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ATOMUSD trade ideas

Cosmos - Is it Really Different? Or Is It Headed Back to $8?Cosmos (ATOM) seems to be one of the only cryptocurrencies STILL in an uptrend. Does this mean it's "special"? While I think it's fair to expect some sort of relief rally for the market eventually, I think it's fairly likely ATOM will break down from its uptrend as well, and end up at least back at $20. If it follows what many other coins are doing, it should also head towards $8, which is near Summer lows. This is a pretty significant decline from current prices. Recently, I've heard buzz of people raking in gains through airdrops on Cosmos. It seems a bit euphoric, so I wouldn't be surprised to see this thing tank. The sell volume on the weekly is extremely high. In the short term, if the market gets a relief bounce, ATOM can recover towards the $31-32 area and retest the 9 week EMA as resistance (orange on the above chart). Let's see what happens! Maybe Cosmos can prove me wrong and hit the top of the long term ascending wedge, making a new all-time high this year. This is meant for speculation and entertainment only, not as financial advice. -Victor Cobra
COINBASE:ATOMUSDShort
by VictorCobra
10
A bullish Ascending Triangle for ATOM?A little take on ATOM. Weekly got Charted here. It seems that ATOM could be moving within an Ascending Triangle. An Ascending Triangle is a "Bullish" continuation pattern, so this means if Price comes in, in an Uptrend there's a higher probability that it will break higher and vice versa. I did use the Heikin Ashi candle in this chart, since it gives you a clearer view on the current "Trend". Presently, it seems that the current Downtrend is weakening and that there's a Chance of a reversal, the MACD also do start to "Confirm" that. Also, the Fibonacci Golden Pocket got retested again, we have seen a beautiful bounce of that. Coming back to the Ascending Triangle, of course a breakout can occur way earlier than shown here, but usually price moves withing the pattern until the apex is reached. In that case, ATOM could range between 30-40$ for Weeks to come now until breaking higher. After a Breakout, preferably there's going to be a retest and a Bounce of the upper Trend line that got broken. Measured Target would be at 59.70$ KEEP IN MIND: The World is in a Volatile situation, so this always can turn to the opposite. If you like my Content, hit the 👍 and/or comment and make sure to follow. This Analysis is not intended to be investment advice. Always DYOR.
COINBASE:ATOMUSDLong
by blauersamt
2