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ATOMUSDT trade ideas

Range Trend and Growth Signals at $10.6 ResistanceOver the last month, ATOM has been following a range trend, where its price has consistently reacted whenever it reaches the resistance of the downward trend line. This indicates a lack of demand in the $10.294 range. Previously, we identified a potential support zone around $8.648, which the price has not yet reached. To anticipate potential price movements, we should pay attention to a few factors. Firstly, if the price does touch the support zone and shows a positive reaction along with signs of a trend change and positive divergence on the Relative Strength Index (RSI) in the 4-hour and 1-hour timeframes, there is a likelihood of the price increasing towards the resistance level of $10.6. However, if the $10.6 resistance is not overcome and the price breaks below it, there could be further declines, potentially reaching the next support zone around $8. This particular support level is situated at the bottom of the second ascending channel, which might prompt a favorable positive reaction. In the event that the price bounces back from the $8 support zone, we could expect a price growth of at least 30%. Regarding the RSI level of ATOM at the daily timeframe, it is currently at 42. The Relative Strength Index (RSI) is a technical indicator used to assess the momentum of an asset's price. An RSI level of 42 for ATOM suggests a relatively neutral position, indicating that the cryptocurrency is not oversold or overbought at the moment. However, investors should closely monitor the RSI in conjunction with other technical signals to make more informed decisions about potential price movements.
by MonoCoinSignal
4
Brief Analysis ——ATOMToday we will share a brief analysis of 3 old-school tokens. They are ADA, ATOM and ONE. After rising at the beginning of the 2023, ATOM has fallen since February. And after being defined as a security, it fell through the precious support level (red line). The subsequent rebound never got back above the red line. During the rebound, the bulls was only slightly stronger than the bears. There are very few long green candles and volume was much lower than before. Recently, the price dropped to the green dotted line. Conclusion: Mostly falling. The rebound of ATOM did not cover the loss caused by FUD, so it remains bearish on a large scale. If the bulls cannot defend the dotted green line, the price will break out and keep falling. We set resistance level at 10.3, which is strong. Although the price has not confirmed that it has fallen below the green dotted line, but considering that the bears are dominant, we set support level at 8.2. If you have any ideas, welcome to communicate with us:) 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.
Short
by Sypool
ATOM 4h reviewprice is moving into a descending channel since 5 month ago. right now it is trying to close above daily 50MA and MACD (daily line) also turned in bullish level. so closing above the channel is a good sign for stronger rally to come. and closing above daily 200MA will accelerate this process. I put the baseline on the chart and in any case, moving above this level ( around 8.8$) it is bullish. also in case of the bull run scenario we can expect the resistant levels on the chart will hit as targets. Enjoy the market
Long
by bestfarbit74
30
ATOM 1D ReviewHello everyone, I invite you to review the ATOM chart in pair to USDT, on a one-day timeframe. First, we will use the yellow line to mark the uptrend line on which the price is currently based. Moving on, we can move on to marking support areas when we start a larger correction. And here the first support is at $8.81, and then it is worth marking the support zone from $7.89 to $7.26. Looking the other way, we see that the price has turned around at the resistance of $ 10.29, when it manages to break it, we have a strong resistance zone from $ 11.06 to $ 11.56, only after a positive upward exit and testing the resistance will the price be able to keep going up. Please look at the CHOP index, which indicates that we have a lot of energy for the upcoming move, the MACD indicates a downtrend, while the RSI is in the process of rebounding, and looking at the energies and the MACD, we can expect a price drop.
by cryptodailyuk
🚨 Trade Update: ATOM/USDT (3-5x)🚨 Trade Update: ATOM/USDT (3-5x) 📈 Long Entry: 8.73 - 10.02 OTE (Optimal Trade Entry): 9.46 SL: 8.12 B/E Move: When it moves close to TP2 TPs: Short Term: 10.20 - 10.40 - 10.70 - 11 - 11.40 Mid Term: 12 - 13 - 14.5 - 16 - 18 - 19.65 **Disclaimer: Past profits do not guarantee future results. Is there a risk? Of course. The whole financial market is subject to risk; any fundamental reason or sudden change in the market sentiment can reverse the current market dynamic and cause a loss. Do not take excessive risks which you cannot afford to lose. There is no obligation to take this trade; please avoid the trade if you disagree with the trade analysis. EDK FORUM TRADING®
Long
by GISTRADINGLLC
ATOM Cosmos and the Altcoin Season ThesisThe recent developments in the cryptocurrency market, particularly the favorable court ruling for Ripple Labs, signal an optimistic start to a new altcoin season. With the federal judge ruling that some of Ripple's sales of the XRP token do not fully meet the definition of a securities offering, it instills confidence in the altcoin space. This ruling brings clarity to the regulatory landscape and alleviates concerns surrounding XRP, leading to major cryptocurrency exchanges, including Coinbase, relisting the token. The reintroduction of XRP to these platforms demonstrates growing acceptance and renewed interest in this altcoin. The anticipation surrounding the approval of a spot bitcoin ETF in the United States adds to the positive sentiment in the market. The successful launch of a previously approved ETF in Europe further reinforces the upward trend for altcoins. The recent court ruling that declared XRP as not a security sets a precedent that could potentially benefit other cryptocurrencies currently classified as securities by the SEC. In the SEC's case against Binance, they designated 10 cryptocurrencies, including BNB, BUSD, SOL, ADA, MATIC, ATOM, SAND, MANA, AXS, and COTI, as securities. Additionally, in the SEC's lawsuit against Coinbase, they named 13 cryptocurrencies, reinforcing their stance on SOL, ADA, MATIC, SAND, and AXS, and adding CHZ, FLOW, ICP, NEAR, VGX, and NEXO to the list. This development showcases the increasing institutional acceptance of cryptocurrencies and creates a ripple effect across the market, providing a boost for various altcoins, including ATOM Cosmos, for which my price target is $11.15. Looking forward to read your opinion about it!
Long
by TopgOptions