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ATOMBUSD

🎯ATOM - primed for pullback?🎯ATOM has been one of the most bullish coins this summer, rising 210% from its bottom in June. Consequently, its Bitcoin valuation has risen ~250%. Recently it double topped around .382 Fib measured from last weekly swing high in April - this suggests we still have bearishness on the long term. It also tapped into the .782 Fib measured from previous daily swing high in May before the meltdown - this suggests that a pullback will not go too deep too soon towards previous lows. The big RSI bearish divergence already pointed out that we are due for a correction. The FOMC press conference today could provide the catalyst for that pullback. However, there still might be some gas left in this up move, so I don't exclude the possibility to have another leg up before a deeper pullback.🎯 📈The game plan: 1. ATOM needs to break down the 4h 200 EMA support it currently sits on. Wait for candle close confirmation. 2. Scout the ATOMBTC chart - if it goes below previous swing low (68890 satoshi) we have another confirmation. 3. ATOM needs to break down below previous swing low between the two tops (13.225 $). Wait for candle close confirmation. Profit levels are at 12$ and 10.6$, based on Volume Profiles, depending on your risk appetite. The trendlines could provide support on both charts, so be careful to take profits in time. Don't rush into it. Let the news be digested by the market. We need at least 75 pp increase on the federal rate to keep ranging, and 100 pp rate increase to move the markets down. If we keep ranging, I would be more inclined to do this trade on the ATOMBTC pair. This post links back to yesterday's post regarding overvalued altcoins - thought it would help to share a concrete example. 💎Looking forward for your questions below. If this post provided you value, follow for more. 🚨Disclaimer: this post is for educational purposes only, not financial advice. Do your own due diligence.
Short
by opripom
ATOM / USDT - Trade setupHere's a quick look at the ATOM 15 min chart. As we can see, the price has been forming a bull pennant and we should watch out for a breakout. The best entry would be when the price breaks above the bull pennant with a good amount of volume . ------------------------------------------- The idea is: Buy when the price breaks above the bull pennant and take profits at the levels shown in the chart. Targets: 1. 16.3$ 2. 16.7$ 3. 17.1$ 4. 18$ ------------------------------------------- What are triangles when it comes to trading? Key points: "1. In technical analysis , a triangle is a continuation pattern on a chart that forms a triangle-like shape. 2. Triangles are similar to wedges and pennants and can be either a continuation pattern if validated or a powerful reversal pattern, in the event of failure. 3. three potential triangle variations can develop as price action carves out a holding pattern, namely ascending, descending, and symmetrical triangles." ------------------------------------------- If you like the content, then make sure to comment and like the post :D Follow me for daily profitable trading setups BTC dictates the market. If BTC falls, then Alts will fall as well. Trade safe!
by MBM_Crypto
6
ATOM⚛️ triangle breakout 2Cosmos broke up this triangle📐 and I think there is chance for run to 52.9 and even higher. Setting BUY LIMIT order to previous range high to catch🎣 the pullback. ENTRY : local high @ 31.7 STOPLOSS (SL) : local low @ 27.7 TARGET (TP) : height of the triangle projected from midpoint of the local range (BUY LIMIT - STOPLOSS) @ 52.9 REWARD RISK RATIO (RRR) : 5.3 INVALIDATION : when SL level hit ETH should be stronger than BTC , so ALTs should be good to go: Check my other stuff in related ideas. Please like👍, comment🗣️, follow me✒️, enjoy📺! ⚠️Disclaimer: I'm not financial advisor. This is not a financial advice. Do your own due dilingence.
Long
by bizmark
2
ATOM⚛️ triangle breakoutCOSMOS broke up this triangle 📐 and I think there is chance for run to 51.5 and even higher. Setting BUY LIMIT order to catch the pullback. ATOM ⚛️ come on! ENTRY : BUY LIMIT - local high @ 41.0 STOPLOSS : local low @ 38.8 TARGETS : TARGET1 - resistance @ 47.9 | TARGET2 - height of the triangle projected from midpoint of the local range (BUY LIMIT - STOPLOSS) @ 51.5 REWARD RISK RATIO (RRR) : TARGET1 - 3.1 | TARGET2 - 4.8 INVALIDATION : when STOPLOSS level hit Check my other stuff in related ideas. Please like👍, comment🗣️, follow me✒️, enjoy📺!
Long
by bizmark
2
(ATOM) On the road to 100 USD ? 📈Hello everyone ! 
 Today H₿ Capital is analyzing Cosmos (ATOM) based on a Weekly chart 📈 
 What we can see : - Prices navigate in an ascending channel which is working perfectly since 2019. - Back in December 2021, prices landed on the lower line of our channel, but, immediately rebounded to the 43$ area where our main resistance is (previous ATH) - Spreads are near to zero despite the last bullish movement, so people seems to be neutral, which is a good point for bulls. - There is a nice fib levels convergence. - Despite this last big moves, we can identify a potential double top on prices and a bearish div on the RSI (wait for the closing time period). What we can expect : - If ATOM manages to break the 43$ resistance, then we can expect prices to reach the top of the channel. - If ATOM failed to break the 43$ resistance level and the double top is confirmed (+ RSI bearish div), then we can expect prices to reach the lower line of the channel (very last support) Resistances : 43$ (ATH) + Top of the channel Supports : MM20 / MM50 / Support area / Lower channel TP1 : 57$ (1.618) TP2 : 85$ (2.618*) TP3 : 116$ (3.618) IF YOU LIKE THIS POST, FEEL FREE TO LEAVE A LIKE AND FOLLOW H₿ Capital 
 MAY THE CRYPTO BE WITH YOU GUYS (D.Y.O.R)
COINBASE:ATOMUSDLong
by Hector_Bienvenu
2