BRIEFING Week #3 : Crypto Volatility, What to do ?!Here's your weekly update ! Brought to you each weekend with years of track-record history..
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ATOM
ATOMUSD Daily S/R Resistance| VAH| .618 Fibonacci
Evening Traders,
Today’s analysis – ATOMUSD- trading towards a key resistance zone where a rejection is likely,
Points to consider,
- Price Action Corrective
- Daily S/R Resistance
- VAH Resistance
- .618 Fibonacci Resistance
ATOMUSDT’s immediate price action is at an area of resistance compromised of the .618 Fibonacci, Daily S/R and the Value Area High, this allows for a bearish bias.
A rejection here will continue the bearish trend by establishing another lower high.
The overall target is the POC and level that will confirm the next higher low if price action finds support.
Hope this analysis helps!
Thank you for following my work
And remember,
“You have power over how you'll respond to uncertainty.”
― Yvan Byeajee,
ATOM FORMING ANOTHER LOWER HIGH - BEARISHAs you can see $ATOM #COSMOS is forming a new LOWER HIGH & RSI is in extreme overbought territory.
This is not how bull runs begin.
Almoust every other altcoin has same pattern, aswell as #BITCOIN. The market has to correct to get more fuel to rise higher.
Earnings season is estimated for TradFi to be bad compared to previous year. If SPX corrects, crypto will follow.
Fundamentaly $ATOM is the strongest crypto project in our view, but macro view and TA makes us think we're ready for correction.
Maybe no new lows will be made, but due to extreme overbought levels in RSI price needs to correct a bit.
ATOM Bullish Pennant!ATOM has broken neckline of Adam and Eve and sitting in bullish Pennant for possible upside to about $13.
Possible re-entry ideas on pullback. As usual #Bitcoin rules the direction but develop an eye to see the next moves.
We are not predicting but preparing.
If you liked this idea or if you have your own opinion about it, write in the comments.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations.
ATOM :: Falling in the end !ATOM :::
The price has broken out of the larger channel and corrective movements are shown in a smaller channel .
The price will move towards the bottom of the bigger channel, but due to the resistance there, the price will move down .
Resistances :
1_ Floor of the bigger channel .
2_ The roof of the smaller channel .
3_ Linear resistance .
Cosmos ATOM price "tasty" to buy for medium and long termThe ATOMUSDT price has been moving in a beautiful trade channel for the last 3 years.
Now ATOMUSD price has entered the liquidity zone of $8.00-9.50 and is also near the bottom of the channel.
Well, it looks like the $8.00-9.50 liquidity zone is not a bad place to place grid orders to buy ATOM on a likely falling.
Medium-term growth prospects for Cosmos token - $20-26
Recall that tomorrow and the day after tomorrow, increased volatility is expected in all markets and especially in the crypto market.
After all, on 13.12 the US Consumer Price Index (CPI) will be updated, and on 14.12 the Federal Reserve will announce a new US Fed funds rate (forecast +0.5%)
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approaching the high volatility zoneHello?
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(ATOMBTC 1W chart)
I think one of the coins that are ranked high by market cap but not getting the attention is the ATOM coin.
If the price continues to rise above 0.0006 508, which is an important volume profile point, it is expected to release upward force.
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(ATOMUSDT 1W Chart)
I think the 11.992-15.083 section is the last resistance section to continue the upward trend from a mid- to long-term and investment perspective.
As such, it is currently in a price range that is burdensome to trade.
(1D chart)
The key is whether the price can sustain it by moving above the downtrend line (1) and above 12.881.
However, the 12.881-15.083 section is composed of HA-High, and there is a possibility of large volatility when it rises above 12.881.
Therefore, it is a section that should be divided and sold to those who already hold it.
A new buy point is possible when we see support around 15.083, but we do not recommend it.
The reason is that this coin market rise is expected to end in a short period of time.
The basis for such judgment lies in the decline of BTC dominance.
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** All descriptions are for reference only and do not guarantee profit or loss in investment.
