BRIEFING Week #24 : Volatility will Decide. Be very CautiousHere's your weekly update ! Brought to you each weekend with years of track-record history..
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ATOM
ATOM with shark pattern and divergenceThe analysis of the ATOM/USDT currency pair shows a shark pattern that is approximately 240 days old. Additionally, there is a positive divergence, suggesting a reversal from the PRZ (Potential Reversal Zone), which is a buying and accumulation area. The initial three targets, as shown on the chart, are around $9, $10, and $11. Be flexible when taking profits and securing the stop loss, and do not sell all the currency at the visible targets. Instead, keep some for the bull season.
$OSMO - 500% Gains Buy ZoneOsmosis is a blockchain on Cosmos. Its essentially the # 1 dex / blockchain on Cosmos. Imagine Osmosis being the uniswap of Ethereum but if Uniswap was its own blockchain not just a token like CRYPTOCAP:UNI
Currently Osmosis is stuck in a flag and looking to flip into a buy after failing to break the daily resistance 3 times on the daily supertrend indicator.
Buy Zone Begins $0.70 and can wick down as low as $0.52
Grab yourself a good entry and watch Osmosis fly to $3+
BRIEFING Week #23: Markets Keep ConcentratingHere's your weekly update ! Brought to you each weekend with years of track-record history..
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Navigating Crypto Bull Run 2024-2025Hello, Skyrexians!
While Bitcoin is locked inside the price range between 60k and 70k, altcoins look dead. While we saw fantastic rally for Bitcoin, Ethereum, Binance coin and other largest altcoins, most of crypto assets are still testing the bottom. This price actions can disappoint even best crypto traders. People usually trading cryptocurrency for profit, but now even if you bought altcoins at the bottom you have a very small profit.
In March 2024 most of crypto trading strategies predicted the further pump, but instead of this we can see -60% drop for most of crypto coins. Even most of trading bot strategies faced with huge losses during last 3 month. During the bullish phase the best decision is to use grid trading bot, but this time price went out from the grid bot trading range, therefore even automated trading bots faced with losses.
In our opinion such shakeout was needed because of excessive optimism on the crypto market. People needs to be disappointed and sell their crypto before the true bull run. Now it’s happening, we will show you our thoughts about crypto market and will try to analyze what is coming next.
Bitcoin analysis
As it usually happens Bitcoin started moving up first. It’s bull run started at the beginning of 2023. We will analyze 1W time frame. Awesome Oscillator and Alligator showing us that Bitcoin is still in global wave 3 because of it’s maximum value. Moreover AO still has not crossed zero line. It means that there are a lot of time before bull market will be finished.
We predict the wave 3 finish in the upcoming 1-2 months with the price target approximately at $80k. Let’s use this target to predict the further scenario. We have the super confident target for the wave 4. It’s inside the range between 0.38 and 0.5 Fibonacci retracement for the wave 3. It’s inside the range $54-61k. Moreover, lower degree wave 4 has been finished there. When price will reach this zone, for bullish reversal bar and AO crosses zero line, it can be the strong sign that global wave 4 is finished.
Assuming that wave 4 will be finished in this zone we can predict the target for the wave 5. We have to take the distance from wave 1 bottom the wave 3 top and measure it from wave 4 bottom. This is the maximum target for the wave 5 and the entire bull run, at $115k. The minimal target is 0.61 from this distance, approximately at $92k. Anyway, this wave shall be printed in conjunction with the AO bearish divergence to kill this bull trend.
Taking into account that wave 4 can be very long in terms of time this bull run will be finished in the middle of 2025.
Bitcoin Dominance
Bitcoin is moving clear, but what with altcoins? The key chart for altcoins is the BTC Dominance chart. Every time we see huge drop on it, massive alt seasons happen.
You can say that this is not a real asset and it’s impossible to predict it’s value, but all these movements is the trader’s psychology. Therefore we can use classical TA tools here. BTC Dominance now is inside the target area 0.5-0.61 Fibonacci. There is a high chance that massive dump will start from here. This time it can break 40% and finally reach 24%. We believe that this time this decrease can be on the real Bitcoin’s dump. Large players have a huge gains on Bitcoin and they need to distribute liquidity to take profit, that’s why alt seasons usually happens. We predict the altseason start in the upcoming 2 months.
Cardano (ADA) analysis
Let’s move on to altcoins analysis and start with the old assets ADA. It has enough history to make a price prediction. Previous bear market bottom was at $0.02, this time it has reached $0.2. You can say it’s 10x from the bottom, how it will go up?
