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ETHUSD(4Hr) : ETH showing some recoveryMarket in the last 24 hours ETHUSD moved in a bullish momentum along with the upper Bollinger band. Trading volume has been high in the last 24 hours with increasing prices suggesting a continuation of the current bullish momentum. Next 24 hours Trend analysis The price is expected to continue to move in a bullish momentum along with the upper Bollinger band. The price change was high at approximately 5.54%, with the week's range between $3400 — $3673. Price at the time of publishing: $3608 ETH’s market cap: $424 Billion However, the Indicator summary is giving a 'BUY' signal on ETHUSD. Out of 11 Oscillator indicators, 2 are giving a SELL signal, 7 are neutral and 2 are giving a BUY signal. Out of 15 Moving average indicators, 1 is giving SELL signal, 1 is giving neutral and 13 are giving a BUY signal. Traded volume has remained high in the past week. If we don't see a sudden spike in volume then we can expect the above analysis to hold true. ---------------------------------------------------------------------------------------- The analysis is based on signals from 26 technical indicators, out of which 15 are moving averages and the remaining 11 are oscillators. These indicator values are calculated using 1 Day candles. ---------------------------------------------------------------------------------------- Any feedback and suggestions would help in further improving the analysis!
BINANCE:ETHUSDLong
by Mudrex
2
$GMVD Target PTs 4 and higher-3.50-4.75-4.40-7 and higherG Medical Innovations Holdings Ltd, together with its subsidiaries, an early commercial stage healthcare company, engages in the development of next generation mobile health and telemedicine solutions in the United States, China, and Israel. The company's products include Prizma, a plug-and-play medical device that measures vital signs with electronic medical records functionality and clinical grade reporting standards; and Extended Holter Patch System, a multi-channel patient-worn biosensor that captures electrocardiogram data continuously for up to 14 days. It also develops Wireless Vital Signs Monitoring System, a solution that provides continuous real time monitoring of vital signs and biometrics. In addition, it offers monitoring services, including independent diagnostic testing facility monitoring and private monitoring services. G Medical Innovations Holdings Ltd was founded in 2014 and is based in Rehovot, Israel.
GLong
by BADQOMOCAWGOWLD
1
XRPUSD(4HR) : XRP experiencing slow and steady growthMarket in the last 24hrs The price can be seen moving in a slight bullish momentum as it moved from the middle to the upper Bollinger band. The trading volume has been high in the last 24 hours can be seen increasing throughout the day. Today’s Trend analysis The price is expected to move in an overall bullish momentum as the trading volume can be seen increasing with an increase in price. Price volatility was low at approximately 4.95%, with the day's range between $1.07 — $1.13. Price at the time of publishing: $1.12 XRP’s market cap: $52.41 Billion However, the Indicator summary is giving a 'BUY' signal on XRPUSD. Out of 11 Oscillator indicators, 2 are giving a SELL signal, 8 are neutral and 1 is giving a BUY signal. Out of 15 Moving average indicators, 3 are giving SELL signal, 1 is giving neutral and 11 are giving a BUY signal. Trading volume has been high in the last 24 hours. If we don't see a sudden spike in volume then we can expect the above analysis to hold true. ---------------------------------------------------------------------------------------- The analysis is based on signals from 26 technical indicators, out of which 15 are moving averages and the remaining 11 are oscillators. These indicator values are calculated using 4Hr candles. ---------------------------------------------------------------------------------------- Any feedback and suggestions would help in further improving the analysis!
BINANCE:XRPUSDLong
by Mudrex
1
XRPUSD(4Hr) : XRP oscillating as it moves sidewaysMarket in the last 24hrs The price touched the upper Bollinger band and accepted it as a resistance line and now can be seen moving in downward momentum towards the bottom Bollinger band. Trading volume has been high in the last 24 hours but is on the lower side of the spectrum when compared to last week. Today’s Trend analysis The recent tick is suggesting that the price has accepted the bottom Bollinger band as a support line which would indicate a slight bullish momentum till the price reaches the upper Bollinger band. Price volatility was low at approximately 4.74%, with the day's range between $1.04 — $1.13. Price at the time of publishing: $1.05 XRP’s market cap: $49.11 Billion However, the Indicator summary is giving a 'SELL' signal on XRPUSD. Out of 11 Oscillator indicators, 1 is giving a SELL signal, 7 are neutral and 3 are giving a BUY signal. Out of 15 Moving average indicators, 14 are giving SELL signal, 1 is giving neutral and 0 are giving a BUY signal. Trading volume has been high in the last 24 hours. If we don't see a sudden spike in volume then we can expect the above analysis to hold true. ---------------------------------------------------------------------------------------- The analysis is based on signals from 26 technical indicators, out of which 15 are moving averages and the remaining 11 are oscillators. These indicator values are calculated using 4Hr candles. ---------------------------------------------------------------------------------------- Any feedback and suggestions would help in further improving the analysis!
