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ATOMUSDT

ATOM/USDT Break the Key Level area. Ready to Upward Momentum ??💎 ATOM has certainly captured the attention of market enthusiasts. Presently, ATOM has managed to break free from the descending channel pattern, bypassing the typical retest at the pattern's resistance trendline. This is due to ATOM's swift move past the supply zone, solidifying its position above it. As a result, ATOM's focus now shifts to a retest at the current demand zone, with a probability prospects of further upward progression towards our anticipated supply targets. 💎 However, should ATOM retreat to the $7.5 demand zone and breach it, the next potential support lies at $7.19. Interestingly, this level coincides with the aforementioned resistance trendline, making it a pivotal point for ATOM's potential rebound and continued ascent. 💎 On the flip side, if ATOM struggles to hold the $7.19 demand zone and breaks below, it could signal a bearish trend. In such a scenario, ATOM might be on a downward trajectory, targeting its primary support levels.
by MyCryptoParadise_Nathan
1
Below 7.57: Enter the bottom sectionHello? Hello traders! If you "Follow" us, you can always get new information quickly. Please also click “Boost”. Have a good day. ------------------------------------- (ATOMUSDT chart) (1M charts) It appears to have entered the bottom section, falling below 7.57. Accordingly, caution is required when trading. (1W chart) If the price cannot be maintained by rising in the 6.943-8.06 range or higher, it is expected to fall to around 4.023-5.443. (1D chart) What is important is whether it can quickly rise above 6.646. If not, it is highly likely that it will lead to a further decline, so we need to seek a countermeasure. Looking at the Histogram indicator in the TS indicator, it shows that the intensity of the rise is high. Accordingly, I think there is still potential for an increase if it does not lead to further declines. Therefore, the key is whether the price can be maintained by rising to the current box range of 6.373-7.370. -------------------------------------------------- ------------------------------------------- ** All explanations are for reference only and do not guarantee profit or loss in investment. ** Trading volume is displayed as a candle body based on 10EMA. How to display (in order from darkest to darkest) More than 3 times the trading volume of 10EMA > 2.5 times > 2.0 times > 1.25 times > Trading volume below 10EMA ** Even if you know other people’s know-how, it takes a considerable amount of time to make it your own. ** This chart was created using my know-how. ---------------------------------
by readCrypto
ATOM/USDT potential upward shift? 👀 🚀 cosmosToday Analysis💎Paradisers, gear up for a thrilling opportunity with ATOMUSDT! Post its downward liquidity grab, it's now firmly anchored at a pivotal support, hinting at a potential bullish surge. 💎In our prior observations, ATOMUSDT, after setting equal highs, embarked on a significant downward journey. Currently, it's showcasing robust momentum above this key support. We're confident that there's a strong chance it will challenge the resistance level once again. 💎An additional factor bolstering this outlook is the pronounced volume indicated by the VRVP, which augments the bullish sentiment. However, given the prevailing market uncertainties, should the price dip below the 6.713 mark, be prepared for a potential descent to the subsequent support level. 💎Remember to employ prudent trading strategies and use proper stop-loss measures! Stay alert to market movements and look forward to more insights
Long
by MyCryptoParadise
ATOM/USDT Review Chart Hello everyone, I invite you to review the ATOM chart in pair with USDT. First, we will use the blue lines to mark the downward trend channel in which the price moves in the upper range. Going further, we can move on to marking support areas when we start a larger correction. And here you can see that the price remains at the support zone from $7.08 to $6.09, but if we fall lower, the next support zone starts at $5.10 and ends at $3.70. Looking the other way, we see that the price currently does not have the strength to break the resistance at $7.90, but when it does, it will move towards the first resistance zone from $8.93 to $9.76, and then towards the second zone from $10.59 to $11.76, then we have strong resistance at $13.25. Please look at the CHOP index, which indicates that we are quickly regaining energy for a new move, on the RSI we are in the process of recovery, which creates room for new increases, but the STOCH indicator shows that the dynamic movement of energy gives a very small price increase on the chart, which may translate into price recovery again.
by cryptodailyuk
2
1D Review ATOM/USDTI invite you to review the ATOM chart in pair to USDT on a one-day interval. Using the blue lines, we can mark the downtrend channel in which the price is moving and we can see that we are approaching the lower border of the indicated channel. Let's start by marking the price support spots and we see that we first have a $7.05 to $6.03 support zone, however if the price goes lower we have a very strong $5.03 to $3.60 zone and then when this zone is broken, we can see a drop to the $1.77 support area. Looking the other way, we can similarly determine the places of resistance that the price has to face. And here we see that the price has rejected the first zone which goes from $8.39 to $9.41, when we get out of it the price has to go through the second zone from $10.24 to $11.10 and then move towards very strong resistance zone from $12.23 to $13.73. The CHOP index indicates that there is still energy for the ongoing downward movement, we are in constant rebound on the RSI and we see that each increase gives a quick return to the lower limit of the range, while the STOCH indicator is heavily exhausted, which may give a temporary price rebound.
by cryptodailyuk
Brief Analysis——ATOMYesterday, due to the victory of Grayscale, BTC leads the entire market up. Many tokens are seeing gains of 5%+. Although winning the case does not mean that the BTC spot ETF will be approved soon, but the review efficiency will be improved. Today, we will conduct a brief analysis of ATOM and ONE. They were analyzed before. Let's take a look at their current situation. As we expected, ATOM fall with fluctuation after the last brief analysis and quickly approached the given support level. Although the bears has weakened since then, the bulls have shown no signs of strengthening, and the price has maintained a 10-day fluctuation. On Aug.15, the price broke through the given support level (green dotted line). ATOM remains bearish on a large scale and has started a new round of decline. The next strong support level is around 6. But we can see that during this round of decline, the power of the bears has gradually weakened. The slope of the red arrow has changed from steep to flat, while the green arrow has maintained almost the same slope. This shows that the bears has weakened and the bulls has increased. Conclusion: Mostly fluctuation. The bullish power is gradually increasing, so we believe that ATOM may get into a range. We set resistance level at 7.90 and support level at 7.03, which is near last week's lows. Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies. Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
by Sypool
ATOM Ready for Upward Movement? | Cosmos Analysis Today💎Attention, Paradisers! ATOM is on the move, currently navigating within a flawless descending triangle and setting the stage for a potential bullish upswing. 💎Just days ago, ATOM adeptly engaged with the bearish Order Block (OB), established equal highs and embarked on a bearish journey to address the Bullish OB and capture buying liquidity. 💎If the price successfully breaks through the upper boundary of the triangle, it's poised to engage with the overhead supply zone. However, let's not overlook the elephant in the room—market uncertainty, which could sway the price in either direction. 💎We're bullish on the prospect of the price retesting the supply zone, thanks to lingering liquidity. 💎Keep your charts refreshed and stay tuned for more updates. Happy trading!
Long
by MyCryptoParadise_Simon
3