ATOM
$DOT starting to outperform $ATOMDOTUSD appears to beginning some outperformance compared to one of its peers, ATOMUSD. They are both interoperability tokens that have similar goals and functions. I would personally put them in the same group, but correct me if I'm off base.
On a 6 month basis, ATOM has outperformed DOT by a significant amount over the past 6 months depending on your point of reference.
ATOM has a market cap of roughly $8 billion. DOT has a market cap of roughly $29.5 billion.
If this recent outperformance by DOT continues, it could began to catch up to its peer, which has really been putting the petal to the metal over the last six months. Could be DOTUSD's turn for some sustained outperformance.
Long-term view of ATOM's outperformance over the last 6 months.
MATICUSDT 6H TA : 2022-03–21Matic It was re-supported on major support, and if it breaks the trend line, it can have good power to achieve the goals set out in the chart. If it loses its support, the analysis will be updated.
Its not Buy or Sell SIGNAL
DYOR
BY : Mohmad Teriz - @AtonicShark
ATOM formed cypher for upto 28% profit rallyHi dear friends, hope you are well and welcome to the new trade setup of Cosmos (ATOM) coin with BTC pair.
Previously we had a nice harmonic trade of ATOM:
Now on a 4-hr time frame, ATOM formed bullish Cypher pattern. At the moment, after the completion of the final leg, the priceline is moved slightly up. Therefore, we need to wait for a little correction to buy it from the buying zone.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
ATOM/USDTesting/tracking elliot wave theory. Please do not trade off idea without S/L. Not financial advice.
Link to previous chart:
If you press play on the previous chart, you'll see that wave 1 has been completed and wave (2) has also completed and retraced a bit further than predicted. Prediction was 36 and we got 22 lol. The start of this new wave is 20 so If this new impulse wave is correct the bottom of wave (2) is already in and we should be working towards wave (3). If this chart plays out then it would be safe to say that we're in altseason. Wave (3) top can be a bit lower than predicted, making the wave (5) line longer, however the top of these waves should be relatively around the area of my prediction.
ATOM - showing signs of strengthATOM is the native coin of the COSMOS ecosystem. Mainly used for governance and staking, it is set to gain better value accrual this 2022. Mainly bullish on the coin due to 1) superfluid staking 2) interchain security 3) NFT marketplace 4) airdrops 5) EVMOS launch. Many of which will increase transaction count. Should value accrual be done right this time, alongside the hype with LUNA as the IBC ecosystem, we could be seeing a good increase in value. Technicals wise, we will analyze the possible move based on fibonacci pulled from the swing low in Jun 2021 and Swing high in Sept 2021. You can learn more about how to use the fibonacci retracement tool here . The recent bounce off the 0.382 fib and break of brearish trendline makes ATOM a potentially good trade
Trading plan - 3 scenarios
Very bullish -30%
Currently sitting at a price of $30 on 27/2, this would be the DCA price you have, selling at the 0.786 fib at $36 for repeated 20% gains. The fib was an old resistance which ATOM has retraced constantly from to the 0.618 levels at $30. You could then take profits at ATH at $44, wait for a retrace till $36 again to load up. Upper targets are 36, 44, 67 and 104, with the 1st week of April being the projected end of trading time frame. Levels are possibly visited once volume kicks in and IBC narrative is pushed forth. TLDR - sell on upper fibs, rebuy on fib retracements at lower levels or retest of ATH after it has been broken (some people might not get filled due to front running once ATH is broken)
Conservative bullish - 40%
Quite a normal behaviour based on the timeline of price action we see in ATOM + suspected delay of any of the above stated protocols. Here, we would expect a retracement towards $24 (retest of bearish trendline) to $26 (0.5 fib levels). DCAing at this range or slightly below 0.5 fib level would be key. Constantly selling above 0.618 fib levels ($30) could provide 16-20% gains as well, but remember to rebuy in at 0.618 levels if a new bullish trendline support is formed.. Upper targets are 36 and then ATH at 44 and then possibly 48-55 (10% rule past break of ATH, middle value between 45 and the 1.618 fib extension)
Bearish - 30%
Due to heavy bearish macrofactors. scam weekend pump, or delayed ecosystem launches, selling volume may spike and ATOM may see a retracement back to $21 (lower 0.382 fib) as stoplosses get hit and cascade of sells occur. I would then expect to see a reattempt to break out of the trendline, only to be rejected. If a breakout occurs but brearish stance remains, it would be good to add to the shorts near upper fib lines $26 (0.5 fib levels). TLDR - short on breakdown and then retest of bearish trendline, and also short on retracement to upper fibs. Lower targets are 21.7, 17.1, 16.3
Am generally more bullish due to lower selling volume as well as high selling volume bringing down price lesser. Due to volatile macroeconomics, if you are trading on platforms, be sure that it offers spot and perps like Bybit . it would be better to stay in spot rather than be trading perps/futures to prevent liquidation. Remember to set a stop loss to have a good sleep
ATOM is copying BTC but...we can observe that the priceaction has respected the blue dotted trendline for quite a while, almost a year. A rupture would almost certainly cause bleeding at least up to $11, which is quite far away. The opposite case sees the break of the high green trendline and the conquest of new peaks.
Based on what happens do your job.
#ATOM/USDT 12HOUR UPDATE BY CRYPTOSANDERSWelcome to ATOM/USDT quick analysis
I have tried my best to bring the best possible outcome in this chart.
Hello members, welcome to our ATOM/USDT 12hr update,
Atom/usdt currently trading inside a flag pattern in the higher time frame.
There are high chances to bounce from the lower trend line or green zone which are working as strong support.
If it bounces then we will be able to see an almost 40%-50% rally.
This chart will be invalidated if it breaks the lower trend line.
Entry:-$23.50,$26.00
Target:-40% TO 50%
Stoploss:-$21.08
With leverage 3x to 5x
And long term hold and good profit 😉🙂😊✈️✈️
Q:-What do you think about this?
Do you think we will see a new ATH of ATOM in the next quarter?
Share your views in the comment section.
Remember:-This is not a piece of financial advice. All investment made by me is under my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade.
Happy trading.
Sorry for my English it is not my native language.
Do hit the like button if you like it and share your charts in the comments section.
Thank you...
DOT, why you should not BUY and wait. DOT/USDT in a interesting position will be watching it very closely to see how this will play out. Depending on the direction it decides to go I will be either accumulating more of this coin or distributing in to other buyers in the short term. While its in this triangle there's no telling where it will go, thus exercise your patience and taking this time to paper trade and develop your trading skills is key.
DYOR