BINANCE:XRPUSDLong
by Mudrex
5
Education excerpt: Relative Strength IndexEducation excerpt: Relative Strength Index General information The Relative Strength Index ( RSI ) is a momentum oscillator that was introduced by J. Welles Wilder in an article published in Commodities magazine in June 1978. The Relative Strength Index measures the velocity of directional price movement and is commonly used in conjunction with a daily bar chart. However, it can be utilized on a bar chart with any particular time frame. The concept of this oscillator is based upon an idea of an asset being oversold or overbought. Generally, tops and bottoms are indicated when the RSI goes above 70 or drops below 30. Although, failure swings above 70 or below 30 can imply possible market reversal. Similarly, divergence between the RSI and price action on the chart can signal a market turning point. Chart formations and support and resistance often show up graphically on the RSI despite the fact that they may not be apparent on the bar chart. The slope of the momentum oscillator is directly proportional to the velocity of the move. Thus, the distance traveled up or down by the RSI is proportional to the magnitude of the move. The horizontal axis represents time and the vertical axis represents distance traveled by the indicator. The RSI moves slowly when the market continues its directional movement . However, once price is at the market turning point, RSI tends to move faster. Calculation The Relative Strength Index is commonly calculated using the close price of a 14 day period. The equation for its calculation involves several components. These are: • Average up closes • Average down closes • Relative strength Relative Strength ( RS ) = (average of 14 day's closes up/average of 14 day's closes down) Relative Strength Index ( RSI ) = 100 – Calculation begins with obtaining the sum of the up closes for the previous 14 days. This sum is then divided by the number of days used in calculating the generating figure for average up closes. Similarly, the sum of the down closes for the previous 14 days is divided by the number of days used in calculating the generating figure for average down closes. After these two operations are conducted, the average up days are divided by the average down days resulting in the value of the Relative Strength ( RS ). The number 1 is then added to the value of RS . Next, 100 is divided by the new amount of RS . The resulting figure is subsequently subtracted by 100 generating the value of the Relative Strength Index ( RSI ). From this step on, the previous value of average up closes and average down closes can be used to generate the next value of the RSI . In order to calculate the next average up close, the previous value of average up closes is multiplied by 13 and the present day average up close is added to this figure. This value is then divided by 14 generating the value for the new average up closes. In similar fashion, the new average down close is calculated by multiplying the previous average down closes by 13. Today's down close is then added to the figure. The resulting figure is again divided by 14 to generate the new average down close. After that, the same steps indicated to calculate the initial RSI need to be followed. Divergence When trend is prevalent and two indexes (or index and price) are going simultaneously either up or down they exhibit positive correlation. However, when this correlation breaks and one index (or price) keeps going up while another index reverses down divergence is said to occur. Technical analyst should pay attention to this instance as it sometimes has abillity to foreshadow upcoming reversal in trend. Though, there are many instances when divergence occurs and reversal in price trend fails to materialize. For this reason some analysts like to implement concept of double divergence. Double divergence There are many instances when price continues its rise and analyst can observe oscillator or idex to fall only to see it later climb back up in tandem with price. (same applies to the opposite situation when price falls and index or oscillator starts to rise) The divergence occured but price trend remained intact. Because the divergence can be misleading, some analysts preffer to wait for the second divergence before placing their entries or exits. Disclaimer: This content serves only educational purpose.
BITSTAMP:BTCUSDEducation
by fxpremiere
XRPUSD(4Hr) : XRP consolidates after seeing a big drop in priceMarket in the last 24hrs XRPUSD saw a consolidated movement in the last 24 hours after seeing a big drop a day prior. Trading volume has been high in the last 24 hours but can be seen decreasing recently. Today’s Trend analysis The price is expected to move in bullish momentum till the price touches the middle Bollinger band in the next 24 hours. Price volatility was low at approximately 2.3%, with the day's range between $1.02 — $1.15. Price at the time of publishing: $1.1 XRP’s market cap: $51.77 Billion However, the Indicator summary is giving a 'SELL' signal on XRPUSD. Out of 11 Oscillator indicators, 1 is giving a SELL signal, 9 are neutral and 1 is giving a BUY signal. Out of 15 Moving average indicators, 13 are giving SELL signal, 1 is giving neutral and 1 is giving a BUY signal. Trading volume has been high in the last 24 hours. If we don't see a sudden spike in volume then we can expect the above analysis to hold true. ---------------------------------------------------------------------------------------- The analysis is based on signals from 26 technical indicators, out of which 15 are moving averages and the remaining 11 are oscillators. These indicator values are calculated using 4Hr candles. ---------------------------------------------------------------------------------------- Any feedback and suggestions would help in further improving the analysis!
