ATOMUSD.P trade ideas
ATOM to the Moon ;)Atom Looks very promising attempting breakout from the triangle. We might see tomorrow a nice strong move up and a new massive impulse up for another week to come. Certainly worth observing. Golden cross from Ichimoku and Up Kumo are showing North direction too.
ATOM: Has its time finally come?NOT FINANCIAL ADVICE.
From what I see, all indicators scream buy, especially when considering upcoming announcements. Looking to breakout and continue according to parabola nicely up to approx. $40-50 in short term, $100 plus by EOY i think (purely opinion based, DYOR)
If we fall I think we'll return sub-$20 with some speed, so be careful. Last line of support $16.33. Seeing struggles to get past $21-22 but, as the phrase goes, time is on our side.
uptrendAssuming the correction of the fourth wave has over ;
it will be bullish in the medium term and will see that targets
stopless should be observed
ATOM Bull Flag Nearing BreakoutATOM could repeat its pattern circled in green after a 70% move. Same W formation at that level and then broke out to do 300%... That was after a long basing period and cup w/ handle breakout though... Here is is a flag, in the scope of a larger ETH bull breakout, if BTC can continue and confirm. ATOM stands to do well it would seem...
ATOM - $51.33ATOM is in a very good accumulation and compression phase. It has been able to hold the support at $17.75 and is trying to break the resistance at $21.17. If it can break this resistance, that would be a good entry point for ATOM with a stop loss below the support of $17.75 (wait for candle closure). Entry points: $21.17 to $17.75.
Flipping $21.17 to support could lead to a move towards $25.72, $28.16, $30.61, $34.09, $38.52 and $51.33.
ATOM is currently trading at $19.13 with a market cap of $4,531,760,062. Its 24 hour trading volume was $776,425,418.
COSMOS Levels Im watchingI'd like to build a position in the green box, derisk/take profits in the red box, and repeat until successful s/r flip of $20. Might be too late, could be ready to break out of this range at any time, but a range is a range until it isn't anymore.
Atomusd not much holding it backIf Atom can break upwards there is not much resistance up to $26. It has already came down and bounced off the $18.36 level. Next key point after break out would be $22.12 and then up to $26. If we do break down $17 would be the next support. Good luck happy trades this is not trading advice
Stay in channelAtom feeling unprecedented sell pressure. If not to stay in this channel, a free fall may be incoming.
