Get started

Cosmos

Can LINK/BAND predict BAND dips, then uptrend?Recently it was brought to my attention how well LINK and BAND have come to be closely been correlated over the past few months). However, I have begun to notice an interesting wedge that has some particular peculiarities. For those who have not heard of LINK and BAND, Chainlink (LINK) and the Band Protocol (BAND) were both created in 2017 and are the two of the most well-known blockchain based oracle providers. For those who do not know what a "blockchain based oracle provider" is, it is roughly a means for cryptocurrency smart contracts to come to consensus in order to securely use reliable external data via APIs (I recommend a quick google search for a more thorough explanation). Chainlink was the first major oracle network to launch and is more widely used, but Band Protocol is the second largest and has branded itself as a cheaper, faster competitor in this space. As for the chart, as one can see, when one charts out LINKUSD / BANDUSD , an interesting wedge appears to have formed. Of particular interest, whenever the price of LINK has extended upward out of the wedge in this relationship (particularly during downtrends for bitcoin ), it has often indicated a dip in BAND that later triggers a reversal uptrend. As to whether this relationship continues is anyone's guess. I should especially note that since this pattern has also formed an ascending triangle , there is also the possibility that LINK might be "winning" in this relationship and this is indeed a breakout. This could hold especially true as well since Chainlink is built upon the Ethereum blockchain (ETH) which has recently been seeing historical highs, whereas Band Protocol is built on top of the Cosmos blockchain (ATOM). Hence, there is a good possibility as well that this "BAND trend" may be coming to an end. As always, this is solely my opinion and not at all meant as financial advice, but an interesting pattern nonetheless so please like or comment if you agree or have any opinions/facts that differ from the above.
BINANCE:LINKUSDLong
by crypto_trends
10
ATOMUSD More consolidation ahead. Scalp opportunity.Cosmos has been consolidating since the February 15 top. There is still room for more sideways movement within the green zone as it happened during the last consolidation phase from September to December 2020. When the price hit the 1D MA200 (orange trend-line), it started making Higher Highs again. You have the time for sideways profit until a 1D MA200 takes place, which could skyrocket ATOM towards the 3.0 Fibonacci Channel extension level. ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** -------------------------------------------------------------------------------------------------------- !! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !! 🎉 👍 Shout-out to TradingShot's 💰 top TradingView Coin donor 💰 this week ==> EBITDAtiger --------------------------------------------------------------------------------------------------------
BINANCE:ATOMUSD
by TradingShot
8
Cosmos (ATOM) - April 28Hello? Dear traders, nice to meet you. By "following" you can always get new information quickly. Please also click "Like". Have a good day. ---------------------------------- (ATOMUSD 1D chart) We have to see if we can get support at 22.4898596 and rise above 25.0253213. If it falls at 17.2333938, a Stop Loss is needed to preserve profit and loss. The next volatility period is around May 8. ----------------------------------- (ATOMBTC 1W chart) (1D chart) At the 4184 Satoshi point, it remains to be seen if it can rise along the uptrend line. -------------------------------------- It is advisable to trade at your average unit price. This is because if the price flows below your average unit price, which was on an uptrend or downtrend, there is a high possibility that you will not be able to earn a large profit due to the psychological burden. The center of every trade starts with the average unit price 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, so that the money that ultimately corresponds to the profit can regenerate the profit. -------------------------------------------------- ------------------------------------------- ** All indicators are lagging indicators. So, it's important to be aware that the indicator moves accordingly with the movement of price and volume. Just for the sake of convenience, we are talking upside down for interpretation of the indicators. ** The wRSI_SR indicator is an indicator created by adding settings and options from the existing Stochastic RSI indicator. Therefore, the interpretation is the same as the conventional 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 that oh92 disclosed. (Thank you for this.) ** Check support, resistance, and abbreviation points. ** Support or resistance is based on the closing price of the 1D chart. ** All explanations are for reference only and do not guarantee profit or loss on investment. Explanation of abbreviations displayed on the chart R: A point or section of resistance that requires a response to preserve profits S-L: Stop Loss point or section S: A point or segment that can be bought for profit generation as a support point or segment (Short-term Stop Loss can be said to be a point where profits and losses can be preserved or additionally entered through installment transactions. It is a short-term investment perspective.) GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they do not trade 24 hours a day. G1: Closing price when closed G2: Market price at the time of opening (Example) Gap (G1-G2)
BINANCE:ATOMUSD
by readCrypto
2
#COSMOS #ATOM possible targets for 2021#COSMOS #ATOM possible targets for 2021 TARGET1: 46$ TARGET2: 60$ TARGET3: 98$ TARGET4: 135$ STOP LOSS: 14$ In the event of a break of the $ 28 resistance range, due to the price movement channel expansion system, we expect the first step to climb to the $ 46 range. With the failure of the midline of the long-term channel (white line) and its expansion, the next targets are estimated, using the Fibonacci cluster ranges to determine the next targets.
