#ATOM The price is moving in a descending triangle on the 12-hour frame, and that triangle has been breached upward We have a bullish divergence on the RSI indicator We have stability above the main support level Entry price 9.52 The first target is 9.80 Second goal 10.18 The third goal is 10.70
Our mid term target is 17$ Take your risk, make some profit.
ATOM formed double top near 17.06, the lowest price came to 11.81 (1.382), and then rose back above the trend line. The circle marked in the figure is a small bear flag formed near the trend line, and then ATOM fell below the trend line again, the price came to 10.91 (1.618), and ATOM appeared a double bottom here. - The current price is back to the trend line...
For me the best time to buy would have been at the 0.886 Retrace Below but i was not looking aware of ATOM being at the .886 at the time. If one wanted to be patient they could wait for ATOM to come back down to the 0.886 level and try to play some sorta Double Bottom but there's a possibility that a significant continuation up happens before it goes back down...
Waiting for a mature range to break, will OL if PB on top Fibos, aiming a swing trade. Stop if reintegrate range. Matter of weeks probaly
Explanation: My Candle Recognition and the Price Action say this trade is good😎
ATOM is the native coin of the COSMOS ecosystem. Mainly used for governance and staking, it is set to gain better value accrual this 2022. Mainly bullish on the coin due to 1) superfluid staking 2) interchain security 3) NFT marketplace 4) airdrops 5) EVMOS launch. Many of which will increase transaction count. Should value accrual be done right this time,...
Nice retest , looking like a deviation. Next target , liquidity above old highs. Confirm and move stops on LT.
ATOM has done a great job with a huge breakout of the accumulation range with big buying volumes and crossover on the MACD to the upside. Now, its showing some signs of PULLBACK from the resistance zone @ 28.8 We used fib level 0.618 to define a good LONG ENTRY to catch the retracement wave for a BOUNCE @ 26.351, where the 3 EMAs can also serve as support...
Price rejecting major S/R level on the daily and broke out of the descending triangle pattern and rejecting the 1H50EMA + .5 and .382 fib retracement. Invalidation below the .786 (White line) Targeting the D20 at least and letting the rest moon
ATOM 2H support is at ~$30.2 Enter 50% here and try to set some buy orders near the support zone If ATOM holds above the trendline, the Take-Profit target would be $33.2, $36.2, and $42.2 Cheers
someone just brought up atom to me, and after taking a closer look - it looks phenomenal. the system i use to trade is calling a daily algorithmic buy signal right here. easily a 100%+ swing~ wave 5 target = $65
ATOM has been consolidating in a range for more than 6 weeks. Gravity Bridge Testnet will be live soon this month. Chart is an idea for mid term trade. Funding rates are high now so hope the entries gets filled and we could see a move up. Two possible entries are : 20.659 19.856 Take profit at : 24.506 - 25% 26.550 - 25% 37.325 - 50%
Also set some Buy orders near the Trendline Remember no more than 5% of the deposit in one trade SL: next sell signal
BEAR: Currently trading at bottom of ATH channel. We have a support band that has called buyers multiple times (showing candles with long wicks at the bottom resenting buyers showing up and rejecting support price). If candle closes below support band for first time within the channel, price might fill the gap down to previous channel. Further, price might find...
ATOM ranging in an uptrend channel, long it when breaking up in the top of the channel targets on the chart
Also set some Buy orders near the Trendline Remember no more than 5% of the deposit in one trade SL: next sell signal
i think everything is clear if btc stands still all is well