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ATOM

ATOM/USDT Secondary trend (part). Symmetrical triangle.Logarithm. Time frame1 day. Part of the secondary trend (right shoulder area). A rather significant symmetrical triangle has formed over several months. The price is almost in the very corner. The denouement should occur in the near future (from the trend position). The price is almost in the very corner of the figure. The areas of the reversal levels are marked in yellow and the percentages of them. I don't recommend to work inside the formation at the moment (final phase of its formation), but to wait for the outcome, i.e. a breakdown, and better yet a pullback after the breakdown and confirmation of the reversal. Fundamentals and the distribution of coins by price between market participants are initially "different purse." I would also add, it is fundamentally one of the most promising blockchains and one of the cryptocurrencies in speculative terms with the most unfair competition. Consequently, always limit the potential losses in your work. For you super losses, for someone this price will be the most inadequate profit. This is what this triangle looks like on a line chart. The entire secondary trend. Time frame 1 week ATOM/USDT Secondary trend. Right shoulder area The main trend. Time frame 1 week.
by SpartaBTC
44
ATOM: Channel UpTrade setup : Price broke above $10.00 resistance to signal continuation of an Uptrend with upside potential to $13.00. Price is trading in a Channel Up pattern. Swing traders: can enter near Channel support trendline (~$10) and exit near Channel resistance trendline (~$13). Stop Loss (SL) at $9.50. Previously, price broke above 200-day moving average to confirm a bullish trend reversal to an Uptrend. Pattern : Price is trading in a Channel Up pattern. With emerging patterns, traders who believe the price is likely to remain within its channel can initiate trades when the price fluctuates within its channel trendlines. With complete patterns (i.e. a breakout) – initiate a trade when the price breaks through the channel’s trendlines, either on the upper or lower side. When this happens, the price can move rapidly in the direction of that breakout. Trend : Uptrend across all time horizons (Short- Medium- and Long-Term). Momentum is Mixed as MACD Line is below MACD Signal Line (Bearish) but RSI > 55 (Bullish). Support and Resistance : Nearest Support Zone is $10.00 (previous resistance), then $8.50. The nearest Resistance Zone is $13.00.
Long
by altFINS
ATOM: Channel UpTrade setup : Price broke above $10.00 resistance to signal continuation of an Uptrend with upside potential to $13.00. Price is trading in a Channel Up pattern. Swing traders: can enter near Channel support trendline (~$10) and exit near Channel resistance trendline (~$13). Stop Loss (SL) at $9.50. Previously, price broke above 200-day moving average to confirm a bullish trend reversal to an Uptrend. Pattern : Price is trading in a Channel Up pattern. With emerging patterns, traders who believe the price is likely to remain within its channel can initiate trades when the price fluctuates within its channel trendlines. With complete patterns (i.e. a breakout) – initiate a trade when the price breaks through the channel’s trendlines, either on the upper or lower side. When this happens, the price can move rapidly in the direction of that breakout. Trend : Uptrend across all time horizons (Short- Medium- and Long-Term). Momentum is Mixed as MACD Line is below MACD Signal Line (Bearish) but RSI ~ 50 (Neutral). Support and Resistance : Nearest Support Zone is $10.00 (previous resistance), then $8.50. The nearest Resistance Zone is $13.00.
Long
by altFINS
ATOM: Channel UpTrade setup : Price broke above $10.00 resistance to signal continuation of an Uptrend with upside potential to $13.00. Price is trading in a Channel Up pattern. Swing traders: can enter near Channel support trendline (~$10) and exit near Channel resistance trendline (~$13). Previously, price broke above 200-day moving average to confirm a bullish trend reversal to an Uptrend. Pattern : Price is trading in a Channel Up pattern. With emerging patterns, traders who believe the price is likely to remain within its channel can initiate trades when the price fluctuates within its channel trendlines. With complete patterns (i.e. a breakout) – initiate a trade when the price breaks through the channel’s trendlines, either on the upper or lower side. When this happens, the price can move rapidly in the direction of that breakout. Trend : Uptrend across all time horizons (Short- Medium- and Long-Term). Momentum is Bullish (MACD Line is above MACD Signal Line and RSI is above 55). Support and Resistance : Nearest Support Zone is $10.00 (previous resistance), then $8.50. The nearest Resistance Zone is $13.00.
