ATOM broke out resistance#ATOMUSD broke out from descending resistance in 4h chart. it is possible to touch $24 and $26 . and i think price will go up toward $36 or even $40. so buy and #hodl
Cosmos
ATOM/USDTBull trend based on Elliot wave theory and Fibonacci Retracement. Based on the beginning of the rally in early February, 2021.
$ATOM 4HR Long $ATOM is looking good for a breakout on the 4HR chart, price is right at the descending trendline resistance & RSI has already had a breakout & retest which has proven as a leading indicator with $DOT & $ALGO trades made within the past 24 hours, these had the exact same technical setup & have seen +20% moves.
ATOM dropping.1. Will most likely see a re-test of the $15.3 resistance/support level which I expect to break.
2. Next support to test is $12.7. If this support breaks expect a re-test of $10.5.
3. If the $10.5 support breaks I expect price to rattle around $8.5 to $10.5 before beginning next impulse wave.
My thoughts on Cosmos ATOM:
Total supply 260,906,513. APY for staking coins has fluctuated quiet a bit, could be related to the $10+ change fluctuation in price. Scalability and the recent Stargate upgrade are making some news. I will continue to hold a small amount long term.
Cosmos (ATOM) - February 24Hello?
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You should watch for any movement that deviates from the 16.902-25.240 section.
In particular, we have to see if it can rise above the 21.071 point.
If it falls between 15.512-16.902, a short stop loss is required.
The next volatility period is around March 9.
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** 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.
Hence, 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 from 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 or 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: Closed price
G2: Market price at the time of opening
(Example) Gap (G1-G2)
See You in The CosmosATOM seems to be helding on against BTC and this recent BTC pullback might have created a new opportunity for longs.
Previous support levels are helding nicely even with all the blood on BTC and this level also matches with the Yearly Pivot.
Close to a golden cross of the 50/200 EMA
On the Ichimoku Cloud all signs are bullish, we might just had a bullish kijun bounce. Lagging span still inside cloud but everything else looks good.
It's a great buy opportunity in ATOMBTC @cosmos @Bitcoin Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.00035). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. ATOMBTC Cosmos Bitcoin is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 57.
Take Profits:
TP1= @ 0.000395
TP2= @ 0.000415
TP3= @ 0.000440
TP4= @ 0.000484
TP5= @ 0.000545
SL= Break below S2
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It's a great buy opportunity in ATOMBTC @cosmos @Bitcoin Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.00035). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. ATOMBTC Cosmos Bitcoin is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 57.
Take Profits:
TP1= @ 0.000395
TP2= @ 0.000415
TP3= @ 0.000440
TP4= @ 0.000484
TP5= @ 0.000545
SL= Break below S2
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. . . . . Please show your support back,
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Possible Bull flag at 1D TF of $ATOM?Possible Bull Flag is currently developing in 1D TF of $ATOM...
if supports at $13 - $10 will break could be invalid...
Just a chart idea...
Trade at your own risk :)
ATOM - Long Term Strategy - Entry Now
ATOM chart updated to reflect last night's flash crash. Ascending channel more wide.
Cosmos is recovering a bit faster than other alts. At the time of this posting, it has recovered +25% from bottom wick while many are still in double digit red.
Support/Resistance should be at these levels: 20.2, 21.5, 22.7, 24.2.
Break and 2H candle close above 24.2 should allow price action to make another attempt at ATH. I'd love to see it hit 30 or 40 by early March.
As said in previous ATOM chart, these are great levels for entries.
🆓Cosmos/USDT Analysis (22/2) #ATOM $ATOMATOM corrected 30% from the peak and at 20$ round-number zone is a good opportunity for ATOM to rebound to conquer the strong price zones at $23 and $26 to strongly rise to $34 zone.
However, ATOM can continue to fall to $18 zone when it fails at $18 and $26 price zones so watch out for those price zones.
📅NEWS
👉Feb 28 : Cosmos Hub Launch of IBC
📈BUY
-Buy: 19.5-20.5$. SL B
-Buy: 17.5-18.5$. SL B
-Buy: 25.5-26.5$. SL B
📉SELL
-Sell: 22.5-23.5$. SL A
-Sell: 25.5-26.5$. SL A
-Sell: 33.5-34.5$. SL A
♻️BACK-UP
-Sell: 17.5-18.5$ if B.SL A
-Buy: 13.5-14.5$. SL B
❓Details
Condition A : "If 8H candle closes ABOVE this zone"
Condition B : "If 8H candle closes BELOW this zone"
ATOM/USD Potential Short-Term ScenarioATOM/USD looks ready to make another attempt at breaking $10 sometime this week. Convincing bounce off 20 MA, bullish divergence on OBV, price appears to be moving in a tight channel. $ATOM needs to turn $9 into support prior to retesting $10.
Cosmos ATOM Prepare For SellOffThe crypto market is living its last bubble days.
The prices do not reflect any fundamentals.
Cryptos are pure retail investments gambling at this point.
Cosmos ATOM Market Cap $4,549,314,695
vs
Biggest German Bank, Deutsche Bank 23.864B Market Cap
Moderna - saves the world from Covid-19 - 69.146B Market Cap
Ebay - Market Cap 42.174B
FORD - 42.174B MARKET CAP
When you buy stocks of a company you own a part of it, you have the right to vote changes in the company and you receive dividends.
When you buy crypto you own nothing! You buy thinking that at some point another person will be willing to pay more than you on that piece of nothing.
If you want to own the BUY and SELL indicator in the chart, that can prevent you from the big crypto selloff, just leave me a message for a 7 day trial.
ATOM - Ascending ChannelAssuming trend continues for COINBASE:ATOMUSD .
Great entry before next push to the upside. Possible +65% return on hold.
* Below 200 MA on the 1H time frame; great entry price!
* Above 200 MA on the 2H chart for support.
* Above 120 MA on the 2H chart for support.
* Trading inside ascending channel since beginning of Feb 2021.
* After hitting next target high, may crash as low as $25.29. Labeled on chart.
* Measured Support/Resistance at:
- 21.82
- 22.86
- 23.59
- 24.32
- 25.23
I'm still very bullish on ATOM. It didn't get a strong push to the upside after Stargate upgrade as expected but the possibility is still there. When comparing market cap to BINANCE:DOTUSD , I believe ATOM is still very undervalued. This is one to watch out for and now may be our last chance for entries below $22. It' does not pump and dump like the other alt coins. The slow and steady growth is great for long term. The consistent price action inside ascending channel is undeniable.
Good luck trading!
💡 Don't miss the great buy opportunity in ATOM/USDTTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (20.9). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. ATOMUSDT COSMOS/USDTis in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 44.
Take Profits:
TP1= @ 22.93
TP2= @ 23.65
TP3= @ 25.15
TP4= @ 26.50
TP5= @ 29.05
SL= Break below S2
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💡 Don't miss the great buy opportunity in ATOM/USDTTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (20.9). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. ATOMUSDT COSMOS/USDTis in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 44.
Take Profits:
TP1= @ 22.93
TP2= @ 23.65
TP3= @ 25.15
TP4= @ 26.50
TP5= @ 29.05
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex trader ?
Now, It's your turn !
Be sure to leave a comment let us know how do you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
$ATOMUSD - Stargate is hereHello everyone!
The launch of Stargate in Cosmos network is a big step for Cosmos and a large step for the human kind I believe.
With that news backing the breakout from the triangle Atom has all chances to jump to $27 and $28
