ATOM: Approaching ResistanceCosmos (ATOM) technical analysis:
Trade setup : Price has bounced off of $8.50 support and broke back above $10 resistance, however another resistance looms ahead: 200-day moving average at $11. If it breaks above that, it would make a Higher High and signal trend reversal to Uptrend.
Trend : Uptrend on Short-Term basis and Downtrend on Medium- and Long-Term basis.
Momentum is Bullish (MACD Line is above MACD Signal Line and RSI is above 55).
Support and Resistance : Nearest Support Zone is $8.50. The nearest Resistance Zone is $10.00 (previous support), then $12.50.
ATOMUSDT
ATOMUSDTHello Crypto Lovers,
Mars Signals team wishes you high profits.
This is a one-day-time frame analysis for ATOMUSDT
There is R2, R3 and R1 on the top which are our resistance areas and all include the disability of price to rise. And S1 is a support line which shows the support of price since the past. At the moment, we have the fluctuation of price at R1 and there are two options here. In case the price is able to give us some confirmation candles to rise, then an increase is predicted toward higher amounts including R2 or R3 (provided that more fluctuation happens over there). Even it is clear that if the price is not supported at R1, definitely it would experience more decline to S1. If you are looking for wise trades and less risky ones, our suggestion will be following our regular updates.
Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions.
Wish you luck
ATOMUSDT Short Trading Idea with Easy Invalidation.ATOM Short Trading Setup.
What I'm Looking In this Trade:
H4 Retest of key level 9.5 to fill previous vector candle.
Starting to DCA from 9.447 following next bid at 9.615 just incase fake pump or scam wick.
Confirmation to setup will be hard rejection at 9.615 with H4 Closing near 9.5
Hence, Its an easy invalidation to setup and reward is 4x time grater than risk.
ATOMBTC looks bearish (57 % dump likely) ATOMBTC has been in a very well-defined downtrend from January 2022.
A temporary horizontal support has held , however the price remains under downsloping resistance and overall the structure is very bearish as it's been creating only lower highs and lower lows.
We expect downtrend to continue for a while therefore 57 % dump is likely for ATOMBTC. After that it makes sense to flip bullish on this pair.
In August 2022 we published analysis where we expect a huge drop for a whole crypto market:
So far, this idea is playing out as expected and we believe that the final capitulation is coming which would trigger a 50%+ dump on ATOMBTC as well.
ATOMUSDT 1D Interval ReviewHello everyone, welcome to the ATOMUSDT 1D chart review.
Using the white line we will mark the trend line, as you can see the price is trying to break through the indicated trend, when it did it did not test it and quickly reversed. Currently, we can determine the local downtrend line with which the price is fighting.
As for setting support, we will explore it with Fib Retracement, the first support is at $8.05, when it is broken the next support is at the last low at $5.56.
Looking the other way, we have a lot of room for growth, however, the zone from $ 12.83 to $ 17.16 is significant, only when the price goes above this zone, and then positively tests it and establishes a new support, we will see an open road towards the price of $ 22.40, and then $ 31.26 .
At the moment, the volume is insignificant, the energy has been used for the last correction, the MACD begins to indicate the entry into a local uptrend, while the RSI after touching the lower limit begins to slowly increase.
Don't miss opportunity for Short position COSMOShello guys
we have a very good opportunity for BTC long position
If it stabilizes below the trend line, it can be expected to fall to the specified range
all you need to know is in the chart
good luck
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ATOMUSDT Elliott Waves AnalysisHello friends.
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Everything on the chart. (update)
the corrective formation has transformed into a potential double zigzag, the zone 7 - 7.5 will be an excellent point for opening a long position for those who have not opened before.
Entry: market and lower
Target: 10 - 15 - 19 - (22-25)
after first target reached move ur stop to breakeven
Stop: (depending of ur risk). ALWAYS follow ur RM.
risk is justified
Good luck everyone!
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