ATOM
Cosmos (ATOM): Buy the Dip Strategy in short termHi everyone!
Cosmos' main trend is still bearish , but we do not rule out some interesting corrective moves in the near term. If our analysis is correct, it might be interesting to accumulate on corrective swing and let Long positions run to 12.30 or 15.50 area.
If this idea will be supported by your "Likes" we will continue to follow the crypto with updates below.
thanks for your attention and please... trade with care! 💖
Important supply and demand levelsMinor support on the downside is located in the $11.60-$12 range, which could create a positive swing in the lower time frames. But the possibility of breaking it is high. Therefore, the second support provided for ATOM has a stronger positive reaction potential. Note that after the price reduction, COSMOS trading in the price channel of $11-$10 can continue for some time. Because in the higher timeframes, this area is one of the important supply and demand levels.
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!
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ATOMEUR 'D' - Another Cosmos Buy Signal to the Upper TrendWe've recently published an Idea regarding a Long signal with ATOMEUR on the 2D timeframe, we've got the same signal from Crypto Tipster v2 on the Daily timeframe too, this can only be a good thing!
As you can see there is a potential layer of resistance near the center of this symetrical triangle, which could take a second push to break through, but generally speaking the price should rebound top to bottom and back again when at this stage of such a triangle - a genuine breakout shouldn't happen until much later on when the squeeze pressure becomes too much!
We're going for a 30% price increase lasting just over a month until near mid-february - what a nice valentines day present this could be!
ATOMEUR '2D' - A Predictable 30% Rise Over Next MonthAtom is currently caught within a near perfect symetrical triangle, having just rebounded again off the bottom edge.
Our Crypto Tipster v2 Indicator has been having some amazingly good trades with ATOMEUR '2D' over the last year or two and this could be another one. Already showing gains of nearly 5% by the time we've got around to writing this Idea!
Given this signal has been given on the 2D timeframe it could take some time to see these gains come to fruition, but at some point within the next 6 weeks we should see the price steadily rise to the upper descending trend line - offering a total of around 30% profit; not too bad!
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
✴️ 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::)
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.
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ATOMETH '2D' - Breaking Through to Hit Top Trend LineWe've had some excellent signals on ATOMETH over the last couple of years on the 2D timeframe, this could be another one, but maybe one of the last before we reach the end of this long descending trend line.
There's a few layers of strong support on the underside currently which only improves the odds of touching this upper trend line - let's wait and see with this one, what do you think?
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.
ATOMETH 'D' - Rebounding off Symmetrical Triangle Lower EdgeThis could be a really nice 20% long trade on Atom over the next month or two.
We've got a nice Buy signal coming in from Crypto Tipster v2, the price is deflecting off the lower edge of an almost perfect symmetrical triangle and off of 2 areas of recent support AND there's not much in the way of resistance until the top edge of the aforementioned triangle. Wow that's a long sentence ;)
What are your thoughts?