ATOM: Signaling Further Market Decline?In this analysis I want to take a closer look at the state of the market. ATOM Was a decent performing token in the previous cycle, but it sadly failed to impress investors this cycle.
Most striking is that ATOM is one of the few alts which has actually made a new bear-market low. This token has never entered a bullish phase like most tokens did and has basically made lower-lows throughout.
This token had a 5B marketcap just a few months ago, so we're seeing some serious money leaving this token. Naturally, there's something going on in the background which amplifies the sell-off, but I'm looking at it as a potential signal that the alt market is currently in a bad spot.
There's a lot of alts that are currently not far away from their bear-market lows. If we see more and more making fresh lows it could be an indication that more selling is yet to come.
ATOM
ATOMUSDT: Ready for a Major Falling wedge breakout?Yello, Paradisers ! Are we standing on the brink of a breakout for #ATOMUSDT, or is another fake-out looming just around the corner? Let's delve into the latest technical signals and pinpoint the crucial price action that could dictate our next move!
💎#ATOMUSDT is currently flashing strong bullish signals. If it can rebound from the critical support zone at $4.035 to $3.893, there's a substantial probability of a falling wedge breakout. This could set the stage for a sustained upward trajectory, with the first target being a key internal resistance. A successful breakout here would likely attract further buying interest and fuel a bullish trend continuation.
💎However, the immediate spotlight is on the internal resistance level at $9.101. A decisive move above this mark would act as a powerful bullish confirmation, potentially propelling #COSMOS towards higher resistance zones. This move could significantly elevate the price, reinforcing a bullish narrative for the days to come.
💎But caution remains essential. If the upward momentum weakens and the price fails to hold its ground above the current support, we may witness a retracement toward a stronger support zone between $3.340 and $2.858. A failure to maintain momentum at these lower levels would invalidate the bullish scenario, leading to a potentially sharp decline.
💎At this critical juncture, the market will decide its direction. Holding firm above $4.035 and breaking out of the wedge are vital for confirming a continued bullish trend. Keep a close eye on these levels and remain agile with your strategy as the market dynamics evolve.
Stay focused, patient, and disciplined, Paradisers🥂
MyCryptoParadise
iFeel the success🌴
ATOM - Ideal BUY BACK Zone ApproachingThe greatest thing about bullish impulses / parabolic upwards price action, is when you know you can ride the tide because you ALREADY have a position.
However, this means having the courage to buy when the prices are low and there is no immediate sign of a turnaround to the upside. I'll say again; profits are made in bullish markets but secured during bearish markets.
This will, of course, largely depend on the direction of BTC over the next few weeks. So don't miss that important update HERE:
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BINANCE:ATOMUSDT
BRIEFING Week #35 : The Battle Extends FurtherHere's your weekly update ! Brought to you each weekend with years of track-record history..
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Fluctuations in a Range-Bound TrendATOM is in a range-bound trend but is experiencing strong fluctuations that may indicate the entry of strength into the market. These fluctuations could signal a potential change in the trend’s direction or the continuation of the current movement.
Potential Scenarios:
1. Downward Movement and Stop-Loss Collection:
• One possible scenario is that ATOM may first move downwards to lower levels, collecting stop-losses in these areas. After absorbing demand and attracting new buyers, the price could then move upwards, initiating a new upward trend.
2. Continuation of the Uptrend After a Short-Term Correction:
• If ATOM can move upwards after a brief downward correction without breaking below key lower levels, this could indicate market strength and a willingness to continue the uptrend. In this scenario, the price may reach higher levels and experience significant growth.
BRIEFING Week #34: Crazy Monthly CandleHere's your weekly update ! Brought to you each weekend with years of track-record history..
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BRIEFING Week #33: Market are bumpy, be cautiousHere's your weekly update ! Brought to you each weekend with years of track-record history..
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ATOM/USDT 4HHello everyone, I invite you to a quick review of the ATOM/USDT chart, taking into account the 4-hour interval. As you can see, the price tried to break above the downtrend line, but quickly returned below it.
After unfolding the fib retracement mesh, we can determine the support at the level of $4.49, then at the level of $4.28, while the third, very strong support is around $4.
Looking the other way, resistance can be determined similarly and here we see resistance at the price of $4.62, then there is strong resistance at $4.95, and then at the price of $5.26.
ATOM's Bullish IdeaATOM
Cosmos has been facing continuous bearish pressure since Jan '22.
I expect it 'hopefully' to bouce towards a new ATH from the ~$3.9 level (from 1B in MC).
The confirmation of targeting a new ATH even without reaching the ~$3.9 level is passing $14.5.
