Cosmos (ATOM/USD) on the 4-Hour TimeframeThis is a long (buy) trade setup based on technical analysis, particularly focusing on bullish divergence and the price holding near a support zone.
Entry Point:
Price: 4.76 USD
Reason for Entry: The trade is being initiated at this price level due to the confluence of a
bullish divergence on the RSI and the price respecting a strong support zone around 4.50 USD.
The divergence suggests that bearish momentum is weakening, increasing the probability of a
bullish reversal.
Stop Loss (Risk Management):
Stop Loss Level: 4.40 USD
Target (Take Profit) Levels:
1. First Target (TP1): 5.20 USD
Reason: This level aligns with an intermediate resistance zone and is a reasonable first target.
2. Second Target (TP2): 6.00 USD
Reason: Psychological level, and it also aligns with a High Volume Price (HVPM) area, which
could act as a significant price level where sellers might come in.
3. Final Target (TP3): 6.50 USD
Reason: This level represents a strong resistance zone from previous price action, marking
the upper limit of the expected upward move. This is the full potential of the trade.
Disclaimer: This is not financial advice. Trading and investing involve significant risk, and it is important to do your own research and consult with a financial advisor before making any trading decisions.
ATOMUSD trade ideas
ATOM's Bullish IdeaATOM
Cosmos has been facing continuous bearish pressure since Jan '22.
I expect it 'hopefully' to bouce towards a new ATH from the ~$3.9 level (from 1B in MC).
The confirmation of targeting a new ATH even without reaching the ~$3.9 level is passing $14.5.
The invalidation of the idea is breaking $1.
ATOMUSDATOMUSD
Price Action:
Trend: The overall trend in the chart is bearish. After a peak in April 2023, the price has been making lower highs and lower lows, indicative of a downtrend.
Support and Resistance:
➢Support: There appears to be a support level forming around the $4.50-$4.80 range. The price has tested this level multiple times recently, showing some buying interest.
➢Resistance: Resistance is visible around the $7.00-$8.00 level, where the price previously bounced before continuing downward.
Bollinger Bands:
The Bollinger Bands are relatively wide, indicating higher volatility.
Price Position: The price is currently near the lower band, which could signal that the asset is oversold in the short term. This often suggests a potential bounce or a period of consolidation.
Middle Band (20-day SMA): The price is below the middle band, reinforcing the bearish sentiment.
Volume:
Recent Volume: The volume has seen spikes during the price drops, indicating strong selling pressure. However, the most recent volumes are tapering off slightly, which could imply that selling pressure is weakening or that traders are waiting for a clearer signal.
Indicators & Signals:
Possible Reversal: If the price holds the support around $4.50 and starts moving upwards, it could signal a short-term reversal or at least a retracement towards the middle Bollinger Band (~$6.00).
Continuation of Downtrend: If the support breaks, we could see further declines, potentially testing lower levels not visible on the current chart.
Conclusion:
The chart shows a bearish trend with a key support level around $4.50-$4.80. The price is currently at the lower Bollinger Band, indicating it might be oversold in the short term. However, the overall sentiment remains bearish unless we see a significant change in price action, such as a break above the middle Bollinger Band or a significant volume spike with upward movement.
ATOM clear for liftoffIf you look at the BTC chart, you will see that ATOM is coming close to the channel low. Should see a bounce on it soon. ATOM USD took out the liquidity lows so this is an accumulation zone in my mind. Once the BTC chart bounces, expect USD to fly. Bull run vibes coming. Good luck
ATOM (2022 - 2025)The ATOM has been consistently following an upward trend since 2019. The certainty of a new cycle for ATOM is still uncertain. However, by considering that the asset is not experiencing a depletion but rather undergoing a shake-up, we can speculate that a pattern similar to the previous cycle will unfold.
This pattern typically involves an initial phase of accumulation, followed by the first wave of growth, a subsequent phase of re-accumulation, and finally, the last wave of growth, culminating in a distribution phase.
Analyzing the Fibonacci from the last cycle, we can set price targets at approximately $70. This suggests a potential increase of 300% from zone accumulation. To break it down further, the accumulation phase is anticipated in the range of $7-$14, with the distribution phase expected to occur between $70 and $100.
It's important to note that the specific dates on the chart are approximations. As the exit from the accumulation phase approaches, I will provide timely updates to the chart to present a comprehensive and up-to-date picture.
