Splitting the ATOM (Long-term Analysis)ATOM has been performing well despite the rocky road BTC is paving. In its previous breakout, ATOM formed a cup & handle pattern which resulted in a strong breakout. It looks like ATOM is performing a similar pattern which began at the end of Oct 2021.
- It dropped from a high;
- It paused when it dropped from the high which rounded the bottom of the cup;
- It is re-testing the high at the beginning of the cup; and
- The volume on the right side of the cup is on average lower than on the left
A small retrace in price can occur to either the 78.6 or 61.8 levels followed by a breakout to complete this bullish pattern. In the event of a strong breakout ATOM could make its way to the 161.8 fib forming a new ATH.
On the other hand, ATOM could do what NEAR token is doing and simply keep moving up and breaking its resistances with ease.
Never buy at an ATH.
Which scenario do you think is most likely?
Please note I am not a financial advisor and this is not financial advice. All ideas are for educational purposes only :)
Please feel free to leave your comments, questions and thoughts below!
Cosmos
ATOMUSD looking to continue to break out and test ATHThe ATOM/USD pairing had a fib retracement that tapped within the golden pocket ranges and a quickly ran up shortly after. We just saw another retracement on the second run to the 23.6% fib levels which could lead to another break out and potentially retesting ATH's from earlier in the year.
ATOMUSDT - WEEKLY ANALYSIS (IS BOMB OUT OF ITS SHELL?)ATOMUSDT Hello fellows, Today we will discuss COSMOS in our Weekly Analysis.
Let start from the previous week, As the price printed 44.8 its ATH on 20 Sep 2021 strat retracing and reached 20.0. As we can see it took support from its ascending trendline and closed above 0.61% fib level support level. But once the previous week strat bulls react aggressively and fuel up their momentum and close that weekly candle with a 60% gain.
Meanwhile, the Bulls broke the 21 EMA and reclaim their power after almost 13 straight weeks of bear's dominance.
Now, what next?
Bears start this week by showing some resistance and they pull the price down towards 25 level but the bulls roared again and push the price upward.
During this tug of war, the STOCH RSI stretch its muscles and come out from oversold condition and now pointing towards the sky.
So We are expecting that in the coming session price could be reached at the ATH or even break it and Print a new ATH. Buy on Dips will be a wise strategy for the coming weeks.
We will keep you updated about the development in a shorter timeframe.
Please support the stuff if you like it. Good Luck!
ATOM inverted head & shoulders and parallel channel#ATOM/USDT
$ATOM is inside weekly ascending parallel channel, daily candle broke out from middle line but reached a descending resistance line that possible to reject the price to support zone between $32.5 and $28.7. if this rejection happen, an inverted head and shoulders pattern can shape then price continue its uptrend to upper line of channel that is the same with target of head and shoulders and also the same with 1.618 fib level of whole swing down.
BITCOIN 6H TA : 01.04.22 : $BTCThe Last Analysis is Still Valid ... Which was :
In the 6-hour time frame, we see that the price is still trading in the neutral range, but last night the monthly candle did not close in good condition , but again, if we want to be 1% optimistic, we can say that the Close of the monthly candle was higher than the Open of October candle. Also, it is better not to prejudge the market and wait for a strong breakout (either from below or from above) until the price is out of the neutral range.
Follow our other analysis & Feel free to ask any questions you have, we are here to help.
⚠️ This Analysis will be updated ...
👤 Arman Shaban : @ArmanShabanTrading
📅 01.04.2022
⚠️(DYOR)
❤️ If you apperciate my work , Please like and comment , It Keeps me motivated to do better ❤️
ATOMUSDTHow's Going everyone ? Everything is ok ?
Let's Dont Talk too much and Analyze the ATOM chart , as i see the atom after the breaking the descending channel going up and now retest and pullback to Area , so if BITCOIN dosn't Crash i'm expect to see the 38$ in mid-term , but as you know we are just analyzing the chart and maybe market return , you have to set your stopploss and do it with your own risk !
ITS NOT FINANCIAL ADVICE
Good Luck !
ATOM SKYROCKETING BACK to NOVEMBER LEVELS.The Cosmos coin has been very strong in recent days, considering the overall weakness of the market.
Investors are increasingly eager to invest in this project, which helps connect data from different blockchains, and thus is critical for further adoption.
On a technical standpoint, it has still 25% left to make a new ATH. A lot of supply on the way which might hinder for some time a new uptrend.
Let me know your thoughts.
Thank you and good trading!
ATOM - perfect trade setupIn previous analysis (link bellow) my short and then long trade turned out very accurate (although I didn't take short trade).
Short from 32$ to support and then long from that support to 40$ is still in play.
Price dropped a little bit more then I expected, but still great short and long trade could have been caught.
Now I'm looking for retrace from 36$ (predicted resistance) to retest upper trendline and then further bullish price action to the last trendline before new ATH.
Note: I'm holding ATOM for longer term run, this is just a trade on futures market.
Previous analysis:
Luna needs an extreme correction or will skyrocket at the 3rd?since I believe in this project I can't believe the slide till $7! this 1st wave will have an infinity 3rd wave beyond the crab pattern target.
crab harmonic pattern:
X=$12.7
AB=0.38 XA
BC=0.38 AB
1.6 BC=$1.14
2 BC=$1.62
2.24 BC=$2
2.6 BC=$2.85
0.78 XA=$4.5
3.6 BC=$7.1
0.88 XA=$7.34
4.23 BC=$12.46
1.13 XA=$23.73
1.27 XA=$47
1.41 XA=$91.22
6.85 BC=$135
1.6 XA=$248
ATOMUSDTI am sharing support and resistance for $ATOM/USDT.
You are smart enough to play this setup with a tight SL be it long or short.
Plus as I can see on 4hr there is a continuation of hidden bearish divergence on RSI which is a matter of concern. Personally I will wait for it to confirm support by daily closing above the important support zone I marked for further upside.
#DYOR
COSMOS Daily TA : 12.30.21 : $ATOMAll supports and resistances are marked on the chart. As we can see, the price is in an important range and recommended to keep an eye on it ...
Follow our other analysis & Feel free to ask any questions you have, we are here to help.
⚠️ This Analysis will be updated ...
👤 Arman Shaban : @ArmanShabanTrading
📅 30.DEC.2021
⚠️(DYOR)
❤️ If you apperciate my work , Please like and comment , It Keeps me motivated to do better ❤️
CONTENTOS 12H TA : 12.30.21 : $COSAll supports and resistances are marked on the chart. As we can see, the price is in an important range and recommended to keep an eye on it ...
Follow our other analysis & Feel free to ask any questions you have, we are here to help.
⚠️ This Analysis will be updated ...
👤 Arman Shaban : @ArmanShabanTrading
📅 30.DEC.2021
⚠️(DYOR)
❤️ If you apperciate my work , Please like and comment , It Keeps me motivated to do better ❤️