Cosmos
#ATOM to $71.11 | #COSMOS #ATOMUSDHello Padawans,
I see a risk here as well, is it a bearish divergent or a bullish divergent?
But ATOM has a huge capitalisation, low total supply, and huge bullish fundamentals.
In my point of view, ATOM has to deserve something more than this.
Let's see what will happen,
Cheers,
May the force be with you.
$LUNA/USDT 1h (Binance Fut.) Descending trendline break & retestterra.money is recovering pretty fast and seems to be forming a bullish flag, continuation is likely after a last dip.
At first it was only a DeFi token, now Terra has its own Ecosystem and is also part of Solana and Cosmos ones.
Current Price= 29.499
Buy Entry = 29.161 - 28.117
Take Profit= 31.473 | 34.318 | 37.732
Stop Loss= 26.363
Risk/Reward= 1:1.25 | 1:2.5 | 1:4
Expected Profit= +19.80% | +39.66% | +63.50%
Possible Loss= -15.90%
Fib. Retracement= 0.786 | 0.947 | 1.272
Margin Leverage= 2x
Estimated Gain-time= 5 days
ATOM attracting BULLS 🐃Hi everyone,
wish y'all have a profitable lifestyle 🍀
📌 ATOM/USDT LOOKS BULLISH
📍As you may already know I have great passion for E-Wave and combining it with other trading material and strategies as ichi-moku and price action.
📍 From E-wave point of view, I see many confirmation for another bullish cycle, however exactly at this price zone, which is also on the middle-line of the pitchfork, we may have a 5 wave 0.23 Fibbo level.
⚠️ So, I give this currency a time till 04.Spetember so it may react to my ichi-moku time zone. If, ATOM/USDT has started to have a sharp downfall, I will be looking for several more confirmation, but if it has a slight correction I will look forward to enter.
📍 What is looking super delicious is the 3rd E-wave which has a long way to go.
⚠️ However. like any other strategies in the market the E-wave can also be failed either, so we cannot completely rely on it. With breaking the previous levels (which I do not personally think about that ) the whole analysis needs a further update
THIS IS NOT A FINANCIAL ADVICE
PLEASE MAKE DECISIONS BASED ON YOUR OWN AND DO NOT TRADE OR MAKE ANY LONG AND OR SELL POSITION CONSIDERING ONLY MY ANALYSIS
ATOM approaching critical resistanceat final boss levels on both USD and BTC pairings. Might have a little more juice in the tank but expecting this to come down soon. That said, it's L1 season which could mean price discovery soon. Probably better to play this cautiously though and wait for a clean break and SR flip of the purple line.
Cosmos - The sleeping ATOM bombATOMUSDT had a very nice pullback back to the previous ATHs and has now reclaimed a key support level. Support turned into resistance and back into support. When Cosmos launched it had a nice big correction vs USD & BTC which was needed as the project launched with a huge ROI as it was at least 2 years in the making while many other projects launched much sooner. That meant there was a lot of potential selling pressure, but now that seems to be gone.
Not only that, but ATOMBTC is looking like a huge accumulation and ATOM is one of the few high profile and important projects out there that haven't had a big pump yet. In my opinion that time is coming or is already here.
Initially I'd expect it to find some resistance near its ATHs and then slowly break them and go significantly higher.
Update For ATOM/USDT Analysis
WELCOME TO ANOTHER UPDATE FOR COSMOS
The Internet of Blockchains.
Cosmos is an ever-expanding ecosystem of interconnected apps and services, built for a decentralized future.
👉 Although According to previous analysis for , ATOM/USD (below) ; All targets were hit.(like a sniper 🎯🎯🎯)
(TARGET 4) max gain ✅ 587% 💰💰💰💰💰
But I'm still very bullish on atom, yet I can see new target for it.
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✅TECHNICAL ANALYSIS
As you can see in the weekly time frame for ATOM/USDT, the price is trading around 19.5 $ .
At first glance at the cosmos chart; Take me to remember the analyze of BNB/USDT chart on Nov 29, 2020, before its explosive growth.
Although the situation is different now than it was then, there is no stronge reason why it should not happen exactly the same way, but technically and fundamentally it allows us to hope for it with risk management and a longer-term perspective.
With the formation of higher highs and higher lows, the atom/usdt is in compression, and can explode.
Recently after growing by about 100% in the last 2 weeks, it reacts to local resistance and can
Correct to near first green support at $ 16 or even lower supports.
But if it rise, if it could be able to reach above $ 22 again and stabilize and close above it for a few weeks, it can reach its targets Respectively.
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💥(Anyway, my constant suggestion to my dear community is to buy step by step ( in a few steps) , With considering risk management , Because this crazy market is very volatile , and you have never seen in any other markets .)
💫(also Following security measures is vital in cryptocurrency trading. Always remember that $100 worth of a token may become a fortune someday. So treat every penny with respect.)
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👉This analysis is my personal opinion and you are responsible for your own trades or invests.💯
🙏with Best Regards and successful trades❤️
💜 if you like my analysis, give a big thumbs 👍 and drop a comment
Atom gonna hit hard to the resistance levelAtom currently trading at 22.20. Grab this beast for atleast 5% Profit till to its previoous high ( resitance zone) marked in the chart. also the atr based indicator gonna flash buy signal and most importantly the price is above the 200 ema and rsi is avobe the 50 level. Grab it with low risk.
Stoploss : not required!