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ATOMUSDT trade ideas

1D Review ATOM/USDTI invite you to review the ATOM chart in pair to USDT on a one-day interval. Using the blue lines, we can mark the downtrend channel in which the price is moving and we can see that we are approaching the lower border of the indicated channel. Let's start by marking the price support spots and we see that we first have a $7.05 to $6.03 support zone, however if the price goes lower we have a very strong $5.03 to $3.60 zone and then when this zone is broken, we can see a drop to the $1.77 support area. Looking the other way, we can similarly determine the places of resistance that the price has to face. And here we see that the price has rejected the first zone which goes from $8.39 to $9.41, when we get out of it the price has to go through the second zone from $10.24 to $11.10 and then move towards very strong resistance zone from $12.23 to $13.73. The CHOP index indicates that there is still energy for the ongoing downward movement, we are in constant rebound on the RSI and we see that each increase gives a quick return to the lower limit of the range, while the STOCH indicator is heavily exhausted, which may give a temporary price rebound.
by cryptodailyuk
Brief Analysisโ€”โ€”ATOMYesterday, due to the victory of Grayscale, BTC leads the entire market up. Many tokens are seeing gains of 5%+. Although winning the case does not mean that the BTC spot ETF will be approved soon, but the review efficiency will be improved. Today, we will conduct a brief analysis of ATOM and ONE. They were analyzed before. Let's take a look at their current situation. As we expected, ATOM fall with fluctuation after the last brief analysis and quickly approached the given support level. Although the bears has weakened since then, the bulls have shown no signs of strengthening, and the price has maintained a 10-day fluctuation. On Aug.15, the price broke through the given support level (green dotted line). ATOM remains bearish on a large scale and has started a new round of decline. The next strong support level is around 6. But we can see that during this round of decline, the power of the bears has gradually weakened. The slope of the red arrow has changed from steep to flat, while the green arrow has maintained almost the same slope. This shows that the bears has weakened and the bulls has increased. Conclusion: Mostly fluctuation. The bullish power is gradually increasing, so we believe that ATOM may get into a range. We set resistance level at 7.90 and support level at 7.03, which is near last week's lows. Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies. Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
by Sypool
ATOM is Recharging the Fuel for its flight to CosmosHey there! So I've just seen an amazing analysis of BINANCE:ATOMUSDT by the "Swallow Crypto" trading team named SwallowPremium on TradingView (I'd give you the link but my rating doesn't give me a chance yet, so just look at the linked Idea) . Shout out to you guys! And I've found some more nuances to it I'd like to share. The guys suppose we might be right at the Liquidity grab zone right now, and go up from here, as we've got to the same zone where we've been in June within a quick spike down and I totally agree with them. However, looking on a bigger picture, June 22' zone seems a lot more interesting for the big guys to enter, having in consideration this green indicator that shows Big Buys. We're currently facing Medium buys already, so the Fuel is slowly recharging, but it's still hard to name this zone as the Gas Station. I will update you when the Big Guys will come in, so you can just follow me to be updated. My guess is that we've Just been welcomed in the Entrance zone that started on 7,1 but may go deeper all the way to หœ5,8 or even หœ5,5 and will be formed within the next month or two within the tip of almost 1 year old Descending Wedge and from there we'll make a good old breakout. However, i don't consider ATOM to be a short speculation project, so getting in by now and DCA-ing within the dips sounds cool to me. P.S. Zooming out to the on-cycle view and considering 2023 not to be a final bottom, theoretically we currently are in the wedge inside of the wedge. If so, we will break out to หœ14,5 and go down to the Nadir... To the zones where "crypto is dead" will return back. To sub $2 ATOM.. Oh man I wonder if it's just the fantasy of the trippy mind or is it Groening mode on full send mode. What do You think? ๐Ÿ‘๏ธ A.I.Vision
by A_I_Vision
3
ATOM Ready for Upward Movement? | Cosmos Analysis Today๐Ÿ’ŽAttention, Paradisers! ATOM is on the move, currently navigating within a flawless descending triangle and setting the stage for a potential bullish upswing. ๐Ÿ’ŽJust days ago, ATOM adeptly engaged with the bearish Order Block (OB), established equal highs and embarked on a bearish journey to address the Bullish OB and capture buying liquidity. ๐Ÿ’ŽIf the price successfully breaks through the upper boundary of the triangle, it's poised to engage with the overhead supply zone. However, let's not overlook the elephant in the roomโ€”market uncertainty, which could sway the price in either direction. ๐Ÿ’ŽWe're bullish on the prospect of the price retesting the supply zone, thanks to lingering liquidity. ๐Ÿ’ŽKeep your charts refreshed and stay tuned for more updates. Happy trading!
