Cosmos
$LUNA/USDT 1h (Binance Fut.) Descending trendline break & retestterra.money is recovering pretty fast and seems to be forming a bullish flag, continuation is likely after a last dip.
At first it was only a DeFi token, now Terra has its own Ecosystem and is also part of Solana and Cosmos ones.
Current Price= 29.499
Buy Entry = 29.161 - 28.117
Take Profit= 31.473 | 34.318 | 37.732
Stop Loss= 26.363
Risk/Reward= 1:1.25 | 1:2.5 | 1:4
Expected Profit= +19.80% | +39.66% | +63.50%
Possible Loss= -15.90%
Fib. Retracement= 0.786 | 0.947 | 1.272
Margin Leverage= 2x
Estimated Gain-time= 5 days
ATOM attracting BULLS 🐃Hi everyone,
wish y'all have a profitable lifestyle 🍀
📌 ATOM/USDT LOOKS BULLISH
📍As you may already know I have great passion for E-Wave and combining it with other trading material and strategies as ichi-moku and price action.
📍 From E-wave point of view, I see many confirmation for another bullish cycle, however exactly at this price zone, which is also on the middle-line of the pitchfork, we may have a 5 wave 0.23 Fibbo level.
⚠️ So, I give this currency a time till 04.Spetember so it may react to my ichi-moku time zone. If, ATOM/USDT has started to have a sharp downfall, I will be looking for several more confirmation, but if it has a slight correction I will look forward to enter.
📍 What is looking super delicious is the 3rd E-wave which has a long way to go.
⚠️ However. like any other strategies in the market the E-wave can also be failed either, so we cannot completely rely on it. With breaking the previous levels (which I do not personally think about that ) the whole analysis needs a further update
THIS IS NOT A FINANCIAL ADVICE
PLEASE MAKE DECISIONS BASED ON YOUR OWN AND DO NOT TRADE OR MAKE ANY LONG AND OR SELL POSITION CONSIDERING ONLY MY ANALYSIS
ATOM approaching critical resistanceat final boss levels on both USD and BTC pairings. Might have a little more juice in the tank but expecting this to come down soon. That said, it's L1 season which could mean price discovery soon. Probably better to play this cautiously though and wait for a clean break and SR flip of the purple line.
Cosmos - The sleeping ATOM bombATOMUSDT had a very nice pullback back to the previous ATHs and has now reclaimed a key support level. Support turned into resistance and back into support. When Cosmos launched it had a nice big correction vs USD & BTC which was needed as the project launched with a huge ROI as it was at least 2 years in the making while many other projects launched much sooner. That meant there was a lot of potential selling pressure, but now that seems to be gone.
Not only that, but ATOMBTC is looking like a huge accumulation and ATOM is one of the few high profile and important projects out there that haven't had a big pump yet. In my opinion that time is coming or is already here.
Initially I'd expect it to find some resistance near its ATHs and then slowly break them and go significantly higher.
Update For ATOM/USDT Analysis
WELCOME TO ANOTHER UPDATE FOR COSMOS
The Internet of Blockchains.
Cosmos is an ever-expanding ecosystem of interconnected apps and services, built for a decentralized future.
👉 Although According to previous analysis for , ATOM/USD (below) ; All targets were hit.(like a sniper 🎯🎯🎯)
(TARGET 4) max gain ✅ 587% 💰💰💰💰💰
But I'm still very bullish on atom, yet I can see new target for it.
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✅TECHNICAL ANALYSIS
As you can see in the weekly time frame for ATOM/USDT, the price is trading around 19.5 $ .
At first glance at the cosmos chart; Take me to remember the analyze of BNB/USDT chart on Nov 29, 2020, before its explosive growth.
Although the situation is different now than it was then, there is no stronge reason why it should not happen exactly the same way, but technically and fundamentally it allows us to hope for it with risk management and a longer-term perspective.
With the formation of higher highs and higher lows, the atom/usdt is in compression, and can explode.
Recently after growing by about 100% in the last 2 weeks, it reacts to local resistance and can
Correct to near first green support at $ 16 or even lower supports.
But if it rise, if it could be able to reach above $ 22 again and stabilize and close above it for a few weeks, it can reach its targets Respectively.