BINANCE:XRPUSD
by Mudrex
1
Bitcoin current situation (09/07/2021)I believe today's abrupt descent needs a more in-depth analysis than what I normally do. I omit the news and focus immediately and above all on the multiday chart with daily candle. Yesterday very good closing and a day high at around 52.7K; today, on the other hand, the prices immediately appeared a bit weak and then fell sharply towards 16.00 and touched the minimum in the hourly candle of 17.00. Today's low has reached 2 levels that you can see repeatedly in my previous charts, for example I take an old analysis from 07/14/2021 these levels are none other than: - the maximum of the candle that everyone remembers of 05/19/2021, - 61.80% Fibonacci At this point what could happen? 1st scenario: My algotrading is a mathematical system and therefore does not "reason" on levels, but on indicators and therefore as expected with such violent movements it will close the long position at the end of the day and enter short. 2nd scenario: graphically, the uptrend does not seem completely compromised yet; to be able to talk about a bearish reversal, in my opinion, it is necessary to wait a moment longer and wait for a daily close below today's low. If you have any discussion points let's talk about it together, I'd like to have a discussion with you. Good evening everybody!
BITFINEX:BTCUSDShort
by MarkRoboTS
1
XRPUSD(4Hr) : XRP moving in a strong bullish momentumMarket in the last 24hrs The price has been moving in bullish momentum and moved above the upper Bollinger band. Trading volume has been very high in the last 24 hours. Today’s Trend analysis The price is expected to continue to move in bullish momentum till the price accepts the upper Bollinger band as a resistance line after which we can expect a consolidated movement with a slight indication of bullish momentum. Price volatility was moderate at approximately 4.76%, with the day's range between $1.23 — $1.32. Price at the time of publishing: $1.3 XRP’s market cap: $60.68 Billion However, the Indicator summary is giving a 'STRONG BUY' signal on XRPUSD. Out of 11 Oscillator indicators, 0 are giving a SELL signal, 9 are neutral and 2 are giving a BUY signal. Out of 15 Moving average indicators, 0 are giving SELL signal, 1 is giving neutral and 14 are giving a BUY signal. Trading volume has been high in the last 24 hours. If we don't see a sudden spike in volume then we can expect the above analysis to hold true. ---------------------------------------------------------------------------------------- The analysis is based on signals from 26 technical indicators, out of which 15 are moving averages and the remaining 11 are oscillators. These indicator values are calculated using 4Hr candles. ---------------------------------------------------------------------------------------- Any feedback and suggestions would help in further improving the analysis!
BINANCE:XRPUSDLong
by Mudrex
4
XRPUSD(4Hr) : XRP moving in a strong bullish momentumMarket in the last 24hrs XRPUSD moved in an upward momentum along with the upper Bollinger band. Trading volume has been very high in the last 24 hours. Today’s Trend analysis The price is expected to move in an upward momentum till the price moves above the upper Bollinger band after which a consolidated momentum is expected. Price volatility was moderate at approximately 4.76%, with the day's range between $1.23 — $1.32. Price at the time of publishing: $1.3 XRP’s market cap: $60.68 Billion However, the Indicator summary is giving a 'BUY' signal on XRPUSD. Out of 11 Oscillator indicators, 3 are giving a SELL signal, 7 are neutral and 1 is giving a BUY signal. Out of 15 Moving average indicators, 0 are giving SELL signal, 1 is giving neutral and 14 are giving a BUY signal. Trading volume has been high in the last 24 hours. If we don't see a sudden spike in volume then we can expect the above analysis to hold true. ---------------------------------------------------------------------------------------- The analysis is based on signals from 26 technical indicators, out of which 15 are moving averages and the remaining 11 are oscillators. These indicator values are calculated using 4Hr candles. ---------------------------------------------------------------------------------------- Any feedback and suggestions would help in further improving the analysis!
