ATOMUSD
Cosmos ATOM price behaves "out of the box" are you expecting 🚀?First, let's look at the global chart of ATOMUSDT trading history
As you can see, the price entered the medium- and long-term buying zone six months ago.
It was followed by a good 80% increase in the price of ATOM, and for the past few months, it has been consolidating around the important $10.65 level.
In recent days, the ATOMUSD price has been quite well bought back and has not fallen down after BTC.
Even if we assume that the consolidation of the Cosmos token price will continue for several months (white scenario), there is still a +30% growth potential within the consolidation.
The critical level from above is $14.50
If buyers manage to break through and gain a foothold above $14.50, there will be space for growth to $20
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✅TS ❕ ATOMUSD: downtrend channel✅✅ ATOM could not break the structure.
The asset returned to the descending channel.
The price will continue its decline. ✅
🚀 SELL scenario: short to 10.591 🚀
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Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.
Cosmos (ATOM) analysis: New rubric "Where is the BOTTOM?"Hello, everyone!
Let's continue to analyze fundamentally strong crypto assets which I am going to buy at the very bottom. Now it's time to predict where the bottom for ATOM is gonna be.
Using trading chaos approach I defined the Elliott waves with the order you can see on the chart. You can tell me that wave 2 is too deep, but I have the evidence that it's correct. Look at the Fibonacci extension 1.61 - the natural wave 3 target. Price has reached this target perfectly. After that price has printed the wave 4 which is represented as a triangle correction. I think now ATOM is in wave 5 because it broke down the key fractal level.
The most important question: where is the gonna be the bottom. My answer is $3. There I will buy ATOM for the new bull run. This target was calculated according to the Tom Joseph's methodology. Bill Williams linked to his approach that's why I use it here.
Best regards, Ivan
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✅TS ❕ ATOMUSD: kept the support level✅✅ ATOMUSD is moving near the upper limit of the channel.
The chart has once again held the support level.
We believe that the price of the asset will continue to rise. ✅
🚀 BUY scenario: long to 12.639 🚀
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Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.
ATOMUSD - Bullish Trend - 1H TFBased on the chart pattern analysis, it appears that the price is forming higher highs (HHs) and higher lows (HLs), which indicates a bullish trend. Furthermore, the Relative Strength Index (RSI) showing divergence is synced currently. I recommend taking a long trade with a risk/reward ratio of 1:1
Please note that this is my personal analysis and trade plan, and it is important for you to conduct your own research and risk management strategies before making any trading decisions.
[cosmos] by qikoToday, I bring forth a fascinating analysis of ATOM.
Since its low in March 2020, ATOM has experienced an impressive 4100% increase at its peak. Subsequently, ATOM descended in five waves, with the 5th wave truncating, signifying the inception of a downtrend.
I anticipate the swing highs to be surpassed for Wave B before resuming the downtrend to complete Wave C.
Wave B Target: ~ 26
Wave C Target: ~ 3
ATOM-USD✦SHORT TRADE SETUP✦ONE HOUR✦ATOM (COSMOS) is moving in a bearish direction and making a Bearish Flag Continuation Pattern. In addition, the presence of divergence is negative. Therefore, this trade setup is designed to have a SHORT TRADE opportunity over one hour time frame. Projected Price is given in dashed line. Risk Reward Ratio is set to 2% of the total portfolio.
ATOM can increase a lot pretty soon!ATOM is going to create a big double bottom pattern which means the price shall increase a lot ! the second Bottom will be created soon and afterward we shall expect the price to increase as much as the measured price movement (the length between the top and the bottom of the pattern) and reach 15.85$
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🌍Thank you for seeing idea .
Have a nice day and Good luck.
ATOM/USDT Secondary trend. Right shoulder area.Secondary trend. Time frame 1 week. Logarithm. Showing % of potential reversal zones depending on the overall situation in the crypto market.
Coinmarketcap : Cosmos
Line graph.
Local trend. Pivot zone. Time frame 1 day.
Main Trend Look at my previous idea published half a year ago by clicking on the "play" button on the price chart.
ATOM/USDT Main Trend. Channel. The important zone.
✅TS ❕ ATOMUSD: downtrend✅✅ ATOM/USDT moves in a downtrend.
The chart has returned to the downtrend channel.
Price will continue to decline. ✅
🚀 SELL scenario: short to 10.591. 🚀
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Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments
ATOM accumulation is unfolding, long or short?In general longs are preferred, with one simple note though, we might sink on 10.0-9.n in the current ending diagonal, which is highly possible. I protected my long position in the wallet with a small short, because drop can be 15% from the current price.
Also there's a chance that we might rocket any time soon, and ending diaogonal just becaomes a correction, though my gut feeling is telling me that it's not that simple.
Good luck trader!