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ATOMUSDT trade ideas

Potential Falling Wedge Formation on ATOM/USDT 1D ChartGreetings traders! I would like to bring your attention to a notable chart pattern forming on the ATOM/USDT 1D chart. The price has been consolidating within a significant falling wedge pattern, which is yet to experience a breakout. It is essential to closely monitor this pattern as it has the potential for a significant price movement. Key Observations: 1)Long-Term Support Trendline Break: The price has recently breached a long-term support trendline, indicating a bearish sentiment. This breakdown adds to the significance of the falling wedge pattern and the importance of monitoring its potential breakout. 2)Resistance at Midrange: Currently, the price is below the midrange level, which acts as a strong resistance zone. This reinforces the importance of waiting for a decisive breakout from the falling wedge pattern before considering bullish positions. 3) The price has reached the upper resistance trendline of the falling wedge pattern but encountered selling pressure and was unable to break above it. This rejection emphasizes the significance of the resistance zone and adds further importance to monitoring the pattern's breakout for potential bullish opportunities. Positive Signals: 1)Stochastic RSI Cross Up: A recent bullish crossover has occurred on the Stochastic RSI indicator, marked by a white circle. This suggests a potential shift towards bullish momentum in the price action. 2)Relevant MACD Cross: The MACD indicator has shown a bullish crossover (M↑ symbol in blue), indicating a potential trend reversal or the initiation of a new bullish phase. Please note that the analysis shared here is for informational purposes only and should not be considered as financial advice. It is always recommended to perform your own analysis and consider other factors before making any trading decisions. Remember to trade responsibly and stay updated with the latest developments in the market. Happy trading! Disclaimer: This content is intended for educational and informational purposes only. Trading involves substantial risk and is not suitable for all individuals. Past performance is not indicative of future results.
by Trading_Paradise
ATOMUSDT → Price is strengthening. Resistance retest is formedATOM on the background of falling red BTC looks very good. A bullish reaction is formed on a false breakdown of the uptrend support. The price forms a bearish wedge, the end of which is formed at the base of the uptrend, hence, the price at the breakdown of the wedge resistance will open the potential for growth to 18.00. The moving averages are acting as resistance at the moment, but the price overcomes the important liquidity zone at 11.00. If the bulls keep the price above the 11.00 area, there might be more chances for breaking through the resistance, and if they do, we might see a good rally soon. Strong support: 11.00, upward channel support, bearish wedge support. Strong resistance: 11.306, downward wedge resistance At the moment the chart shows us some bullish interest on the part of the buyer. The price is preceeding the local levels and continues to strengthen. If the bulls hold the 11.00 area, then on the nearest retest, the price might break the resistance and starts to form an upside to 13.450 Regards R.Linda!
Long
by RLinda
10
Cosmos ATOM price behaves "out of the box" are you expecting 🚀?First, let's look at the global chart of ATOMUSDT trading history As you can see, the price entered the medium- and long-term buying zone six months ago. It was followed by a good 80% increase in the price of ATOM, and for the past few months, it has been consolidating around the important $10.65 level. In recent days, the ATOMUSD price has been quite well bought back and has not fallen down after BTC. Even if we assume that the consolidation of the Cosmos token price will continue for several months (white scenario), there is still a +30% growth potential within the consolidation. The critical level from above is $14.50 If buyers manage to break through and gain a foothold above $14.50, there will be space for growth to $20 _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
by P_S_trade
26
ATOMUSDT wants new liquidityATOMUSDT faced rejection from the dynamic daily resistance level located around the 13$ area. This indicates that there was a significant amount of selling pressure in the market at that price level, which prevented the price from moving higher. Currently, the market is testing the 4-hour support level located around the 11$ area. If the price of ATOMUSDT fails to hold this support level, it could potentially trigger a downtrend in the market, according to the trading rules laid out by Plancton If the price of ATOMUSDT does break below the 11$ support level, it would likely signal a shift in market sentiment and create an opportunity for short trades. However, it's important to note that the cryptocurrency market can be highly volatile and unpredictable, so traders should always exercise caution and use risk management strategies to protect their capital. ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <= 1h structure. Follow the Shrimp 🦐
by InkyGrip
6
ATOMUSDTHello dear friends, *Mars Signals Team wishes you high profits* This is a one-day-time frame analysis for ATOMUSDT Obviously there wee see some areas on the top including R3, R2, and R1 that all are our resistance areas and demonstrate the disability of the price to rise at various points. And we have S1 and S2 as our support areas in the current chart with their support of price at several points even in the past. The price was supported well at S1 line at some points and after each support it could rise to higher amounts. But by having the disability to rise more at 1 line, it was on a decline again and is now under fluctuation over S2 area. This is a corrective trend for the price at the present, it was rejected again via a negative Marubozu candle to lower amounts which means the high pressure of sellers. Now it is moving and fluctuating over S1 area and it is predicted to have a range at this point and after a fall and then a recovery, besides providing us some signs, it we would have a rising trend to happen. If the last candle is closed over S1, then we expect more rise to happen. But if the formation of the last candle is done below S1 line, then the possibility of a decline is high then. Either the price is able to be supported at R1 and by moving toward R2 and breaking this area upward and retesting and providing more fixation and rising signs for us, we will expect more increase for it to touch R3 (which is another proper point for saving your profits). By the time the price loses the support at R1 and via falling below it and losing the support, more decline will take place down to S1. But remember that by the time the price loses S2 support, it will touch more lower amounts as more decline. Remember to wait for the price to be supported at S2 and on its recovery trend and returning process, you can enter trading and put your sale orders. It is better to check every detail and information before doing anything. If you are looking for wise trades and less risky ones, our suggestion will be following our regular updates all the time. Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions. Take care
by MarsSignals
4
ATOM next support zonesThe ATOM chart appears to be relatively straightforward at the moment. If it breaks the $10 support level, we can anticipate a potential decline to the next demand zones, which are situated at around $8.43 and $5.55. I recommend exercising patience and waiting for the price to reach the demand zones before making any investment decisions. By doing so, you may be able to purchase at a lower price and achieve a more profitable return. In my opinion, it is better to buy in strong zones rather than pivots.
by Lamassu_Trade
Cosmos (ATOM) analysis: New rubric "Where is the BOTTOM?"Hello, everyone! Let's continue to analyze fundamentally strong crypto assets which I am going to buy at the very bottom. Now it's time to predict where the bottom for ATOM is gonna be. Using trading chaos approach I defined the Elliott waves with the order you can see on the chart. You can tell me that wave 2 is too deep, but I have the evidence that it's correct. Look at the Fibonacci extension 1.61 - the natural wave 3 target. Price has reached this target perfectly. After that price has printed the wave 4 which is represented as a triangle correction. I think now ATOM is in wave 5 because it broke down the key fractal level. The most important question: where is the gonna be the bottom. My answer is $3. There I will buy ATOM for the new bull run. This target was calculated according to the Tom Joseph's methodology. Bill Williams linked to his approach that's why I use it here. Best regards, Ivan ________________________________ Follow me and never miss update👍
Short
by Skyrexio
2