BINANCE:XRPUSDLong
by Mudrex
1
ETHUSD(1D) : ETH saw boost as the daily trading volume roseMarket in the last 1 week The price saw a major jump as it moved from the middle Bollinger band to above the upper Bollinger band. Trading volume has been moderate but saw a major jump due to which there was a sudden jump in the price. Next Week's Trend analysis The price moved above the upper Bollinger band suggesting a momentum reversal so the price is expected to mode in a consolidated movement with a slight indication of bullish momentum. The price change was low at approximately 1.95%, with the week's range between $3696 — $3837. Price at the time of publishing: $3774 ETH’s market cap: $443 Billion However, the Indicator summary is giving a 'BUY' signal on ETHUSD. Out of 11 Oscillator indicators, 4 are giving a SELL signal, 5 are neutral and 2 are giving a BUY signal. Out of 15 Moving average indicators, 0 are giving SELL signal, 1 is giving neutral and 14 are giving a BUY signal. Traded volume has remained high in the past week. If we don't see a sudden spike in volume then we can expect the above analysis to hold true. ---------------------------------------------------------------------------------------- The analysis is based on signals from 26 technical indicators, out of which 15 are moving averages and the remaining 11 are oscillators. These indicator values are calculated using 1 Day candles. ---------------------------------------------------------------------------------------- Any feedback and suggestions would help in further improving the analysis!
BITSTAMP:ETHUSDLong
by Mudrex
4
DOGEUSD(4Hr) : Doge to move sideways after seeing a jumpMarket in the last 24hrs The price moved above the middle Bollinger band and can be seen oscillating between the middle and the upper Bollinger band. Trading volume has been very high in the last 24 hours and the volume can be seen decreasing with an increase in prices suggesting a trend reversal suggesting a sideways momentum. Today’s Trend analysis The price is expected to continue to move sideways between the middle and the upper Bollinger band. The price volatility is expected to be low as the Bollinger band can be seen converging. Price volatility was low at approximately 2.57%, with the day's range between $0.274 — $0.286. Price at the time of publishing: $0.281 DOGE’s market cap: $36.88 Billion However, the Indicator summary is giving a 'BUY' signal on DOGEUSD. Out of 11 Oscillator indicators, 1 is giving a SELL signal, 9 are neutral and 1 is giving a BUY signal. Out of 15 Moving average indicators, 4 are giving SELL signal, 1 is giving neutral and 10 are giving a BUY signal. Trading volume has been very high in the last 24 hours. If we don't see a sudden spike in volume then we can expect the above analysis to hold true. ---------------------------------------------------------------------------------------- The analysis is based on signals from 26 technical indicators, out of which 15 are moving averages and the remaining 11 are oscillators. These indicator values are calculated using 4Hr candles. ---------------------------------------------------------------------------------------- Any feedback and suggestions would help in further improving the analysis!
BINANCE:DOGEUSD
by Mudrex
2
Supply and Demand Zones - An Approach to Identifying Key LevelsIn this video I will break down my process in identifying supply and demand zones through technical analysis. Being able to identify these key areas allows for the trader to recognize potential levels of resistance and/or support. I also go over a few other technical analysis approaches I use when looking to identify similar key levels on a chart. From my experience, it works best for me to stick with the first technical approach that I am able to identify when looking at a particular symbol's chart. The more you look at a chart the more you will find an opportunity to squeeze in another form of technical analysis, often leading to clutter and uncertainty.
NYSE:NIOEducation
by rickhubbard10
XRPUSD(4Hr) : XRP saw a big jumpMarket in the last 24hrs The price moved from the bottom bollinger band and to above the upper Bollinger band as the volume saw a major increase. The trading volume has been high and saw a sudden increase in the last 24 hours. Today’s Trend analysis The price is expected to continue to move in upward momentum and oscillate between the upper and middle Bollinger band as support and resistance lines. Price volatility was high at approximately 7.3%, with the day's range between $1.09 — $1.24. Price at the time of publishing: $1.19 XRP’s market cap: $55.26 Billion However, the Indicator summary is giving a 'STRONG BUY' signal on XRPUSD. Out of 11 Oscillator indicators, 1 is giving a SELL signal, 7 are neutral and 3 are giving a BUY signal. Out of 15 Moving average indicators, 0 are giving SELL signal, 1 is giving neutral and 14 are giving a BUY signal. Trading volume has been high in the last 24 hours. If we don't see a sudden spike in volume then we can expect the above analysis to hold true. ---------------------------------------------------------------------------------------- The analysis is based on signals from 26 technical indicators, out of which 15 are moving averages and the remaining 11 are oscillators. These indicator values are calculated using 4Hr candles. ---------------------------------------------------------------------------------------- Any feedback and suggestions would help in further improving the analysis!
