ATOM entry positionPlease feel free to share your view on this pair down below in the comment section. I'm more than happy to be challenged and have an interaction on this idea.
Also make sure to leave a like as it helps me out a lot!
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- Blue zone = heavy support
- Above 21 EMA
- MACD histogram is green = bullish in the past
- MACD curling up
Only real resistance is at 5300, after that we have no more levels until we reach 7300.
ATOMBTC trade ideas
ATOMBTC is looking bearish on the short time frameBINANCE:ATOMBTC A head and shoulder setup is formed, the pair seems to be targeting the rising trend line at 0.000472
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This is only my own view and not a financial advice, do your own analysis before buying or selling
Happy Trading!
ATOM/BTC Ready for +50%?Hello all, welcome back to another trade analysis!
Today we are looking at ATOM/BTC on the daily timeframe on Binance. As we can see on the chart, after a nice rally, this coin has been retracing for the past month.
An ABC correction wave can be seen on the chart and prices fell below the 200 EMA at one point but this coin has printed a higher low. The coin is now trading above the 50, 100, and 200 EMAs again, which is a bullish signal. Additionally, the MACD shows a bullish cross just a few days ago, and the RSI is rising steadily. There was also good volume coming in on this coin, and after a small selloff, prices seem to have caught support above the 100 EMA (blue).
This coin can grow a lot, rapidly, and I am bullish on it. My current entry is around 4600 satoshis. The 4600 - 5400 satoshi range could be a potential entry for a long position. A key resistance is at the 0.382 Fib retracement level, around 5200 satoshis.
Keep your eyes on this pair, as a breakout past this 5200 satoshi level could lead to a massive rally (prices can go up just as fast as they fell down a few weeks ago).
Leave your own thoughts comments down below. Leave a like if you enjoyed the post, and follow me for more ideas if you liked this one. Thanks for reading, happy trading!
Price at writing: 5009 satoshis.
Cosmos (ATOM) Hidden Bullish DivergenceAre you aware of the "hidden bullish divergence" signal?
Here is how it works.
We have the ATOMBTC pair producing higher lows.
The indicator, in this case the MACD, is producing lower lows... We call this hidden bullish divergence and is a signal in favor of the bulls.
Prices are also bouncing at the 0.786 fib. retracement level, which is a strong support and also the same level ATOMBTC reversed on the first peak, meaning that prices can easily move up here.
In case prices drop, you can see the red and second green arrow on the chart.
I hope you find this information useful.
Namaste.
ATOM/BITCOIN FOR SOME QUICK CASH — 100DAYS OF TA, DAY 78Time Frame: Daily, 4Hour, and Hourly
Hi guys,
Welcome back! Day 78 of the 100 Days of TA is here! Today's spotlight is on COSMOS (ATOMBTC). I talked about the next direction of COSMOS and the whys. I showed some high probability setups here, what usually happens and what would happen.
Have fun watching today's video! If you think there's something I should add or maybe there's any coin you have your eyes on? You can drop in the comment section.
Always remember that this is Technical Analysis and it's a game of probabilities.
Thanks for coming today!
See you tomorrow!