The invalidation of the idea is breaking $1.
BRIEFING Week #32: Stagflation May be InevitableHere's your weekly update ! Brought to you each weekend with years of track-record history..
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ATOM/USDT - Will the support hold ? BINANCE:ATOMUSDT (1W CHART) Technical Analysis Update
ATOM is currently trading at $6.786 and the price has reached it's support level and this support level held strong couple of times in the past, i'm expecting the support to hold this time. The trade is invalid if the candle closes below the support zone.
Entry level: $ 6.788
Stop Loss Level: $
TakeProfit 1: $ 8.050
TakeProfit 2: $ 10.629
TakeProfit 3: $ 13.189
TakeProfit 4: $ 17.218
TakeProfit 5: $ 25.846
TakeProfit 6: 38.797
Max Leverage: 3x
Position Size: 1% of capital
Remember to set your stop loss.
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GreenCrypto
ATOM Technical AnalysisATOM hits the new lows since 2022.The price is moving inside the descending channel from approximately 156 days.
Currently the price is on the support zone (Green) at $4.331 - $4.664 and résistance of descending channel middle line.
There are two scenario's
Bullish Scenario
If the price break above the resistance zone (Blue) at $6.049 - $6.590 and the descending channel upper line with high volume we could the price to the next level at $8.853 and the momentum continues the price may reach to the highest level marked on the chart at $14.186.
Bearish Scenario
If the price fails to hold the support zone (Green) we might see decline in the price to the next support zone (Pink) at $2.988 - $3.309. We might see further decline if the price fails to hold the support zone (Pink)
ATOM/USDT Trading ScenarioAs a result of "Red Monday," the price chart of ATOM hit new lows since 2022. Notice how the price stabilizes in the range of $6.551 to $14.216. This range indicates heightened interest from market participants, confirmed by the volume profile. Amid widespread panic, the asset's price moved outside this range. From a long-term investment perspective, this situation appears promising. The current price may represent an opportune entry point into the asset.
My thoughts are giving me no peace with this ideaMy opinion is that the alt season will be very powerful like in 2017. But it will be so sudden. That no one will understand at first what happened. Why do I think so? I believe that Bitcoin will not grow any more. But in order for there to be fomo on the market, it is necessary to make people buy and buy again. It is necessary for big money. There are more details in my position, which I will attach below
ATOM (Cosmos) Potential Reversal from Long-Term Downtrend#ATOM/USDT #Analysis
Description
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+ ATOM is currently trading near $5.05, slightly above the key support level of $4.46. The 21 EMA ($5.67) and 55 EMA ($9.00) are still above the current price, which may act as resistance levels if the price attempts to move higher. A successful break above these EMAs could further confirm the bullish reversal.
+ The chart highlights a strong support zone around $4.46
+ The RSI is currently at 32, indicating that ATOM is in the oversold territory and could be due for a bounce.
+ If ATOM holds above the $4.46 support level and breaks above the 21 EMA, we could see a rally towards the $14.65 resistance level. This would represent a significant potential gain of approximately 200% from the current price, making it a compelling setup for bullish traders.
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VectorAlgo Trade Details
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Entry Price: 4.464
Stop Loss: 3.128
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Target 1: 5.772
Target 2: 7.203
Target 3: 9.581
Target 4: 14.333
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Timeframe: 1W
Capital Risk: 1-2% of trading amount
Leverage: 5-10x
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Enhance, Trade, Grow
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Feel free to share your thoughts and insights.
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Best Regards,
VectorAlgo
ATOMUSDT Long Entry Opportunity✉️ Pair: ATOMUSDT
📈 Direction: Long
💯 Leverage: Cross 5x - 10x - 20x
📊 Entry1: 6.300 USD
📊 Entry2: 6.000 USD
📊 Entry3: 5.700 USD
✅ Target1: 7.200 USD
✅ Target2: 7.700 USD
✅ Target3: 8.800 USD
⛔️ Stop Loss: 5.500 USD
NASDAQ:ATOM has been trading within a descending channel on a daily timeframe, consistently respecting the trendlines. Recently, the price received a positive push from a successful retest of the channel's lower support. We anticipate a significant breakout, supported by the liquidity at $7.660, which could indicate a strong bullish move and a potential trend reversal.
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ATOM Technical Analysis in a 3-Day TimeframeHello everyone, I’m Cryptorphic.
For the past seven years, I’ve been sharing insightful charts and analysis.
Follow me for:
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~ Short-term market movements.
~ Charts supported by critical fundamentals.
Now, let’s dive into this chart analysis:
ATOM is currently holding a crucial support trendline at $5.727. It is important to see if ATOM can hold strong and reach higher levels, or if it will break down further.
