ATOMUSD ❕ support levelATOM is moving in a descending channel and has now reached a support level.
I think the asset may rebound only after fixing above the upper boundary of the channel.
ATOMUSD
Atom Analysis Run#CryptoWhale100Billion Alt Coin Analysis: Atom
My analysis shows that Atom may experience a bullish trend in the medium term. The current price is hovering around the support level of $7, and if it manages to hold this level, we can expect the price to rise to the next resistance level at $8 and potentially break out.
The RSI indicator is currently in the oversold region, indicating that Atom is [undervalued and may experience a bullish reversal soon. Additionally, the MACD indicator is showing signs of a bullish crossover, indicating that the momentum is shifting upward.
Strategy for Atom would be to buy at the current price or lower, hold on to the position, and consider adding more if the price breaks through the resistance level. If the price drops below the support level $7, it may be wise to consider buying or setting stop-loss orders.
Shoot me a message with your Technical Analysis to see your thoughts and trading strategies.
#CryptoWhale100Billion
Press The Thumbs Up and shoot me a message below with your ideas on where Alt may go next.
Thank you for the support!
Below are some previous chart links I've written in the past for reference:
ATOM - Higher Timeframe Overview ✨In the 2week chart of ATOM, we can see that we're in wave 2 correction, which is an ABC wave.
We are currently in wave B, which appears to be a complex correction. Expecting subwave C of wave B to move higher to complete the correction
See next post for lower timeframe overview.
Goodluck and as always, trade safe!
ATOM - Lower Timeframe Overview ✅Here we have the 3D chart. We could possibly be in a 335 flat correction.
This would make the next wave (wave C) 5 waves.
Trade idea:
- Entry on break of red trendline
- stops below the lows after trendline break
- Targets: 14, 16, taper
Goodluck and as always, trade safe!
ATOM ready to pump 50% above 🆓🚦📌 #dyor
Position size :: 1%
Leverage :: cross 🤞 2-5x
NASDAQ:ATOM -USDT 📌
#futuretrade :: BUY-LONG ↗️
#BUY :: $8.06 - $8.56
🎯
:: $9.9
:: $12.6
Stop 🛑 lose #SL :: $7.56
📌 always move stop lose #sl when target get reached 📌
#risk :: medium #scalping
Strong rejection at high liquid 💰 area ready to fly 🕊️💸
ATOMUSD ❕ descending wedgeTD Sequential formed a reversal signal up (4H TF)
Price and RSI chart formed a convergence (30m TF)
I believe the asset will rebound if it holds the current support.
ATOMUSD ❕ fixed under the supportATOM has fixed under 50EMA on the 4H TF.
RSI is moving in the bearish zone.
I expect the decline to continue.
ATOMUSD ❕ broke down the channelRSI is moving in the bearish zone.
The 50EMA broke down through the 200EMA on the 4H TF.
I believe that after the retest and fixing under the resistance level, the chart will continue to decline.
ATOM LOOKS BULLISH (4H)Hi, dear traders. how are you ? Today we have a viewpoint to BUY/LONG the ATOM symbol.
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
Cosmos (ATOM) formed bullish Gartley for upto 12.50% pumpHi dear friends, hope you are well and welcome to the new update on Cosmos (ATOM) coin with US Dollar pair.
Recently we caught more than 13% pump of ATOM as below:
Now on a 4-hr frame, ATOM has formed a bullish Gartley move for the next price reversal.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
ATOM Cosmos and the Altcoin Season ThesisThe recent developments in the cryptocurrency market, particularly the favorable court ruling for Ripple Labs, signal an optimistic start to a new altcoin season.
With the federal judge ruling that some of Ripple's sales of the XRP token do not fully meet the definition of a securities offering, it instills confidence in the altcoin space.
This ruling brings clarity to the regulatory landscape and alleviates concerns surrounding XRP, leading to major cryptocurrency exchanges, including Coinbase, relisting the token. The reintroduction of XRP to these platforms demonstrates growing acceptance and renewed interest in this altcoin.
The anticipation surrounding the approval of a spot bitcoin ETF in the United States adds to the positive sentiment in the market.
The successful launch of a previously approved ETF in Europe further reinforces the upward trend for altcoins.
The recent court ruling that declared XRP as not a security sets a precedent that could potentially benefit other cryptocurrencies currently classified as securities by the SEC. In the SEC's case against Binance, they designated 10 cryptocurrencies, including BNB, BUSD, SOL, ADA, MATIC, ATOM, SAND, MANA, AXS, and COTI, as securities.
Additionally, in the SEC's lawsuit against Coinbase, they named 13 cryptocurrencies, reinforcing their stance on SOL, ADA, MATIC, SAND, and AXS, and adding CHZ, FLOW, ICP, NEAR, VGX, and NEXO to the list.
