ATOM: Approaching ResistanceCosmos (ATOM) technical analysis:
Trade setup : Price has bounced off of $8.50 support and broke back above $10 and $12 resistance as well as 200-day moving average. It also made a Higher High, which are all signs of bullish trend reversal. If it breaks above the down trendline, it could revisit $16.
Trend : Uptrend on Short- and Medium-Term basis and Neutral on Long-Term basis.
Momentum is Mixed as MACD Line is below MACD Signal Line (Bearish) but RSI > 55 (Bullish).
Support and Resistance : Nearest Support Zone is $12.00 (previous resistance), then $10.00. The nearest Resistance Zone is $16.00.
ATOMUSDT
ATOMUSDT Elliott Waves AnalysisHello friends.
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Everything on the chart. (update)
Nothing has changed from my last idea, setup is valid, waiting my targets.
Entry: market and lower
Target: 15 - 19 - 22 and maybe even ~25
after first target reached move ur stop to breakeven
Stop: (depending of ur risk). ALWAYS follow ur RM .
cancellation of setup - consolidation under 6
risk is justified
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Atom is bearishIf we look at 4 hours and 1-day chart we have two opportunities. It can be bullish if it holds its value above 13.414 which seems impossible right now. The triangle pattern even if it's 4 hr or 1 day we see it bearish. Atom will accumulate its value between 8.46-9.6.
ATOMUSDT: Are Cosmos & Altcoins Reversal Coming soon?Hello, Fellow Cryptocurrencies Trader/Investor!
Price Action Analysis
ATOMUSDT is moving above EMA90, indicating a bullish trend. The Breakout of Descending Broadening Wedge Pattern suggests a Medium-term upside movement. MACD Indicator made a golden cross, signifying a possible upside movement to the target area.
Other Technical Drives
U.S. Dollar Bearish Bias Still Prevails!
All other explanations are presented on the chart.
The roadmap will be invalid after reaching the target/support area.
"Disclaimer: The outlook is only for educational purposes, not a recommendation to put a long or short position on the ATOMUSDT"
WILL BINANCE DELIST EFFECT ATOM?Binance has announced that it will delist ATOM from its spot trading platform on January 27th, 2023. . we look at the short-term frame of what could change.
Holders of ATOM on Binance's spot trading platform have two options: they can either transfer their coins to a different wallet or sell them. The latter option may have an impact on the price action of ATOM. However, it is important to note that there are no guarantees on how the market will react, and it's important to consider all possibilities
The news is just new and not older than 1H.
When the same happened before at the beam, we did see a huge breakdown of over 30%
but still, this does not mean it should happen the same, this idea is only to get watch the trend.
ATOM Looking Bullish!KUCOIN:ATOMUSDT
ATOM is formed in a build up. Waiting for igniting trigger to open position.
On breakdown can short to possible pullback on LTF and wait for another move higher in direction of trend.
Bitcoin is trying to hold support and will guide direction.
Many earnings this week so be prepared to be more patient.
If you liked this idea or if you have your own opinion about it, write in the comments.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations.
🌌Cosmos🌌Analyze (Similar movements)!!!⚖️Today I want to analyze the Cosmos project; stay with me.
What Is Cosmos (ATOM)?
In a nutshell, Cosmos bills itself as a project that solves some of the “hardest problems” facing the blockchain industry. It aims to offer an antidote to “slow, expensive, unscalable and environmentally harmful” proof-of-work protocols, like those used by Bitcoin, by offering an ecosystem of connected blockchains.
The project’s other goals include making blockchain technology less complex and difficult for developers thanks to a modular framework that demystifies decentralized apps. Last but not least, an Interblockchain Communication protocol makes it easier for blockchain networks to communicate with each other — preventing fragmentation in the industry.
Cosmos’ origins can be dated back to 2014, when Tendermint, a core contributor to the network, was founded. In 2016, a white paper for Cosmos was published — and a token sale was held the following year. ATOM tokens are earned through a hybrid proof-of-stake algorithm, and they help to keep the Cosmos Hub, the project’s flagship blockchain, secure. This cryptocurrency also has a role in the network’s governance.
It seems that the Cosmos project is following similar movements so that as I specified in my chart, movement (1) is quite similar(even microwaves) to movement (3). Probably, according to other factors of technical analysis, movement (4) also will be similar to the movement (2).
Cosmos Analyze (ATOMUSDT) Daily Timeframe⏰.
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ATOMUSDT 1D Interval ReviewAs the last in today's review, we will check the ATOM chart, just like its predecessors, on a one-day interval. Let's start by marking the downtrend line that the price has to face, and then it is worth marking the local uptrend line that the price is currently moving above.
As for support, we see that we have the first support at $11.37, where the price has now completed a correction, the second support is at $9.99, and the third support is at $8.04.
Now, similarly, it is worth checking the resistances that the ATOM price has to face in the coming time. And here we see that the first resistance is at $12.82, the second resistance at $13.86, the third at $15.31 and the fourth very strong resistance at $17.19.
Next, it is worth paying attention to the EMA Cross 10 and 30, which, despite the correction, still show an upward trend.
On the CHOP index, we can see rising energy, MACD is on the verge of entering a downtrend, while on the rsi we have a nice rebound and a small increase, here it is worth noting that we are moving at the upper limit of the range in which you can often encounter a price correction.
ATOM-BTC has broken out of 3-4 month downtrend, now re-testingATOM-BTC ought normally be on a 20-30 degree downslope to account for tokenomics. ATOM outperforms BTC by 20%+ per year when price ratio is unchanged. We seem to have broken out of the last 3-4 months downtrend. See now that ATOM-BTC is coming back to re-test. ATOM is one of those rare mid-to-high yielders which can hold pace on a price basis over periods of time.
Q: How do you keep a COSMO bull in suspense?
A: I will tell you tomorrow.
Atom: Short timeHello Traders!
Welcome back to another trade with analyst Aadil1000x.
Today we are shorting again and this time we are shorting Atom from the key reversal Area.
Sell Atom Now @ 12.39
Stoploss 12.615(-1.8%)
Target 1, 12.101(+2.3%)
Final Target 11.756(+5.12%)
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LONG OPPORTUNITY IN "ATOM USDT"Here we can see that "ATOM USDT" chart in 1 day time frame has a resistance by a trendline on at "13.216" and a support zone at "10.922". We can see that the price reacted varios times from both the resistance and support zone. We can look for a LONG OPPORTUNITY at the "10.992" zone with a tight STOPLOSS of 2.43% at "10.584" and TARGET ZONE at "13.064". If this trade gets successfull it has a RISK REWARD ratio of "1:6". TAKE TRADE IN FUTURE WITH 20X LEVERAGE.
ENJOY!!!