ATOMUSD trade ideas
Very optimistic yet TA supported vision of a next leg up I've never analyzed ATOM on a macro on a logarithmic scale before. I decided to look at a PnL chart and I found a very interesting pattern. We've had about 3 double bottoms finding support that follow with a ~200%-220% increase 8h token value. The next leg up would bring us to around 120$. FA is on point with this possibility as well.
ATOM long time awaited momentum here finallyCosmos/ATOM is the most undervalued platform out of the large caps. It also has the most upward potential. Many do not realize how many other coins/platforms rely on the cosmos infrastructure.. As an example, the entire binance/bnb ecosystem is built on top of atom. That is just one example, I highly suggest you check out the other coins that are built on top of atom, and the list is exhaustive and extremely impressive. This bull run I look for atom to outperform many other large-cap coins as well as take its rightful place on the charts. The fundamentals on atom are the best that I have seen in the entire crypto universe.
ready to breaksqueezing tightly as we approach the end of consolidation, so i'm expecting this one to break soon.
with some bullish hidden divergence along with support on the bottom BB since june, my money's on a breakout to the upside.
even if price breaks lower, i think it's likely to catch a spring and ultimately push higher.
Atom USDGood evening everyone!
Atom has formed a descending wedge pattern with a possible sign of a clear breakout.
- Watch for price action to retest the 23.6% fib. This could be a good buying opportunity.
- If the 23.6% fib is lost look for a double bottom closer to $30 for an even better buying opportunity.
- When the breakout is confirmed, look for a TP near the 78.6% Fib.
Good luck!
MY MINIMALIST ANALYSIS FOR COSMOS$ATOM
10.22.21 1314H +8 SINGAPORE
ALERT: MARKED ENTRIES and EXITS FOR A SWING TRADE
HOW TO USE MY CHART
It is designed for SWING TRADES at the BOTTOM. I do not SHORT (in support of all the DUMB-MONEY traders like me.) Though you can still use it.
Created on a WEEKLY & DAILY Analysis of Dynamics of the Market.
LARGE BOXES are major pivots that will occur, while the small boxes are MINOR PIVOTS. These can be entries to a BUY/ SELL POSITION or an EXIT/PARTIAL EXIT/TOP-UP AREAS.
Watch out for Chart Patterns, Candlestick Math, Market Dynamics, and your Fibs.
This CHART is best used without indicators. The MINOR and MAJOR BOXES (TOPs and BOTTOMs), together with
the market's price action and the above mentioned, is sufficient enough as analysis tools when ENTERING AND EXITING TRADES.
Thank You for your appreciation and support (Follows, Comments, and Likes.)
DISCLAIMER:
The findings of the following analysis are the sole opinions of the publisher of this idea and should not be taken as investment advice.
Cosmos To The Moon?In this analysis, we can see Atom continues in its consolidation pattern getting tighter and tighter in the current pennant that is forming. The wave count shows a massive wave 1 that propelled us to the 44 dollar range. As we complete wave 2 we can scout potential targets for wave 3 that can easily take us to the fib retracement level of 2.618 at approximately 100 dollars by the end of Q4. These speculations are conservative in nature and Atom can potentially continue to go higher. From what the data is showing however this is my current analysis that will continue to get updated as more data and price movement continues to come out. Let me know what y'all think. KRAKEN:ATOMUSD
Cosmos / USD 30min LONG positionTechnical analysis based on fibonacci retracement and elliot waves.
From 08 Sep with low 17.00 has gone to 44.50 in 12 days bull run
Retracement and correction with ABC elliot pattern down to 28.00 (0.382
I can see the same pattern forming confirmed by Wave 1 of elliot wave.
Open position: 39.5
Take Profit: 55.0
Stop Loss: 35.0
This is not a financial advice.
ATOM Ready to BreakoutTook a bit longer than expected, but think it looks a lot better now. Currently bouncing on above average volume at the confluence of the 50 day and support/resistance flip.
ATOM / BTC pair also bouncing where it needed it (not posted here)
This will go much higher than everyone thinks, just like every other blue sky breakout (MATIC in May, SOL in September, etc.).
PT $175+