ATOM
ATOMUSDTHello Dear friends
Currently, we do not expect to form an upward trend. On the other hand, in order to have a stronger downward trend, orders should be taken from the main area.
As a result, if the price range of $9.97 is lost, the yellow range ($12.9) becomes valid for us, and from this range we can expect the formation of a downward trend until the yellow area ($6.17).
We will be happy to hear your comments
Could Atom do this again?Low risk short on Atom. Price is back in supply zone and appears to be stalling once more. Could be sign. Let see. The last time I called the selloff the rest of the crypto market dropped along with Atom. BTC seems to be struggling to hold above 20k which is concerning. I will reassess BTC soon and post a chart and discuss this global issue further.
ATOM is still outperforming BitcoinHey Cosmonauts,
Atom is still outperforming Bitcoin and the whole crypto market.
Currently, no sign of threat for the short term uptrend. Prices and Lagging Span are still above daily cloud and Kijun.
There are two main target for prices, but first, they need to break the resistance at $12.93.
Then, flat of daily SSB, at $16.63, and weekly Kijun, at $19.44, are the two main targets.
The first support is the daily Kijun, at $11.7. Then, the cloud is the next support area.
Let's see how it goes !
ATOM || ATOM USDT || SMC On a Daily TF, ATOM has been quite bullish for sometime, and even though it did tap into a 4H supply zone, it failed to break the structure to the downside, and price bounced back up from the Demand Zone. Expecting the price to break to remain Bullish before tapping into another Supply zone (Refined Zone 14.177 - 15.371 on 4H TF)
ATOM analysis
We would like to start with what is obvious, we see that Atom has stopped following the market and Bitcoin, as most cryptocurrencies do. For all the fall of Bitcoin from $25k to $19.5k (-22%), ATOM showed an increase from $12 to $13 and is now trading in the same range as it was 2 weeks ago when the entire market was growing. It is impossible to deny that ATOM goes strictly along the channel where each minimum is higher than the previous one, which is a very strong bullish sign. We believe that there is now a large accumulation of this coin. For long-term buying, We would wait for the exit from the channel down, the collecting of liquidity there and a sharp return to the top, and in this area you can make long-term buys.
Moreover, fundamentally, we are waiting for many interesting announcements:
• September 26-28 — a large-scale Cosmoverse conference, where they announce ATOM 2.0, a security update...
• September 28-29 - SmartCon LINK conference, where they will talk in more detail about staking and new tokenomics.
Conferences are always announcements + insiders that buy token.
What else did we forget to add?
Cosmos Hub (ATOM) - September 3Hello?
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(ATOMUSDT 1W Chart)
- The key is whether you can climb to the 15.083 section.
- When the Stoch RSI moves out of the overbought zone, the key is whether it can find support near 9.603.
(1D chart)
Primary resistance: 15.083
Secondary resistance: 20.955-23.269
Support: 6.809-9.603
It is necessary to check whether it is supported near 12.380.
If it does not find support, it is likely to move towards the 9.603 level.
- As the Stoch RSI indicator rose before falling to the oversold section, it can be seen that the bearish force is weak.
However, if it fails to rise in the overbought zone and falls, it means that the upside power is also weak.
This weakening of the overall strength increases the likelihood of a sideways movement, so the area around 12.380 is expected to be an important support and resistance point.
- The 15.083 point is the point of support and resistance drawn on the 1M chart, which is important from a long-term perspective.
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** All descriptions are for reference only and do not guarantee a profit or loss in investment.
** The MRHAB-T indicator, which is inactive on the chart, contains indicators that indicate support and resistance points.
** Background color of Long/Short-S indicator: RSI oversold and overbought sections
** Background color of CCI-C indicator: When the short-term CCI line is below -100 and above +100, oversold and overbought sections are displayed.
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
(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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We got a runner!Longed this last night, and added around 6pm today. Price has been running since.
Just as the price finally broke above the 20dma, we see the price working through its S1 pivot point:
Its always great to tag the bottom, and we potentially have just that. Looking at the weekly price action we see something to be very bullish about. Price could rise substantially into the EMA ribbon (which is sloping downward indicating the bearish trend is still in-tact.)
If price breaks above the ema ribbon, we will add a lot of risk. From here, we will open a decent long and enjoy our 5% passive yield .
The short term trend is very bullish, and this can be exhibited on the 4h with bollingers as price hugs 3StdDev:
The slope of the moving average is also sloping ‘up’. Good entry, but keep risk dialed in.
Good luck trading mates.
ATOM/USDT 1D COSMOS CRYPTOCURRENCIESATOM/USDT 1D BYBIT:ATOMUSDT
price $11.985 bybit perp, bullish for a long to 12.475, take profit on the climb up.
resistance at 12.475, which has been rejected multiple times,(bearish), I would short, with tight stop loss,
combined with being in a rising wedge, channel (bearish) we would need big volume to smash the resistance,
rsi would need to be more oversold in the coming days for me to be bullish, as well increased buy volume.
I am expecting rejection at 12.475, falling to 11.200, then 8.530 at some point in September.
that's my bear case theory. I do like cosmos/atom and am bullish in the long term, I think its a great
project and has many good projects running on it.
ATOM bearish sentimentSeptember has major catalysts for the crypto market as well as for the stock market.
The Ethereum merge on September 6th, that will end on Sept 20, the inflation report on September 13 and the next FOMC meeting afterwards with the new interest rates hike.
That is reflected in the crypto space in general as a bearish outlook.
ATOM is a cypto with a negative overall sentiment recently.
I have the following price targets:
ATOM/USDT
Entry Range: $11.40 - 12.10
Price Target 1: $10.45
Price Target 2: $9.65
Price Target 3: $8.80
Stop Loss: $13.40
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