ATOMUSD.P trade ideas
can we break out? yes we canwe are very oversold and we see a descending triangle with an oversold rsi. watch for a big uptrend
ATOMAtom has been leading the market this bull run and has been a great indicator IMO. Here you can see it is currently trading in two triangles. Atom is a key coin to watch, and I expect to see a decision here within the next two weeks.
This is not financial advise.
BS
ATOMUSD - EW analysis - impulse upATOMUSD - It seems in 3rd of 5th of 3rd wave up. The invalidation level of the count is 16.083. Pump it in pull back with said stops for target of new high above 30.
Give thumbs up if you really like the trade idea/analysis.
ATOM dropping.1. Will most likely see a re-test of the $15.3 resistance/support level which I expect to break.
2. Next support to test is $12.7. If this support breaks expect a re-test of $10.5.
3. If the $10.5 support breaks I expect price to rattle around $8.5 to $10.5 before beginning next impulse wave.
My thoughts on Cosmos ATOM:
Total supply 260,906,513. APY for staking coins has fluctuated quiet a bit, could be related to the $10+ change fluctuation in price. Scalability and the recent Stargate upgrade are making some news. I will continue to hold a small amount long term.
New update on atom fixed chartClear macd signal followed by trend support regionally and 3x bb and volume rush. The clear buy
BearishIf it breaks the support of 15.00 then it might incredibly fall to the hell. This graphic has been created for education & entertainment and not for trading advice.
ATOM USDA 4hr pattern to digest and look at still remains bullish in my eyes, but it needs to test a new low. Could be either the bottom of the yellow triangles. Bounce up from either we are bullish. I would do a short here. at around $30-25
ATOM - Long Term Strategy - Entry Now
ATOM chart updated to reflect last night's flash crash. Ascending channel more wide.
Cosmos is recovering a bit faster than other alts. At the time of this posting, it has recovered +25% from bottom wick while many are still in double digit red.
Support/Resistance should be at these levels: 20.2, 21.5, 22.7, 24.2.
Break and 2H candle close above 24.2 should allow price action to make another attempt at ATH. I'd love to see it hit 30 or 40 by early March.
As said in previous ATOM chart, these are great levels for entries.
Lower price target of $18.5 for ATOMHaving broken down previous support lines my revised forecast for the bottom for ATOM is around $18.50.
ATOMUSD - EW analysis - Up move ATOMUSDT - The 4th wave correction is in progress and may end near 18-16 zone before it resume the up trend for final cycle up as 5th of 3rd in 4 hr time frame.
Give thumbs up if you really like the trade idea/analysis.
ATOM/USD Potential Short-Term ScenarioATOM/USD looks ready to make another attempt at breaking $10 sometime this week. Convincing bounce off 20 MA, bullish divergence on OBV, price appears to be moving in a tight channel. $ATOM needs to turn $9 into support prior to retesting $10.
