ATOMUSDT
ATOM/USDT 4HOURS ANALYSIS Welcome to this quick Update, everyone.
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I also post altcoin setups on Spot, Margin, and Futures.
I have tried my best to bring the best possible outcome in this chart.
ATOM/USDT broker out the bullish expanding triangle pattern and retested it.
Entry: CMP and inside the green box
Targets 20% TO 30%
Stop Loss: $25.2
What's your thought on this?
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#PEACE
ATOMUSDT Analysis (LOCAL VISION)Hello friends.
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Everything on the chart.
I am waiting for an upward movement from the current price or through another small rollback to the area of + -37500
Entry: market and lower
Target: 32 - 35 - 37
Stop: under 25 (depending of ur risk). ALWAYS follow ur RM .
after first target reached move ur stop to breakeven
Risk/Reward: 1 to 5
risk is justified
Good luck everyone!
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Open to any questions and suggestions.
ATOM/USDT 4HOURS ANALYSIS Welcome to this quick Update, everyone.
If you are reading my updates for the first time do follow me to get more complex charts in a very simplified way.
I also post altcoin setups on Spot, Margin, and Futures.
I have tried my best to bring the best possible outcome in this chart.
ATOMUSDT is about to break this symmetrical triangle pattern.
LONG: CMP
TAKE PROFIT: 20% to 35%
SL: 28.8
What's your thought on this?
Do hit the like button if you like this update and share your views in the comment section.
Thank you
#PEACE
Atom/USD is that it or another leg?While Atom has done very well over the past 18 months is there another leg to go?
Potentially but I would have to assume there would be more pain and bleed out before we retest or pass prior ATH.
In reality we went from 1.60 in March 2022 to 44 bucks last month. I mean what mroe could you ask for? how about $75 MAYBE?
However if you notice in the Sept/Oct mini alt cycle Atom was one of the laggards to pop.. many other alts had taken off and started to retrace before this even stated to really take off.
Which leads me to think that IF we do get another rally in q2 of 2022 that this one would still act as a laggard. We would have to see more bleed out before whales see enough meat on the bone to really start pumping it.
A lot of people are betting on this 22-26 range to hold, but I just dont see it. To me a good buy it closer to the 15 to 17 dollar range... would line up with the 750 EMA (which I know seems random but a lot of dumps have been touching that EMA this cycle... the 500 day ema was church in the 2017 cycle... but now I think there is just so much more leverage taking place that the flush outs are really pushing those dumps further than normal. Even on exchanges that dont offer margin...the margin exchange cause a stronger flush out and then arbitrage opportunities happen...
ANNNYWAYS TLDR Love ATOM but I'm a buyer at 15-17 dollars while i think it is going to go lower.. Im not going to short it because....
I also dont know what I am talking about...
ATOM can reach 85$ in mid Term🟡Chart is speaking it self!
COSMOS/TETHERUS
🌳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.
Volatile market makes atom very fuzzyatom's chart right now is actually very bullish and will go to at least $36. But the market is full of uncertainties right now, and bitcoin and ethereum are very weak at the moment. So if atom can't make a strong breakout, then I think it will follow the general trend down to around $19.
ATOMUSDT SETUPATOMUSDT price hold the trendline support very well but as we know market still in some adjusting mode, so we are expecting price may correct itself a little towards 26-27 level. If you find this area it will be a good buying zone where we are expecting bulls trying to regain their dominance at this level. So keep yourself on board. Good luck.