ATOM/USDT: A Promising Choice for Short and Mid-Term Hello traders! I am excited to present ATOM/USDT as a noteworthy asset for short and mid-term trades. The current market conditions indicate strength in this coin, instilling a strong belief in its potential to soar in the coming days. However, it is essential to emphasize that this information is not financial advice. Before making any investment decisions, it is recommended to conduct your own research (DYOR).
ATOM
ATOM: Approaching SupportTrade setup : Following a bearish breakout from a Channel Up pattern, price could pull back to near $8.50 support (also 200-day MA) near-term, which could be an attractive swing entry, with upside back to $13.00 thereafter. Stop Loss (SL) level at $8.15 (just below the prior swing low and below nearest support level).
Trend : Downtrend on Short-Term basis, Neutral on Medium-Term basis and Uptrend on Long-Term basis.
Momentum is Bearish (MACD Line is below MACD Signal Line, and RSI is below 45).
Support and Resistance : Nearest Support Zone is $8.50, then $7.50. The nearest Resistance Zone is $10.00, then $13.00.
ATOM BULLISH RSI DIVERGENCE!ATOM hasn't had the best performance comparing to other alts like $SOL. but if we look at the charts, we can speculate that is about to change.
ATOM has formed a bullish RSI divergence on weekly timeframe. we can expect to see ATOM outperforming BTC in the next 3-6 months.
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$ATOM - COSMOS Ecosystem Analysis SeriesI will post a series of longer timeframe technical analysis on Cosmos Ecosystem coins.
Cosmos is designed to solve some of the most pressing issues in the blockchain space: scalability, interoperability, and usability. Its unique architecture, centered around the Tendermint consensus mechanism, allows for unparalleled efficiency and speed in transaction processing, making it a go-to choice for developers seeking robustness and reliability.
Let's start with the #ATOM, Cosmos' native token, not only serves as the fuel for this interstellar journey but also as a symbol of stakeholder participation in the governance of this ever-evolving ecosystem. This democratization of control empowers users, ensuring that the direction of Cosmos aligns with the collective will of its community.
ATOM weekly chart shows great long term potential for price appreciation. Price dips to $9-$10 zone is a great buy zone. My first target is $20 and the second target at $30. Not a financial advice. Under $10 I'm accumulating.
JUMP in new years (ATOM)📊Analysis by AhmadArz:
BACK TO BREAK ZONE.
🔍Entry:11.01
🛑Stop Loss:10.676
🎯Take Profit:11.30-11.80-12.30
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ATOM: Channel Up BreakoutTrade setup : Price remains in an Uptrend, however, following a bearish breakout from a Channel Up pattern, price could pull back to $8.50 support (also 200-day MA) near-term, which could be an attractive swing entry, with upside back to $13.00 thereafter.
Trend : Downtrend on Short-Term basis and Uptrend on Medium- and Long-Term basis.
Momentum is Bearish (MACD Line is below MACD Signal Line, and RSI is below 45).
Support and Resistance : Nearest Support Zone is $10.00 (previous resistance), then $8.50. The nearest Resistance Zone is $13.00, then $15.40.
ATOM: Channel UpTrade setup : Price is trading in a Channel Up pattern.
Swing traders: can enter near Channel support trendline (~$11) and exit near Channel resistance trendline (~$13). Stop Loss (SL) at $9.50. Previously, price broke above 200-day moving average to confirm a bullish trend reversal to an Uptrend.
Pattern : Price is trading in a Channel Up pattern. With emerging patterns, traders who believe the price is likely to remain within its channel can initiate trades when the price fluctuates within its channel trendlines. With complete patterns (i.e. a breakout) – initiate a trade when the price breaks through the channel’s trendlines, either on the upper or lower side. When this happens, the price can move rapidly in the direction of that breakout.
Trend : Uptrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Mixed as MACD Line is below MACD Signal Line (Bearish) but RSI ~ 50 (Neutral). MACD Histogram bars are rising, which suggests that momentum could be nearing another upswing.
