ATOM - the Wedge is BROKEN 😧🤯Atom, like all altcoins, has corrected strongly after Bitcoin's fall. Locally on the chart, you can see how the price broke the wedge pattern. Now the price has returned, tested the wedge as resistance and the volume has increased, which is a signal that the fall will continue. If bitcoin continues to fall, Atom is 90% likely to reach the area marked below.
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P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
Cosmos
$ATOM/USDT 3h (Binance Futures) Rising wedge breakdown & retestCosmos broke bearish locally and is likely to make new lows revisiting broken descending TL.
Current Price= 12.607
Sell Entry = 12.560 - 12.990
Take Profit= 11.668 | 10.406 | 9.593
Stop Loss= 13.785
Risk/Reward= 1:1.1 | 1:2.35 | 1:3.15
Expected Profit= +17.34% | +37.08% | +49.82%
Possible Loss= -15.82%
Fib. Retracement= 0.382 | 0.618 | 0.786
Margin Leverage= 2x
Estimated Gain-time= 10 days
Pair of likely trading zones for Cosmos(ATOM)Good Afternoon,
This one is for all you traders out there. Cosmos & their native ATOM token are ready for Liftoff!!! Entering the beginning of July we have the big news of the Gravity DEX going public any day now. This is being hyped up to be a major player in the DEX market moving forward, living along side Uniswap, Pancakeswap & Sundaeswap (still to come as well). The public release of Gravity DEX will bring more value & utility to the ATOM token, which has already seen large scale usage as a staking coin. Further information can be found here
blog.cosmos.network
Moving away from the Macros & into the charts, there's a lot to take in here. First we see a clear falling wedge along side upward price action on the daily chart since June 22nd's basement value of 7.83 USD. These are both objectively Bullish signs & I see the local low of 7.83 acting as a solid support line moving forward. The white line is the all time high. The blue line is the 20 week moving average; I've chosen to show this line as I believe it is the "true" support line for this currency, but we'll come back to that.
The two boxes; the orange is the current trade zone & the green is the long term trade zone. The orange box is where any short term traders (or those readers who are Bearish on ATOM & want to short it) can be reasonably confident in at least modest profits. I don't expect or desire to stay in this orange box for long, it's the green box we want & the green box is where I personally will take some profits. The green box is the old trading zone from Feb-May with consistent ping pong action in a 4 dollar price range. That price range swings around the incredibly comfortable 20 dollar average. A return to these healthy trading grounds seems to be on the Horizon. The psychologically comfortable level of 18-22 dollars is where I think ATOM will bottom out in the coming Bear market of 22'-23'. So in the medium term, 20USD should serve as a solid "return to mean" point for day traders to swing around.
The MACD & Volume are included for confirmation of Bullish indicators. The MACD is clearly pointing up & has been for a solid week. Also, we see the 2 lines moving further apart which could indicate a big upwards spike. The volume on staking coins can be difficult to gauge because of the nature of staking coins. The coins don't move in high volume unless there is big price action. The chicken or the egg (price action or the volume) debate is fun but for staking coins, I firmly believe volume follows price.
Back to the 20 week moving average; it's right at the bottom of my upcoming green box, and as we approach the green box, the 20 week average will inevitably creep closer to the 20 dollar comfort mean. I believe the 20 week moving average is a strong, long term indicator in any cryptocurrency that has at least 21 weeks of price action & ATOM is no exception. This line will serve as my primary Bull Market indicator once it has been crossed with a closed daily candle. It will also serve as a resistance/support line in the coming months.
One interesting thing that popped out at me while I was typing this & tweaking the final draft was the blow off top pattern has been broken. Traditionally, a blow off top candle indicates a local top & is a big sell sign. On this chart alone we see blow off tops on 3/18, 4/15, 5/7, 6/3, 6/17 & 6/29. Every single one of those is followed by a red candle 1-2 days later, except the 6/29 blow off top, we almost stay sideways. I would take this as a very Bullish sign as the classic sell signal, failed.