Long
by MyCryptoParadise_Simon
3
ATOM/USDT Liquidity Grab Then Bullish? Hey traders๐Ÿ‘‹ ATOM coin is next on our watchlist today with a good potential for some small bearish movement before further bullish run! We are seeing the price having bad times where it is getting suppressed slowly to lower zones while leaving EMAs far behind the market price! If you like ideas provided by our team you can show us your support by liking and commenting. Yours Sincerely, Swallow Team Disclamer: We are not financial advisors. The content that we share on this website are for educational purposes and are our own personal opinions.
by SwallowAcademy
9
ATOMUSDT wnats a new Bearish impulse?Inside a Descending Channel: The current market situation involves ATOMUSDT being confined within a descending channel pattern. This pattern comprises two parallel trendlines: one functioning as resistance and the other as support. It suggests a potential continuation of the ongoing downtrend. Potential Liquidity Grab at $9 Resistance: The analysis suggests the possibility of the price attracting new liquidity around the $9 area. This level was previously a support but has now transformed into resistance, as is often observed in technical analysis. Plancton's Rules Application: Following the principles of Plancton's Rules and in alignment with the analysis, there's contemplation of a new short position. A short position entails selling the asset with the expectation of a price decrease. โ€“โ€“โ€“โ€“โ€“ Follow the Shrimp ๐Ÿฆ Keep in mind. ๐ŸŸฃ Purple structure -> Monthly structure. ๐Ÿ”ด Red structure -> Weekly structure. ๐Ÿ”ต Blue structure -> Daily structure. ๐ŸŸก Yellow structure -> 4h structure. โšซ๏ธ Black structure -> <= 1h structure. Follow the Shrimp ๐Ÿฆ
by InkyGrip
11
ATOM possible breakdown**Weekly Perspective:** In the weekly time frame, ATOM is trading within a downward parallel channel. The upper line of the channel represents a strong resistance, while the lower line serves as a robust support line. Atom is forming a Lower High and Lower Low structural pattern, indicative of a bearish trend. One notable observation this week is the breach of one of ATOM's strongest support lines. A trendline drawn between the COVID-19 lows and the lows of June 2022 used to provide substantial support for ATOM. Even during the BTC drop from $30,000 to $25,000, this trendline offered support and boosted ATOM's price. However, this trendline was broken during the previous week's downturn, and ATOM is now trading below it, suggesting a potential further decline in the coming days. ATOM's ability to maintain the trendline support will determine its performance; otherwise, a significant price correction seems likely. The weekly RSI is at 33, indicating the possibility of further oversold conditions. Additionally, a bearish MACD crossover has been present since the third week of April. In the weekly timeframe, there is also a double top pattern in ATOM, and the neckline of this pattern has been breached. The double top pattern itself is bearish, and it could contribute to future price declines for the coin. Looking at the daily timeframe, another downward parallel channel is evident in ATOM's price movement. The upper channel boundary has led to price decreases four times, while the lower boundary has caused two price increases. Even within this channel, ATOM is adhering to the Lower High and Lower Low pattern, underscoring the continued effects of this pattern on the falling price. On the daily chart, the RSI stands at 31, and the MACD is in negative territory. ATOM's last stronghold lies within the horizontal support range of $7.13 to $7.5. A breach below $7 would trigger a sell-off, potentially causing the coin's price to drop further. Beyond this level, the next substantial support for ATOM is projected around $5.6 to $5.9. Therefore, falling below $7 could lead