(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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Atomlong
ATOM - perfect trade setupIn previous analysis (link bellow) my short and then long trade turned out very accurate (although I didn't take short trade).
Short from 32$ to support and then long from that support to 40$ is still in play.
Price dropped a little bit more then I expected, but still great short and long trade could have been caught.
Now I'm looking for retrace from 36$ (predicted resistance) to retest upper trendline and then further bullish price action to the last trendline before new ATH.
Note: I'm holding ATOM for longer term run, this is just a trade on futures market.
Previous analysis:
Do you want a delicious cup of atom ?Hello friends
My idea is that this coin is only one step away from completing the cup pattern
Of course, perhaps if this pattern had been formed in better market conditions, it would have been more likely to occur
But the accumulation of three credible supports can still reinforce the positive possibilities
* *****Appropriate entry points for supports and resistances according to the chart*******
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Thank you dear friends.
Be generous and rich.
The end of ATOM correction has come ???Hi my friends.
In reviewing the ATOM chart, I came up with some interesting results that I will share with you
This coin is in an intensive correction process after a great climb for about three months
And now it has reached the PRZ range
Please see, and if you have a comment, I will be happy to comment
******Appropriate entry points for supports and resistances according to the chart*******
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ATOM managed to get out of the triangle
Hi my friends.
ATOM managed to get out of the triangle, can it break the downtrend line ???
This is a question that I would love to say yes, but it is still too early and we have to wait
In my opinion, if the trend can reach dynamic resistance with high momentum, it can be broken.
And if not, we have to see how powerful the bears are up there!
******Appropriate entry points for supports and resistances according to the chart*******
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Convenient swing entry point from ATOM
Hi my friends.
Atom is ready with a good trend at higher times to make a little profit
*****Important Note: In case of breaking solid support by a candle with a strong body of this idea, the idea is rejected.
******Appropriate entry points for supports and resistances according to the chart*******
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Be generous and rich
ATOMUSD Gann AnalysisAnother idea for ATOMUSD supporting my bearish stance
Initially price can be seen to hit the 1/2 Gann line, slowly though with each peak, price weakens, moving further and further away from this line
While being inside a rising wedge, a bearish view is justified
The indicator shows similar points (yellow) and expected downward move to follow
Heres my previous analysis on ATOMUSD which is also a bearish one
ATOM/USDT 2H Analysis and trade 23/11/2021Atom/USDT 2 Hours timeframe analysis and possible trade zones.
Right now is touching his montly VWAP zone, im expecting a retracement from here
Marked in red and green are the Supports and Resistances.
Entry 1: 29.57
Entry 2: between 27.70 and 28.70
Take Profit 1: between 36.20 and 37.20
Take Profit 2: 38.98
Trade Safe.
Regards!
P.D: Remember that BTC dictates the market.
$ATOM Cosmos oversold! $ATOM Cosmos
Cosmos is an ecosystem of blockchains that can scale and interoperate with each other.
Depends on BTC if the correction is over.
Healthy correction and finds support, good moment for a buy IMO. I dont think personally that the price will go down to the red box.
Good luck! Take profits on the road or sit on your hands.
Feedback welcome!
DYOR and please let me know what you think.