ATOMUSDT - OversoldIn this market I wish I had more money to invest ( "you need money to make money " ). Anyways...
Observe the above 5D chart (USDT pair). Consider the following:
1) Price has declined nearly 87% from its all-time high
2) Falling wedge pattern on RSI
3) Price sitting at previous resistance/support (no indicator this level will act as support now though)
4) For a consecutive 50 days (80 if we ignore the green doji candle printed on 16 April) ATOM has been depreciating
5) RSI at heavily oversold levels
2D BTC pair below satisfying the same above points
Timeframe: Not sure
Return (initial) : 0.5x - 2x
Leverage: Most I would use here is 2x.
PS : Not sure why but the 2D BTC pair is extremely strong. Not financial advice!
ATOMUSDT trade ideas
ATOM/USDT possible break of structure?Hey traders 👋
ATOM/USDT looks similar to other coins. We did notice the trend here as well which has been forming for some time now. 100EMA and 200EMA are also below the trend which makes it strong for current market state. What we would do here is wait for. some breakout and breakdowns so that EMA zones can come up higher which might result the price to long squeeze and go for a turnover.
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Is ATOM Going TO blast To 30$!? In Depth Analysis!BINANCE:ATOMUSDT
First Let's Talk About The Project ATOM (COSMOS):
The Cosmos Project Was Launched in 2014 By Ethan Buchman And Jae Kwon Focusing On A Solution For Interoperable Blockchains.
Every project user, and entity's needs are different. So making customized networks that can interact with each other is valuable. Each new blockchain added to the Cosmos Ecosystem is called a Zone. Each zone can interact with another through Cosmos Hub, A Proof Of Stake relay Blockchain that allows data and assets to be shared.
ATOM is Cosmos Hub's Native Coin with three main uses. First users pay their transaction fees using Atom using a gas-based system. ATOM also allows you to participate in governance and is used in the network's consensus mechanism.
Now the most juicy part!! CHARTS!!!!
First, If we see at the weekly time frame, those bullish bought up candles clearly shows that how buyers were so interested to protect the lows and they gave higher closing everytime on weekly candles. This shows that price wont go below those wicks again.
Second, If we see whole market waves as elliot waves then we are done with the correction and going for Either 12345 impulse waves or ABC corrective wave, Targeting 30$!
Third, If we conclude the bottoming pattern, it turns out to be ADAM and EVE Double Botttom Patern For ATOM and which after breaking the 17$ Targets 25 and 30$ as the Profit Booking Targets!
Now, Let's Have a look at it's BTC Pair!
BTC pair shows that it has just broke out from the falling wedge or the bull flag on 3 Day time frame which targets 12-15K satoshi as the targets.
www.tradingview
If we Consider the bigger picture of ATOM. Then it is still in a very big accumulation.
And when it's going to breakout from it..it will have a new uptrend cycle which can give 5-10X returns on investment in ATOM.
So it will be very good Mid term play or till this bull run lasts!
https://tradingview/x/ZnSwCH1z/
So that is it for my analysis on ATOM.
Please Do support this idea and engage with it :)
Thank you for reading, i hope it added some value to you.
Regards
Bandhan Sharma AKA Wickhunterr
ATOMUSD Bullish OB| Monthly S/R| Psfp| InternalS/R| PAEvening Traders,
Today’s analysis – ATOMUSD- trading away from a key support region, a pullback needs to hold for a bullish continuation.
Points to consider,
- Price action impulsive
- Monthly S/R Support
- Psfp Liquidity
- Bullish OB Support
- Internal S/R Support
ATOMUSD’s immediate price action is trading with consecutive higher lows, allowing for a bullish bias.
The current level of confluence is situated around the Monthly S/R, this includes the VAH, Psfp, Internal S/R and a Bullish OB.
The overall objective is the Daily S/R, exceeding this level will lead to a trend continuation.
