ATOM/USDT - Will the support hold ? BINANCE:ATOMUSDT (1W CHART) Technical Analysis Update
ATOM is currently trading at $6.786 and the price has reached it's support level and this support level held strong couple of times in the past, i'm expecting the support to hold this time. The trade is invalid if the candle closes below the support zone.
Entry level: $ 6.788
Stop Loss Level: $
TakeProfit 1: $ 8.050
TakeProfit 2: $ 10.629
TakeProfit 3: $ 13.189
TakeProfit 4: $ 17.218
TakeProfit 5: $ 25.846
TakeProfit 6: 38.797
Max Leverage: 3x
Position Size: 1% of capital
Remember to set your stop loss.
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GreenCrypto
ATOMUSD
ATOM/USDT Trading ScenarioAs a result of "Red Monday," the price chart of ATOM hit new lows since 2022. Notice how the price stabilizes in the range of $6.551 to $14.216. This range indicates heightened interest from market participants, confirmed by the volume profile. Amid widespread panic, the asset's price moved outside this range. From a long-term investment perspective, this situation appears promising. The current price may represent an opportune entry point into the asset.
ATOM (Cosmos) Potential Reversal from Long-Term Downtrend#ATOM/USDT #Analysis
Description
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+ ATOM is currently trading near $5.05, slightly above the key support level of $4.46. The 21 EMA ($5.67) and 55 EMA ($9.00) are still above the current price, which may act as resistance levels if the price attempts to move higher. A successful break above these EMAs could further confirm the bullish reversal.
+ The chart highlights a strong support zone around $4.46
+ The RSI is currently at 32, indicating that ATOM is in the oversold territory and could be due for a bounce.
+ If ATOM holds above the $4.46 support level and breaks above the 21 EMA, we could see a rally towards the $14.65 resistance level. This would represent a significant potential gain of approximately 200% from the current price, making it a compelling setup for bullish traders.
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VectorAlgo Trade Details
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Entry Price: 4.464
Stop Loss: 3.128
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Target 1: 5.772
Target 2: 7.203
Target 3: 9.581
Target 4: 14.333
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Timeframe: 1W
Capital Risk: 1-2% of trading amount
Leverage: 5-10x
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Enhance, Trade, Grow
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VectorAlgo
Wait for best positionATOMUSDT Analysis 📊
Key Levels:
Resistance Level: $7.116 🔴
Support Level: $5.051 🟢
Entry Level: Around $6.270 to $6.318 🚀
Take Profit Points (TP):
TP-1: $6.550 🥇
TP-2: $6.851 🥈
TP-3: $7.082 🥉
Trend Analysis:
Bullish Movement (Pump):
The chart indicates the best entry point after breaking the resistance at $6.318 🚀.
In this case, there is a strong probability of a bullish move that could push the price to the specified targets 📈.
Entry and Exit Points:
Entry: When the confirmed candle is around $6. 📥
Exit: At target levels $6.550, $6.851, and $7.082 depending on risk tolerance and profit goals 📤.
Risk Management:
Stop Loss: Around $5.744 to $5.713 ❌.
Profit Target: Up to 17% 📈.
Recommendations:
Profit Expectation: If you aim for a 17% profit, wait for the price to reach $7.116 🤑.
Entry Condition: It’s best to enter after confirming the resistance break and closing the candle above $6.318 ✅.
Position Management: Always consider your risk-to-reward ratio and stick to confirmed signals 🔍.
This analysis is based on the provided information and chart. Always conduct your analysis and review your strategies 📚. Also, never forget risk management 🛡️.
What does Cosmos Hub ATOM price prepare for us ?We would diagnose #Cosmos Hub that the patient is more dead than alive.
Or maybe you can convince us otherwise?)
Therefore, this idea is more for those who have been holding NASDAQ:ATOM for a long time and are waiting for a miracle from it)
Because we would not buy this coin with our own money now.
🔽If you have been holding #ATOM for a long time, you need to be psychologically prepared for the fact that the price may drop to $4.
🔼And you can also hope that MM will repeat with the #ATOMUSDT pair what it does every summer/autumn - it organizes without corrected growth
If the #ATOMUSD price consolidates above $8, it will be a good sign.
After that, you can start dreaming of a hike to $13.5, and if you're very lucky, to $19-21.5 🔝
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Maintaining the support rangeThe range between $6.715 and $6.350 is critical. This area acts as a strong support zone, and maintaining it could be the foundation for a strong upward movement.
If the price manages to hold the support range, we expect it to reach the level of $7.117. This level can act as a price target, which could be achieved with increased demand and sustained support.
Cosmos (ATOM) will die or reach the sun? Ultimate overviewHello, Skyrexians!
While Bitcoin is staying inside the price range, altcoins are collapsing every day. BINANCE:ATOMUSDT is not an exception. It has tested the bottom at $6 once more. For sure, it's not pumping because top crypto traders continue talking about altseason. Most of people simply copy trade and therefore, the crowd is sitting is assets and waiting for the growth. Most of investing and crypto trading strategies and trading bot strategies giving the strong long signals, but even if you use the great cryptocurrency trading strategy, it's necessary to take into account the sentiment. It's very difficult to pump assets if everybody bought it and wait for the fortune.
In today's article we will try to make it clear if ATOM found it's bottom, what is the current market phase and which possible scenarios can take place in the future. We will define the critical points when it's vital to make a decision. This overview will be useful for investors, traders and for who uses automated trading bots, automated trading software for cryptocurrency or grid trading bot. The potential scenarios can help you to make a decision how to set up your strategy to reduce risk and increase potential profit. Let's get started!
