attempt to break the ATH also failed. Now it corrects 42%. Recently its rejected from a well-established strong support zone, which is also a 50% retracement of its 2021 bullish rally. Current technicals are in favor of bulls. Point: Price is trading above the strong support zone. Trading above the trend line which is tested twice. We witness a decent rejection from the downside. An uptick in the volume. RSI is above 30 and recovering towards 50. Price already correct move than 42%. Pay Attention The trend line and support zone provide a ground that will keep the price above, and from this point, we will see a start of the next bullish leg. Pay attention to support and trend line, MACD is still bottoming and may take the time that indicates it may make another move where it can touch to the 26 once again. That will be an excellent opportunity to enter into a bullish trade. On the other side, if today's candle closes above the last day candle close, it will be a good signal for immediate entry. Risk / Reward and Holding Period The only risk is BTC visit to $30K; If it happens, it might visit the $21 area. I suggest planning DCA at $21 if it visits this level. The downside risk is very limited, and I suggest holding it for the next two quarters. The TP one is ATH, and TP2/2022 target is $75. It is not financial advice; always do your research. Please, feel free to ask your question; write it in the comments below, and I will answer.
Long
by Booming-Crypto-Ideas
1
ATOM Cosmos: 1D Chart ReviewHello friends, today you can review the technical analysis idea on a 1D linear scale chart for Cosmos (ATOMUSD). The chart is self-explanatory. Cosmos price is at the edge of an Arc Formation as well as around the 200D simple moving average. The RSI and MFI is at or near the support line. The last three daily candles look like Three Black Crows Pattern (bearish). Though price has potential to bounce back up, there is an upcoming red Ichimoku Cloud resistance as well as the overall crypto market downturn led by Bitcoin. If price falls below the 200 MA and outside the Arc Formation, expect a potential strong support at the multi-month support line. Included in the chart: Trend line, Support and Resistance Lines, RSI, MFI (Money Flow Index), Ichimoku Cloud, 200 day simple moving average. If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below. Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis. Don't trade based on my advice. Do your own research! #cryptopickk
COINBASE:ATOMUSD
by MillionaireEconomics
6
ATOM's Movement scenarios In The Next Few DaysHi every one COSMOS / TETHERUS ATOM is in a Broadening wedge. The Price is gonna range In this Pattern For Now Since There are no Clue of a Break out or Sign of It. So right Now The Price is at The Top of The wedge But It shall Start To Decrease Soon. ATOM has Not been Able To Break It's ATH 3 Times in a Row(Around 44$) So The Odds of Doing It for The 4th Time Is Pretty low. In The Best Possible Scenario It would Decrease to The Drawn Support Zone and Then It would Start To Increase Again. Even a Break out Might Happen & we would See ATOM above 44$! This is only an idea and not a financial advise ( NFA )🔴 💎Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad. Thank you for seeing idea . Have a nice day and Good luck
by CobraVanguard
5