Cosmos
Cosmos setting up for a big move
Internet of blockchains
Catalysts
- Interchain staking (31 Dec '21)
- Staking derivatives
- Smart contract platform
- Gravity bridge ( $ETH Bridge)
230 apps built on
- AKash network
- Anchor protocol
-Ankr
-Binance smart chain
-Bluezelle
- Celer
-Kava
-Matic
-Terra
Market cap: $4.5Bn
No max supply (Forever inflationary)
TA,
Anchored VWAP + Volume profile
Consolidation and holding level
Ascending triangle
Entry: Breakout of $23.2 or bottom of Triangle $19.4
$ATOM - looks pretty ripe on a breakCurrently breaking the range derived from the 1D chart of the recent consolidation
We also have a pennant/a downward resistance trendline
Flips of these into support will be very positive
Also a flip of recent deviation high 23.2 would be bullish, and a good place to bid once passed
Not much wrong here, awesome project too is Cosmos Atom
Let's see how it and other alts perform while BTC should start to rip higher now
Generally it has meant alts have struggled so if you dont have exposure yet I wouldn't jump the gun
ATOMUSDT (COSMOS) - DAILY ANALYSIS ANALYSIS 🔎
- This is an analysis on ATOMUSDT based on the possible price actions in the coming days.
- ATOMUSDT recently hit an ATH.
- The market has been consolidating in a symmetrical triangle pattern.
- A relatively big move is imminent.
- We could see more upside or a correction
POSSIBLE PRICE ACTIONS AND CONDITIONS
- Uptrend : breakout above the symmetrical triangle's inclined resistance.
- Downtrend : breakdown below the symmetrical triangle's inclined support.
TARGETS 🎯
- Uptrend : ATH (all-time high) resistance, fibonacci extension levels.
- Downtrend : Horizontal support level (S1) , Key fibonacci retracement zone (0.5 - 0.618 - 0.786).
ATOM/BTC 4H. Looking good & still long! Update...We had some nice upwards momentum recently but we have retraced. We now have a perfect confluence of re - tests to support, trend line & breakout. Providing the ascending trend line holds and we get above the 180EMA then ATOM is again looking very good. However, if it should break the trend line then the Fibonacci retracement levels & the levels of support become targets.
I stake ATOM but also trade a small account.
Cosmos (ATOM) - April 7Hello?
Dear traders, nice to meet you.
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Have a nice day.
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We have to see if we can get support at 21.0895640 and rise above 23.8645157.
If it falls, you need to touch the downtrend line and see if it can rise.
If you decline at 18.9068216, you need a short stop loss.
The next volatility period is around April 13th.
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(ATOMBTC 1D chart)
It remains to be seen if it can rise above the 3882 Satoshi point along the uptrend line.
3276 If you fall at Satoshi, you need Stop Loss to preserve profit and loss.
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** 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)
ATOM Showing Great Strength and Poised to go higher!This is the token of COSMOS, ATOM, but paired against the BTC (ATOMBTC). The stock is showing great strength and held multiple strong supports: getting stronger each time as we can see from the two parallel lines. Another key metric to take is that EMAs did not do Dead Cross (Bigger EMA crossing above Smaller EMA - opposite of Gold Cross), which is a healthy sign! I think if we could breakout the horizontal trendline (resistance line) then this could get going. We could see another shakeout moves (similar to what's going on now or the past 12 hours). I'm long ATOMBTC and letting this play out patiently and nicely. You must know your exit, timeframe and the whole strategy. I'd advise that when Dead Cross occurs or it break downs major support lines; this is the sign of warning and perhaps running away. GL!
COSMOS - ATOM ABOUT TO INCREASE TO SIGNAL TREND 23-25 usd!Hello friends,
Depending on new update on Cosmos, it looks we will have a new increase trend between 23-25 as first target.
ETN Data shows an increase trend.
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Cosmos breakout leading to slow buy powerful move up. Cosmos recently broke out of the triagle to the upside. It has been strong and continued movement upward by BTC or stagnation should push this higher. It broke out of the triangle with gusto and is holding about the .318 fib. Target is the green box over the next month or so.
Entry above .382 fib. Invalidated with a 4 hour close back inside the triagle.