Atom Breaking Out
Formed & Breaking Descending Channel In Daily Timeframe Incase Of Breakout Expecting 65 - 70% Bullish Rally Keep Eyes On For Breakout
ATOMUSDT
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 $11.15.
Looking forward to read your opinion about it!
SasanSeifi 💁♂️ATOM👉1D ⏩ 10.20$❗Hey there,
🔱In the daily timeframe chart, You can see that after a drop, the price has been bouncing back with some positive movement from the $8.50 range. And then, it found support again at around $8.50 after a small correction. Right now, it's trading around $9.40. Here's a scenario to consider: if the $8.50 support level holds, we might see the price grow towards the important resistance level at $10 / $10.20 and create a new high. To understand the next move better, let's see how the price reacts to those resistance levels!
🔹Just keep these scenarios in mind as you analyze the market. Remember, things can always change unexpectedly, so stay flexible in your trading approach.
Wishing you loads of success in your trading adventures, my friend!✌️
❎ (DYOR)...⚠️⚜️
🔹Sure, if you have any more questions or need further clarification, feel free to ask. I'm here to help!
🔹And if you found my analysis helpful, I would appreciate it if you could show your support by liking and commenting. Thank you! 🙌
ATOM/USDT 4H Interval ReviewHello everyone, I invite you to review the ATOM chart in pair to USDT, like its predecessor on the four-hour interval. First, we will use the blue lines to mark the downtrend channel in which the price is moving.
Going further, we can move on to selecting support places, for this we will use the trend based fib extension tool. And here we will mark a significant support zone from $8.16 to $6.91, however, when the zone does not hold the price, we can see a drop around the second very strong zone from $5.90 to $4.91.
Looking the other way, we see that the price is moving towards an important resistance zone from $10.54 to $11.37. If it manages to break out of this zone upwards, the price will move towards a strong resistance at $12.56 and further to the resistance at $14.05.
Please look at the CHOP index, which indicates that the energy for the moment is used, the MACD indicates that we are moving in a local downtrend, while the RSI has a significant rebound to the lower part of the range, which may give a change in the trend in the coming hours.
The key is whether it can rise with support from 9.603-9.999Hello?
Traders, welcome.
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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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ATOMUSDT Elliott Waves AnalysisHello friends.
Please support my work by clicking the LIKE button👍(If you liked). Also i will appreciate for ur activity. Thank you!
Everything on the chart.
Entry: market and lower
Targets: 13 - 16 - 20
after first target reached move ur stop to breakeven
Stop: 5.7 (depending of ur risk). ALWAYS follow ur RM .
RR: 1 to 5
risk is justified
Good luck everyone!
Follow me on TRADINGView, if you don't want to miss my next analysis or signals.
It's not financial advice.
Dont Forget, always make your own research before to trade my ideas!
Open to any questions and suggestions
$ATOM W pattern on W ChartInteresting pattern on the W chart from ATOM COINBASE:ATOMUSD July will be a good month to trade
DYOR
Shor ATOM NASDAQ:ATOM bounced off the resistance level and broke through the ascending rendline. Decline to $7.7 is likely to happen next.
ATOMUSDT.1DHello Crypto Lovers, This is a 1D frame analysis for ATOMUSDT After hitting the second support line, as you can see, the price was able to move up again and support the price. Currently, the price is below the first resistance zone and we expect it to reach the first resistance zone. If it fails to establish itself above the resistance zone, we expect to see a price correction. However, if it is able to break through the resistance zone and establish itself above it, we expect a price increase. Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions. Take care
ATOM/USDT LongTerm LONGHi y'all,
After almost a year, I am back!
We need time to find ourselves and change our lives in a way that we WANT.
So I have recently been analyzing the crypto market again and I think we can have a slight bullish movement.
Here is the chart of ATOMUSDT.
A w pattern is clearly to be seen in this chart based on fibonacci levels
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 $5.60.
Looking forward to read your opinion about it.
short ATOMNASDAQ:ATOM is bouncing off the resistance level and the descending trendline. Decline to support level at 9.32$ is likely to happen.
Cosmos shortCosmos bounced off the descending trendline. Asset broke trough the support level. Bearish movement to support level at 10.23 is possible.
ATOMUSDT Elliott Waves AnalysisHello friends.
Please support my work by clicking the LIKE button👍(If you liked). Also i will appreciate for ur activity. Thank you!
Everything on the chart. (update)
Still waiting for upward movement in 18-22$ zone.
Entry: market and lower
Targets: 16 - 18 - 20 and maybe ~22(not sure)
after first target reached move ur stop to breakeven
Stop: (depending of ur risk). ALWAYS follow ur RM .
risk is justified
Good luck everyone!
Follow me on TRADINGView, if you don't want to miss my next analysis or signals.
It's not financial advice.
Dont Forget, always make your own research before to trade my ideas!
Open to any questions and suggestions
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.
Cosmos shortCosmos broke trough the ascending trendline. Asset broke trough the support level. Bearish movement to support level at 10.25 is possible.
ATOMUSDT 1W LONG📈Hello everyone. ATOM is at the support of small and large triangles. I recommend considering a long break/retest, depending on your strategy. Marked goals and possible scenarios on the chart.
long ATOMNASDAQ:ATOM broke through the descending trendline and the resistance level. Bullish movement to resistance at $11.28 is expected to happen.
We will see Atom at the price of 12 usdt :)The chart shows a decrease, after which we see an increase in price.
Well, we all see this. But what makes me hopeful for this increase is a permanent support point. It is expected that with this trend, we will have a significant increase after a decrease.
atomusdt (cosmos) are you rdy?🧨😉Atom currency
From the volume point of view, the price to volume ratio is low, the purchase volume is high, so it can be said that the banks are making high purchases, but from the point of view of the bank price, it has not yet reached the desired price of the banks.
The price of banks to buy this currency is 18% lower than the current price.
So what we are seeing is that the price should first see $8.577, then the best entry target to enter this currency is this price so that we are ready for the upward targets.
The first target is $14,660 and the second target is $16,793
ATOMUSDT.1DHello dear friends,
*Mars Signals Team wishes you high profits*
This is a time frame analysis for ATOMUSDT.1D
We are in the day. As you can see, the price is fluctuating in a neutral trend. And our support zone has been able to support the price several times and move towards our first resistance zone. We have specified the desired scenarios with a guide arrow. We have to wait from which side the price starts to break.
Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions.
Take care