ATOM 200$ next bullrun 🃏On my chart you can see the previous bottom from last cycle, then price made ATH on 45$, then made pullback -85% and found support level on 6$ and didn't touch the bottom from previous cycle. Next price makes accumulation , swept liquidity from weekly candle, made deviation of trendline channel, made divergence on 1w TF. Also remember there are a lot of projects are built on Cosmos chain ==> they need native token ATOM ==> buy pressure .
Atom will go sharpAccumulation hasn’t stopped yet , doesn’t need for me to explain just look at the ecosystem map . Atom will go fast and sharp if it decides to so make sure you get some that cheap juice before lift off. ATH to be sure and i will give it a update then . You can accumulate in the green box if the market goes wrong .
Nfa ; stay safe
HTF ATOM/USD. Why I think ATOM will explode soon.Hi!
If you saw my last post on ATOM/BTC you would have seen the Wykoff accumulation pattern that we’re almost completing and still going perfectly to plan. If you haven’t seen it I highly recommend you check it out, this is an opportunity you don’t want to miss. Click my profile to view it.
Today’s analysis is on the USD pair and this is just as exciting. I’ll start off with the Elliott waves on ATOM/USD. As you can see we had a strong impulsive 5 wave move followed by a corrective ABC flat. Next I am looking for another strong impulsive 5 wave move because of the TA I done on ATOM/BTC showing a Wykoff accumulation in the ‘spring’ phase which is the most interesting phase, if you are not familiar with Wykoff check my other post.
The 2nd part is the cypher harmonic on ATOM/USD.
The target for this harmonic is usually the 0.618 retracement of the whole move but many times I’ve seen it continue upwards. We do have some resistance around the 0.618 area for extra confluence but personally I’ll be betting on to see $14.50 broken from this move with the low already in, based on factors of my other analysis.
I think ATOM is in for a hell of a ride. If you liked my 2nd ever post here please leave a like and comment it goes a long way!
#ATOM/USDT ANALYSIS ATOM is forming a descending triangle patte#ATOM/USDT ANALYSIS
ATOM is forming a descending triangle pattern, with an attempted breakout underway. The Ichimoku cloud is serving as a resistance barrier. A decisive breakout from the triangle would confirm a bullish trend, whereas a rejection would indicate a potential continuation of movement within the triangle pattern.
Cosmos (ATOMUSD): Awaiting a Deep DiveCosmos (ATOMUSD): BINANCE:ATOMUSD
For Atom, we've had to adjust our limit order and counting as we observed an additional rise that did not fit into our initial analysis. This necessitates shifting our positioning of Wave (3) upwards. We are still within the ideal range of the 361.8% extension. Following this, we witnessed Wave (4) and an impulsive Wave (5) upwards, succeeded by a minor downward consolidation. In the coming days, we definitely expect to form a Wave (B) and then a Wave (C), although their precise locations are currently unclear. We lean towards expecting a Flat structure, typically between 100% and 138%; anything beyond would be excessive.
Assuming that Wave (A) has reached its bottom at the current level, and if we break out significantly above $15.17, we will need to reassess the entire scenario. Until then, we anticipate seeing a three-part downward correction before reaching Wave (C) and thus completing Wave (ii). This Wave (ii) should find its absolute support at the 78.6% level and its associated support zone. Depending on the position of Wave (ii), we then expect a minimum rise for the subordinate Wave (iii) to at least $21. However, in the days or weeks to come, we should still anticipate another significant downward movement after having developed the Wave (B) upwards.
(ATOM) COSMOSBuy signal from supertrend. Green line really far away from the current price. Strong indicator of buying signal. Keep in mind most crypto depends on BTC. If the signal for BTC is strong to progress in an uptrend, then the signal for ATOM is also good. Not that cryptocurrency cannot succeed independent of BTC, it's not often and far and few between. I happened to come across this signal today after realizing what I need to look for and poof I find this ATOM indicator chart quite quickly.
Cryptolean Cosmos ATOM Update After printing a double top in the daily chart, Cosmos declined and now is trying to reverse from the key daily support level at $11.42, re-testing $12.09 resistance.
A bullish break-out of $12.09 and a bullish candle closure above this level will result in a re-test of $12.89-$13.46 and, possibly, higher.
A rejection $12.09 followed by a bearish break-out of $11.42 will push #ATOM price lower towards $10.16.
Intraday Chart
The ATOMUSDT 4-Hour chart is bearish and teasing $12.24, the key intraday resistance.
A bearish rejection of $12.24 will push Cosmos price towards the key intraday support zone at $10.11-$10.71, where I will be closely watching the price action of ATOM.
A bullish break-out of $12.24 will push price to re-test $13.54, however the price action may be slow and choppy.
Support once read!
Thank you.