ATOMUSD.P trade ideas
Potential bullish reversal for ATOM (and crypto in general)Remember markets price the future, and if the overall sentiment is that "we'll get through this", then we could see the beginning of a bullish reversal this summer.
For ATOM , there's a barrier at $10 that is both psychological and technical to be broken to have any form of recovery. We're currently in a $7-$9 range, which has a lot of alpha in it.
ATOM is a great project with lot's of upside and a good altcoin to bet on in case of crypto recovery. If we break $10, there's no strong obstacle until $20. To get back to the $40 might take a while.
If you're a long term believer in the project, you might just ape in now and wait for complete recovery, which may take a year or more.
ATOM: Price ExpansionATOM is in an all too familiar trading pattern, coming out of an A&E reversal (presumably) and cautiously retesting neckline to establish support. From here we expect a continuation of the markup up into the Fibonacci zones. All subject, of course, to BTC staying on its meds and not dumping. I wouldn't take it further than the 1.618% in a countertrend, which would close out the 2nd macro liquidity void at 9.67. Look for continued demand bars emerging around the 1.0% Fib for confirmation of a solid resistance/support flip. Invalidation: 8.65 and under.
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**Not financial advice. Please DYOR and trade at your own risk.
Cosmos (ATOM) Death or LifeMany cryptos are found in crucial points:
1) BTC is in the 20k zone where we find solid support from the all-time high of 2017 2) ETH at 1k
3) Stocks Market (US500 & Nasdaq 100) on the one week average of 200 and on another solid support.
Returning to some other interesting alcoins we find together with Solana at sale prices
ATOM which is at $ 8 which finds 3 fundamental graphical factors
1) Support of its first point of maximum (green rectangle)
2) The Fibonacci extension at the price of $ 5 which has already been touched and now seems to be consolidating
3) Confirmation of the consolidation phase with a very visible bullish divergence with RSI rising and price falling.
Obviously we are in a bear market and you have to be careful to enter a LONG trade, but it could be an interesting point to accumulate and make a first purchase.
And what do you think?
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ATOM, high altitude.The following content is machine translation:
On the daily chart, it has recently been supported near 7 and rebounded against the trend. Pay attention to the resistance level of the sell-off area near 8.7.
The indicator macd bullish energy column is weak, and the RSI indicator has resistance near the neutral 50.
Operationally, you can try short-term high altitude near 8.5, stop loss at 8.75, and target near 7.
ATOM between huge volume profile levelsATOM between huge volume profile levels
Breaking the current resistance at $8.25 could lead to a relief run to next higher volume cluster
A second test of lower support at $5.55 more likely IMO (double bottom pattern)
What do you think dear Crypto Nation?
*not financial advice
do your own research before investing
ATOM | SOARS All The Way up to +$12?As some of you might already seen, ATOM has gained +10% as of me writing this. I believe it is still very good time to hop on board. on.
In the picture we see an inverse head and shoulders pattern and confirmed breakout through the resistance, continuing the journey.
Now the purple area will act as a strong support if the price comes back to retest. I would like to see ATOM rise to the $12 mark and beyond reaching $50+ in the coming months.
I am a new trader and THIS IS NOT financial advise , everyone make sure to think through before you
enter any trade. I did with this one and fun will be fun to watch how this unfolds.
Comments and constructive criticism are warmly welcome!
GOOD LUCK TRADERS AND ENJOY SUMMER!
ATOMUSDT | ATOMIC MISSION TO +$12!As some of you might already seen, ATOM has gained +10% as of me writing this. I believe it is still very good time to hop on board. on.
In the picture we see an inverse head and shoulders pattern and confirmed breakout to the upside.
I am a newbie trader and tend to read posts, not actually write ones. This IS NOT financial advise, everyone make sure to think through before you
enter any trade. I did with this one and fun will be fun to watch how this unfolds.
Comments and constructive criticism are warmly welcome!
GOOD LUCK TRADERS AND ENJOY SUMMER!
ATOMUSD ❕ small correctionATOM exited the descending channel and at the same time returned to the ascending channel.
Trading volumes show interest in price growth.
The asset is above liquidity.
Locally, volatility has declined.
The price broke through the upside of the 100MA (4H TF).
Main MAs are bullish (1H TF)
Price is in the overbought zone of the BB indicator (4H TF)
TD Sequential has formed a reversal signal downwards (1H TF)
Price and RSI show bearish divergence (30m TF)
ATOM now has a good chance to go up, but from the current state we can expect a correction to follow, so I am considering a short if it fixes under the support level.
ATOMUSDATOM had good two days.
But if we look at the chart, we could see some resistance.
Price, for now, could not pass resistance and price suggests us that it will go more down to 5,5-6usd.
What it will be, it will be and what it will not be, it will not be as a smart man says.
Good luck everyone!!!