ATOMUSD trade ideas
ATOMUSDT 1D Interval ReviewHello everyone, welcome to the ATOMUSDT 1D chart review.
Using the white line we will mark the trend line, as you can see the price is trying to break through the indicated trend, when it did it did not test it and quickly reversed. Currently, we can determine the local downtrend line with which the price is fighting.
As for setting support, we will explore it with Fib Retracement, the first support is at $8.05, when it is broken the next support is at the last low at $5.56.
Looking the other way, we have a lot of room for growth, however, the zone from $ 12.83 to $ 17.16 is significant, only when the price goes above this zone, and then positively tests it and establishes a new support, we will see an open road towards the price of $ 22.40, and then $ 31.26 .
At the moment, the volume is insignificant, the energy has been used for the last correction, the MACD begins to indicate the entry into a local uptrend, while the RSI after touching the lower limit begins to slowly increase.
ATOM. Bear market test.For the second time in half a year, and for the fourth time in its history, ATOM is testing the lower of the global ascending channel. ATOM tests being in RSI oversold zone and with falling volumes against increasing lows. It is extremely controversial to be an ATOM holder at the moment.
PRICE ACTION H1: Low of two weeks back have been swept in Sunday Asia session, leaving LTF (m15) RSI bullish divergence.
m15 Bullish CHoCH follows
Seeking fvg entry on +OB (wick) ONLY with m5 CHoCH
Daily also seeking bullish CHoCH with Daily +OB just below setup.
Target: run of nearest m15 swing high having m15 gap immediately above it.
Stop Loss: low of the candle creating fvg/closest potential m15/m5 swing low
Cosmos: Ready to Rumble3, 2, 1 - Go! Although Cosmos is currently facing a downwards slope, we're expecting the trend to exceed the resistance at $21.54 to move further North. If Cosmos crossed the support line at $5.54, though, it would activate our secondary scenario, which would indicate a detour in the turquoise zone between $5.27 and $0, before turning back up to continue the upwards trend.
Cosmos PredictionCosmos is a great Blockchain and Hub with revolutionary technique.
IBC , Cosmos Hub, Tendermint consensus, Cosmos SDK and much more.
Cosmos will be a big competetor to Ethereum with a growing network and great Token and Chains like Band Protocol , Injective etc.
Macroeconomic Recession and Crypto bankruptcies are partly the reason and trigger for this correction.
The Market sentiment is changing and the FED maybe lowering the central bank rate increase.
Furthermore everything is already partly included in the price.
Short timeframe Prediction: +-
Long timeframe Prediction: really bullish and maximalist
Lets go to the MOOOOOON!
ATOM USDT Short ๐Hello TradingView community ๐ and my followers, please if you like the ideas, don't forget to support them with likes and comments, thank you very much and here we go.
Today I want to talk to you about the ATOM chart.
At the moment price break the triangle.
Then, I think ATOM breaks continue to move down to my goal.
My target is located at charts level.
I expect this scenario.
This is my opinion, I really hope it will be useful for you.
Be prepared and save your money. Make big profits!
ATOM USDT LONG Hello TradingView community and my followers, please if you like the ideas, don't forget to support them with likes and comments, thank you very much and here we go.
Today I want to talk to you about the ATOM chart.
At the moment price break the triangle.
Then, I think ATOM breaks continue to move down to my goal.
My target is located at charts level.
I expect this scenario.
This is my opinion, I really hope it will be useful for you.
Be prepared and save your money. Make big profits!
Atom did the most over the weekend(from nov 5) "totally not an expert here, but +~40% in a 2 week period is a red hot run. feel like its time for a retracement to some support for more fuel upward. yellow line is one i've been abiding by for the last few weeks, drawn up based on past supports and averaging their area. that is acting as my bull scenario. ghost bars are a skewed mirror of the last 3 months and act as downward trajectory with a large buy target of around 10.6 usd if the market decides to dump.
sales were laddered with targets in the 14.75-15.80 range with 16usd as the max i'm willing to be greedy. entry was around 11.75
honestly wouldnt be upset or surprised if atom took a turn in the short term and lost around 15-20% since these past few months has been a boom time since the low of around 6 bucks."
updating that idea, it seems my broad path (yellow) was generous in the time it would take for targets to be met since there is some misalignment. i was banking on the moving average cross to fuel a rise to the 16 dollar area before rejection. i still have a buy anticipating retracement to the mid-high 13.xx area, having sold 2/3 of my position around 15.50. expecting a mid week fall to my short term target area. meltdown target is still the big buy box in the 10 dollar area, but that is a position on my weekly timeframe views.
im short term short, mid term long, long term long with caution