This development showcases the increasing institutional acceptance of cryptocurrencies and creates a ripple effect across the market, providing a boost for various altcoins, including ATOM Cosmos, for which my price target is $11.15.
Looking forward to read your opinion about it!
ATOMUSD ❕ fixed under the channelATOM fixed under the ascending channel and the chart formed a downward movement.
The price has fixed under the 50EMA on the 4H TF.
I expect the continuation of the decline.
Cosmos: Roll up your sleeves… 👏… and get to work! From the low of wave ii in magenta, Cosmos has already started a strong upwards movement, but there is still much to be done. We expect the altcoin to make it above the resistance at $15.81 to complete wave iii in magenta, whose top should be developed around $25. However, there is a 42% chance that Cosmos could lose its strength and drop below the support at $5.54 instead. In that case, we would reckon with the new low of wave alt.II in white first before a sustainable ascent can begin.
ATOMUSD ❕ tests the supportTD Sequential has formed an up reversal signal on the 1H TF.
RSI is moving in the buy zone (4H, 1H and 30m TFs)
I believe ATOM will continue to rise if it holds support.
The key is whether it can rise with support from 9.603-9.999Hello?
Traders, welcome.
If you "Follow", you can always get new information quickly.
Please also click "Boost".
Have a good day.
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(ATOMUSDT chart)
Looking at the 1D chart,
A rise above 9.603 indicates that the CCI indicator has exited the oversold zone.
Accordingly, the key is whether it can rise with support around 9.603-9.999.
If it rises above 9.999,
1st: 11.992-12.881
2nd: 14.319-15.083
Split selling is possible when resistance is received in the first and second sections above.
However, it is expected that a full-fledged upward trend will begin only when it rises above 14.319.
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** All descriptions are for reference only and do not guarantee profit or loss in investment.
** Even if you know other people's know-how, it takes a considerable period of time to make it your own.
** This is a chart created with my know-how.
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ATOMUSD ❕ bullish sentementATOM has fixed above 50EMA on 1H TF.
The RSI chart is moving into the buy zone at 4H, 1H and 30m TFs.
I believe that having broken through resistance the asset will continue to rise.
ATOMUSD ❕ broke down the channelTD Sequential has formed a reversal signal down on the 4H TF.
The chart has broken down the upward channel.
I believe ATOM will continue to fall soon.
ATOMUSD Channel Down bottom rebound with immediate target $10.Cosmos / ATOMUSD is rebounding after almost reaching the bottom of the long term Channel Up.
This rebound is being fuelled by an enormously oversold 1day RSI.
Buy and target the 1day MA50 and dashed trendline at 10.00 short term.
If the price closes over Resistance A (11.00), buy again and target Resistance B (13.00) on the medium term.
Follow us, like the idea and leave a comment below!!
ATOM Looks AMAZINGATOM looks like a BUY here.
Broke out of resistance and landed on support.
Doesnt get any better than this.
ATOM Cosmos Bearish Pennant PatternIn its recent case against Binance, the SEC introduced 10 cryptocurrencies into the securities classification: BNB (BNB), Binance USD (BUSD), Solana (SOL), Cardano (ADA), Polygon (MATIC), Cosmos (ATOM), The Sandbox (SAND), Decentraland (MANA), Axie Infinity (AXS) and COTI (COTI).
A bearish pennant is a technical chart pattern that typically occurs during a downward trend in a financial market. It is characterized by a small symmetrical triangle formation, with converging trendlines that resemble a pennant shape. This pattern suggests a temporary pause or consolidation in the price movement before a potential continuation of the downtrend.
When a bearish pennant pattern breaks down, it means that the price has moved below the lower trendline, signaling a potential resumption of the downtrend. This breakdown is considered a bearish signal and may indicate further downward price movement in the near term.
Traders and investors often monitor bearish pennants and their breakdowns as potential opportunities to initiate or add to short positions or to manage existing bearish trades.
My price Target for ATOM is $5.60.
Looking forward to read your opinion about it.
ATOMUSD ❕ lower boundary of the channelATOM has sharply reached the lower boundary of the current descending channel.
Many technical analysis indicators indicate that the asset is oversold.
I believe that the price can bounce if it holds in the channel.
ATOMUSDT at monthly support, likley to head towards 13.5-14.7So this is high time frame analysis. The price is trading around monthly support MS1. It has tapped this support several times in past few weeks and every time the price has bounce to the upside although with diminishing degree. Still, it is likely that the price will make a larger move to the upside. It is possible that the price dips into this monthly support and breaches it briefly but even in that case I am not expecting it to go below the 8.84 level marked on the chart. But my bet would be that this monthly support holds and the price move upward from this support. The first target should be monthly resistance MR1. Other resistance levels are also marked on the chart.
