ATOMUSDT trade ideas
ATOM - global forecastHello, Skyrexians!
Some of you are waiting for alt season and we found the alt coin which have a great growth potential during it. ATOM is in accumulation phase which is about to be finished soon. Elliott waves 1 and 2 were finished as well and the main impulse in wave 3 ahead. We have the target at least at 0.61 Fibonacci level at $28$.
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ATOM Cosmos Price TargetIf you haven`t sold ATOM on the bearish pennant:
With the stock market reaching record highs, there is growing optimism that the positive momentum could spill over into the crypto market.
Historically, we've seen a correlation between bullish sentiments in traditional markets and increased interest and investment in cryptocurrencies.
As traditional investors seek diversification and alternative assets, the crypto market, with its potential for high returns, could benefit from this wave of enthusiasm.
This alignment with the prevailing positive trends in the stock market might act as a catalyst, fostering a bullish outlook for the crypto market in the coming days.
My Price Target for ATOM Cosmos is the next resistance, $11.50.
ATOM/USDT 4HInterval ChartHello everyone, I invite you to review the ATOM chart in the USDT pair, taking into account the four-hour interval. First, we will mark the upward trend channel with the blue lines, where we could see the price breaking down, and the decline itself was close to the height of the previously defined channel. Currently, using the yellow lines, it is worth defining a triangle from which the price starts to exit with an upward movement.
Moving forward, we can move on to marking support areas in the event that the price turns again. And here the first support is at the price of $9.11, which effectively kept the price from further declines. However, if we see a break from the current support again, it may result in a drop to around $8.18.
Looking the other way, we see that the first important resistance is at the level of $10.18, and if the price positively crosses it, it may move towards the second resistance at the level of $11.11.
Please look at the RSI indicator, as there is still room for price increases, and if we look at the STOCH indicator, it should raise caution as we are moving at the upper end of the range, which may influence the willingness to react.
ATOM ANALYSIS๐ฎ #ATOM Analysis ๐๐
๐ฒ๐ฒ #ATOM was trading in a Descending Channel Pattern, give a breakout and trying to retests the levels. If the price of #ATOM closes above $9.400 then we will see a bullish move. ๐๐
๐ธCurrent Price -- $9.350
๐Target Price -- $12.00
โ๏ธ What to do?
- We have marked crucial levels in the chart . We can trade according to the chart and make some profits. ๐๐ธ
๐ทRemember, the crypto market is dynamic in nature and changes rapidly, so always use stop loss and take proper knowledge before investments.
#ATOM #Cryptocurrency #Breakout #DYOR
ATOM - LOCALThe asset appears relatively weak when compared to other altcoins, having displayed minimal movement throughout the past year.
This subdued performance may be attributed to the absence of a significant price catalyst. However, I anticipate that such a catalyst will likely emerge in the near future.
The asset is currently undergoing a gradual adjustment towards the 0.5 level zone, following a pulse.
In the upcoming months, there is potential for the asset to reach $13, $17, and possibly even $25.
๐๐ Cosmos (ATOM) and Its Potential Breakout ๐๐ฎ
๐บ Cosmos (ATOM) in a Major Triangle: ATOM is currently navigating through a large triangle pattern, indicating a significant correction or a "big sleep" phase.
๐ About Osmosis Chain: Before diving into the analysis, it's worth researching the Osmosis chain. Recognized as one of the premier decentralized finance (DeFi) chains within the digital currency market, Osmosis hosts a vibrant ecosystem with numerous coins. Don't miss exploring its enticing ecosystem.
๐ ATOM's Potential Growth: ATOM has a potential journey of approximately 370% to reach its lifetime high.
๐ Spot Buying Strategy: For spot purchases, a breakout from the triangle and weekly trendline, with an entry trigger after surpassing $11.356, seems optimal.
๐ Stop Loss Consideration: It's too early for a precise stop loss figure, but if a bullish trend begins from the current levels, a stop below $8 could be appropriate.
๐ Strong Support Zone: Currently, a robust support zone exists between $7.5 and $8.331.
๐ซ Early Buying Caution: Early buying is not recommended. It's better to wait for further correction or significant upward momentum in the market.
๐ Futures Position Strategy: I'll update you with a lower timeframe analysis for futures positions tomorrow.
๐ฃ What are your thoughts and strategies regarding ATOM's current position and potential breakout? Feel free to share your insights and questions in the comments! ๐ฌ๐ #CosmosATOM #DeFiEcosystem #TradeCityPro
๐ Remember: The cryptocurrency market's volatility requires thorough research and careful risk management. Always consider your investment goals and risk tolerance. ๐ง ๐ผ
ATOM: Approaching SupportTrade setup : Trends are mixed. After a bearish breakout from Channel Up pattern, price has also broken below $10 key level and could revisit $8.50 support. That also lines up with a 200-day moving average, which makes $8.50 a robust support zone and a potentially attractive swing trade entry area, which +18% potential upside back to $10. Stop Loss level at $8.17.
Trend : Downtrend on Short- and Medium-Term basis and Uptrend on Long-Term basis.
Momentum is Bearish (MACD Line is below MACD Signal Line, and RSI is below 45).
Support and Resistance : Nearest Support Zone is $8.50, then $7.50. The nearest Resistance Zone is $10.00, then $13.00.
ATOMUSD 4h have bullish outlookCosmos ( NASDAQ:ATOM ) market on the 4-hour chart presents a compelling scenario for a potential reversal from its recent downtrend as it stabilizes within a strategic accumulation zone.
Despite the overarching bearish momentum, suggested by both the declining price action and cautious RSI readings, the proximity to a high volume node just above hints at a forthcoming resistance test.
The speculative projection indicates an anticipation of consolidation, followed by an upward trajectory, likely fueled by the confluence of technical support levels and inherent market volatility within this thinly traded range.
Investors should remain vigilant, as the underlying #Bitcoin SOPR (yes yes btc sopr) metric implies a broader market hesitation, which could temper the bullish outlook for #ATOM in the short term.
Atom go to 100$Hello, friends! Today I want to share with you an exciting project that is working on technological innovations in the cryptocurrency world. This project is called Atom, and its team aims to make the crypto world even better.
Atom is not just a coin, but an ecosystem that provides revolutionary solutions. It is created to ensure security, speed, and efficiency in the world of cryptocurrencies. The Atom coin, using blockchain technology, allows for instant and secure transactions without intermediaries.
Currently, the price of the Atom token is $9.2, but in the past, it reached a high of $44. This indicates the growth potential of the coin and opens up opportunities for investors. Many experts consider Atom to be one of the most promising cryptocurrencies in the market.
Furthermore, by owning Atom, you will receive additional coins that are released within the Atom ecosystem. This can become an additional source of income and diversify your portfolio.
I invite you to join the world of Atom! It is an innovative project with great potential for the development of the crypto world. Learn more about Atom and join our community.
ATOM - when you will finally pump?Hello, Skyrexians!
Recently I made couple of analysis on ATOM. I told you that correction is almost over. Now this asset is showing us annoying flat. Anyway I still believe that price will reach $18 at least. We can see the confirmed bullish reversal bar. Moreover Awesome Oscillator shows us increasing momentum even on local dump. Today price retraced exactly to 0.61 Fibonacci and found support. If my analysis is right now we are in the best point to buy ATOM.
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#15. TA_ATOMUSDT_2024-01-31_14-39-52_4hrsATOMUSDT_2024-01-31_14-39-52
- currently broke my trendline, so depending on the current direction, it could go up. Then the trendline will be upward.
- I would enter now for small amount or else wait until the bar hit the trendline($8.7) or big amount
- I would exit at second, third box.