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ATOM

ATOM, great more than 130% in few week!At the beginning of July we posted an image of ATOM in which it was in a macro support at the price of $ 7.8 we opened a Long the result was very interesting. we made more than 130% in a few weeks. There is currently an important resistance (red box) where the price could go down a bit or break up. Much will depend on BTC, if the bear market comes to its end, ATOM will also do very well. We stay in HODL, see you soon for new updates. LPI.sa
COINBASE:ATOMUSDLong
by LPI_Investments
ATOM / USDT - Trade setupHere's a quick look at the ATOM 15 min chart. As we can see, the price has been forming a bull pennant and we should watch out for a breakout. The best entry would be when the price breaks above the bull pennant with a good amount of volume . ------------------------------------------- The idea is: Buy when the price breaks above the bull pennant and take profits at the levels shown in the chart. Targets: 1. 16.3$ 2. 16.7$ 3. 17.1$ 4. 18$ ------------------------------------------- What are triangles when it comes to trading? Key points: "1. In technical analysis , a triangle is a continuation pattern on a chart that forms a triangle-like shape. 2. Triangles are similar to wedges and pennants and can be either a continuation pattern if validated or a powerful reversal pattern, in the event of failure. 3. three potential triangle variations can develop as price action carves out a holding pattern, namely ascending, descending, and symmetrical triangles." ------------------------------------------- If you like the content, then make sure to comment and like the post :D Follow me for daily profitable trading setups BTC dictates the market. If BTC falls, then Alts will fall as well. Trade safe!
by MBM_Crypto
6
ATOM broke out? Let's see.Hello, dear TradingView members. This is an ATOM idea. ATOM was moving inside an ascending channel for a long time and had noises below and above the channel a few times. But this time, as you can see on the chart, it received strong support from the lower band of the channel and pumped out of the upper band. It is now rejected by the first resistance level but still maintains its position outside the channel. We have two possible scenarios in front of us. Scenario One: The price will stay above the channel; after confirmation, it will pump back up to retest resistance levels. Scenario Two: The price will lose strength and fall back inside the channel, which gets rejected by the upper band and continues inside the channel. RSI is in the oversold area, so the price has room to go down. 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.
by ShawnMCR
11
Restarting the cycleATOM has been pumped, and it has been dumped. Capitulation event has passed, allowing market maker to restart the cycle. One cool thing about "second class" cryptos like ATOM is that they don't even pretend that they are not manipulating the market, they just do it and they make it straight up obvious on the chart. The goal is always to remain attractive to traders with an offer such as this setup. Anything it takes to keep up the high volume and remain at the "top of CMC ranking". That is what brings in the retail money and pays for the entire show. What is going on now is that the price is kept in this channel as market maker tries to paint it to look as bullish as possible. Expecting the violent move up to $18 as it brakes out of the channel. Pump will likely start as BTCUSD brakes out and starts moving fast. Stop loss if it closes a candle under the channel.
Long
by Owcheew8