Scenario for a bearish continuationI propose this scenario for a bearish continuation on ATOM daily timeframe. I'm expecting a small rebound across all markets and then a big move to the downside.
ATOM
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(ATOMUSDT 1W Chart)
Whether the 12.282-15.837 section is supported and able to rise is the key.
(1D chart)
We need to see if we can move up along the uptrend line passing near 12.282.
If not, there is a possibility that it will drop to around 9.603.
If the price is maintained above the 15.083-15.837 section, it is expected to continue the upward trend.
The 12.282-15.837 section is a trend-determining section, and you can buy if you see support near 12.282.
However, as I mentioned in the description of the BTC chart, I think it is time for altcoins to gain support by increasing the BTC price by at least 20.7K.
Therefore, before that, it is recommended to trade conservatively when trading altcoins.
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** All descriptions are for reference only and do not guarantee a profit or loss in investment.
** If you share this chart, you can use the indicators normally.
** The MRHAB-T indicator contains indicators that indicate support and resistance points.
** SR_R_C indicators are displayed as StochRSI(line), RSI(columns), CCI(bgcolor).
** CCI indicator is expressed as overbought range (CCI > +100) and oversold range (CCI < -100).
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
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#ATOM/USDT 1DY UPDATE !!Hello dear traders, we here new so we ask you to support our ideas with your LIKE and COMMENT, also be free to ask any question in the comments, and we will try to answer for all, thank you, guys.
Cosmos (ATOM):-
On the other side of the spectrum, another notable mover on Wednesday was cosmos (ATOM), which fell by as much as 10%.
ATOM/USD slipped to a low of $12.69 earlier in today’s session, breaking out of a key support point of $13.40 in the process.
This decline pushed cosmos to its lowest point since September 8, days after the token rallied from the support of $11.55
Looking at the chart, today’s drop comes as the 10-day (red) moving average had a downwards cross versus its 25-day (blue) counterpart.
Should this bearish momentum continue, we could see ATOM on a collision course with a floor of $11.55.
A positive for bulls come in the form of the 14-day RSI, which seems to have found a floor of 44.95, which could help stop the bleeding momentarily.
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ATOM moved 10% down. What's next?Hello, dear TradingView members.
This is an ATOM idea.
ATOM just fell down from the ascending channel it was moving in. This has happened before, so it can be just a noise caused by the 1000 dollars change in Bitcoin.
However, the price is below the channel, and there's only one resistance on the way down, which is very powerful. We have the possibility of going back up.
There are two scenarios in the current situation:
Scenario One:
The price will go back inside the channel and gets support from the lower band of the ascending channel to move back up.
Scenario Two:
The price will get rejected by the lower band of our channel and move back down on support.
RSI is near the overbought area, and the price has more room to go up.
Now let's see your ideas. Let's have a discussion.
Let me know if you guys have any questions;
I will be more than happy to help.
Good luck, and thank you.
Cosmos longCosmos bounced off the lower boundary of descending channel. Bullish movement to resistance level at 14.52 is possible.
ATOMUSDT H2ATOMUSDT With market sentiment starting to turn bearish, with many market participants worried about the Fed's decisions and also the global geopolitical situation, there was a pullback yesterday again in the price of BTC, affecting the entire crypto market, including ATOM.
Meanwhile, technical factors also point to a rally, as ATOM always has a brute buying force. At H2 we are already on the lower edge of the Keltner channel which is a powerful support. Fibonatti imposes a resistance at $13.64 and after breaking it we will reach our target of $14.04.
In terms of other ATOM fundamentals, no worries, high-octane currency; ATOM is reworking its white paper bringing many improvements to the entire COSMOS ecosystem.
ATOMUSDTPERPETUAL SNIPER ENTRY POINTSHi Trader
Details Are given on the chart. Do not forget to place a stoploss
ATOM - Testing short term supportSince the beginning of the week prices gives alert signal, with a breakout of daily Kijun.
Currently, test of the short term trendline. If it breaks, beware of the trend reversal with 12.29$ as a first target then 11.70$ .
Also, daily cloud isn't that far, if we go below, back in bears territory.
ATOM Levels to hold if we want higherKey horizontals to hold IMO if we want to push higher. Thoughts on the chart mostly.
atom usdt updateHi everyone
as i told you guys today is good day
becouse btc has broked the range box and im here for update atom chart
i hope you will enjoy it
thank you
ATOM - on it's way to $20
Atom hit support and is moving towards the target of $20.
Best, Hard Forky
Zcash ZEC VS BTC Bitcoin - Altseason Breakout Strategy - PrivacyThe possible use cases are as numerous as with any Defi system. One example might be the ability to purchase an NFT using shielded ZEC, allowing the purchaser privacy by shielding onlookers from prior transactions and ZEC holdings. Another example use case might be the ability to loan ZEC for yield where the originator of the loan remains private.
Does this mean ZEC is actively pursuing to become an IBC-compatible Cosmos Zone?
On a similar note, KEEP Network is soon launching a NuCypher collaborative solution for tBTC v2. Considering Matt’s @mhluongo past activity in here, is there a tZEC solution that’s actively being researched/built at the moment?
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ATOM USDTBINANCE:ATOMUSDT ATOM USDT SHORT AND LONG POSITIONS
hello my friends
today we will see a big momentum in atom usdt
i hope you will enjoy it
thank you
atom vs btcatom vs btc for good measure...used a fractal from the run up after the bottom to superimpose over the fibbonacci...not sure if it works we will find out together
ATOMUSDT topping pattern -- where to shortATOMUSDT has a small break of structure on the 4h. I expect one final liquidity grab in the monthly r2 region ~$16.00 before it descends. Very reasonable TP1 and TP2 targets shown based off fib projections and supporting volume profile. Could go a lot lower. Idea invalidated with close (new high) above monthly R3 pivot.
*Setup Notes*
Entry zone: 15.5-16.16
Stop loss: 17.8
TP1: 10.83
TP2: 8.15
Daily view, with key support/resistance point at 17.8 (and why I am watching that level carefully):
ATOM is movingSince 2 months and a half, ATOM has been well performing despite the fluctuation of BTC and the whole market.
In my opinion, ATOM will make an increase of 10% from here, in short-term.
Here below is a bigger view for ATOM (in 1D TF). It is moving in a ascending channel.
$ATOM short updateIf $ATOM closes this daily candle above $14.2. I'll consider closing my short.
Otherwise I think this downtrend continues.
ATOM is looking absolutely stunning!Let’s take a look at ATOM. All drawing tools drawn on the weekly time frame. But wanted to see how the daily time frame is looking.
Daily chart looks absolutely primed and ready for a big movement. ATOM looks bottomed out on the daily and weekly time frames.
Fully expect for ATOM to start making its movement to .618 fib at $22.80 level. Red box of resistance definitely needs to be retested. If these two movements come through then I’d expect a witch to the .786 at $27.50
Take profits off the table at .618, red resistance box and lastly at the .786 then set a trailing stop loss.
Again ATOM has huge upside potential! Trade safe!
What’s everyone think?
ATOM : Daily chart update Dear Cosmonauts,
Since the last few days and the volatility of the current market, Atom remains strong, for the moment.
Currently, Daily Kijun isn't broken yet. And prices are invalidating the sell signal (given by a break of daily Kijun).
So, 13.67$ is the main support. If this one breaks, then 12.79$ is the next support.
The next few hours will be important !
Cheers.