** If you share this chart, you can use the indicators normally.
** The MRHAB-T indicator includes indicators that indicate points of support and resistance.
** SR_R_C indicators are displayed as StochRSI (line), RSI (columns), and CCI (bgcolor).
** The CCI indicator is displayed in the overbought section (CCI > +100) and oversold section (CCI < -100).
(Short-term Stop Loss can be said to be a point where profit or loss can be preserved or additional entry can be made by split trading. This is a short-term investment perspective.)
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ATOM Forming Pennant, Will it Make or BreakThis bearish daily chart shows that the price of ATOM has decreased since last month. If this price decrease continues, ATOM could break the $5.939 support level and move lower to $4, the bearish signal for 2023.
Presently, ATOM is on a bearish trend as indicated in the recent downtrend. Since the 200-MA is above the 50-MA, we can deduce that the price is bearish for long-term investors.
But if ATOM broke out of its pennant and rise higher, it can reach up to its resistance level. However, it broke the lower trendline, and a possible reach to its support can be seen.
Resistance: $14
Support: $6
BRIEFING Week #2 : First one of 2023 !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 ;)
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Phil
Negative reaction to the resistanceIn the weekly timeframe, it is a bearish trend, and with a high probability, the main resistance in the range of $12.5 to $13.2 can bring a negative reaction, and it is the place for some short-term buyers to save their profits. Support is considered for ATOM in the range of 10.47 to 10.75 dollars, and we can expect a positive reaction from this range if the price returns.
Cosmos ATOM will find it’s bottom at this level!Hello, my friends!
As I told you many times all cryptomarket will show us the last stage of the bear market. ATOM is not the exception. Cosmos is a funamentally strong project and if you believe in it’s bright future I will share with you the price levels where I am going to purchase it.
ATOMUSDT has the clear Elliott waves structure. Waves 1, 2 and 3 have been printed. Wave 4, as I consider has been also finished at $17 and I don’t think that the price will reach this level only in the next bull run. This price level perfectly coincides with the 0.38 Fibonacci retracement. This is an ordinary wave’s 4 target.
Now ATOM is in wave 5, but where is the final bottom target. I have some difficulties with it’s defining using trading chaos approach, because it has the negative value. In this case I use the liquidity collection approach. I can see the greatest liquidity pool at the $3-$3.3 area. I suppose that price with 90% probability reach this levels. We should see the divergence on the Awesome Oscillator on the 3D time frame to make sure that the bear market is finished. Let’s see what will happen!
Best regards, Ivan
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ATOM: Approaching ResistanceCosmos (ATOM) technical analysis:
Trade setup : Price has bounced off of $8.50 support and broke back above $10 resistance, however another resistance looms ahead: 200-day moving average at $11. If it breaks above that, it would make a Higher High and signal trend reversal to Uptrend.
Trend : Uptrend on Short-Term basis and Downtrend on Medium- and Long-Term basis.
Momentum is Bullish (MACD Line is above MACD Signal Line and RSI is above 55).
Support and Resistance : Nearest Support Zone is $8.50. The nearest Resistance Zone is $10.00 (previous support), then $12.50.
ATOMUSDT Short Trading Idea with Easy Invalidation.ATOM Short Trading Setup.
What I'm Looking In this Trade:
H4 Retest of key level 9.5 to fill previous vector candle.
Starting to DCA from 9.447 following next bid at 9.615 just incase fake pump or scam wick.
Confirmation to setup will be hard rejection at 9.615 with H4 Closing near 9.5
Hence, Its an easy invalidation to setup and reward is 4x time grater than risk.
ATOMBTC looks bearish (57 % dump likely) ATOMBTC has been in a very well-defined downtrend from January 2022.
A temporary horizontal support has held , however the price remains under downsloping resistance and overall the structure is very bearish as it's been creating only lower highs and lower lows.
We expect downtrend to continue for a while therefore 57 % dump is likely for ATOMBTC. After that it makes sense to flip bullish on this pair.
In August 2022 we published analysis where we expect a huge drop for a whole crypto market:
So far, this idea is playing out as expected and we believe that the final capitulation is coming which would trigger a 50%+ dump on ATOMBTC as well.