to a price range of $5.6 to $5.9 for ATOM. Market sentiment is set to play a pivotal role in ATOM's survival and its ability to maintain crucial support levels. Unfortunately, sentiments for the upcoming week do not appear favorable. BTC continues to decline, with expectations of touching $25,000 to $25,200 to establish a solid support within this range. Furthermore, if sell-offs are observed in the S&P 500 and NASDAQ, it could translate to a downward trend in the crypto market as well. Click on the link to understand market sentiments: cryptonewsbytes.com Are you prepared for this update of AVAX: cryptonewsbytes.com What can you expect for Litecoin, explained: cryptonewsbytes.com NASDAQ and BTC, what will happen next: cryptonewsbytes.com
Short
by LuqmanEjaz
ATOM is About to Start an Explosive Uptrend | ATOM/USDT Analysis๐Ÿ’ŽATOM/USDT is painting an optimistic landscape in the 1D Timeframe. A standout observation is its strategic positioning within a pivotal demand zone. ๐Ÿ’Ž There's a distinct OB and market imbalance around the $11 price point. Given the current dynamics, there's a strong inclination that ATOM might re-engage with this level soon. ๐Ÿ’Ž In the recent past, we've witnessed a transformation where demand has transitioned into supply, with ATOM carving out Equal Lows. ๐Ÿ’Ž While the overarching sentiment and indicators lean towards a positive trajectory for ATOM, the broader market's volatility remains a wildcard. It's essential to factor in this unpredictability as it could sway the outcome. ๐Ÿ’Ž Stay vigilant, and always look for real-time market shifts. The world of crypto is ever-evolving, and staying informed is the key to navigating it successfully.
Long
by MyCryptoParadise_Nathan
3
ATOUSDT wants 6$?Descending Channel Formation: The current market situation involves ATOMUSDT forming a descending channel pattern on the daily timeframe. A descending channel consists of two parallel trendlines, one functioning as resistance and the other as support. This pattern suggests a potential continuation of the ongoing downtrend. Key Level Loss: The analysis indicates that the price of ATOMUSDT has moved below a significant level around the $9 area. These levels are noteworthy due to their historical influence on price movements. Retest and Potential Resistance at $9: There exists the possibility of a retest of the $9 area, which was previously breached. In technical analysis, former support levels can assume the role of new resistance levels after they are crossed. Retest of Old $6 Area: The analysis also suggests the potential for a revisit to the previous $6 area. This scenario could entail a further downward movement in the price. Plancton's Rules Application: Following Plancton's Rules and aligned with the analysis, a consideration of a new short position is in place. A short position entails selling the asset with the expectation of a decline in its value. โ€“โ€“โ€“โ€“โ€“ Follow the Shrimp ๐Ÿฆ Keep in mind. ๐ŸŸฃ Purple structure -> Monthly structure. ๐Ÿ”ด Red structure -> Weekly structure. ๐Ÿ”ต Blue structure -> Daily structure. ๐ŸŸก Yellow structure -> 4h structure. โšซ๏ธ Black structure -> <= 1h structure. Follow the Shrimp ๐Ÿฆ
by InkyGrip
8
ATOM Looks Bullish!!Long Entry Trigger Cosmos Has found support above a pivot low and has also swept those lows. Buying pressure seems to have come in and it's now consolidating above support. The most probable outcome is that the price moves a little higher from here. -------------------------------------------------------------------------------------------------- Every day the charts provide new information. You have to adjust or get REKT. Love it or hate it, hit that thumbs up and share your thoughts below! Don't trade with what you're not willing to lose. Calculate Your Risk/Reward! This is not financial advice. This is for educational purposes only.
Long
by Navitility