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ATOMUSD trade ideas

ATOM | SOARS All The Way up to +$12?As some of you might already seen, ATOM has gained +10% as of me writing this. I believe it is still very good time to hop on board. on. In the picture we see an inverse head and shoulders pattern and confirmed breakout through the resistance, continuing the journey. Now the purple area will act as a strong support if the price comes back to retest. I would like to see ATOM rise to the $12 mark and beyond reaching $50+ in the coming months. I am a new trader and THIS IS NOT financial advise , everyone make sure to think through before you enter any trade. I did with this one and fun will be fun to watch how this unfolds. Comments and constructive criticism are warmly welcome! GOOD LUCK TRADERS AND ENJOY SUMMER!
BINANCE:ATOMUSDLong
by Crack_Daddy
ATOMUSDT | ATOMIC MISSION TO +$12!As some of you might already seen, ATOM has gained +10% as of me writing this. I believe it is still very good time to hop on board. on. In the picture we see an inverse head and shoulders pattern and confirmed breakout to the upside. I am a newbie trader and tend to read posts, not actually write ones. This IS NOT financial advise, everyone make sure to think through before you enter any trade. I did with this one and fun will be fun to watch how this unfolds. Comments and constructive criticism are warmly welcome! GOOD LUCK TRADERS AND ENJOY SUMMER!
BINANCE:ATOMUSDLong
by Crack_Daddy
ATOMUSD ❕ small correctionATOM exited the descending channel and at the same time returned to the ascending channel. Trading volumes show interest in price growth. The asset is above liquidity. Locally, volatility has declined. The price broke through the upside of the 100MA (4H TF). Main MAs are bullish (1H TF) Price is in the overbought zone of the BB indicator (4H TF) TD Sequential has formed a reversal signal downwards (1H TF) Price and RSI show bearish divergence (30m TF) ATOM now has a good chance to go up, but from the current state we can expect a correction to follow, so I am considering a short if it fixes under the support level.
COINBASE:ATOMUSDShort
by Solldy
6
A Couple Alts For The Road Back in February, I wrote about why I thought ATOM could be headed back to $8. Since then, price declined by roughly 75% into a level where I've considered picking up some. Here is the original analysis: Here is my more recent post from May, showing why I speculated that alts would get completely annihilated. I'll admit, I did a bit of gloating. Getting out when I did saved me a huge amount in losses (in terms of unrealized gains). Although my hunch turned out to be correct, it doesn't mean I will continue to be right. In fact, the current market situation is quite challenging. No one "has the answer." A good investor will take all the information available to them and develop a plan that fits their own unique risk tolerance, and a strategy that will work whether they are "right" or "wrong." Anyway, why Cosmos? I think crypto projects are just a load of fluff, so I'm basically just gambling on these two to have a bit of hype resurgence. Sometimes the most hyped projects have the largest bounces, even if they ultimately fade to lower levels. I remember there being a lot of hype around all the airdrops on Cosmos, as well as some general positive sentiment. I still think ATOM could head down to $4 or lower. ALGO (on the right) is supposedly carbon negative, which I think has a lot of pull in the crypto space. I also still own some XLM and Nano, with XLM being my largest remaining crypto position. I'm buying coins that are usable, green, and developer-friendly. I do not expect them to appreciate drastically in value, so this is more of an experiment. There is serious risk with buying and holding altcoins for the long term, since they are almost guaranteed to perform poorly against Bitcoin. Even ETH failed to make a new ATH on its Bitcoin ratio. What does that say about ETH "competitors" like ALGO and ATOM? Or maybe....if ETH falters, something will take its place. It's very hard to figure out what would. Then it becomes a rabbit hole of trying to logically justify sustained long term price appreciation for any cryptocurrency. Just take a look at Bitcoin dominance. This could spell trouble for alts down the road. But it's also a promising sign - a new bull market does not begin with alts, it begins with Bitcoin. Anyone around in December 2020 when dominance was 70% will affirm this. Regardless, let's see if the market gan give some green over the coming weeks. Some bullish targets are shown in green on the above charts, while bearish targets are shown in red. I've decided to start with these two coins for now, and may double the positions should they drop lower. If alts decline by another 50% or more, even ETH will probably have a tough time recovering for years, so this is of course a speculative gamble and not meant as financial advice! This is just to show that although I'm skeptical of the crypto space, I still think there are opportunities to ride waves, as long as one doesn't remain entrenched in any particular way of thinking. -Victor Cobra
BINANCE:ATOMUSDLong
by VictorCobra
4