ATOMUSD
(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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Update: Cosmos (ATOM) broke volume resistance - looking strongCosmos (ATOM) broke volume resistance - still looking strong.
A conformation also given by the breakout on RSI short-term resistance.
But RSI also slightly oversold.
Why is ATOM so strong against other Cryptos - what do you think? 😎
Drop me a nice comment if you'd like me to analyze any other cryptocurrency or do another comparison.
*not financial advice
do your own research before investing
Cosmos Rebuy Zones- Everything is mostly depending on TheKing but some projects like Cosmos have been super bullish.
- i won't talk about Cosmos Network FA but this project like to be as peacemaker.
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Trade Plan
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- Buy : 20$ ish
- Rebuy : 16$ ish
- TP : 59$ ish
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- Stop : 13.8$
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- i don't show Fibo too keep this graph clean but 16$ is around 78.6% + ichimoku Weekly Support.
- Manage your entries and your exit points, don't be greedy, and follow TheKing.
Happy Tr4Ding !
ATOM - Try this entry opportunityBINANCE:ATOMUSDT
1H trend chart
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ATOM is meeting the Vegas tunnel strategy on 1H chart
We can open it with following strategy.
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Profit Targets:
a) 39.73----Blue horizontal ray
b) 43.93--------Fib(1)
Stop losses:
a) 34.59-----Red horizontal ray
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ATOMUSD bounced off the 38.2 fib retracement levelATOMUSD could be looking to breakout and retest ATHs for the second time this week. The fib retracement back to the 38.2 and a strong bounce is typically a bullish indicator during a period of fast growth. Looking for continued volume and the MACD to show signs of a reversal.
I expect a price correctionOn a daily TF, the resistance of $ 33 and even $ 39 broke, and ATOM became very strong. I expect a price correction. If the $ 33 range is re-tested, that is great for entry, and if it grows and breaks the historic ceiling strongly, enter it in a pullback for the $ 51 and $ 59 targets.
ATOM/USDT 90% up from our entry so now book profit time#ATOM/USDT
$ATOM currently trading at $41 and hit $44
90% up from our entry.
No surprise that price was rejected at ATH Resistance.
Because this is First Attempt.
Next..?
We can see some Retracement if Rejected from Resistance and we can see Price again around $30 range.
After break The resistance our Target will be $70-$80
Support:- $30
Resistance:- $44
ATOM - short trade to 28$, then long to 40$, if you dare 😃ATOM hit old resistance at approx. 32.5$.
Good setup for short trade with stop loss just over resistance. I don't dare to take it, I will rather wait for breakout to take trade or enter long at green box zone. Don't like short in bull market.
Bullish pattern is in printing, once current resistance is turned into support, only 40$ level (trendline) is left before price discovery mode! 36$ could also act as resistance.
ATOMUSD looking to continue to break out and test ATHThe ATOM/USD pairing had a fib retracement that tapped within the golden pocket ranges and a quickly ran up shortly after. We just saw another retracement on the second run to the 23.6% fib levels which could lead to another break out and potentially retesting ATH's from earlier in the year.
Atomusdt SellHello traders!
Atom has broken the 3rd pattern and it is forming a reversal pattern above the 3rd pattern and soon this pattern will become the peak of the dump.
I am expecting that Atom will come back to test 35$.
Stoploss is -3% of the investment
Target is 13% of the investment
Suggested leverage 15x
Don't forget to hit the like button and follow to stay connected.
Cosmos (ATOM) broke volume restistance - looking strongCosmos (ATOM) broke volume restistance - looking strong
A conformation also given by the breakout on RSI short-term resistance.
What do you think? 😎
Drop me a nice comment if you'd like me to analyze any other cryptocurrency or do another comparison.
*not financial advice
do your own research before investing
Follow Up: ATOMUSD looking to continue to break out and test ATHWe ended up seeing two strong green candles after tapping the 23.6% fib retracement level which led to a small breakout as predicted. ATOM was able to top the previous high set on 1/1/22 and if continued volume comes in we could see ATOMUSD test ATHs. The RSI is not showing ATOMUSD as oversold on the 4H or daily chart and the MACD is still showing bullish momentum.
UPDATE: ATOM UP 367% after bull signal - What Next?Please Like or Follow if you enjoyed this content.
UPDATE: The price jumped 367+% after the bullish Supertrend Ninja signal in Jan 2021. And 262% in Aug 2021. The Supertrend Ninja also predicted the heavy Covid drop of 75% in Febr 2020. Big drops of May 2021 and Nov 2021.
On Christmas ATOM got another bullish signal of the Supertrend Ninja. First it started with a correction, falling exactly on the support level on 26.60 USDT. Where it bounced back up. Right now it's finding resistance from an orderblock. Get pas this, we will find resistance around 43.40 USDT.
Supports and Resistances are highlighted as grey blocks. Profits can be taken at each grey block. Supports and resistances are drawn using the indicator 'Yo Show Me Some Support - and Resistances'. Pun intended.
Thank you for reading.
Namasté 🙏
What Indicators Do I Use:
In the chart I am using the Supertrend Ninja indicator, which is a trend-following indicator (Green and red vertical line with arrows).
When the background of the candlestick closes green (vertical line) with an upwards pointing pink arrow. It indicates a possible bullish (up)trend.
With each trade proper risk management is essential. Either by using my script Trailing Stoploss Bottom Activation indicator, visible as grey dots below the candles. Which sends an alert, when current price goes below the previous candle low. Or using my Heikin Ashi Trailing Stoploss Activation, the indicator below with green and red blocks. Or third option, exit when the Supertrend Ninja indicator displays a vertical red line with a downwards pointing black arrow. Remember, the first stop(loss) is always the cheapest stop.
Disclaimer : Ideas are for entertainment purposes only. Not financial advice. Your own due diligence is highly advised before entering trades. Past performance is no guarantee of future returns.
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:
💡Don't miss the great buy opportunity in ATOMUSD @cosmosTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (32.66).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. ATOMUSD is in an uptrend, and the continuation of the uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 66.
Take Profits:
TP1= @ 37.14
TP2= @ 39.18
TP3= @ 41.63
TP4= @ 44.43
TP5= @ 47.17
SL= Break below S2
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