Cosmos
ATOM SKYROCKETING BACK to NOVEMBER LEVELS.The Cosmos coin has been very strong in recent days, considering the overall weakness of the market.
Investors are increasingly eager to invest in this project, which helps connect data from different blockchains, and thus is critical for further adoption.
On a technical standpoint, it has still 25% left to make a new ATH. A lot of supply on the way which might hinder for some time a new uptrend.
Let me know your thoughts.
Thank you and good trading!
ATOM - perfect trade setupIn previous analysis (link bellow) my short and then long trade turned out very accurate (although I didn't take short trade).
Short from 32$ to support and then long from that support to 40$ is still in play.
Price dropped a little bit more then I expected, but still great short and long trade could have been caught.
Now I'm looking for retrace from 36$ (predicted resistance) to retest upper trendline and then further bullish price action to the last trendline before new ATH.
Note: I'm holding ATOM for longer term run, this is just a trade on futures market.
Previous analysis:
Luna needs an extreme correction or will skyrocket at the 3rd?since I believe in this project I can't believe the slide till $7! this 1st wave will have an infinity 3rd wave beyond the crab pattern target.
crab harmonic pattern:
X=$12.7
AB=0.38 XA
BC=0.38 AB
1.6 BC=$1.14
2 BC=$1.62
2.24 BC=$2
2.6 BC=$2.85
0.78 XA=$4.5
3.6 BC=$7.1
0.88 XA=$7.34
4.23 BC=$12.46
1.13 XA=$23.73
1.27 XA=$47
1.41 XA=$91.22
6.85 BC=$135
1.6 XA=$248
ATOMUSDTI am sharing support and resistance for $ATOM/USDT.
You are smart enough to play this setup with a tight SL be it long or short.
Plus as I can see on 4hr there is a continuation of hidden bearish divergence on RSI which is a matter of concern. Personally I will wait for it to confirm support by daily closing above the important support zone I marked for further upside.
#DYOR
COSMOS Daily TA : 12.30.21 : $ATOMAll supports and resistances are marked on the chart. As we can see, the price is in an important range and recommended to keep an eye on it ...
Follow our other analysis & Feel free to ask any questions you have, we are here to help.
⚠️ This Analysis will be updated ...
👤 Arman Shaban : @ArmanShabanTrading
📅 30.DEC.2021
⚠️(DYOR)
❤️ If you apperciate my work , Please like and comment , It Keeps me motivated to do better ❤️
CONTENTOS 12H TA : 12.30.21 : $COSAll supports and resistances are marked on the chart. As we can see, the price is in an important range and recommended to keep an eye on it ...
Follow our other analysis & Feel free to ask any questions you have, we are here to help.
⚠️ This Analysis will be updated ...
👤 Arman Shaban : @ArmanShabanTrading
📅 30.DEC.2021
⚠️(DYOR)
❤️ If you apperciate my work , Please like and comment , It Keeps me motivated to do better ❤️
ATOM - one of the rare coins that didn't dump todayCosmos bills itself as a project that solves some of the “hardest problems” facing the blockchain industry. It aims to offer an antidote to “slow, expensive, unscalable and environmentally harmful” proof-of-work protocols, like those used by Bitcoin, by offering an ecosystem of connected blockchains.
Today when almost all markets are in red, ATOM and few other are in green.
A lot of people predict that it will follow SOL and AVAX trajectory.
As we can see on chart ATOM find support at important 26$ level which is in correlation with Anchored VWAP.
Also notice bullish divergence on RSI which indicate that bulls are stepping in at this price level.
Right now we are at resistance inside of bullish flag and if we manage to turn in into support I believe we could soon test 40$ level (upper boundary).
If SOL/AVAX prediction come true 5-7x from current levels seems as reasonable target!
Notice that ATOM/BTC chart also look very good.
Cosmos (ATOM) broke well respected MA Ribbon..Cosmos (ATOM) broke well respected MA Ribbon..
A conformation also given by the breakout on RSI short-term resistance.
What do you think? 😎
Drop me a nice comment if you'd like me to analyze any other cryptocurrency or do another comparison.
*not financial advice
do your own research before investing
ATOMUSD eyes at least $60Cosmos is on a strong weekly rise that brought it above its 1D MA50 (blue trend-line) again. The important level to watch is the 1D MA100 (green trend-line). The reason is the following:
Every time ATOMUSD broke above its 1D MA100 following a 1D MA50/ MA100 Bearish Cross, a rally started to at least the next +0.5 Fibonacci extension. Right now the price is approaching its 1D MA100, having already made a 1D MA50/ MA100 Bearish Cross. The Bearish Cross can claim that it is a bottom indicator itself, but perhaps even more accurate on forecasting that is the CCI (on 1D) which indicates a bottom every time it completes 3 Higher Lows below the -100.00 level. Having made its second Higher Lows this month, we can argue that one last dip is possible, before Cosmos rises to the next +0.5 Fib extension, which would be 4.0. Our long-term target on that is $60.00.
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ATOM BTC COSMOSCHALLENGE:
Post a better chart.
I am interested by the green lines and I have to see how the price develops on these lines on shorter timeframes.
The green box would be a real and Christmas present.
Red box flipping is for me the first signal for bull momentum to resume. Red line flipping and I'm going really big long on this one.