Cosmos Grows 265%+, Be Careful With The Bearish SignalsCosmos (ATOMBTC) is having a great run and continues growing but it might have peaked and is getting ready to retrace.
Additional grow can most certainly happen here and we remain bullish as long as ATOMBTC is trading above EMA10, now, we have some bearish signals that are starting to develop.
If you look at the RSI, we can spot a very strong divergence with ATOMBTC, the RSI printing lower highs while ATOMBTC was doing higher highs.
If prices close below 0.0005781 (EMA10), you can look for the black trendlines as the next support, followed by 0.0005025 which is also EMA50 (yellow).
Going beyond EMA50, if this level breaks, then you can expect a long retrace/correction to around 0.0003622 or at least 0.0004080. This is only relevant if prices start to drop and there is close below EMA10.
On the other hand, if ATOMBTC continues to grow and closes above the last high at 0.0006550 with good strength, we can expect this uptrend to continue. The next resistance is also marked on the chart.
Thanks a lot for reading.
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ATOMBTC
ATOM / BTCATOM / BTC
Moves in an uptrend for 4 months.
Channel trading from the channel support trend line to resistance. Sooner or later, a breakdown of the channel and the uptrend of this coin should occur. Therefore, carefully monitor the uptrend line. Great potential will work shortly when the trend changes. But now the uptrend. Always trade with the trend. The coin is very technical.
ATOMUSDT SHORT - Swing Trade Strategy by CheTraderThe results below are from this strategy in BINANCE:ATOMUSDT for 2019.
I will update when the trade is closed with the profits and open a new idea with the next trade.
I will also be sharing the live signals of the pairs:
BINANCE:NEOUSDT
BINANCE:ADAUSDT
BINANCE:EOSUSDT
BINANCE:ATOMUSDT
BINANCE:LTCUSDT
BINANCE:ALGOUSDT
BINANCE:LINKUSDT
BINANCE:NEOUSDT
BINANCE:ONTUSDT
HUOBI:HTUSDT
HUOBI:BSVUSDT
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Cosmos-ATOMBTC-
If it is a significant point, the box is attempting to break through the 0.0004725 ~ 0.0005500 section.
Check if you can settle at 0.0005500.
-ATOMUSDT-
The critical point, 3.900, has been broken with tremendous trading volume, and we need to check whether we can settle in at the current point.
Although the primary target is at 4.614, it may fall unreachably depending on market conditions and should be replaced with caution.
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I think it's a good idea to make some money at the points you mentioned as important points.
Also, if you want to invest for the first time, I think it is not too late to invest when you see it settled in an important point.
Urgent minds in investing can create psychological anxiety that can have a negative impact on trading, so always try to stay calm.
ATOM ANALYSISATOM
ATOM has had a significant run recently and followed a powerful positive trend upward. ATOM has now reached overbought on the daily RSI as well as on the STOCH. There is a bearish divergence on both sides and I do expect a further retrace here. The top of ATOM at 5920 seems to be a clear top as it hit daily resistance zone. I would exit any trade here and wait for the fall to the trend line. Considering the current layout, I expect the trend to break upon this following touch and a head back towards the yellow zone (possible buy entry) which would be just below the 50/200 MA and touch to the 100 MA. This should turn to a temporary support and provide a perfect bounce. Upon the confirmed reversal here look for a push back to the trend and daily resistance block above 5200 sats.
Possible Entries: 3750-3900 sats
Cosmos Building Up Momentum | Next Target At 77%+Cosmos (ATOMBTC) is gaining momentum which can lead to another big jump in prices.
The decisive point right now is the orange line on the chart.
Above this line, we can see ATOMBTC flying up.
Below this line, we can see ATOMBTC moving lower and testing support.
ATOM Chart Signals
As for the chart signals...
We have 8 consecutive green candles.
Very strong RSI.
MACD positioned to make a big jump.
Trading above our main resistance indicators (EMA10,50,100).
Altcoins market bullish & growing.
We are likely to move higher...
Thanks a lot for your continued support.
Previous analysis:
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