In conclusion, ATOM seems to be setting itself up to be the top dog in the Staking Coin Arena. Bullish signs in the short, medium & long term all seem apparent. It's upward price action is attractive to Hodlers, while the likely 20 dollar trade line with 10% swings is very sexy for traders too. With the expanding ecosystem of Cosmos highlighted by the release of the Gravity DEX, ATOM stands ready to be the center of several Venn Diagrams.
🆓Cosmos (ATOM) July-4 #ATOM $ATOMATOM is trying to conquer the $12 zone and I think it will succeed and move up to the $16 zone in the next few days. If it fails at this $12 zone it will fall to $10 or even $7, but $10 is a very potential zone.
📈BUY
🔴Buy : 11.7-12.3$ if A. SL if B
📉SELL
🔴Sell : 15.6-16.4$. SL if A
♻️BACK-UP
🔵Sell : 11.7-12.3$ if B. SL if A
🔵Buy : 9.75-10.25$. SL if B
🔵Buy : 6.8-7.2$. SL if B
❓Details
🕯Timeframe : 1 Day
📈Red Arrow : Main Direction as BUY and SELL section
📉Blue Arrow : Back-Up Direction as BACK-UP section
🟩Green zone : Support zone as BUY section
🟥Red zone : Resistance zone as SELL section
🅰️A : The Close price of candlestick is Above the zone
🅱️B : The Close price of candlestick is Below the zone
Cosmos (ATOM) - July 3Hello?
Welcome, traders.
By "following", you can always get new information quickly.
Please also click "Like".
Have a good day.
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(ATOMUSD 1W Chart)
If the price holds above the 7.7772608-10.6181781 range, we expect the uptrend to continue.
(1D chart)
If the price is maintained in the range of 9.4214661-13.3224300, it is expected to turn into an uptrend.
If it goes down, you should see support at the 7.4709843-9.4214661 zone.
If it falls from the 7.4709843 point, it is likely to enter the mid- to long-term investment area, so you need to trade carefully.
-------------------------------------
(ATOMBTC 1W chart)
If the price holds above the 35610 Satoshi point, it is expected to continue the upward trend.
(1D chart)
If the price is maintained in the 32760 satoshi-38820 satoshi range, it is expected to turn into an uptrend.
In particular, it is important to gain support above the 35610 Satoshi point.
If it falls from the 31520 Satoshi point, it is highly likely to enter the mid- to long-term investment area, so careful trading is required.
You need to make sure you get support in the 23680 Satoshi-26710 Satoshi section.
------------------------------------------
We recommend that you trade with your average unit price.
This is because, if the price is below your average unit price, whether it is in an uptrend or in a downtrend, there is a high possibility that you will not be able to get a big profit due to the psychological burden.
The center of all trading starts with the average unit price at which you start trading.
If you ignore this, you may be trading in the wrong direction.
Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, ultimately allowing the funds corresponding to the profits to regenerate themselves.
------------------------------------------------------------ -----------------------------------------------------
** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume.
However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator.
** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line)
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** See support, resistance, and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
Explanation of abbreviations displayed in the chart
R: A point or section of resistance that requires a response to preserve profits.
S-L: Stop Loss point or section
S: A point or section where you can buy to make a profit as a support point or section.
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry through split trading.
GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they are not traded 24 hours a day.
G1 : Closing price when closed
G2: Opening price
(Example) Gap (G1-G2)
COSMOS is printing double bottom (W) pattern.Waiting for signal.ATOM's price is forming W pattern. One of the rule of W pattern is to bounce from central point as you can see on our chart. If this pattern is confirmed and bounce will come we can take a long.
But it has to be confirmed by Price action on lower time frime. We are monitoring this Price action signals with our members.
Cosmos ATOM/USDT current setup. Price action strategy baby!!!On the ATOM / USDT chart we can see how the price responds beautifully to Pivot point R1 daily and also Pivot point P weekly.
