ATOUST trade ideas
ATOM/USDT, Potential to Reach FVG ZoneThe price is currently testing the 200 Exponential Moving Average (EMA) zone, which is often considered a critical level for maintaining bullish or bearish trends. It appears that the 200 EMA zone has been broken, suggesting potential bearish momentum but the breakdown was too quick without securing this zone there. In addition to that the Fair Value Gap (FVG) zone that has not yet been filled, indicating that there may be a price movement towards this area in the future.
The presence of strong support zones below suggests that if the price continues to decline, these areas might provide some level of price stability. However, the break below the 200 EMA may lead to further downside risk, potentially activating sell-side strategies targeting the lower support levels what we are also waiting for as well!
Swallow Team
ATOM/USDT - Cosmos: TrendLine Touchโณโฑ On the $ATOM/ CRYPTOCAP:USDT chart, the Trendline Touch pattern suggests an upcoming trend shift. Traders might observe resistance around 10.423 | 11.48 | 13.439 and support near 8.464 | 7.562 | 5.603. Entering trades at 8.658 could be strategic, aiming for the next resistance level.
โฐโฒ General info :
โฃ Name: Cosmos
โฃ Rank: 27
โฃ Exchanges: Binance, Kucoin, Bybit, Huobipro, Gateio, Mexc
โฃ Category/Sector: Infrastructure - Smart Contract Platforms
โฃ Overview: Cosmos is a network of sovereign blockchains that communicate via IBC, an interoperability protocol modeled after TCP/IP, for secure data and value transfer. The Cosmos Hub, also known as "Gaia," is a proof of stake chain with a native token, ATOM, that serves as a hub for IBC packet routing among blockchains within the Cosmos network. The Cosmos Hub, like the majority of blockchains in the Cosmos network, is secured by the Byzantine Fault-Tolerant (BFT) Proof-of-Stake consensus algorithm, Tendermint.
โฐโฒ Technical Metrics :
โฃ Mrkt Price: 8.658 โฎ
โฃ 24HVol: 36,146,575.492 โฎ
โฃ 24H Chng: -2.489%
โฃ 7-Days Chng: -10.47%
โฃ 1-Month Chng: 22.97%
โฃ 3-Months Chng: 20.01%
โฒโฐ Pivot Points - Levels :
โฅ Resistance: 10.423 | 11.48 | 13.439
โข Support: 8.464 | 7.562 | 5.603
โฑโณ Indicators recommendation :
โฃ Oscillators: NEUTRAL
โฃ Moving Averages: STRONG_SELL
โฐโฒ Technical Indicators Summary : SELL
โฒโฐ Sharpe Ratios :
โฃ Last 30D: 5.02
โฃ Last 90D: 1.23
โฃ Last 1-Y: 0.01
โฃ Last 3-Y: 0.72
โฒโฐ Volatility :
โฃ Last 30D: 0.63
โฃ Last 90D: 0.52
โฃ Last 1-Y: 0.58
โฃ Last 3-Y: 1.20
โณโฐ Market Sentiment Index :
โฃ News sentiment score is N/A
โฃ Twitter sentiment score is 0.61 - Bullish
โฃ Reddit sentiment score is 0.69 - Bullish
โฃ In-depth ATOMUSDT technical analysis on Tradingview TA page
โฃ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated!
โฒ Disclaimer
Please note that the information and publications provided are for informational purposes only and should not be construed as financial, investment, trading, or any other type of advice or recommendation. We encourage you to conduct your own research and consult with a qualified professional before making any financial decisions. The use of the information provided is solely at your own risk.
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ATOM/USDT attempts to break resistance?๐ ๐ ATOM Today analysis๐ Paradisers, ready yourselves for an exciting opportunity with #ATOMUSDT. Recently experiencing a rejection at resistance, it is gearing up for another attempt, with a strong likelihood of breaking above and embarking on a bullish journey.
๐ NASDAQ:ATOM has shown a tendency to adhere to a descending trendline, breaking above it to initiate an upward movement. Currently, after a rejection from the resistance level of $10.4150, It is positioning itself for another bullish push. This is further indicated by significant spikes in trading volume, suggesting a potential upward move.
