ATOMBTC
ATOM/USD - Beautiful break and march to $60!ATOM has done a wonderful re-test of support (see my macro view for ATOM linked below) and now we just penetrated the resistance represented by the FIB 38% level. If we can make this level support as well, we're ready to ride this much higher.
The 4h timeframe looks great, with a MACD cross over and plenty of momentum to get us higher. Volume on this pump was solid and this last green candle is nothing to fuss about.
ATOM is ready for more gains. Thus I expect continuation despite any pull backs. As I said earlier, any pull back is a buy for ATOM until we reach a significant level like $60.
Bias remains very bullish.
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ATOM/USD - Price discovery to $60, old ATH crushed! 🚀ATOM is looking sexy. We made the old ATH which was our key resistance support today... what does this mean?
Remember when BTC passed $20k or ETH $1,400? Their old ATH? They both doubled after and then some!
Hence ATOM is on a path to $60 and above. The technicals are very clear.
So long our support holds, I expect ATOM to make quick gains. The daily timeframe and above support this, plus volume on this breakout was significant! All giving good confidence signs.
Hence buying this support with a stop loss under is a great idea. Enjoy the ride!
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Cosmos (ATOM) - September 16Hello?
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(ATOMUSD 1W Chart)
If the price holds above the 8.9843770-10.6181781 range, we expect the uptrend to continue.
In particular, if the price is maintained above the high point of 17.6656889, it is expected to create a new wave.
(1D chart)
If the price is maintained in the range of 32.82772488-36.7282127, it is expected that the uptrend will continue.
If it goes down, you should check to see if it finds support at the 30.8767670-32.82772488 zone.
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(ATOMBTC 1W chart)
If the price holds above the 0.0003152-0.0003749 range, we expect the uptrend to continue.
In particular, if the price is maintained above the 0.0005845-0.0007650 range, it is expected to create a new wave.
(1D chart)
If the price is maintained in the critical range of 0.0005845-0.0007650, the uptrend is expected to continue.
If you fall from the 0.0005845 point, you can touch near the 0.0004898 point, so you need a short stop loss.
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We recommend that you trade with your average unit price.
This is because, if the price is below your average unit price, whether it is in an uptrend or in a downtrend, there is a high possibility that you will not be able to get a big profit due to the psychological burden.
The center of all trading starts with the average unit price at which you start trading.
If you ignore this, you may be trading in the wrong direction.
Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, ultimately allowing the funds corresponding to the profits to regenerate themselves.
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** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly as price and volume move.
However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator.
** The MRHAB-O and MRHAB-B indicators used in the chart are indicators of our channel that have not been released yet.
(Since it was not disclosed, you can use this chart without any restrictions by sharing this chart and copying and pasting the indicators.)
** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line)
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
(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.)
4 Coins to look at while Bitcoin is rangingIn my previous idea we've seen that Bitcoin is probably going to be ranging for a few months, so meanwhile, it can be interesting to look at a few players who could potentially outpace Bitcoin during that period.
I will not be going into the fundamentals here but simply share some platform coins with good momentum and price action, since platform coins seem to be the trend recently.
█ ICX/BTC
Icon is the exponential kind of chart. When it starts picking up momentum, things can happen quickly.
Icon has been building a base since july 2019 and all I'm waiting is a weekly close above the 0.000055 BTC resistance. In history, price went above but bears brought the price down below it that's why a weekly close and not just a wick will be an important flag here.
█ HBAR/BTC
Again, another coin which has been building a solid base.
I would expect a retest of the previous resistance at 0.0000075 BTC and that would be a good entry.
█ ATOM/BTC
Again, the coin broke up by 40% above its relative resistance level and ascending triangle with higher lows here.
A retest of this resistance around 0.0006 BTC would set a nice entry point.
█ SC/BTC
One of my favorites, which has been building a base since July 2019. We can see how exponential this coin can be.
We can see here another ascending triangle and a resistance at around 70 satoshis. The coin has been making higher lows since the beginning of the year and we can expect a move before 2022.
ATOM approaching critical resistanceat final boss levels on both USD and BTC pairings. Might have a little more juice in the tank but expecting this to come down soon. That said, it's L1 season which could mean price discovery soon. Probably better to play this cautiously though and wait for a clean break and SR flip of the purple line.