ATOM/BTC hot cup and handle reversal patternBINANCE:ATOMBTC this coin has some potential reversal pattern forming. Waiting for breakout and retest. Target is 50% gain and 20% drawback. Don't forget to like and share with your friends.
ATOMBTC trade ideas
Cosmos; Temporary weakness or reversal ?ATOMBTC / Cosmos is testing 1.618 Trend based Fib Extension, and daily candlestick looks like a 'Hanging Man' Candlestick Pattern,( Bearish Reversal),
but the day is not over , so we can not comment this candlestick.
We can also see potential RSI Bearish Divergence.
If this market is bullish, the price should reach 0.000566 .
Watch the market.
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Cosmos (ATOM): The Next HurdleOur favorite altcoin Cosmos (ATOM) is now in an uptrend. The last time we suggested taking some profits and buying a dip, there was no dip, and ATOM just took off.
ATOM is once again moving into a resistance zone that might make us think it's overbought. There is substantial resistance at 5151. That level was the point of a prior breakdown in July and major reaction lows in May and June.
Bottom Line: If Cosmos can break through 5151, a rally back to the highs is possible. If you're long, leave it. If you're not long, wait until a breakout above 5151 and then buy a dip from there.
$ATOM, Crossed over ~47k sats resistance level...$ATOM
Crossed over ~47k sats resistance level after BTC (potential) bottom
Waiting to see interaction with this level for a R/S flip as an entry for a position with 1st target at ~51k (11%)
Volume increasing & UCTS starting to show buy signals across multiple TFs
#ATOM
Cosmos ATOM
It is located above the upward trend line and is near the 0.0004725 branch, which is a diverging point between rising and falling.
If it falls, it is likely to touch the upward trend line and the 0.0004000 point.
However, even 20MA could fall.
It is supported at 2.944, a point that must be kept to climb.
The BTC's movement could break the 2.944 spot.
You should check if you can ascend to 3.415, a safe point.
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Due to the plunge in BTC, the chart on the BTC market is very different from the USDT and USD charts.
In this case, I think you should trade with reference to BTC market.
As it is located in a good spot, if the price of BTC is calm, it is expected to rise further (0.0007055).
ATOM BTC Entering daily demandAtom has been playing out perfectly as per our prediction during the past month and hit the bearish orderblock as predicted which caused a rejection.
Breakdown from market structure and a failed retest from below, brought a recent retracement to the price. We expect it to hit the demand zone block soon, where we find a good opportunity to long it before the next spike up!
Enjoy!
Cosmos (ATOM): The Test for the Alt UniverseCosmos (ATOM) is one of the favorite fundamental plays for the Token Metrics team. Cosmos was the first alt to break the pattern of pumping on a bear market rally and then failing. When Cosmos (ATOM) went up, it consolidated and then went higher in a stair step fashion.
Next comes the big test for Cosmos (ATOM). Specifically, we want to see if Cosmos (ATOM) can hold a big technical point after a sharp dip both in ATOM and the overall market.
Cosmos (ATOM) has made a return move to its "previous 4th" level. The previous 4th is Elliot Wave jargon for the point where the final leg of the bear market started. Following wave theory, the fact that Cosmos (ATOM) burst through this level is very bullish. We would love to see if Cosmos (ATOM) finds support at this level to confirm what the theory tells us.
We also noticed that 4230 is the location of a high volume zone and the 21-day moving average. Both of these zones can act as support.
Bottom Line : We like buying the dip in Cosmos (ATOM) at these levels. Risk reward is good for traders near 4230. We hope that Bitcoin (BTC) stabilizes and that allows alts to continue their up move.
ATOM/BTC trade idea (Bullish)Hello everyone, today I'm sharing with you my ATOM/BTC idea.
First of all, I'm quite bullish on Cosmos on the long term.
According to me its fundamentals are strong, but for now let's stick to my short-term idea:
- ATOM/BTC is ranging inside an ascending channel (bearish pattern)
- We can expect a retracement in the coming days.
- This retracement should be a nice entry;here's why:
* Fibonacci 61.8
* quite a big liquidity zone
Good probability to bounce from here.
Entry ~ 4055 - 3820
TP 5040
SL 3190
A very simple setup
Have a nice day!
LONG - ATOM - Trading OpportunityAfter a fail to break the previous high, a rapid fall opened the opportunity for a bullish divergence to form, but after ATOM's incredible run so far, it's kind of hard to buy at these levels.
We're going to use a tight stop on this one, because if this decides to go south, it's gonna fall a long way from where we are. Take this trade with caution.
Entry: 0.00047
Target 1: 0.00051
Target 2: 0.00055
Target 3: 0.00064
SL: 0.0004574
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$ATOM approaching interesting buy zoneBINANCE:ATOMBTC Approaching interesting buy zone
A interesting buy zone setting up on ATOM/BTC on Binance.
40K - 41.5K Should be a nice support zone for a long entry, supported by the 99MA and 200EMA.
$ATOM, Retesting ~46k sats after the cross 2 days ago$ATOM
Retesting ~46k sats after the cross 2 days ago
Hodling this level is key in order aim for higher targets
If lost then it should go back to ~40k sats so manage your bags accordingly
UCTS sell signals on LFTs but this could be just for the retest, HTF still on buy
#ATOM
Cosmos (ATOM)' is about to breakout to 6000 sats!cosmos is about to breakout to 6000 sats.
we see a big trend at exchange hotbit. depens on chart study and the effect it have since a week, i expect it will go up, breakout after 5000 sats.
Cosmos is the interenet of blockchains/
another short I'm takingHere's another altcoin that I will be taking a short position on Delta Exchange as of right now.. we have some overextension and it's looking like a correction is due it's not really healthy to continue being extended past a sequential 9. This one has been defying the laws of gravity for a little while here so just be aware it could just get real crazy and keep pumping, I def wouldn't enter a leveraged long here just me risk reward ratio is better short in my opinion I just know if this does rip down it will be very fast and potentially very profitable if shorting on leverage. Just be safe and happy trading.