Overall, in my opinion, ATOMUSD is a valid long with defined risk, price action is to be used upon discretion/ management.
Hope this analysis helps,
Thank you for following my work
And remember!,
“It is always the best discretion to let the market show us where it is going and just simply follow (this would be prudent), rather than predict where the market is going and place a position (this would be gambling).” -Anne-Marie Baiynd’
✴️ ATOMUSDT | Cosmos Ultra Bullish (Name Your Altcoin #15 ✅)
The Cosmos chart right now is as bullish as it can get... Join me, let's read it together.
ATOMUSDT.
First, we have the classic low set June 2022, this is the cryptocurrency market capitulation phase low/bottom.
For some cryptos it was the bottom, for others just a low point as a new low was hit later on.
Cosmos is one of the strong ones because a higher low was hit in December vs June.
This higher low gives you all the information that you need... After it, we have 7 consecutive weeks closing green.
The consolidation pattern in orange is breaking down in favor of the bulls.
Prices are now above EMA50 supported by a strong RSI... Volume slowly grows.
It won't be long until the next bullish jump!
See you at $29... Easy 100% and then some more.
Namaste.
ATOM COSMOS 4 Hour Chart Analysis Hello to all out there and good day!
Here we have ATOM COSMOS on the 4-Hour Chart setup.
We have this Chanel that ATOM has been trading in and may be at the top as it has tried # 3 times to BREAK this upward channel but failed.
ATOM must hold the 12.80 SUPPORT ZONE if the COIN wants to move to the upside.
The NEXT BULLISH Targets to look out for will be the 13.7 -14.11 LVL AND THEN 14.61 - 15.15 AREAS.
NOW FOR THE BEARISH Scenario.
IF ATOM loses the 12.8 LVL of SUPPORT We might see it go back and test the 12.1 -10. 0 LVLS .
I will update you as time unfolds! Thanks for looking::)
✅TS ❕ ATOMUSD: broke up the channel✅✅ ATOM broke through the descending channel.
The price moves in the uptrend.
I think that the asset will continue to grow. ✅
🚀 BUY scenario: long to 15.62. 🚀
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Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments
Possibility of breaking the bottom of the channelThe price trend of ATOM in the coming week can range, and there is a possibility of breaking the bottom of the ascending channel and retesting the $13 range. So, in general, the support range of $12.53 to $13.8 can be considered as a positive reaction zone. If the bottom of the ascending channel is broken, the price decline can continue even to the $11 range.
ATOM in daily hi every one
as you can see atom is under dynamic resistance and Divergence is clear in the chart ,
anyway , we have 2 scenario but i think better one is short, we will have a good drop in the market and atom will follow too, use proper risk managment and make your decision, short is best position for this week
ATOMUSDT is testing the descending channelATOMUSDT has recently experienced a significant price increase following a breakout from a descending channel.
The market is currently testing this descending channel and traders are eagerly awaiting another potential breakout.
If successful, the next target for the price could be the monthly resistance, so According to Plancton's strategy , we can set a nice order
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Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ black structure -> <= 1h structure.
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Follow the Shrimp 🦐
ATOMUSDT is testing the weekly descending channelATOMUSDT appears to have recently grabbed new liquidity from the monthly support on the $8.7 area, creating a breakout that led to profitable trades.
Currently, the market is testing a weekly descending channel.
This channel represents a period of downward price movement that is bounded by two parallel trendlines.
We will be closely monitoring whether the price will be able to break above this channel, as this would suggest that the trend is reversing and that prices may continue to rise in the future.
At this point, it's important to wait for a clear breakout above the weekly descending channel before entering a long position. It's also important to keep an eye on the volume, According to Plancton's strategy , we can set a nice order
–––––
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 🦐
ATOM. $46.8A descending channel has been broken, lasting more than a year. Also, since June, an ascending triangle began to form with a probable target at a breakdown = $46.8. Curiously, the target when the descending channel is broken coincides with the target when the ascending triangle is broken.