Cosmos
ATOM BTC is Trading on September 2019 Levels. Reversal SignalsBINANCE:ATOMBTC is now trading at Sept 2019 levels from where it bounced like a rocket last year. Scroll left and see the highlighted box.
Its already done with retracement and currently moving from V bottom inside the channel its an LTF chart we will keep looking at it because it will soon be bullish.
Indicators:
TK Cross took place, Rsi is turning bullish and Volume is increasing.
Ema 20, 50 crossover is almost near.
Happy trading.
Cosmos (ATOM) - December 31Hello?
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You need to make sure you can get support at point 5.314.
You'll also need to climb above the 5.443 point to see if you can get support.
We have to see if we can create a big wave by stocking up force while moving sideways in the 4.684-5.443 section.
If it falls at 5.314, it is a short-term Stop Loss.
It remains to be seen where the volatility around January 8 has given support and resistance.
If it is supported at 5.443, it is expected to rise above 6.604.
If it falls at 4.684 point, you need Stop Loss to preserve profit or loss.
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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)
** 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)
Cosmos (ATOM) - December 20Hello?
Dear traders, nice to meet you.
"Like" is a huge force for me.
By "following" you can always get new information quickly.
Thank you for always supporting me.
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We need to see if there can be any movement outside the box section of 4.684-5.443.
If it falls at 4.684 point, you need Stop Loss to preserve profit and loss.
If you break above the 5.443 point, you'll have to see if you can climb above the 6.604 point.
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** All indicators are lagging indicators.
So, it's important to know 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.
** 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 trading. You should trade from a short-term investment perspective.)
$ATOM/USDT 6h (Binance Futures) Ascending triangle breakout#Cosmos just broke out the triangle and is retesting it right now, good place for a swing!
Current Price= 5.438
Buy Entry= 5.430 - 5.302
Take Profit= 5.633 | 5.988 | 6.478
Stop Loss= 5.099
Risk/Reward= 1:1 | 1:2.33 | 1:4.16
Expected Profit= +9.96% | +23.18% | +41.44%
Possible Loss= -9.96%
Fib. Retracement= 0.618 | 0.786 | 1
Margin Leverage= 2x
Estimated Gain-time= 360h
ATOM 1D A strong impulse will be soonThe previous idea published 2 months ago, worked out well directly to our target.
A low was $4.20 with the forecasted fall of ATOMUSDT from $5.70 to the range of $4.30-4.40. And this is -25%.
It's time to update the $ATOM picture and refresh our thoughts.
Now there is a consolidation before a further strong impulse.
The trading delta suggests that there is more sales in consolidation than purchase s. As a result, the ATOM price fall is more likely.
Buyers will struggle to defend $4.50-4.70 because there is no liquidity below this range to slow down the price down. If sellers break the defense, the downside impulse will be strong.
The first level from which more or less decent bounce can be expected will be $3.31.
If Bitcoin can update ATH and definitely fix there, then it could give confidence to altcoins buyers.
Then the battles between ATOM buyers and sellers will move to the zone of $6.
The winner will get everything: either a $7.30 flight or a strong and prolonged fall.
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Since 2016, we have been analyzing and trading the cryptocurrency market.
We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer - help us to be happier :)
Cosmos ( ATOM )/USDT Bullas are back, buying dips target 6+USDTHello,
the bulls manage to come back above 4.85 / 5.05, a zone that will technically be an important support for the moment.
Considering the positive behavior of the entire crypto market, longs on this pair have a chance of a very favorable RR.
Buying dips around 5 USDT, again around 4.85
Stop below 4.77
First target 5.65 / 75
Second target 6.20 / 30
Good luck
ATOM / BTC Main trend. U-turn zone. My trade for a yearOne of the cryptocurrencies I call it is not a scam. Found this crypto nugget a little less than a year ago. All major price movements were taken at 70-80%. This can be seen in previous trading ideas posted on this site.
Also, this coin allows you to work thanks to margin trading in two directions. Other advantages of this coin and the pair in question are ideal technical price movements. The dynamics of price movements is comparable only to Litecoin. A very technical coin. Suitable for positional trading and accumulation of a large position.
At the moment, the "head and shoulders" model has been completely worked out; the price has reached the stop level that I indicated earlier. Potential reversal area. Take your time to enter. Because now is a situation of uncertainty. Enter a trend that will develop. Better to enter the market a little later, but with more confidence. Entering now is like playing in a casino. You may or may not be guessing. But to build a chart for the future, it would be more rational for the price to rise from this zone.
If this zone is confirmed and an upward movement starts from it, then the formation of an upward channel on a global scale of the main trend with a resistance target of + 190% will be confirmed.
If this support is broken and the downtrend continues, the first potential support is 0.00025, the second is 0.0002. This is 33%. I have shown on the chart potential first moves from the reversal zone.
It should be noted that the ATOM / USD pair is now in an upward channel, and the price has corrected to support. Likewise, the reversal zone.
Previous trading on this trading pair.
ATOM / BTC Upward trend 4 months. Channel. Analogy with LTC / USD
The beginning of a trend reversal
Almost all price movement of the downtrend was taken. About 50%.
Secondary downtrend reversal zone
The beginning of a new uptrend movement
Work in a local trend from reversal zones + 68% + 68% + 48%
The levels and zones of local reversals have worked out very clearly.
ATOM / BTC Uplink. U-turn zone.
This idea described the formation of a potential right shoulder and then the "Head and Shoulders" pattern itself in cases of non-confirmation of the uptrend line support.
+ 44% - working long from the reversal zone. Formation of the right shoulder. Then work short to the support line of the local uptrend line. It breaks out, the price falls to the specified support level. Profit shorting about + 40%. Complete formation of the "Head and Shoulders" figure.
In this trading idea, I have shown my work on this coin since December 2019. This is about 11 months.
You also need to understand that price movements are taken from 60% to 80% of the reversal zones indicated on the chart.
Any theory without practice is zero! Only your knowledge, modernized for the reality of the market, in practice can give a significant result in your work.