ATOMUSDT
We got a runner!Longed this last night, and added around 6pm today. Price has been running since.
Just as the price finally broke above the 20dma, we see the price working through its S1 pivot point:
Its always great to tag the bottom, and we potentially have just that. Looking at the weekly price action we see something to be very bullish about. Price could rise substantially into the EMA ribbon (which is sloping downward indicating the bearish trend is still in-tact.)
If price breaks above the ema ribbon, we will add a lot of risk. From here, we will open a decent long and enjoy our 5% passive yield .
The short term trend is very bullish, and this can be exhibited on the 4h with bollingers as price hugs 3StdDev:
The slope of the moving average is also sloping ‘up’. Good entry, but keep risk dialed in.
Good luck trading mates.
ATOM bearish sentimentSeptember has major catalysts for the crypto market as well as for the stock market.
The Ethereum merge on September 6th, that will end on Sept 20, the inflation report on September 13 and the next FOMC meeting afterwards with the new interest rates hike.
That is reflected in the crypto space in general as a bearish outlook.
ATOM is a cypto with a negative overall sentiment recently.
I have the following price targets:
ATOM/USDT
Entry Range: $11.40 - 12.10
Price Target 1: $10.45
Price Target 2: $9.65
Price Target 3: $8.80
Stop Loss: $13.40
ATOM - BIG GAINS 💰Atom is almost at the end of its corrective wave. We are now anticipating the 5th wave, which should go below the end of Wave 3, hence why we want price to go below the structure.
Atom is offering one of the best returns. If we buy it at $4 and close at $40 , that's a 1000% return on your investment (atleast).
Trade Idea:
- Watch for price to go below the structure (below $6)
- Once we're there, look for bullish reversal signs such as trendline break, BOS etc.
- Targets: 20, 40, 60, HODL the rest
Goodluck and trade safe!
ATOM | Macro AnalysisHi guys! Please, support this idea and click the Boost button. Thank you!
Let's start with what COSMOS (ATOM) actually is.
Cosmos is a Proof-of-Stake Layer 0 blockchain, that solves the problems of Scalability, Usability, Sovereignty. In a nutshell, it's the base layer for other blockchains.
The Cosmos Network is a decentralised ecosystem of independent blockchains that can scale and connect with one another.
The world's most used framework for building blockchains is Cosmos SDK. Developers have built hundreds of blockchain projects on Cosmos, including BNB, CRO, RUNE, ROSE, OSMOS and many more. So, it's a fundamental, very solid project that have a bright future.
Now let's talk about price.
ATOM had a steady Uptrend from March 2020 to December 2021. This Impulse unfolded in 5 waves (black 1-5).
In February ATOM broke that Multi Year Uptrend and perfectly retested it in April. Rejection there kicked off the impulsive Wave 3 that took us down to $5.5
We're currently in a corrective wave (4) of that impulsive Wave 3. As we see the ‘Sell the Bounce’ Zone was perfectly touched this week. (Would be ideal to get a test of the 0.618 Fib and rejection there).
The last Wave down (5) is yet to get unfolded. I think it will take the price of ATOM to my Buy Zone between $3.5-4.9 (right where we have the 0.618 Fib from the low to high). That's my main buy zone for the Long term.
There's a stinky bid around that 0.786 Fib just in case. Would be sweet to buy ATOM that cheap.
A sneak peek of the Accumulation, New Uptrend & its Target (just my opinion)
I hope you liked my analysis. What do you think about it? Please do share your thoughts in the comments!
If you like the idea, please, hit the Boost button and subscribe to the profile in order not to miss updates
The information given is never financial advice. Always do your own research
ATOM - Stoploss hunt is coming🚧Shib is awesome candidate for long since:
⭐️ BTC bearish
⭐️ Domination looks bullish
⭐️ We are in the end of formation
⭐️ Spread is getting lower
⭐️ 4th approach
⭐️ Seller appeared
⭐️ Stoplosses are close
⭐️ Volume increases at top
⭐️ 30 ATR
⭐️ Under VWAP
Will enter when price slowly squeezes to the levelon 5m timeframe, the base will form and the tape will get faster.
Fix profit by parts:
1% - 1/3
2% - 1/3, stoploss to breakeven
What's left, hold to the maximum
What do you think of this idea? What is your opinion? Share it in the comments📄🖌
If you like the idea, please give it a like. This is the best "Thank you!" for the author 😊