BINANCE:XRPUSDLong
by Mudrex
7
DOGEUSD(4Hr) : Doge in a sideways momentumMarket in the last 24hrs The price can be seen moving along the middle Bollinger band in the last 24 hours. Trading volume has been very high in the last 24 hours Today’s Trend analysis The price is expected to continue to move sideways along the middle Bollinger band and is expected to continue to move in a similar momentum until there is a sudden change in the volume or any other fundamental factor. Price volatility was low at approximately 0.34%, with the day's range between $0.278 — $0.29. Price at the time of publishing: $0.281 DOGE’s market cap: $38 Billion However, the Indicator summary is giving a 'SELL' signal on DOGEUSD. Out of 11 Oscillator indicators, 1 is giving a SELL signal, 9 are neutral and 1 is giving a BUY signal. Out of 15 Moving average indicators, 12 are giving SELL signal, 1 is giving neutral and 2 are giving a BUY signal. Trading volume has been very high in the last 24 hours. If we don't see a sudden spike in volume then we can expect the above analysis to hold true. ---------------------------------------------------------------------------------------- The analysis is based on signals from 26 technical indicators, out of which 15 are moving averages and the remaining 11 are oscillators. These indicator values are calculated using 4Hr candles. ---------------------------------------------------------------------------------------- Any feedback and suggestions would help in further improving the analysis!
BINANCE:DOGEUSD
by Mudrex
5
DOGEUSD(4Hr) : DOGE saw some upward momentumMarket in the last 24hrs DOGEUSD saw a rise with price moving above the midline and reaching the upper Bollinger band. Trading volume has been high in the last 24 hours. Today’s Trend analysis As the Bollinger band is converging, the price volatility is expected to be low. Thus the price is expected to oscillate between the upper and lower Bollinger band while moving sideways with a slight indication of bullish momentum. Price volatility was high at approximately 6.31%, with the day's range between $0.272 — $0.3. Price at the time of publishing: $0.29 DOGE’s market cap: $37.99 Billion However, the Indicator summary is giving a 'NEUTRAL' signal on DOGEUSD. Out of 11 Oscillator indicators, 1 is giving a SELL signal, 8 are neutral and 2 are giving a BUY signal. Out of 15 Moving average indicators, 7 are giving SELL signal, 1 is giving neutral and 7 are giving a BUY signal. Trading volume has been very high in the last 24 hours. If we don't see a sudden spike in volume then we can expect the above analysis to hold true. ---------------------------------------------------------------------------------------- The analysis is based on signals from 26 technical indicators, out of which 15 are moving averages and the remaining 11 are oscillators. These indicator values are calculated using 4Hr candles. ---------------------------------------------------------------------------------------- Any feedback and suggestions would help in further improving the analysis!
BINANCE:DOGEUSD
by Mudrex
5
The Boeing (BA) Company to 300?Boeing $BA about to kiss trendline support that originated in March lows. 1 year 5 month old trend. March lows may have been the ultimate support. I believe based on this trendline data that it will bounce on the trendline and ROCKET to $240. I do believe it is strong enough to reach $280 for a real test. If it breaks through, final target is $320. Fundamentally, I believe COVID is being figured out with our expert scientists who develop these vaccines. My targets is ultimately $320 posing over a 44% return (this is not financial advice). At 280 it is still 26%+. Other shorter targets 240 250 260. THIS IS A CASE STUDY FOR EDUCATIONAL PURPOSES ONLY. THIS IS NOT FINANCIAL ADVICE. THIS IS BASED ON MY OWN EXPERIENCE AND FROM PAST CASE STUDIES. THIS IS NOT FINANCIAL ADVICE.