๐ There's a considerable chance for a bullish movement starting from the demand level of $9.0104. Upon successful continuation, #ATOM is set to challenge resistance levels at $10.5337, and could potentially soar as high as $12.9671.
๐ For the savvy Paradisers, timing is crucial for capitalizing on this opportunity. Pinpointing the optimal entry points during this expected rise is key, while carefully avoiding buying at the peak. Moreover, it's essential to be prepared for the possibility of #ATOM dipping below the $9.0104 demand level. Should this occur, a bullish rebound from the support level of $7.9619 might be the next move. However, breaching this support could raise concerns about the sustainability of the bullish trend.
๐ In this dynamic market landscape, strategic thinking and decision-making are paramount. Developing a comprehensive trading strategy that encompasses sound money management and a clear understanding of support and resistance levels is essential for successful trading outcomes.
ATOM/USDT Bullish Horizon? ๐ ๐ Atom Today analysis๐ Paradisers, prepare for a promising opportunity with ATOMUSDT, as it demonstrates a pivotal shift from resistance to support, indicating a strong likelihood of a bullish trend.
๐ Historically, ATOMUSDT has adhered to a pattern of breaking above its descending channel and embarking on an upward trajectory. Currently, it has surpassed the resistance level at 8.728, and with its robust momentum above the EMA100, the odds are in favor of a bullish move following a retest confirmation.
๐ Alternatively, should ATOMUSDT falter in maintaining its momentum and descend below the support during the retest, a bullish strategy from the demand level at 7.515 might be initiated. A breach below this demand level could trigger a significant downward trend.
Cosmos (ATOM) Trading Below Expectations Despite Bullish Trend
Both the global and local market trends for ATOM are in a downturn. At the moment, ATOM is trading close to the support zone between $6.57 and $6.71, having reached this point due to the decline of BTC on October 9.
If the downturn of Cosmos persists, and the current support level is breached, we may see increased buying activity within the $6.3-$6.4 range, and notably around the significant psychological level of $6.0. Such a decline seems probable should BTC continue its negative trajectory.
For a shift towards an upward trend, buyers would need to push through the resistance zone of $6.92-$7.06, tackle the sellers' mark at $7.2, and clear the $7.34-$7.5 bracket. Only with such momentum could there be a possibility of testing and potentially surpassing the recent high at $7.68.
Target in top CH*-Technical Analysis ๐
Entry in low CH & midll renge to High level CH + latest breakeven
*Trade (Buy/Sell) ๐
8.095 - 7.750 - 7.520 $
*-Stop Loss ๐ด
7.170 $
*-Take Profit ๐ฏ
8.095 - 8.555 - 9.107 $
*-Risk Management ๐ง
3-5%
๐จโ๐ Experience and Education: Our trading team has five years of experience in financial markets, especially cryptocurrencie
ATOMUSDT#ATOM:
Reached $9.00 resistance, faced rejection, retraced to $8.75. Watching for potential breakthrough; $9.00 turning into support might lead to $9.50 test.
Overbought on daily timeframe; possible reversal. Next support at daily 200 Moving Average ($8.60) or $8.00-$8.50 area.
๐๐น #ATOM #Trading #Bticoin ๐โจ
#ATOMUSDT #LQR #TOBTC #LaqiraProtocolThe price is below the daily resistance. We expect a correction due to the Bitcoin conditions. The Levels you can look for after the reasons for entering after confirmation according to your strategy. This analysis is a personal viewpoint and the offer is not buy or sell.
ATOM/USDT | 1d ๐#ATOM: We are witnessing a breakout from the trend, and it's maintaining a solid grip on a key support level. These indicators are reinforcing my confidence in this trade, making it a noteworthy option to explore. ๐๐
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Stay updated on market news and developments that may influence the price of Cosmos. Positive or negative news can significantly impact the cryptocurrency's value.
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Exercise patience and discipline when executing your trading plan. Avoid making impulsive decisions driven by emotions, and adhere to your strategy even during periods of market volatility.
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Remember that trading always involves risk, and there are no guarantees of profit. Conduct thorough research, analyze market conditions, and be prepared for various scenarios. Trade only with funds you can afford to lose and avoid excessive risk-taking.
#Crypto #Coins #Cosmos #Trading #ATOM