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💥(Anyway, my constant suggestion to my dear community is to buy step by step ( in a few steps) , With considering risk management , Because this crazy market is very volatile , and you have never seen in any other markets .)
💫(also Following security measures is vital in cryptocurrency trading. Always remember that $100 worth of a token may become a fortune someday. So treat every penny with respect.)
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👉This analysis is my personal opinion and you are responsible for your own trades or invests.💯
🙏with Best Regards and successful trades❤️
💜 if you like my analysis, give a big thumbs 👍 and drop a comment
Atom gonna hit hard to the resistance levelAtom currently trading at 22.20. Grab this beast for atleast 5% Profit till to its previoous high ( resitance zone) marked in the chart. also the atr based indicator gonna flash buy signal and most importantly the price is above the 200 ema and rsi is avobe the 50 level. Grab it with low risk.
Stoploss : not required!
ATOM 1D Correction is over, is it time to grow?The last time we published an idea for ATOMUSDT was 6 months ago.
In this idea, we wrote about the target of $31.50 and then at least 50% fall to $15
In fact, we received $32.32 and then dropped by 76% to $7.83
Nevertheless, ATOMUSD keeps the price in the growth channel , which we drew in the previous idea. The ATOM price has been moving and growing by the channel since March 2020.
Now looks like that the price of ATOMUSDT wants to grow, confirmation of the strength of buyers will be rising and consolidate above $15.5. In this case, the growth can achieve to the $19.60-23.70 zone , and you can safely focus on the higher goal.
The chart will signal the weakness of buyers, and, accordingly, the continuation of the downward fall if the ATOMUSD price fixes below $10 . In this case, you will need to think about what to place buy orders from the levels of $6 and $4.40.
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#COS/BTC 240%+ Potential Trade Setup!Welcome to this quick Update, everyone.
If you are reading my updates for the first time do follow me to get more complex charts in a very simplified way.
I also post altcoin setups on Spot, Margin, and Futures.
COS Broke out of the 140-day long triangle and is currently retesting the support level.
It's highly likely it can pump 50% to 120% in the mid term and even try to break it's previoous ATH with a possible pump of 240% +.
ENTRY : 33 sats to 38 sats
Targets:-
47
56
74
84
97
106
SL: 29
What's your thought on this?
Do hit the like button if you like this update and share your views in the comment section.
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Thank you
Cosmos Attempts Breakout Of Ascending Channel-ATOM is up nearly 20% on the week
-Price has been stuck in ascending channel for weeks
-50MA has been holding as support
ATOM has been attempting a breakout over the last week as many alt coins have went parabolic. BTC & ETH allowed alt coins to begin a stronger revival as they both broke out of major resistances & downtrends. The market has been rising for nearly a month straight with little correction. As BTC now seems exhausted, we may expect a retracement to come even though some alt coins have yet to make a large upward move.
For the last 3 weeks Cosmos has been respecting an ascending channel formation. Just over the past day, bulls attempted a breakout of the top trend of the channel but was rejected back in. Along with the top trend of the channel lies a resistance zone found from $16.55-$17.50. ATOM must fully break & hold this zone along with the top trend in order for a large surge to occur. In the case this does occur, expect ATOM to hit $18.51 +. This would allow for Cosmos to experience a larger scale retracement after 3 months of downtrending.
Over the past 4 days, price has refused to close a 4 hour candle below the median line of the channel. If bears push lower & ATOM does close a candle below, we can expect a drop to at minimum the bottom trend of the channel along with the major support found at $14.58. This area is also met with the 50MA which has been support for nearly 3 weeks. In the case this MA does not hold & ATOM breaks out of its ascending channel, we should expect prices to fall further to the $13.00 support level. This would likely put Cosmos into a slight bear trend.
While looking at the Stochastic RSI, we can see how it has been consolidating for almost 5 days, awaiting some type of move. This has formed a symmetrical triangle formation & a breakout to either side will trigger an explosive move. The regular RSI is also in the same spot as it has formed a near week long triangle. Once both RSI’s break to one side, we can expect price to follow suit.
ATOM Intraday Analysis
Spot rate: $16.30
Trend: Bullish
Volatility: High
Support: $15.54
Resistance: $16.54