Support and Resistance : Nearest Support Zone is $10.00 (previous resistance), then $8.50. The nearest Resistance Zone is $13.00, then $15.40.
Reference point for rise and fall: 11.648Hello traders!
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(ATOMUSDT chart)
ATOM is one of the representative coins that is expanding the coin ecosystem.
(1M charts)
If the price rises above the MS-Signal indicator and maintains the price, it is expected to turn into an upward trend.
However, since the HA-High indicator is located at 23.269, a full-fledged upward trend is expected to begin only when the HA-High indicator rises above the HA-High indicator.
Accordingly, it is necessary to see whether the HA-High indicator can be created by falling.
(1W chart)
In order to maintain the price above the MS-Signal indicator (M-Signal) on the 1M chart, the key is whether the price can be maintained in the 11648-13841 range or higher.
If it falls, you should check for support around 8.921-9.603.
(1D chart)
Ultimately, in order to continue the upward trend, it is expected that it will have to rise above 13.962-15.083.
Accordingly, it can be divided into the 7.750-11.648 section and the 11.648-15.083 section.
The next period of volatility is expected to be around January 24th.
At this time, the key is whether it can rise above 13.962.
Have a good time.
thank you
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- The big picture
The full-fledged upward trend is expected to begin when the price rises above 29K.
This is the section expected to be touched in the next bull market, 81K-95K.
#BTCUSD 12M
1st: 44234.54
2nd: 61383.23
3rd: 89126.41
101875.70-106275.10 (when overshooting)
4th: 13401.28
151166.97-157451.83 (when overshooting)
5th: 178910.15
These are points that are likely to encounter resistance in the future.
We need to see if we can break through these points upward.
Since it is thought that a new trend can be created in the overshooting area, you should check the movement when this area is touched.
If the general upward trend continues until 2025, it is expected to rise to around 57014.33 and then create a pull back pattern.
1st: 43833.05
2nd: 32992.55
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** All explanations are for reference only and do not guarantee profit or loss in investment.
** Trading volume is displayed as a candle body based on 10EMA.
How to display (in order from darkest to darkest)
More than 3 times the trading volume of 10EMA > 2.5 times > 2.0 times > 1.25 times > Trading volume below 10EMA
** Even if you know other people’s know-how, it takes a considerable amount of time to make it your own.
** This chart was created using my know-how.
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ATOM: Channel UpTrade setup : Price is trading in a Channel Up pattern. Swing traders: can enter near Channel support trendline (~$10) and exit near Channel resistance trendline (~$13). Stop Loss (SL) at $9.50. Previously, price broke above 200-day moving average to confirm a bullish trend reversal to an Uptrend.
Pattern : Price is trading in a Channel Up pattern. With emerging patterns, traders who believe the price is likely to remain within its channel can initiate trades when the price fluctuates within its channel trendlines. With complete patterns (i.e. a breakout) – initiate a trade when the price breaks through the channel’s trendlines, either on the upper or lower side. When this happens, the price can move rapidly in the direction of that breakout.
Trend : Uptrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Mixed as MACD Line is below MACD Signal Line (Bearish) but RSI ~ 50 (Neutral).
Support and Resistance : Nearest Support Zone is $10.00 (previous resistance), then $8.50. The nearest Resistance Zone is $13.00, then $15.40.
ATOM/USDT Secondary trend (part). Symmetrical triangle.Logarithm. Time frame1 day. Part of the secondary trend (right shoulder area).
A rather significant symmetrical triangle has formed over several months. The price is almost in the very corner. The denouement should occur in the near future (from the trend position). The price is almost in the very corner of the figure. The areas of the reversal levels are marked in yellow and the percentages of them. I don't recommend to work inside the formation at the moment (final phase of its formation), but to wait for the outcome, i.e. a breakdown, and better yet a pullback after the breakdown and confirmation of the reversal.
Fundamentals and the distribution of coins by price between market participants are initially "different purse."
