ATOMEUR 'D' - Another Cosmos Buy Signal to the Upper TrendWe've recently published an Idea regarding a Long signal with ATOMEUR on the 2D timeframe, we've got the same signal from Crypto Tipster v2 on the Daily timeframe too, this can only be a good thing!
As you can see there is a potential layer of resistance near the center of this symetrical triangle, which could take a second push to break through, but generally speaking the price should rebound top to bottom and back again when at this stage of such a triangle - a genuine breakout shouldn't happen until much later on when the squeeze pressure becomes too much!
We're going for a 30% price increase lasting just over a month until near mid-february - what a nice valentines day present this could be!
ATOMEUR
ATOMEUR '2D' - A Predictable 30% Rise Over Next MonthAtom is currently caught within a near perfect symetrical triangle, having just rebounded again off the bottom edge.
Our Crypto Tipster v2 Indicator has been having some amazingly good trades with ATOMEUR '2D' over the last year or two and this could be another one. Already showing gains of nearly 5% by the time we've got around to writing this Idea!
Given this signal has been given on the 2D timeframe it could take some time to see these gains come to fruition, but at some point within the next 6 weeks we should see the price steadily rise to the upper descending trend line - offering a total of around 30% profit; not too bad!
(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)
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MAY THE CRYPTO BE WITH YOU GUYS (D.Y.O.R)
ATOMEUR TrianglePossible formation of a symmetrical triangle.
For a reckless trader wait for the upside breakout of the triangle.
For a cautious trader wait for a retest or the break of the all time high (blue line).
In this case a Stop Loss would be just a bit below the EMA 50.
Target: let it run and move the SL to break even.
ATOMEUR Analysis 16-03-2021 - Getting ready for a breakout!The bar is nearing the triangle end, so we should be expecting a breakout soon. The analysis is based on the daily timeframe, so this could still happen in a few days. But considering the Bitcoin price at the moment that can make a big move anytime, the breakout here could also happen anytime soon.
ATOM has been ranging (aka. in accumulating phase) for almost 3 weeks, so I think the breakout force wouldn't be small either.
The pole is around €6 high, so we can expect the breakout strength around that number.
However, taking consideration of the Fibonacci levels in the channel, I would set a TP at about €5, depending on the time of the breakout.
It's best to wait until the bar closed to confirm the breakout, the higher the timeframe the better.
** If you enjoy this idea, please like and/or comment. Thanks!
P.S. I just found a divergence in the chart after I publish, so it isn't shown in the chart. But you can find it manually if you look at the date 28-02 and 14-03, there's a higher low on the chart, but a lower low on RSI. So it should be a sign of a bull continuation. And in my Bitcoin analysis, I also thought that BTC would pull back to around $53,000 before going back up again (still bullish). So I think the breakout is more likely to be a bullish one.