After breaking the daily trend line, the price rises, but we are close to Fibonacci level 0.382, where the price will certainly respond.
At the moment, I prefer the price drop to the current trend line.
On a lower time frame, we have a nice opportunity to enter. Therefore, it is important to do Multi time frame analysis. In my case D1-H1-M15.
Happy trading.
DOT Best buy entry? ✔Hello Traders. I hope you are having a wonderful day.
Today I want to share my thoughts on DOT. As you can see on 4H timeframe, DOT has a descending trend line which has touched it 3 times. So in my
opinion, the best strategy is the breakout strategy here. When the price breaks the line and makes a pullback to it, then you can enter with the SL
below the line.
TPs can be : 24.5 - 26 - 28.5
Cosmos (ATOM) - June 12Hello?
Welcome, traders.
If you "follow", you can always get new information quickly.
Please also click "Like".
Have a good day.
-------------------------------------
(ATOMUSD 1W Chart)
If it finds support in the 8.9843770-10.6181781 zone and moves up, I expect the uptrend to continue.
(1D chart)
We need to see if we can move up along the uptrend line.
If it goes down, you should check to see if it finds support at the 7.4709843-9.4214661 zone.
It needs to rise above the 13.8521963 point and find support to turn into an uptrend.
If the CCI line falls below -100 in the CCI-RC indicator, volatility may occur, so careful trading is required.
-------------------------------------
(ATOMBTC 1W chart)
We'll have to wait and see if we can cross the 0.0003152-0.0005440 section.
We need to see if we can find support at the 0.0003152-0.0003561 zone and move forward along the uptrend line.
If it rises above the 0.0005440 point, we expect a move to create a new wave.
(1D chart)
We'll have to wait and see if we can quickly climb above the 0.0003276 point.
It needs to rise above the 0.0003882 point to find support to turn into an uptrend.
If it goes down, you should check to see if it finds support at the 0.0002368-0.0002671 level.
------------------------------------------
We recommend that you trade with your average unit price.
This is because, if the price is below your average unit price, whether the price trend is in an uptrend or in a downtrend, there is a high probability that you will not be able to get a big profit due to psychological burden.
The center of all trading starts with the average unit price at which you start trading.
If you ignore this, you may be trading in the wrong direction.
Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, ultimately allowing the funds corresponding to the profits to regenerate themselves.
------------------------------------------------------------ -----------------------------------------------------
** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly as price and volume move.
However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator.
** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line)
** The OBV indicator was re-created by applying the formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** See support, resistance, and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
Explanation of abbreviations shown in charts
R: A point or section of resistance that requires a response to preserve profits.
S-L : Stop Loss point or section
S: A point or section where you can buy to make a profit as a support point or section.
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they are not traded 24 hours a day.
G1 : Closing price when closed
G2: Opening price
(Example) Gap (G1-G2)
ATOMEUR TrianglePossible formation of a symmetrical triangle.
For a reckless trader wait for the upside breakout of the triangle.
For a cautious trader wait for a retest or the break of the all time high (blue line).
In this case a Stop Loss would be just a bit below the EMA 50.
Target: let it run and move the SL to break even.
ATOM TrendATOM (COSMOS) has lost the uptrend and today is trying to regain it! But to return to the uptrend, it needs the targeted support of buyers. The situation in the coming days will strongly depend on how the price comes out of the red triangle. If it comes out from above, it is supported to break the bottom resistance of the uptrend and return to the good days. But otherwise, the situation may get worse!
Note: Do not forget to do your analysis before trading!
ATOMUSD : COIL / SWING / POSITION TRADEThe Internet of Blockchains.
Cosmos is an ever-expanding ecosystem of interconnected apps and services, built for a decentralized future.
The long-awaited vision of the Cosmos blockchain has now been realized, as holders of the ATOM (+9.69%) token have voted through inter-blockchain communication (IBC), enabling assets to transfer easily between blockchains.
The final vote to enable the feature was 112 million to 75, overwhelmingly in support of activation.
