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Cosmos

$ATOMCosmos, a decentralized, peer-to-peer network that enables data exchanges between blockchains, was the front runner, as its atom token gained 23% on Thursday to stand at $40.38 at 06:13 a.m. ET. ATOM was one of the biggest gainers in the overall cryptocurrency market strengthening by nearly 24% as investors cheered the news of China’s Evergrande committing to pay off its debt, and enjoying the support of interesting fundamental developments. At the time of writing, ATOM/USD is trading around $39.82. One of the key factors driving up the price of ATOM is the increased trading activity among investors. There’s a steady uptick in Cosmos’s trading volume over the past one month and a corresponding increase in its price, barring the slight dip earlier this week when the overall mood in the crypto market had turned bearish. For me, I’ve personally been piling in quite a lot of cash over the past couple weeks. When we move from the fundamentals to the technical side of things you can see ATOM has formed a huge cup on the daily with price recently break above all time highs and then retest price to see if previous highs will act as support. This is something you should keep on your watchlist. I’m bullish. - Factor Four
Long
by TheBlankFund
2
ATOM - 12h - How much can you grow?Today we will talk about ATOM, one of the most stable cryptocurrencies in the long term. Will the ATOM price be able to gain a foothold above the previous all-time high? What are the prospects for continued growth from current prices? Why is there a very high chance of a collaps e of the ATOM market now? We will talk about all this in this idea. We'll start with the weekly ATOM chart. On it, you can see a clear growth trend that buyers organized from March 20, 2020. Pay attention to the local highs of this growth channel. Of course, the way the ATOM market reversed was different. When the cryptocurrency market was weaker, the reversal was sharp. In the case of insane market growth in early 2021, the market reversal lasted a little longer and was implemented through an ATOM sell-off in consolidation at the highs. However, the common feature of each ATOM reversal is the highest trading volumes at the local highs. If you pay attention to the current weekly candles, you can see the largest trading volumes in the history of ATOM. At the same time, the price renewed its maximum and stopped. If you go down to a smaller timeframe , you can see a local pivot point for buyers, from which you can plan to continue the local growth wave: We have highlighted the $32.57 mark on the chart. Please note that this mark was first broken up by buyers on large volumes. Now all attempts of sellers to regain this mark under their control end in false breakouts. Therefore, for the local continuation of the growth of the ATOM price without stopping in time, buyers should hold this mark in the event of a potential downward wave. In this case, after a short consolidation, we will expect the ATOM to continue to grow with a target of $59. If the level of $32.57 is broken downwards, the last chance of buyers to continue growth will be in the range of $27-28 . However, in this case, buyers will show weakness, allowing a deep correction at the highs with large volumes. In this case, we would wait for a local price bounce upwards and close our positions. The fact that a reversal process may begin on the ATOM market is also evidenced by the chart of the ATOMBTC pair. Please note that the breakout of the black channel, in which the ATOMBTC price was trading from September 2019, took place on large volumes. However, it’s not easy for buyers to keep pushing the price up. In this case, we expect a minimum correction in the range of 0.000667-0.0007. In this case, it will be possible to talk about the acceleration of the trend. In the meantime, it is worth letting ATOM calm down a little and feel the foundation under your feet.
by P_S_trade
50
Loosing the 21 Weekly average would be catastrophic globalyJust point out the basic TA on S&P, I know the FED can always say they will print more money but consider that: 1) We never lost that channel since covid 2) Just like 2008 with the US, China have a huge Real State debt that they have to deal with. 3)US is at the highest debt in history by far, even if they don´t stop the printing and low interest rates big players could leave the market anyways. If they do though, we are definitely F***CKED. My advise: Stay out of all markets, open some small shorts (less than 5%) and watch from the outside.
SP:SPXShort
by ViniciusBaccelli
Cosmos (ATOM) - September 16Hello? Welcome, traders. By "following", you can always get new information quickly. Please also click "Like". Have a nice day. ------------------------------------- (ATOMUSD 1W Chart) If the price holds above the 8.9843770-10.6181781 range, we expect the uptrend to continue. In particular, if the price is maintained above the high point of 17.6656889, it is expected to create a new wave. (1D chart) If the price is maintained in the range of 32.82772488-36.7282127, it is expected that the uptrend will continue. If it goes down, you should check to see if it finds support at the 30.8767670-32.82772488 zone. ------------------------------------- (ATOMBTC 1W chart) If the price holds above the 0.0003152-0.0003749 range, we expect the uptrend to continue. In particular, if the price is maintained above the 0.0005845-0.0007650 range, it is expected to create a new wave. (1D chart) If the price is maintained in the critical range of 0.0005845-0.0007650, the uptrend is expected to continue. If you fall from the 0.0005845 point, you can touch near the 0.0004898 point, so you need a short stop loss. ------------------------------------------ We recommend that you trade with your average unit price. This is because, if the price is below your average unit price, whether it is in an uptrend or in a downtrend, there is a high possibility that you will not be able to get a big profit due to the psychological burden. The center of all trading starts with the average unit price at which you start trading. If you ignore this, you may be trading in the wrong direction. Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, ultimately allowing the funds corresponding to the profits to regenerate themselves. ------------------------------------------------------------ ----------------------------------------------------- ** All indicators are lagging indicators. Therefore, it is important to be aware that the indicator moves accordingly as price and volume move. However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator. ** The MRHAB-O and MRHAB-B indicators used in the chart are indicators of our channel that have not been released yet. (Since it was not disclosed, you can use this chart without any restrictions by sharing this chart and copying and pasting the indicators.) ** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator. Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line) ** 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.)
BINANCE:ATOMUSD
by readCrypto
2