ATOMUSD trade ideas
ATOM Broke ResistanceNot trading advise, just playing and learning.
ATOM broke above the $20 level resistance and the one hour chart shows an upward pressure channel with higher highs and higher lows. This opens a potential decent swing trading between around $20 to $23, how low to buy or high to sell depends on risk appetite.
Please comment and let me know your thoughts and feedback.
Good luck.
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.
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.