I would also add, it is fundamentally one of the most promising blockchains and one of the cryptocurrencies in speculative terms with the most unfair competition. Consequently, always limit the potential losses in your work. For you super losses, for someone this price will be the most inadequate profit.
This is what this triangle looks like on a line chart.
The entire secondary trend. Time frame 1 week
ATOM/USDT Secondary trend. Right shoulder area
The main trend. Time frame 1 week.
ATOM: Channel UpTrade setup : Price broke above $10.00 resistance to signal continuation of an Uptrend with upside potential to $13.00. Price is trading in a Channel Up pattern. Swing traders: can enter near Channel support trendline (~$10) and exit near Channel resistance trendline (~$13). Stop Loss (SL) at $9.50. Previously, price broke above 200-day moving average to confirm a bullish trend reversal to an Uptrend.
Pattern : Price is trading in a Channel Up pattern. With emerging patterns, traders who believe the price is likely to remain within its channel can initiate trades when the price fluctuates within its channel trendlines. With complete patterns (i.e. a breakout) – initiate a trade when the price breaks through the channel’s trendlines, either on the upper or lower side. When this happens, the price can move rapidly in the direction of that breakout.
Trend : Uptrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Mixed as MACD Line is below MACD Signal Line (Bearish) but RSI > 55 (Bullish).
Support and Resistance : Nearest Support Zone is $10.00 (previous resistance), then $8.50. The nearest Resistance Zone is $13.00.
ATOM: Channel UpTrade setup : Price broke above $10.00 resistance to signal continuation of an Uptrend with upside potential to $13.00. Price is trading in a Channel Up pattern. Swing traders: can enter near Channel support trendline (~$10) and exit near Channel resistance trendline (~$13). Stop Loss (SL) at $9.50. Previously, price broke above 200-day moving average to confirm a bullish trend reversal to an Uptrend.
Pattern : Price is trading in a Channel Up pattern. With emerging patterns, traders who believe the price is likely to remain within its channel can initiate trades when the price fluctuates within its channel trendlines. With complete patterns (i.e. a breakout) – initiate a trade when the price breaks through the channel’s trendlines, either on the upper or lower side. When this happens, the price can move rapidly in the direction of that breakout.
Trend : Uptrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Mixed as MACD Line is below MACD Signal Line (Bearish) but RSI ~ 50 (Neutral).
Support and Resistance : Nearest Support Zone is $10.00 (previous resistance), then $8.50. The nearest Resistance Zone is $13.00.
Cosmos is looking greatCosmos (ATOM) is positioned for a great move. This is a 3W chart so it will take several months to play out. I'm accumulating below $10.50 preferably any dips to 9.50-9.90 range. My first target is $20 and my second target is $32 dollars. This is not a financial advice please DYOR.
BRIEFING Week #51 : Happy Holidays to you All !Here's your weekly update ! Brought to you each weekend with years of track-record history..
Don't forget to hit the like/follow button if you feel like this post deserves it ;)
That's the best way to support me and help pushing this content to other users.
Kindly,
Phil
ATOM: Channel UpTrade setup : Price broke above $10.00 resistance to signal continuation of an Uptrend with upside potential to $13.00. Price is trading in a Channel Up pattern.
Swing traders: can enter near Channel support trendline (~$10) and exit near Channel resistance trendline (~$13). Previously, price broke above 200-day moving average to confirm a bullish trend reversal to an Uptrend.
Pattern : Price is trading in a Channel Up pattern. With emerging patterns, traders who believe the price is likely to remain within its channel can initiate trades when the price fluctuates within its channel trendlines. With complete patterns (i.e. a breakout) – initiate a trade when the price breaks through the channel’s trendlines, either on the upper or lower side. When this happens, the price can move rapidly in the direction of that breakout.
Trend : Uptrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Bullish (MACD Line is above MACD Signal Line and RSI is above 55).
Support and Resistance : Nearest Support Zone is $10.00 (previous resistance), then $8.50. The nearest Resistance Zone is $13.00.