The 21 EMA serves as the primary resistance for ATOM, and a close above it will likely allow the price to rally higher.
Key levels:
- Important Support/Entry: $5.727 to CMP
- Primary Resistance: $6.855
- Target: $13.62
- Invalidation Point: a close below the support trendline.
DYOR, NFA.
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Wait for best positionATOMUSDT Analysis 📊
Key Levels:
Resistance Level: $7.116 🔴
Support Level: $5.051 🟢
Entry Level: Around $6.270 to $6.318 🚀
Take Profit Points (TP):
TP-1: $6.550 🥇
TP-2: $6.851 🥈
TP-3: $7.082 🥉
Trend Analysis:
Bullish Movement (Pump):
The chart indicates the best entry point after breaking the resistance at $6.318 🚀.
In this case, there is a strong probability of a bullish move that could push the price to the specified targets 📈.
Entry and Exit Points:
Entry: When the confirmed candle is around $6. 📥
Exit: At target levels $6.550, $6.851, and $7.082 depending on risk tolerance and profit goals 📤.
Risk Management:
Stop Loss: Around $5.744 to $5.713 ❌.
Profit Target: Up to 17% 📈.
Recommendations:
Profit Expectation: If you aim for a 17% profit, wait for the price to reach $7.116 🤑.
Entry Condition: It’s best to enter after confirming the resistance break and closing the candle above $6.318 ✅.
Position Management: Always consider your risk-to-reward ratio and stick to confirmed signals 🔍.
This analysis is based on the provided information and chart. Always conduct your analysis and review your strategies 📚. Also, never forget risk management 🛡️.
ATOM: Understanding the Key Levels and Trends✨ Welcome to my channel. Here, we analyze a new crypto project or Forex pair every day.
📅 Let's dive into today's analysis, focusing on the ATOM coin in the crypto market.
🗂 About the Project: ATOM, or Cosmos, is a decentralized network aiming to facilitate interoperability between multiple blockchains. It is known for its unique consensus mechanism and ability to enable communication between different blockchain networks. Cosmos is particularly popular among DeFi and blockchain developers due to its scalability and modular architecture.
📅Weekly Timeframe
In this timeframe, ATOM has experienced significant movements. Recently, it saw an upward trend reaching a peak around the $44 level, which was a critical supply zone. Following this, the price entered a correction phase with lower volume, suggesting the strength of the previous upward trend. Currently, ATOM is at a support level of $6.51 after a correction phase.
📈 If ATOM stabilizes above $8.08, we can anticipate a bullish momentum potentially pushing the price towards the next resistance at $16.07. Confirmation of a new upward trend will depend on candle stability above this level.
📉 Conversely, if ATOM falls back into the range between $6.51 and $8.08, and stabilizes below $6.51, it indicates a bearish trend continuation. The next critical support level would be around $4.50.
📊 In both scenarios, volume analysis is crucial. A healthy trend should be supported by corresponding volume without any divergence.
📅Daily Timeframe
🔍 On the daily chart, ATOM ranged around the $8.07 level before initiating another downward wave. Currently, there is noticeable bearish momentum, and the price has found temporary support at $6.00.
🧲 Given the current setup, a stabilization below $6.00 could signal another bearish wave. On the flip side, if the price moves above $8.07, it could indicate the start of a bullish trend, targeting higher resistance levels.
📅4-Hour Timeframe
📈 In the 4-hour timeframe, ATOM has pulled back to the resistance at $6.56. Volume analysis shows a decrease, indicating potential exhaustion of the recent upward movement.
📉 For short positions, the key levels to watch are $6.56 and $7.03, where price reactions could provide better entry points. For long positions, critical levels are $5.77 and $5.20.
💥RSI Oscillator
The RSI is currently ranging between 31.20 and 36.56 on different timeframes. Breaking these levels could provide confirmation for opening positions. However, always use these levels in conjunction with candle patterns and volume analysis to find the best entry and exit points.
📉 Given the current bearish signals in the daily and 4-hour timeframes, alongside the potential trend change in the weekly timeframe, I am inclined to open a short position. However, this is based on my trading strategy. Each trader should base their decisions on their strategies and risk management plans.
⚠️ Please note that this is not financial advice. I'm simply introducing this project to you, and remember always to do your own research.
🫶 If you found this analysis helpful and want to support me, please boost this analysis. Feel free to leave a comment or suggest a coin you'd like me to analyze next.
BRIEFING Week #29 : Weekly Signals are In, Waiting for MonthlyHere's your weekly update ! Brought to you each weekend with years of track-record history..
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