💥ATOM FORECAST - TO HIT NEW ALL TIME HIGH🚀Please support this idea with a LIKE👍 if you find it useful🥳
Not a financial advice🙅🏼♂️
Right here is a weekly chart with price is an ascending triangle.
A successful close above the resistance region at $44 is will take price to a new ATH.
If the trend will continue, the Best Buy zone to bag more cosmos is within $24 & $28.
What do you think?
Share your opinion in the comment section✍️
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Cosmosusdt
ATOMAtom has been consolidating deeply as the other alts. I never thought we would see below $25 in this one but it is declining with such a pace one still wonders how far it would drop..
Anyway I have two strong support areas for a possible bounce with blue price targets. There are still no signs of a reversal on the lower time frame so it would be safe to get one in the 4h chart at least before jumping in.
Trade safe!
ATOM 'cosmos' wont stop..A few days ago I thought Atom is done. Because price hit the previous HH and formed double top with some reversal signals. But after some consolidation, the cosmos give us bullish signals. What is the next target if the price goes as our wish 50? 52? 55? comment below your predictions.
ATOM topping out?In stark contrast with the rest of the market, Cosmos was able to make a nice run up during the past couple of weeks. Especially if we hold it up against its Bitcoin pairing.
It has currently twice rejected its ATH resistance zone and is playing with RSI overbought levels. EMA's are still curling away from each other so a continuation is also still in the cards. Although I strongly believe Bitcoin will regain some strength here which can offer a nice shorting opportunity for this pair.
What do you think?
Update: Cosmos (ATOM) broke volume resistance - looking strongCosmos (ATOM) broke volume resistance - still looking strong.
A conformation also given by the breakout on RSI short-term resistance.
But RSI also slightly oversold.
Why is ATOM so strong against other Cryptos - what do you think? 😎
Drop me a nice comment if you'd like me to analyze any other cryptocurrency or do another comparison.
*not financial advice
do your own research before investing
Cosmos Rebuy Zones- Everything is mostly depending on TheKing but some projects like Cosmos have been super bullish.
- i won't talk about Cosmos Network FA but this project like to be as peacemaker.
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Trade Plan
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- Buy : 20$ ish
- Rebuy : 16$ ish
- TP : 59$ ish
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- Stop : 13.8$
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- i don't show Fibo too keep this graph clean but 16$ is around 78.6% + ichimoku Weekly Support.
- Manage your entries and your exit points, don't be greedy, and follow TheKing.
Happy Tr4Ding !
ATOM - short trade to 28$, then long to 40$, if you dare 😃ATOM hit old resistance at approx. 32.5$.
Good setup for short trade with stop loss just over resistance. I don't dare to take it, I will rather wait for breakout to take trade or enter long at green box zone. Don't like short in bull market.
Bullish pattern is in printing, once current resistance is turned into support, only 40$ level (trendline) is left before price discovery mode! 36$ could also act as resistance.
ATOM inverted head & shoulders and parallel channel#ATOM/USDT
$ATOM is inside weekly ascending parallel channel, daily candle broke out from middle line but reached a descending resistance line that possible to reject the price to support zone between $32.5 and $28.7. if this rejection happen, an inverted head and shoulders pattern can shape then price continue its uptrend to upper line of channel that is the same with target of head and shoulders and also the same with 1.618 fib level of whole swing down.
ATOM - perfect trade setupIn previous analysis (link bellow) my short and then long trade turned out very accurate (although I didn't take short trade).
Short from 32$ to support and then long from that support to 40$ is still in play.
Price dropped a little bit more then I expected, but still great short and long trade could have been caught.
Now I'm looking for retrace from 36$ (predicted resistance) to retest upper trendline and then further bullish price action to the last trendline before new ATH.
Note: I'm holding ATOM for longer term run, this is just a trade on futures market.
Previous analysis:
ATOMUSDTI am sharing support and resistance for $ATOM/USDT.
You are smart enough to play this setup with a tight SL be it long or short.
Plus as I can see on 4hr there is a continuation of hidden bearish divergence on RSI which is a matter of concern. Personally I will wait for it to confirm support by daily closing above the important support zone I marked for further upside.
#DYOR