ATOMUSDT trade ideas
ATOM: Resistance BreakoutCosmos (ATOM) technical analysis:
Trade setup : Price broke back above down trendline and 200-day moving average, which is bullish and could revisit $16 level. Note that it made a Higher Low, which is also a sign of Uptrend. Upside to $16.
Trend : Neutral on Medium-Term basis and Uptrend on Short- and Long-Term basis.
Momentum is Mixed as MACD Line is above MACD Signal Line (Bullish) but RSI ~ 50 (Neutral).
Support and Resistance : Nearest Support Zone is $12.00, then $10.00. The nearest Resistance Zone is $16.00.
ATOM - To the top of the Monthly RangeI can see ATOM pushing towards $16 although top of the range is around $17
This is valid if ETH/BTC makes a push to the upside which would then equal to an alt rally at least during the weekend, the FOMC will be a good trigger for either the upside or downside depending on what they decide.
ATOM: The Crypto Catalyst Set to Shake the Market!I have found that simplicity often leads to success, which is why I have approached the analysis of ATOM with a straightforward mindset.
I'm eager to hear your thoughts and opinions on this matter, as I believe that open discussion and collaboration can lead to innovative solutions.
Moreover, I strongly believe that the strategy of thinking simply can be applied to all aspects of our lives, not just in the realm of cryptocurrency. By cutting through the noise and focusing on the essential elements, we can achieve greater clarity and make more informed decisions.
So, what are your thoughts on the benefits of simplicity in both cryptocurrency analysis and everyday life? Let's discuss and explore this concept further.
What is you target for ATOM?
✅TS ❕ ATOMUSD: descending channel✅✅ ATOM is moving in a downtrend.
The price chart has returned to the downtrend channel.
The asset will continue to decline. ✅
🚀 SELL scenario: short to 11.55. 🚀
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Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.
ATOM: long if bounces backAnother requested TA: ATOM.
So I'm trying to mix a bit of SMC (the concepts I know) and classic retail trading (trendlines, volume etc...).
In this case retail trading suggests a long opportunity in case of retest of the breakout trendiline ends up in a bounce back. However the SMC requires a "spring", an inducement and the creation of a FVG to take a long in account. Mixing the two things, assuming I'm doing it right, it should be somethink like that I drawed on the chart.
On weekly it would make sense:
I suggest to use a wide SL so maybe don't use big amounts if you follow this set up. I've set an alert in case the trendline will be touched
Good luck
Atom Long from symmetric triangle On 3 day Timeframe ATOM is moving towards the bottom support of the Symmetric triangle pattern . Personally, I'm waiting for a break out on testing of the support trendline . Here are 2 setups which i'm personally waiting for
✔1st Setup for Atom
Entry : 10.3 with stoploss at 10$
Targets : 10.4 - 10.8 - 11.2 - 11.6 and 12.5
💎2nd Setup for Atom
Entry : 9.85 with stoploss at 8.8$
Targets : 10 - 10.4 - 10.8 - 11.2 - 11.6 and 12.5
ATOMPA showing relative strength for the day in crypto market and caught my eye.
I expect more testing toward the support near 10.4.. further developments may yield a possible long set up. Losing the trendline/$10 would be :(
Looking for BTC to hold and bounce 20k area and make a retest to 21.3k ish.
if that plays out, atom might be a good alt for a swing long to 11.6 and possibly beyond