In the simplest terms, IBC enables messages to travel between blockchains that have implemented the standard. The most obvious use case in crypto is sending messages to transfer tokens off one chain and onto another.
SOURCE: www.coindesk.com
Cosmos (ATOM): Start of a BIG BANG for DeFi?? : youtu.be
SOURCE : COIN BUREAU, www.youtube.com
Cosmos (ATOM) - May 26Hello?
Dear traders, nice to meet you.
By "following" you can always get new information quickly.
Please also click "Like".
Have a good day.
-------------------------------------
(ATOMUSD 1W chart)
(1D chart)
We need to see if we can move sideways at 13.3224300-17.2233938.
In particular, we have to see if we can get off the downtrend line.
If it falls, we have to see if it can move sideways at 9.4214661-13.3224300.
In the big picture, the 9.4214661-17.2233938 section is a sideways section.
In order to turn to the uptrend, it needs to be supported in the 17.2233938-19.1738756 section.
--------------------------------------
(ATOMBTC 1W chart)
It shows a lot of volatility, but I think it's going sideways when it comes to big movements.
I think that it is still gathering strength.
I don't know when, but if it diverges, it is expected that great volatility will occur.
(1D chart)
We need to see if we can get support at the 3652 Satoshi spot and get off the downtrend line.
If it falls, we need to make sure we get support in the 3152 Satoshi-3276 Satoshi section.
In order to turn to the uptrend, support must be obtained from the 3882 Satoshi-4184 Satoshi section.
--------------------------------------
It is advisable to trade at your average unit price.
This is because if the price flows below your average unit price, which was on an uptrend or downtrend, there is a high possibility that you will not be able to earn a large profit due to the psychological burden.
The center of every trade starts with the average unit price you start trading.
If you ignore this, you may be trading in the wrong direction.
Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, so that the money that ultimately corresponds to the profit can regenerate the profit.
-------------------------------------------------- -------------------------------------------
** All indicators are lagging indicators.
So, it's important to be aware that the indicator moves accordingly with the movement of price and volume.
Just for the sake of convenience, we are talking upside down for interpretation of the indicators.
** The wRSI_SR indicator is an indicator created by adding settings and options from the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the conventional stochastic RSI indicator. (K, D line -> R, S line)
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator that oh92 disclosed. (Thank you for this.)
** Check support, resistance, and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All explanations are for reference only and do not guarantee profit or loss on investment.
Explanation of abbreviations displayed on the chart
R: A point or section of resistance that requires a response to preserve profits
S-L: Stop Loss point or section
S: A point or segment that can be bought for profit generation as a support point or segment
(Short-term Stop Loss can be said to be a point where profits and losses can be preserved or additionally entered through installment transactions. It is a short-term investment perspective.
GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they do not trade 24 hours a day.
G1: Closing price when closed
G2: Market price at the time of opening
(Example) Gap (G1-G2)
ATOMUSD Cosmos start to rise again.The advisor MarketMiracle generates an entry signal for ATOMUSD at price 22.91 USD with a target price of 25.66 with a potential profit of 11,99 %
Analyzing the graph this could actually come true in fact there are no particular obstacles in front of the price and the upward thrust identified by Miracle Viewer seems to become increasingly consistent, the goal is not so far.
This idea is based on a signal generated by the advisor Marketmiracle, scroll the page to find the link to the free page of the signals of the advisor that you can consult without any cost and without registration.
Cosmos Perpetual Futures 4H Chart: Bear/Bull ThesisBEAR:
Currently trading at bottom of ATH channel. We have a support band that has called buyers multiple times (showing candles with long wicks at the bottom resenting buyers showing up and rejecting support price). If candle closes below support band for first time within the channel, price might fill the gap down to previous channel. Further, price might find slight consolidation at new channel before continuing to next channel below, that has previously shown stronger balance between buyers and sellers
BULL:
If current bearish candle finds buyers support and closes above support band, while next candle closes above current candle, we might see the creation of a double bottom pattern that could bring price back to top or middle of current channel.