Long
by altFINS
ATOM/USDT Breakout the key resistance area. Bullish Momentum ?💎 ATOM has been a major point of focus in the market, recently achieving a breakout from a resistance area. It's now in the midst of a retesting phase at what was previously a resistance level, now serving as support. There's a strong probability that ATOM could resume its upward trajectory towards a significant resistance area following this retesting phase. 💎 However, should ATOM struggle during the retesting phase at the support level, it might suggest a false breakout. In such a case, ATOM could potentially revert to the demand area. 💎 Upon returning to the demand area due to a false breakout, it becomes crucial for ATOM to demonstrate a strong recovery. A robust bounce from this demand level is necessary for ATOM to attempt to reclaim the resistance area and continue its upward movement. 💎 If ATOM only consolidates at the demand level without a significant bounce, it risks losing this crucial support zone. This could lead to a shift back to a bearish trend for ATOM, potentially resulting in a downward movement towards the key support area.
by MyCryptoParadise
3
Cosmos Hub (ATOM) Poised For Continual Growth ATOM, despite its correlation with Bitcoin, recorded a 35% rise in December, hitting a local ATH at $12.4. With its yearly high still distant at $17, the cryptocurrency retains considerable growth potential. ATOM is presently hovering near the selling zone of $11.67-$12.40. Its growth is currently prioritized as buyers demonstrate resilience despite Bitcoin's correction. The next milestone for buyers is set at the $13 level. Should a local correction occur, ATOM might retreat to the buyer's zones of $10.5-$11, $9.5-$10, and potentially down to $8.81. A drop below this final threshold could indicate a shift to a medium-term bearish trend, with the possibility of further declines.
by DEXWireNews
1
🌌 Cosmos (ATOM) Analysis: A Complex Journey Unfolding! 🚀The chart analysis of Atom, or Cosmos, presents a visually intricate scenario. On the daily chart, we've recently witnessed the completion of Wave 2. This structurally aligns with a larger 1, 2, 3, 4, 5 wave pattern. This, in turn, is part of a broader five-wave structure. Currently, Cosmos doesn't seem to offer an opportune entry point. I anticipate Atom to complete Wave 3, reaching approximately $13.50, and subsequently forming Wave 4. Once weakness appears in Wave 3, signaling a potential Wave 4, I'll issue a limit order. As of now, entering this trade doesn't seem favorable due to elevated risk. Stay tuned for potential entry opportunities. 🌌🚀
BINANCE:ATOMUSDLong
by stromm_by_wmc
ATOM: Channel UpTrade setup : Price broke above $10.00 resistance to signal continuation of an Uptrend with upside potential to $13.00. Price is trading in < a Channel Up pattern. Swing traders: can enter near Channel support trendline (~$10) and exit near Channel resistance trendline (~$13). Previously, price broke above 200-day moving average to confirm a bullish trend reversal to an Uptrend. Pattern : Price is trading in a Channel Up pattern. With emerging patterns, traders who believe the price is likely to remain within its channel can initiate trades when the price fluctuates within its channel trendlines. With complete patterns (i.e. a breakout) – initiate a trade when the price breaks through the channel’s trendlines, either on the upper or lower side. When this happens, the price can move rapidly in the direction of that breakout. Trend : Uptrend across all time horizons (Short- Medium- and Long-Term). Momentum is Bullish (MACD Line is above MACD Signal Line and RSI is above 55). Support and Resistance : Nearest Support Zone is $10.00 (previous resistance), then $8.50. The nearest Resistance Zone is $13.00.
Long
by altFINS
ATOM: Resistance BreakoutTrade setup : Price broke above $10.00 resistance to signal continuation of an Uptrend with upside to $13.00. Previously, price broke above 200-day moving average to confirm a bullish trend reversal to an Uptrend. Trend : Uptrend across all time horizons (Short- Medium- and Long-Term). Momentum is Bullish (MACD Line is above MACD Signal Line and RSI is above 55). Support and Resistance : Nearest Support Zone is $8.50 (previous resistance), then $7.50. The nearest Resistance Zone is $10.00, which it broke, then $13.00.
Long
by altFINS
ATOM: Approaching ResistanceCosmos (ATOM) technical analysis: Trade setup : Price broke above the 200-day moving average and $8.50 key level, which confirmed an Uptrend, and reached our target of $10.00. Now we wait for price to either 1) break above $10.00 to signal continuation of an Uptrend with upside to $13.00, or 2) pull back near $8.50 support, which could be an attractive swing trade entry in Uptrend with upside potential back to $10.00. Trend : Uptrend across all time horizons (Short- Medium- and Long-Term). Momentum is Mixed as MACD Line is below MACD Signal Line (Bearish) but RSI > 55 (Bullish). MACD Histogram bars are rising, which suggests that momentum could be nearing another upswing. Support and Resistance : Nearest Support Zone is $8.50 (previous resistance), then $7.50. The nearest Resistance Zone is $10.00, then $13.00.
Long
by altFINS
1
ATOM: Approaching ResistanceCosmos (ATOM) technical analysis: Trade setup : Price broke above the 200-day moving average and $8.50 key level, which confirmed an Uptrend, and reached our target of $10.00. Now we wait for price to either 1) break above $10.00 to signal continuation of an Uptrend with upside to $13.00, or 2) pull back near $8.50 support, which could be an attractive swing trade entry in Uptrend with upside potential back to $10.00. Trend : Uptrend across all time horizons (Short- Medium- and Long-Term). Momentum is Mixed as MACD Line is below MACD Signal Line (Bearish) but RSI > 55 (Bullish). Support and Resistance : Nearest Support Zone is $8.50 (previous resistance), then $7.50. The nearest Resistance Zone is $10.00, then $13.00.
Long
by altFINS
1