ATOMUSD.P trade ideas
ATOM USDA 4hr pattern to digest and look at still remains bullish in my eyes, but it needs to test a new low. Could be either the bottom of the yellow triangles. Bounce up from either we are bullish. I would do a short here. at around $30-25
ATOM - Long Term Strategy - Entry Now
ATOM chart updated to reflect last night's flash crash. Ascending channel more wide.
Cosmos is recovering a bit faster than other alts. At the time of this posting, it has recovered +25% from bottom wick while many are still in double digit red.
Support/Resistance should be at these levels: 20.2, 21.5, 22.7, 24.2.
Break and 2H candle close above 24.2 should allow price action to make another attempt at ATH. I'd love to see it hit 30 or 40 by early March.
As said in previous ATOM chart, these are great levels for entries.
Lower price target of $18.5 for ATOMHaving broken down previous support lines my revised forecast for the bottom for ATOM is around $18.50.
ATOMUSD - EW analysis - Up move ATOMUSDT - The 4th wave correction is in progress and may end near 18-16 zone before it resume the up trend for final cycle up as 5th of 3rd in 4 hr time frame.
Give thumbs up if you really like the trade idea/analysis.
ATOM/USD Potential Short-Term ScenarioATOM/USD looks ready to make another attempt at breaking $10 sometime this week. Convincing bounce off 20 MA, bullish divergence on OBV, price appears to be moving in a tight channel. $ATOM needs to turn $9 into support prior to retesting $10.
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.
ATOM - TRADING BELOW THE 50 EMAUPT ( U pside P rice T arget): $23.88, $26.68. $28.30, $28.30 up to $29.92
DPT ( D ownside P rice T arget): $20.74, $19.66 down to $19.33
Upper boarder of yellow ascending parallel channel may also act as support.
RSI and MACD have Bearish Divergences.
More power to all your trades, my friends!
Have a great week!
Ron
Intrepid_Trader
ATOM/USD Coinebase short term prediction Greetings, this is my prediction for ATOM/USD short term prediction, this is my own tech analyze "not a financial advice" please do your own research dont forget to like and follow, thank you and happy weekend
ATOM - Ascending ChannelAssuming trend continues for COINBASE:ATOMUSD .
Great entry before next push to the upside. Possible +65% return on hold.
* Below 200 MA on the 1H time frame; great entry price!
* Above 200 MA on the 2H chart for support.
* Above 120 MA on the 2H chart for support.
* Trading inside ascending channel since beginning of Feb 2021.
* After hitting next target high, may crash as low as $25.29. Labeled on chart.
* Measured Support/Resistance at:
- 21.82
- 22.86
- 23.59
- 24.32
- 25.23
I'm still very bullish on ATOM. It didn't get a strong push to the upside after Stargate upgrade as expected but the possibility is still there. When comparing market cap to BINANCE:DOTUSD , I believe ATOM is still very undervalued. This is one to watch out for and now may be our last chance for entries below $22. It' does not pump and dump like the other alt coins. The slow and steady growth is great for long term. The consistent price action inside ascending channel is undeniable.
Good luck trading!
My noob analysis for ATOMShould follow trend line and test ATH soon...MACD looks like it about to cross upwards, looking bullish.
I know nothing, don't listen to me.