We can conclude that ADA is the uptrend crypto asset because it’s making higher lows from cycle to cycle. Therefore the previous bull run could be just the wave 1. Global wave 2 finished with the bullish divergence with AO on the weekly time frame and after that we have seen this local rally. This rally is just the wave 1 of the new bull run and current dump is just a correction to it. For sure we need more disappointment, that’s why we expect more sideways in the current range. When everybody will be disappointed the huge wave 3 starts. It has two targets: $3.3 and $5.2 if this bull run will be extended.
Cosmos (ATOM) analysis
The main question of the day is why such fundamentally strong asset like ATOM is still at the bottom, while meme coins made 10x. For sure it was a huge mistake, but as we can see now people hate such assets like ATOM. They want to buy Solana or PEPE instead and it’s good sign for ATOM holders. We make our predictions based only on charts and this chart is also telling us about bull run is coming.
ATOM is also making higher lows from cycle to cycle. The main difference with ADA is that Cosmos has printed shortened wave 5. First bullish wave finished in March and now price is finishing wave 2. Wave 3 will start suddenly when nobody believe it that. We suppose in September will be huge gains on fundamental projects. Minimal target is $49, maximum one is $77 according to 1 and 1.61 Fibonacci extensions.
Polkadot (DOT) analysis
The last crypto asset for today is DOT. It has almost the same pattern like previous two assets. Wave 5 of bear market was not shortened here that’s why we have seen rally more than for ATOM.
Previous bear market bottom has been reached much lower that in the current cycle. In our opinion the first wave of the new bull run has been already printed ad current disappointing wave 2 is trying to persuade people to sell their assets.
After 1-2 month of consolidation and may be making lower lows locally we will see the huge push the the upside. The minimal target is $56, maximum equals $89.
Conclusion
Most of altcoins are in the huge accumulation which lasts for almost two years. In the previous bear market was almost the same time before significant gains. For sure this time can be different and may be it’s time to die for altcoins, but Elliott Waves analysis reflects perfectly the crowd’s mood. If now we can see still a lot of optimism, if price will continue sideways they disappoint.
Overall, we can see now two groups of traders. The first one is still bullish, the second one is waiting for new lows below the current consolidation to enter the market. We suppose that both major groups shall be fooled, market maker will not allow assets to dump that much, but at the same time he will not pump it before most of bulls sell their assets.
Best regards,
Skyrex Team
ATOM ANALYSIS (4 hr )🚀#ATOM Analysis :
🔮As we can see in the chart of #ATOM that there is a formation symmetrical triangle pattern. Also there is a perfect breakout. Our target price is $9.260 which is 6% move from our current price📈📈
🔰Current Price: $8.728
🎯 Target Price: $9.260
⚡️What to do ?
👀Keep an eye on #ATOM price action. We can trade according to the chart and make some profits⚡️⚡️
#ATOM #Cryptocurrency #BREAKOUT #TechnicalAnalysis #DYOR
atomIn general, for me, the best shopping area in high time is in the more colorful green areas, which are areas 5 to 7
But if you want to make a purchase, there is a resistance on the top, in the lower time frame, which is now marked with a red box and a green area that I will wait for the price to reach and then make a decision. Of course, this is just my personal opinion.
BRIEFING Week #22 : Rotation Signaling is HereHere's your weekly update ! Brought to you each weekend with years of track-record history..
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ATOM 200$ next bullrun 🃏On my chart you can see the previous bottom from last cycle, then price made ATH on 45$, then made pullback -85% and found support level on 6$ and didn't touch the bottom from previous cycle. Next price makes accumulation , swept liquidity from weekly candle, made deviation of trendline channel, made divergence on 1w TF. Also remember there are a lot of projects are built on Cosmos chain ==> they need native token ATOM ==> buy pressure .
$ATOMusdt big move #ATOM is now trading around 8.455$. #ATOM is moving inside a symmetrical triangle on daily time frame. So the Possible scenarios are If the price pumps up and breaks out of the triangle, we can see bullish momentum in it. Otherwise If price dumps and breaks down the triangle, we can see bearish momentum.
Stay tuned with us for further updates
Possible downward moveIn the technical analysis of ATOM, supply and demand zones as well as key levels can be identified. Currently, the range of $9 to $9.3 acts as a strong supply zone. This area is considered a significant resistance level that can potentially push the price back down to lower levels.
If the price fails to break through this resistance, there is a possibility of a downward move towards the range of $8.5 to $8.2. In this range, there is potential demand that can prevent further price decline and even lead to a rebound.
Atom will go sharpAccumulation hasn’t stopped yet , doesn’t need for me to explain just look at the ecosystem map . Atom will go fast and sharp if it decides to so make sure you get some that cheap juice before lift off. ATH to be sure and i will give it a update then . You can accumulate in the green box if the market goes wrong .
