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Cosmostether

ATOM.USDT (Y20.P4.E1).waiting for the pullback rally to endHi All, As per the chart, the crypto market cap is looking bearish even though we are having this rally. It seems while the US dollar (DXY) is dropping and the stocks are going up (SP500), crypto total market cap is not doing anything. This can obviously change quickly but listening to some more experienced traders, they are looking at Bitcoin and the ALTs are going to do a deeper correction. NOTE: Gold is dropping and silver, with a bounce today \ currently now. The question is how much will GOLD\SILVER bounce and pull crypto with it. For now, I have Cosmos \ ATOM playing this path out. If it goes above the threshold I have at 6.42, then I will revisit my thoughts by looking across a number of items, that is SP500\GOLD\Bitcoin. Thanks and please give me a tick or like for this post. Cheers, S.SAri DAILY chart, still bullish or upward pressure
Long
by ssari
ATOMUSDT formed BAT | A good long opportunityPriceline of Cosmos (ATOM) has formed bullish BAT pattern and entered in potential reversal zone. This PRZ area should be used as stop loss in case of complete candle stick closes below this zone. Lets have a look on the move of price action to see how perfect this pattern is driven: After initial leg (X to A) the A to B leg is retraced between 0.382 to 0.50 Fibonacci (here I have ignored very minor difference) and then B to C leg is projected between 0.382 to 0.886 of A to B Fibonacci projection area and last leg (C to D) is retraced between 0.786 to 0.886 Fibonacci and now the price action is moving in potential reversal zone of this bullish BAT and now we can expect bullish divergence at any time which will lead the priceline between 0.382 to 0.786 Fibonacci projection of A to D leg , but if after this bullish divergence the candles sticks will be closed above the 0.786 Fibonacci projection area of A to D leg then it can also lead to the long term bullish move. As per Fibonacci sequence method we can set our targets as below: Buy between: $4.073 to $4.034 Sell between: $4.166 to $4.306 So this very short term 4hr chart is giving a good long opportunity for day traders. Regards, Atif Akbar (moon333) The harmonic moves analysis involves hours of hard work and determination however the success of harmonic trading in fiat and cryptocurrencies is around 80% therefore it is always important that you follow any stop loss strategy while trading harmonic patterns I have also shared a stop loss idea in this article, the information in this article is for educational purpose only this is not an investment advice, I have tried my best to catch the harmonic moves as per predefined classical harmonic BAT pattern if you find any flaw or you have any suggestion feel free to share with me in comments section.
Long
by moon333
COSMOS (ATOM) Mid-term Support & Resistance zonesHi, ATOM community! Today I’m going to analyze mid-term trading set up for Cosmos. We should consider 3 keypoints moments here: 1) Price action near Support Zone 1 shows us little divergence between price and RSI chart. We can see that bears haven’t met much buy power pushing price to support 1 2) Price locked in 3.5$ - 4.2$ zone. I’m expecting sideways until any good news appear to break Resistance 2 3) In the case of positive news/social sentiment, the price could reach Resistance 3 pretty fast For me, interesting entry points would be 3.4$ or after breaking 4.2$ resistance (which will become support zone eventually) If you are seasoned scalper, you can try to trade above-mentioned range. Your comments are appreciated. Thanks for reading
by Dr_Bull_Green
ATOM USDT If you look globally, the trend is still upward. But on the daytime TF. We formed a bear diver and the trading volume fell quite badly, which is not good. At the moment We are approaching the previous trade and the trend. From the level of $ 6.45 you can take a long with a stop under the barn, $ 6277. The goal will be $ 7 - $ 7.25 But if there is no rebound on volumes from this level, then We will go to $ 6. From this level, it will be possible to take a long rebound, but it will be very short, because We will break the level of $ 6.3 and form a PP in short. And that will be a long will be from $ 6 to $ 6.3, it is only 5%. After We form the PP in shorts, stop will be around $ 4.6-4.8 here and watch global long. The chart below shows possible scenarios:
by IgorPorokh
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