ATOMBTC trade ideas
ATOM/BTC 1D (Binance) Descending channel, falling wedge breakoutTA: Cosmos is facing mid-line channel support and just broke out a falling wedge on lower time-frame.
FA: ATOM is a staking coin with high APR (+8% at least) and fundamentals are quite positive (Cosmos Hub 2.0).
Current Price= 0.0002730
Buy Entry= 0.0002694 - 0.0002500
Take Profit= 0.0003198 | 0.0003598 | 0.0004245
Stop Loss= 0.0001996
Risk/Reward= 1:1 | 1:67 | 1:2.74
Expected Profit= 23.14% | 38.54% | 63.46%
Possible Loss= -23.14%
Fib. Retracement= 0.236 | 0.382 | 0.618
Margin Leverage= 1x | 3x | 5x
Estimated Gain-time= 1080h
Cosmos Bullish Divergence, Next 90% Target MappedCosmos (ATOMBTC) is bouncing off a new low while showing strong bullish divergence with the MACD.
We can notice prices closing lower while the MACD is closing higher, this is normally followed by prices increasing in value.
Now we can see ATOMBTC moving above 0.0003024 or EMA50, which is strongly bullish.
If prices can stay above this level, we can see additional growth.
The next targets are marked on the chart.
Namaste.
#ATOM/BTC 30% POTENTIAL PROFITHello guys welcome to this setup.
ATOM is at the verge of a breakout,
If it could break that 3k resistance which is a month long resistance level. We haven't seen much move in ATOM yet.
ENTRY: Trade the breakout
All information regarding Targets are given in the chart.
Please observe.
Hit the like button and share your opinion in the comment section.
#PEACE
Where to Anchor AVWAPTradingView added a new drawing tool to charts. Anchored VWAP. It is an indicator/drawing, which works similarly to volume-weighted moving averages except its starting point does not move.
How to use it?
Here is an interesting chart of Cosmos. If you choose significantly visible highs and lows as a starting point, the idea is that the price will react to VWAP measured from there. Arrow markers reveal the locations on chart when this was true.
Another option is to anchor VWAP to important event announcements. It must be highest-impact events. You will see, that it works there in a very similar fashion if used properly.
Personally, I was eagerly anticipating when they finally add it. And it happened, so happy charting!
ATOM/BTCRemember ATOM ? This is a really hyped coin at the time but with real fundamentals which many projects are built up on such as BAND, Binance Chain,..
This has been suffering since months and actually sitting on the pivotal support zone. ATOM has been forming a massive descending triangle from the top and the current price is hitting the lower side of the triangle. I expect a bounce here and start buying my long term bag.
On the lower timeframe, we also see a hidden bullish divergence on the 4hr.
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ATOM/BTC 2 Bar Bullish Reversal Weekly Overview : Cosmos/ Bitcoin - 2 Bar Bullish Reversal
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