Cosmos global overview
ATOM is pretty old cryptocurrency which has been listed on the major exchanges in 2019. Therefore it has already showed us it's behavior is the bull run 2020-2021 and during the following bear market in 2022-2023. The key feature which we have to define for every crypto asset if it's up trending or so-called "scam" coin. ATOM set the higher low for the current bear market in comparison to previous one. It means the we can expect new ATH in the next bull cycle. Critical point which invalidate this statement located below $2.
Until price is above we will consider previous bull run as wave 1, current bear market as wave 2. It means that next bull run can reach the very high prices in wave 3. The minimal target is $49 which is 1 Fibonacci extension level. The most likely target is 1.61 Fibonacci at $77, and the positive one is above $120, but I personally don't believe in this.
Is bear market finished for ATOM?
Now it's time to look inside the wave 2, is it finished or not. For this purpose we will use the 1W chart and combination of indicators: Alligator and Awesome oscillator.
Possible downward moveIn the technical analysis of ATOM, supply and demand zones as well as key levels can be identified. Currently, the range of $9 to $9.3 acts as a strong supply zone. This area is considered a significant resistance level that can potentially push the price back down to lower levels.
If the price fails to break through this resistance, there is a possibility of a downward move towards the range of $8.5 to $8.2. In this range, there is potential demand that can prevent further price decline and even lead to a rebound.
#ATOM/USDT#ATOM
The price is moving in a bearish channel on the 12-hour frame and adheres to it well, and the price rebounded from the lower border of the channel at the green color at the price of $7.30.
We have a tendency to stabilize above the Moving Average 100
We have a downtrend on the RSI indicator that was broken to support the rise
Entry price 8.78
The first goal is 10.00
Second goal 11.17
Third goal 12.40
ATOM/USDT Local trend. Pivot zone.Logarithm. Time frame 1 day. Pivot zone.
A triangle was formed under the descending trend.
🟢 Its breakthrough — reversal and price growth.
🔴 No breakout and downward breakout of the triangle — realization of expected targets of the descending pennant. Stop losses are now very short.
On a larger scale on the linear looks like this.
Pair to bitcoin. Very important. Highly liquid HYIP alts market as a whole.
Published on 10 08 2022 see the idea, description + click play on the chart, this is a closed idea previously.
ATOM/BTC Major trend. Asynchrony. The big secret.
ATOM: in bear-trend📊Analysis by AhmadArz:
🔍Entry: 8.111
🛑Stop Loss: 8.323
🎯Take Profit: 7.898 - 7.637
🔗"Uncover new opportunities in the world of cryptocurrencies with AhmadArz.
💡Join us on TradingView and expand your investment knowledge with our five years of experience in financial markets."
🚀Please boost and💬 comment to share your thoughts with us!
Cosmos (ATOMUSD): Awaiting a Deep DiveCosmos (ATOMUSD): BINANCE:ATOMUSD
For Atom, we've had to adjust our limit order and counting as we observed an additional rise that did not fit into our initial analysis. This necessitates shifting our positioning of Wave (3) upwards. We are still within the ideal range of the 361.8% extension. Following this, we witnessed Wave (4) and an impulsive Wave (5) upwards, succeeded by a minor downward consolidation. In the coming days, we definitely expect to form a Wave (B) and then a Wave (C), although their precise locations are currently unclear. We lean towards expecting a Flat structure, typically between 100% and 138%; anything beyond would be excessive.
Assuming that Wave (A) has reached its bottom at the current level, and if we break out significantly above $15.17, we will need to reassess the entire scenario. Until then, we anticipate seeing a three-part downward correction before reaching Wave (C) and thus completing Wave (ii). This Wave (ii) should find its absolute support at the 78.6% level and its associated support zone. Depending on the position of Wave (ii), we then expect a minimum rise for the subordinate Wave (iii) to at least $21. However, in the days or weeks to come, we should still anticipate another significant downward movement after having developed the Wave (B) upwards.
ATOM LOOKS BULLISHIt has an ascending structure. Price had tried to create a bearish CH but failed and only the liquidity pool at the bottom of the chart was swept.
If there is a pullback on the demand range, you can look for buy/long positions.
The targets are clear on the chart.
Closing a one-day candle below the invalidation level
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
Cryptolean Cosmos ATOM Update After printing a double top in the daily chart, Cosmos declined and now is trying to reverse from the key daily support level at $11.42, re-testing $12.09 resistance.
A bullish break-out of $12.09 and a bullish candle closure above this level will result in a re-test of $12.89-$13.46 and, possibly, higher.
A rejection $12.09 followed by a bearish break-out of $11.42 will push #ATOM price lower towards $10.16.
Intraday Chart
The ATOMUSDT 4-Hour chart is bearish and teasing $12.24, the key intraday resistance.
A bearish rejection of $12.24 will push Cosmos price towards the key intraday support zone at $10.11-$10.71, where I will be closely watching the price action of ATOM.
A bullish break-out of $12.24 will push price to re-test $13.54, however the price action may be slow and choppy.
Support once read!
Thank you.
It's Finally time for ATOM! Bullish Div. WeeklyAtom has formed a weekly bullish divergence. Atom has been very weak during the past bear market and didn't show any strength in the most recent run.
But it's different and we can expect NASDAQ:ATOM to rise against ETH for at least %200.
ATOM ANALYSIS (1D)ATOM seems to be completing a large triangle, we are now in the middle of the bullish wave D of this triangle.
By maintaining the green range, it can move towards supply.
The targets are marked on the chart.
Closing a daily candle below the invalidation level will violate the analysis.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
#ATOM/USDT#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