Long
by KhaniTechnical
4
Anytime Moon for CosmosThere are now hundreds of different blockchain networks in existence, but very few of them can communicate with each other. Cosmos is a project aiming to solve this problem of interloperability between blockchains. The Cosmos team finally launched their much awaited Inter Blockchain Communication (IBC) protocol on 29 March of this year. IBC is essentially a communication protocol that permits blockchains to connect to one another. The blockchains that are IBC compatible can transfer their tokens to the Cosmos hub as well as allow ATOM to be transferred to these other blockchains. ATOM is the native currency of the Cosmos ecosystem. Cosmos has been working on making its infrastructure uncomplicated to use. To achieve this, the Cosmos software development kit focuses on modularity. This allows a network to be easily built using chunks of code already in existence. The aim is to be the most trusted intermediary. The founders of ATOM created Cosmos SDK and Tendermint BFT. Cosmos SDK helps in blockchain development by providing a modular toolkit for building base infrastructure and Tendermint is one of the modules enabling secure communication between blockchains. There could be increased demand on the horizon to use the IBC protocol especially for all of those networks that have built with the Cosmos SDK or use the Tendermint Consensus Protocol including Crypto.com, Terra, Kava, Band Protocol, Injective Protocol and last but not least the Binance Smart Chain. Furthermore Cosmos has built a link between Ethereum and the Cosmos ecosystem via their Ethereum 'Peg Zone'. This development will see the seamless transfer of ERC20 tokens and Ethereum between the Ethereum chain and all of the above mentioned IBC connected networks. Cosmos is a relatively undervalued Ethereum 2.0 diversification hedge. The project is ranked #31 in market capitalization. According to Coinmarketcap: Circulating Supply 210,716,506 ATOM / Total Supply 268,501,109 ATOM / Max Supply No Data. The price of ATOM exploded in January of this year and hit an all time high of $28.32 (CoinGecko) on 15 April. We have seen a 28% fall from space in the price since then and ATOM is trading at $20.41 today. ATOM is camped at a flattening 50 SMA but a rising 100 SMA offers more support at $17.21. I took a position on 15 March at $19.39. You can stake your ATOM for a generous 9.88% APY. This can be done directly on Exodus Wallet. ATOM can be purchased on Coinbase PRO, Binance etc www.coingecko.com This may be a good time to dip your pluto in the water.
KRAKEN:ATOMUSDLong
by rzinho
1
Cosmos (ATOM) - April 19Hello? Dear traders, nice to meet you. By "following" you can always get new information quickly. Please also click "Like". Have a good day. ---------------------------------- (ATOMUSD 1W chart) (1D chart) It remains to be seen if it can rise above the 22.4898596 point by following the uptrend line. If it declines at 17.2233938, a Stop Loss is needed to preserve profit and loss. ------------------------------------ (ATOMBTC 1D chart) We have to see if we can get support from the 3882 Satoshi-4184 Satoshi section and get off the downtrend line. 3276 If you fall at Satoshi, you need Stop Loss to preserve profit and loss. -------------------------------------------------- ------------------------------------------- ** All indicators are lagging indicators. So, it's important to be aware that the indicator moves accordingly with the movement of price and volume. Just for convenience, we are talking upside down for interpretation of the indicators. ** The wRSI_SR indicator is an indicator created by adding settings and options from the existing Stochastic RSI indicator. Therefore, the interpretation is the same as the conventional 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 that oh92 disclosed. (Thank you for this.) ** Check support, resistance, and abbreviation points. ** Support or resistance is based on the closing price of the 1D chart. ** All explanations are for reference only and do not guarantee profit or loss on investment. Explanation of abbreviations displayed on the chart R: A point or section of resistance that requires a response to preserve profits S-L: Stop Loss point or section S: A point or segment that can be bought for profit generation as a support point or segment (Short-term Stop Loss can be said to be a point where profits and losses can be preserved or additionally entered through installment transactions. It is a short-term investment perspective.) GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they do not trade 24 hours a day. G1: Closing price when closed G2: Cigar at the time of opening (Example) Gap (G1-G2)
BINANCE:ATOMUSD
by readCrypto
Bullish on ATOM / BTC +12%Cosmos token ATOM saw a lot of volatility over the past month and recently posted strong gains in USD terms. Yet in BTC terms the price is well below the February high. And ATOM / BTC is now nearly 50% below the August high. The recent positive news flow could spur even more price action so we’ve posted the following question to Hybrid Intelligence: “The cryptocurrency Cosmos (ATOM/BTC) settled at 0.0004198 BTC at 09:47 AM UTC at the binance exchange on Friday, April 16. In your opinion, will ATOM/BTC trade above 0.0004740 BTC (+12.90%) at any time before April 26?” ------------------------------------- Assurance: 83% That’s a bullish indicator. At least in the mid term ATOM looks like a nice pick for a long position.
Long
by Cindicator