ATOM is walking very promisingly in the dailyTechnical analysis regarding the price of COSMOS in relation of dollar Tether for the next scenarios, based on daily movement.
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*** In accordance with CVM Instruction No. 598, of May 3, 2018, Art. 21, I declare that the recommendations of this analysis reflect solely and exclusively my personal opinions and perceptions and that they were prepared independently and autonomously. Not being considered a purchase and/or sale recommendation. ***
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Cosmosusdt
ATOM at an interesting level- Broke through trendline on good volume
- Entered a resistance zone, currently turning support
- MACD curling away
I would set a Stop Loss below the trendline and the if we turn this zone into support, we could easily see it run towards the most previous high without much resistance.
How do you feel about Cosmos at the moment?
$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
[40%] ATOM / USDTWhat Is Cosmos (ATOM) ?
In a nutshell, Cosmos bills itself as a project that solves some of the “hardest problems” facing the blockchain industry. It aims to offer an antidote to “slow, expensive, unscalable and environmentally harmful” proof-of-work protocols, like those used by Bitcoin, by offering an ecosystem of connected blockchains.
The project’s other goals include making blockchain technology less complex and difficult for developers thanks to a modular framework that demystifies decentralized apps. Last but not least, an Interblockchain Communication protocol makes it easier for blockchain networks to communicate with each other — preventing fragmentation in the industry.
Cosmos’ origins can be dated back to 2014, when Tendermint, a core contributor to the network, was founded. In 2016, a white paper for Cosmos was published — and a token sale was held the following year. ATOM tokens are earned through a hybrid proof-of-stake algorithm, and they help to keep the Cosmos Hub, the project’s flagship blockchain, secure. This cryptocurrency also has a role in the network’s governance.
$ATOM - bullish FA and TA = percentageFA:
The project’s other goals include making blockchain technology less complex and difficult for developers thanks to a modular framework that demystifies decentralized apps. Last but not least, an Interblockchain Communication protocol makes it easier for blockchain networks to communicate with each other — preventing fragmentation in the industry.
A major concern for some in the crypto industry centers on the levels of fragmentation seen in blockchain networks. There are hundreds in existence, but very few of them can communicate with each other. Cosmos aims to turn this on its head by making this possible.
Cosmos is described as “Blockchain 3.0” — and as we mentioned earlier, a big goal is ensuring that its infrastructure is straightforward to use. To this end, the Cosmos software development kit focuses on modularity. This allows a network to be easily built using chunks of code that already exist. Long-term, it’s hoped that complex applications will be straightforward to construct as a result.
TA:
Bullish breakoutof a 43% correction phase from wick to wick
In from bids on that bottom blue zone, looking to scale more in on the retest of the blue line after a rejection from 0.618/0.65 fib
Targets of the 1.0 fib initially then higher levels depending on market strength as of course the play does depends on BTC!
Cosmos ATOM Prepare For SellOffThe crypto market is living its last bubble days.
The prices do not reflect any fundamentals.
Cryptos are pure retail investments gambling at this point.
Cosmos ATOM Market Cap $4,549,314,695
vs
Biggest German Bank, Deutsche Bank 23.864B Market Cap
Moderna - saves the world from Covid-19 - 69.146B Market Cap
Ebay - Market Cap 42.174B
FORD - 42.174B MARKET CAP
When you buy stocks of a company you own a part of it, you have the right to vote changes in the company and you receive dividends.
When you buy crypto you own nothing! You buy thinking that at some point another person will be willing to pay more than you on that piece of nothing.
If you want to own the BUY and SELL indicator in the chart, that can prevent you from the big crypto selloff, just leave me a message for a 7 day trial.
Cosmos projection for mid-MarchPrice in-between the Chiko span and Kumo, lots of room to move. N calculation from Feb 4th shows projected highs upwards of $38. Looks like we aren't following Kihon Suchi, but maybe a Taito Suchi pattern (12/24 pattern). 4 and 5 on the Elliot Wave are speculative, but would follow the pattern. It looks like there is a lot of room to move on this one!
As Always, thoughts and ideas are always welcome!
This information is not trading advice, only my personal opinion on potential market movements, and is for educational purposes only.
💡 Don't miss the great buy opportunity in ATOM/USDTTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (10.0). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. COSMOS/USDT ATOM/USDT is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 70.
Take Profits:
TP1= @ 12.70
TP2= @ 13.75
TP3= @ 15.70
TP4= @ 17.85
TP5= @ 20.25
SL= Break below S2
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💡 Don't miss the great buy opportunity in ATOM/USDTTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (10.0). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. COSMOS/USDT ATOM/USDT is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 70.
Take Profits:
TP1= @ 12.70
TP2= @ 13.75
TP3= @ 15.70
TP4= @ 17.85
TP5= @ 20.25
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex trader ?
Now, It's your turn !
Be sure to leave a comment let us know how do you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
Atom headed for the CosmosParachains, sidechains, ETH competitors - ATOM is headed higher. Crashed ~60% off the highs, establishing a beautiful accumulation zone with nearly all green volume in the range representing strong hands picking up what weak hands put down. OBV also at ATHs, further evidence of strong accumulation. This is one of the cleanest ranges I've seen in crypto in a while. I'm a buyer on a breakout and close above $6.30 on strong volume, scaling in some position now. 4th time brushing up against resistance is the charm? Targeting $8.50 then $12. Happy trading!