ATOMUSD major bullish break-out. 1D MA200 left.Cosmos (ATOMUSD) has been trading within a Channel Up pattern since the June 18 2022 Low and on Monday started the new rebound leg to the Higher Highs (top) trend-line, exactly on the 1D MA50 (blue trend-line), confirming it as the new medium-term Support.
By doing so, it broke above a major Resistance, the Lower Highs (2) trend-line (dashed line). The next in line is the 1D MA200 (orange trend-line), which is untouched since the April 04 rejection.
Notice that among all this, the 1D MA50 crossed above the 1D MA100 (green trend-line) forming a Bullish Cross, while the Ichimoku Cloud turned green and is supporting right below the price action. The last time this set of events happened, was on August 22 2021, exactly when a massive parabolic rally was starting on ATOM.
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ATOM
ATOM/USDT: Strong bullish momentum on going---- Mid-term Analysis for the next coming 4 weeks to 3 months - Daily on Daily Chart (LOG)-------
ATOM/USDT: Strong bullish momentum on going
Context
- The Global Crypto market leads by BTC and ETH reversed up drawing a new bullish trend - ATOM is one of the coin outperforming the ETH
- We are watching at 13,90 as resistance to re-integrate to provide a clear recovery signal in parallel of 2170 ETH
- Watch 8,70 as key Tactical support
Market configuration
- Graphical Elements :
Graphical Resistance = 20,10 & 44,80
Graphical Support = 8,70 & 5,50
- Mathematical Indicators:
EMA ( Exp Moving averages) are now support at 10,70 = Bullish
RSI indicator (below) is now above 50% = Bullish
- Elliot & Harmonic Wave (Fibonacci):
Fibonacci Target (C) B has been already reached = 5,50
Fibonacci resistance of the wave in progress = 1,90
Fibonacci support of the wave (ii) = 8,70
Fibonacci Bullish Target = 16,70 and 20,10
Conclusion
Preferred case => As long as 8,70 remains support we are looking to buy the dip in the buying area (10,70) in order to test and then surpass 13,90, before opening a further rise towards 16,70 and 20,10
NOTE: ATOM is actually outperforming ETH - We consider ATOM as a relevant coin to keep in portfolio
ATOM- Cosmos Fundamentals demand our attention!The crypto that talks to other cryptos is gaining ground. link
Key points
Several factors, including bullish investment firm analysis, have pushed Cosmos's ATOM up.
Cosmos is an interoperability crypto that offers secure ways for blockchains to work together.
All cryptos carry risk and there could be more clouds on the horizon for the industry.
Why Cosmos is on the up
There's no obvious single reason for Cosmos's strong performance in recent days. However, there are a number of contributing factors that have given ATOM some momentum.
1. Bullish investment analysis
Global investment manager, VanEck, published an optimistic analysis of Cosmos and its potential in the coming years. It praised Cosmos's secure cross-chain bridging capabilities, which is a key issue in the crypto industry. Many blockchains operate as individual silos and have difficulty communicating with other networks. Cosmos is one of the interoperability cryptos that addresses this issue.
VanEck predicts that over 5,000 blockchains will be built on its network before 2030 because of Cosmos's "superior technology." The report says, "The Cosmos Hub's ATOM token is in a premier position to capture a substantial share of the public blockchain market's value, and we expect its price will perform according to this expectation."
2. Internet security is imminent
The VanEck report drew particular attention to something called "internet security." It essentially allows blockchains built in the Cosmos ecosystem to use the Cosmos Hub to secure themselves. A new blockchain can use the existing ATOM-backed blockchain to validate itself, rather than rely on its own -- less developed -- token and chain. According to the Cosmos roadmap, the first step toward launching internet security is due soon.
3. DeFi rumors
Finally, there's speculation on social media that some of the projects from the now-defunct Terra (LUNA) ecosystem will move to Cosmos. Several smart contract cryptos are competing to attract Terra applications. Terra was built using Cosmos technology, adding weight to rumors that some decentralized finance developers will move activities there. However, other blockchains, such as Polygon (MATIC) have launched specific funds to entice former LUNA apps.
Very interesting but let's follow the chart:
I would attempt to buy but under 11$ i would be out again..the market is still dangerous.
one Love,
the FXPROFESSOR
ATom Hello, I'm very happy to be another day and can enjoy life, I had an analysis on the atom that I wanted to share with you. After breaking the trend line, I think he wants to have a retest to the failure area and go for a professional drop base... Of course, friends, when testing the failure area, pay attention to the momentum. I like you
ATOM out performs most but watch out... ATOM has had a massive 124% gain since it's bottom and steadily continued to trend higher over the last 2 months.
No doubt, ATOM will be a solid performer this bear market and next bull market, much bullishness. ;)
But with 6 consecutive candles rejected at supply zone & volume dying its not looking so great at the moment.
Look for sideways movement over the next few days or a break down with failure to close above 12.45 or with a Bitcoin breakdown. A body close below 11.44 and it's likely go time.