Nfa ; stay safe
ATOMUSDT.1DBased on the technical analysis of the ATOM/USDT daily chart provided, here’s a detailed and professional first-person analysis in English:
Upon examining the ATOM/USDT daily chart, several key technical indicators and levels emerge, providing insights into potential price movements.
Trend and Resistance Analysis:
The chart shows that Cosmos (ATOM)
has experienced significant volatility, with the current price around 8.692 USD. The price is currently in a consolidative phase, attempting to break above the immediate resistance level marked as R1, around 10.924 USD. A successful breakout above this level could lead the price to test the next significant resistance at R2, which is around 13.110 USD. The overall trend appears to have an upward bias supported by a rising trend line (S1), indicating increasing buying pressure.
Support Levels:
On the downside, the primary support level is identified as S1 at 6.029 USD. This level has shown strong buying interest previously and could act as a floor if the price starts to decline. Below S1, the next significant support level is at 6.158 USD, which has also been a critical support zone in the past.
RSI and MACD Indicators:
The Relative Strength Index (RSI) is currently at 45.68, indicating a neutral position. The RSI is neither in the overbought nor oversold territory, suggesting that the market is currently undecided and waiting for a clear direction. The Moving Average Convergence Divergence (MACD) indicator shows a slight bullish trend, with the MACD line (blue) slightly above the signal line (orange)
and the histogram indicating positive momentum. This suggests that bullish momentum is currently building.
Volume Analysis:
The volume pattern indicates moderate trading activity, with no significant spikes during recent price movements. This suggests balanced participation from both buyers and sellers, contributing to the current consolidation phase.
Conclusion:
In conclusion, the ATOM/USDT pair is currently in a consolidative phase with a slight bullish bias. The RSI indicates a neutral position, while the MACD suggests building bullish momentum. Traders should closely monitor the support levels at 6.029 USD and the resistance levels at 10.924 USD and 13.110 USD. A break above the resistance levels would confirm a bullish trend continuation, while a failure to hold the support levels could lead to further declines.
Overall, the market sentiment for ATOM remains cautiously optimistic, with critical attention needed at the aforementioned levels and indicators to make informed trading decisions.
BRIEFING Week #21: Market Breadth & DominanceHere's your weekly update ! Brought to you each weekend with years of track-record history..
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BRIEFING Week #20 : Pay the Price, Receive the Value !Here's your weekly update ! Brought to you each weekend with years of track-record history..
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ATOM/USDT In a Perfect Position to Rebound From Support 👀🚀💎Attention, Paradisers! The trading landscape for #ATOMUSDT is heating up and you don't want to miss out on what could be a golden opportunity to catch the bullish reversal.
💎Right now, Cosmos is moving towards a pivotal support level of $7.58, a make-or-break point that could lead to significant gains. If this level Stays steady then NASDAQ:ATOM can see a strong upward push soon and target the resistance levels that we've identified as key targets.
💎However, there's a twist. If Cosmos fails to hold this $7.58 line and slips below it could lead to a possible continued decline. The next critical area to watch is the $7.25 demand zone. This area is a proven battleground that has shown strong buying activity in the past, thanks to the solid backing by market liquidity.
💎If #ATOM revisits this $7.25 zone, it's crucial for it to bounce back to avoid a deeper slide. If it fails to rebound, the downward spiral could intensify, dragging down sentiment and possibly leading to further price drops. This is a crucial moment, and acting swiftly could mean the difference between riding a wave of profits or watching from the sidelines.
MyCryptoParadise
iFeel the success
BRIEFING Week #19 : Watch out for potential StimulusHere's your weekly update ! Brought to you each weekend with years of track-record history..
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ATOM/USDT 4HInterval Chart ReviewI invite you to review the chart of ATOM in pair to USDT, on a four-hour interval. Let's start by identifying the upward trend channel in which the price is approaching the lower border using the blue lines.
After unfolding the trend based fib extension net and using the fib retracement net, we can determine the support at the level of $8.28, then support is visible at the price of $7.91, and then we have a strong support zone from $7.72 - $7.24 $.
Looking the other way, you can see the first resistance at $9.19, then significant resistance at the upper border of the channel at $9.63, the next resistance at $9.93 and the next resistance at $10.35.
When we look at the RSi and STOCH indicators, we will see a move below the downtrend line, now we need to wait for the move to break above this line.
#ATOM/USDT#ATOM
The price is moving in a bearish channel on the 12-hour frame and adheres to it well, and the price rebounded from the lower border of the channel at the green color at the price of $7.30.
We have a tendency to stabilize above the Moving Average 100
We have a downtrend on the RSI indicator that was broken to support the rise
Entry price 8.78
The first goal is 10.00
Second goal 11.17
Third goal 12.40
BRIEFING Week #18 : Short term Ranges maturing, Patience..Here's your weekly update ! Brought to you each weekend with years of track-record history..
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