NYSE:BALong
by Urmomma
3
XRPUSD(4Hr) : XRP seeing a major downtrendMarket in the last 24hrs The price saw a major downtrend in the last 24 hours with the price continuously rejecting the bottom Bollinger band as a support line. Trading volume has been high in the last 24 hours and can be seen increasing with a decrease in price suggesting a strong bearish momentum. Today’s Trend analysis The price is expected to continue to move in a bearish momentum until the price accepts the bottom Bollinger bands as a support line after which a consolidated movement is expected. Price volatility was high at approximately 6.98%, with the day's range between $1.07 — $1.19. Price at the time of publishing: $1.09 XRP’s market cap: $50.58 Billion However, the Indicator summary is giving a 'SELL' signal on XRPUSD. Out of 11 Oscillator indicators, 2 are giving a SELL signal, 7 are neutral and 2 are giving a BUY signal. Out of 15 Moving average indicators, 11 are giving SELL signal, 1 is giving neutral and 3 are giving a BUY signal. Trading volume has been high in the last 24 hours. If we don't see a sudden spike in volume then we can expect the above analysis to hold true. ---------------------------------------------------------------------------------------- The analysis is based on signals from 26 technical indicators, out of which 15 are moving averages and the remaining 11 are oscillators. These indicator values are calculated using 4Hr candles. ---------------------------------------------------------------------------------------- Any feedback and suggestions would help in further improving the analysis!
BITSTAMP:XRPUSDShort
by Mudrex
9
DOGEUSD(4Hr) : DOGE moving sideways with low volatilityMarket in the last 24hrs The price moved sideways in the last 24 hours as the price accepted the lower Bollinger band as a support line. Trading volume has been very high in the last 24 hours. Today’s Trend analysis The price is expected to continue to move sideways and continue to oscillate between the middle and the lower Bollinger band. The price volatility to be low as the Bollinger bands can be seen converging. Price volatility was low at approximately 1.25%, with the day's range between $0.28 — $0.3. Price at the time of publishing: $0.293 DOGE’s market cap: $38.45 Billion However, the Indicator summary is giving a 'SELL' signal on DOGEUSD. Out of 11 Oscillator indicators, 1 is giving a SELL signal, 9 are neutral and 1 is giving a BUY signal. Out of 15 Moving average indicators, 10 are giving SELL signal, 1 is giving neutral and 4 are giving a BUY signal. Trading volume has been very high in the last 24 hours. If we don't see a sudden spike in volume then we can expect the above analysis to hold true. ---------------------------------------------------------------------------------------- The analysis is based on signals from 26 technical indicators, out of which 15 are moving averages and the remaining 11 are oscillators. These indicator values are calculated using 4Hr candles. ---------------------------------------------------------------------------------------- Any feedback and suggestions would help in further improving the analysis!
BINANCE:DOGEUSDLong
by Mudrex
1
Create Alerts And Wait PatientlyCreate Alerts And Wait Patiently There are two key steps to creating alerts: 1. Find Important Price Levels Do your research. Find a price level that looks important and wait. Patience is everything. You have all of the tools available to you to research and follow markets. Whether it's a simple trend line , moving average or a custom Pine Script, use the tools to make better decisions. 2. Create The Alert Once you've found a level that interests you, create an alert and walk away. Right-click on that exact price level and then select "Create Alert" from the menu. You can also use the keyboard shortcut Alt + A or on a Mac option + A. Lastly, at the top of every chart is an alarm clock icon ⏰. Click that to open your alert menu and get started. The chart in this example shows a level we're watching. It also shows the alert we created. We have our eyes on a possible Double Bottom and we made an alert to watch that level. We'll get notifications on our TradingView mobile app, through email, and on our desktop. We won't miss it. 😁 Alerts can help you plan ahead and wait. We all know patience is important. So use alerts to express that patience. Thanks for reading and we look forward to hearing your feedback in the comments below!
BINANCE:BTCUSDEducation
by fxpremiere
ATOM Price PredictionAtom( Cosmos ) is a blockchain project that was built to address some of the challenges facing the cryptocurrency industry. Among these challenges are scalability and increasing the speed of throughput. The Cosmos price is scorching hot today as demand for the coin rises. The ATOM price jumped to the highest level since May even as other cryptocurrencies paused. Its price is about 142% above the lowest level in July this year. It has a market capitalization of more than $4.34 billion and is the 32nd biggest coin in the world. Is ATOM a good investment? Using technical analysis, we can decipher the chart pattern to predict how the Cosmos price will move in the near term. Now, turning to the daily chart, we see that the Cosmos price has staged a strong recovery in the past few days. This rally happened after the coin found strong support at the $8.9 level. It struggled to move below the support several times in the past three months. The Cosmos price has managed to move above the 25-day and 50-day weighted moving averages. Also, it has risen above the resistance at $14.7, which was the neckline of the double-bottom pattern. Therefore, the ATOM price will likely maintain the bullish trend as bulls target the all-time high of $32. Still, I can’t rule out a break and retest situation where the coin retests the support at $14.7 and then resumes the bullish trend.
COINBASE:ATOMUSD
by thomasfullerofficial