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Cosmos

ATOM Getting Ready for a Run-Up Recently ATOM had a modest breakout as you can see in the chart. It broke out of its descending triangle structure. After that I did run up to around 43ish, stopping short at a resistance level of its previous highs at around 44. Now, in the chart you can also see that moving averages have been acting as support and resistance. For instance, the 20 day MA (yellow line) as a resistance before the aforementioned breakout. The price was touching the line and got rejected. However, recently the 20 and 50 day MA have both acted as a support level for the price. From that, I consider ATOM to still be in a bullish momentum phase. With this recent correction I used the opportunity to increase my position. I suspect a larger run-up quite soon. This is only my opinion, not financial advice. Have a good day, trade with caution! PS. I would like to hear your opinion on this in the comments
COINBASE:ATOMUSDLong
by memberis
4
ATOM long time awaited momentum here finallyCosmos/ATOM is the most undervalued platform out of the large caps. It also has the most upward potential. Many do not realize how many other coins/platforms rely on the cosmos infrastructure.. As an example, the entire binance/bnb ecosystem is built on top of atom. That is just one example, I highly suggest you check out the other coins that are built on top of atom, and the list is exhaustive and extremely impressive. This bull run I look for atom to outperform many other large-cap coins as well as take its rightful place on the charts. The fundamentals on atom are the best that I have seen in the entire crypto universe.
COINBASE:ATOMUSDLong
by tosha407
4
ATOM//USDT : Breaking out of the trendlineBINANCE:ATOMUSDT Hello everyone 😃 Before we start to discuss, I would be glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it ! #ATOM is breaking above the current bearish trendline and it's the 4th attempt to breakout. Based on 5th breakout rule, There's a possible chance for bears to decline the breakout confirmation.... So you have to for a candle clos above the trendline before any taking position ! - Also there's a sideway channel formed on LTF's charts which is #ATOM is trying to break above it too. EMA150 is supporting the channel's lower, So the bias is bullish currently and after the breakout confirmation, #ATOM have the potential to reach the last high just like #SOL. 🔴 Invalidation will be a breakdown below the sideway channel ! Hope you enjoyed the content I created, You can support us with your likes and comments ! Attention: this isn't financial advice we are just trying to help people on their own vision. Have a good day! @Helical_Trades
Long
by Helical_Trades
24
ATOM(COSMOS) to 136 $, 300% gain ahead. hey yall , as you see ATOM is making another cycle like before . a cup and handle . every time , after making the handle , it goes up to the resistance line . now it's the time ! you can see the similar patterns when making a handle in RSI as well . now how's the target 136 ? First , it's exactly on 200% Fibonacci level , second , the target for a cup and handle pattern is that the price goes up from the handle as the exact distance from the depth of the cup to the neckline . I showed it with cyan arrows . Third , it exactly fits the resistance line as well ! so the Entry zone is exactly above the handle , if it broke above the handle , then time to pump ! if you liked the idea , give it a like . and if you wanna see more of these , follow , heck of analysis are on the way ! also tell me your opinions on this idea in the comments . Good luck .
by ArminChiani
4