BTC breakdown increases successful odds of a solid shorting opportunity likely across the board for most alts.
Risk to Reward is great here but always roll w/ a stop loss and proper position sizing.
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Cosmos Hub (ATOM) - August 22hello?
Welcome, traders.
By "following", you can always get new information quickly.
Please also click "Like".
Have a good day.
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(ATOMUSDT 1W Chart)
The key is whether it can be supported by rising to the 12.282-15.837 section.
(1D chart)
We need to see support above 9.603 and see if we can move above 12.282.
If it doesn't, it could move towards the 6.809 area.
The 12.282-15.837 section is the section that determines the trend, so if it is supported and rises in this section, it is expected to start the journey to rise to 30.059.
A key point in this rise is the 22.948 point, where you might find resistance, so you need to be careful.
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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 index was re-created by applying a formula to the DepthHouse Trading index, an index 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 through split trading. It is a short-term investment perspective.)
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ATOM - Buying SignalBYBIT:ATOMUSDT
4H time frame
-
ATOM has been going up with an uptrend since June 19th, and it is approaching to the uptrend line again.
It would be good if price gets support here, and we can set a buying strategy with a great risk to reward ratio as below.
-
Entry: 10.3
Targets:
1) 10.745
2) 11.155
Stop: 10.325
R/R: 2.97
Atom - Huge bullish channel has formed!Atom is awesome because of huge bullish channel. Coin definitely has strong trend going.
Other reasons to long:
⭐️ BTC is bullish
⭐️ We are at the bottom of the channel
⭐️ Volume at the bottom
⭐️ Base is ready
⭐️ 4th approach
⭐️ 50 ATR
⭐️ Over VWAP
Will enter when price squeezes to the level on 5m timeframe, the base will form and the tape will get faster.
Fix profit by parts:
1% - 1/3
2% - 1/3, stoploss to breakeven
What's left, hold to the maximum
What do you think of this idea? What is your opinion? Share it in the comments📄🖌
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ATOMUSDT |Coin Review| Could be a turning pointHello everyone, I wrote a new idea for you. I think it's easy to like and subscribe to the channel, thanks😉
📌ATOM at 12H is testing a trend line that acts as support, if the price can break through the trend line, we will most likely see a decline to the $10.5 zone
Don't forget to like and write your comments👇
Cosmos Hub (ATOM) - August 11hello?
Welcome, traders.
If you "follow", you can always get new information quickly.
Please also click "Like".
Have a good day.
-------------------------------------
(ATOMUSDT 1M Chart)
The important key is whether it can be supported by rising to the 12.282-15.837 section.
(1W chart)
The 12.282-15.837 interval is the interval that determines the trend.
Therefore, if it rises to the 12.282-15.837 section and falls without being supported, a Stop Loss is required to secure cash.
The Stop Loss point is when it drops from 9.603.
(1D chart)
Resistance: 12.282-12.837
Support: 9.603-10.878
It is located just below the important point.
If you look closely at the chart in such a situation, you get a strange idea.
That thought is likely to skyrocket when it rises above 12.282.
Therefore, in the desire to get more profit, there is a case where you buy in advance at the current point without checking the support at 12.282.
Fortunately, it is good if it rises as it is, but if you don't, you will experience psychological conflict.
Therefore, you need to be cautious in trading when you think that this point or beyond this point is likely to lead to a surge.
This is because, if you experience a psychological conflict, you may miss out on the opportunity to make a bigger profit by selling without winning the price volatility.
In order to stop loss to secure cash, you need to think carefully about the ratio to sell.
You need to consider whether you can afford the loss rate of your coins (tokens) when the price falls, and the loss rate when the price rises without falling too much.
You can calculate this loss rate by considering the ratio of your own purchase average unit price.
Although the current price is at the bottom of the chart as a whole, if it goes down, it will drop more than -30%, so you will experience psychological anxiety.
Therefore, it is better to divide and sell appropriately with the idea that you will have cash to buy at a lower price than you would lose with Stop Loss.
If you have cash, there is no need to stop losing.
------------------------------------------------------------ -------------------------------------------
** 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 through split trading. It is a short-term investment perspective.)
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ATOMUSDT |Coin Review| Back in space?Hello trader Today I prepared a new idea for you. Like and subscribe to the channel there is a lot of useful information✅
-Guys, the market is now cooling down a little from yesterday's news events, now there is not a big correction, but I think growth will resume again soon, and our first goal is $24,700 for #btc
-Atom showed not bad growth over the last week + 30% good result.
-If we consider the asset from the technical side, then we see a strong trend line on the chart, against which the asset bounces over and over again.
-My entry will be $11.011 The asset is now overheated, I'll wait for the correction and take a comfortable position.
-Stop-loss set below the trend line ($10.324)
-Guys, this is not financial advice, make decisions on your own, only you are responsible for your transactions!
Write your comments and like!