Cosmos Markup Cosmos currently has an $8.2 Billion Market Cap as of 1/29/2022 as well as $994.2 million in volume within the past 24hrs.
ATOMUSD trade ideas
ATOM Cosmos: 1D Chart ReviewHello friends, today you can review the technical analysis idea on a 1D linear scale chart for Cosmos (ATOMUSD).
The chart is self-explanatory. Cosmos price is at the edge of an Arc Formation as well as around the 200D simple moving average. The RSI and MFI is at or near the support line. The last three daily candles look like Three Black Crows Pattern (bearish). Though price has potential to bounce back up, there is an upcoming red Ichimoku Cloud resistance as well as the overall crypto market downturn led by Bitcoin. If price falls below the 200 MA and outside the Arc Formation, expect a potential strong support at the multi-month support line.
Included in the chart: Trend line, Support and Resistance Lines, RSI, MFI (Money Flow Index), Ichimoku Cloud, 200 day simple moving average.
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Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis. Don't trade based on my advice. Do your own research! #cryptopickk
Another test of its Weekly Kijun$ATOM is another time testing its mid term support (Weekly Kijun), in this $28 area.
If this one breaks, we'll take a look at the lower support at $26.
A strong one is the area of $20, because we could see a test of the Weekly Lagging Span on its Weekly Kijun.
As a target, the 0.382 Fibo Extension is still the resistance to break.
And $54 is also a very good target that prices can easily hit if momentum come back !
Let's wait and see !
ATOM BULLISH??Ladies and gentlemen this has to be one of my favorite alt coins currently on the market and looking from a technical stay point things are looking very good for this gem.
There are some very key details we have to pay attention to so we can minimize our risk if things do not go our way
-Price needs to respect the pink trend line
-Price needs to create some sort of market structure on the other side of that trend line before buying.
-Having some sort of divergence indicating we are in fact bullish.
These are just a few things I will be looking out for. Follow for more.
ATOM, looking for retestATOM has been one of the strongest looking coins on the market during this downward trend we find ourselkves in atm.
ill be looking for a long once we break through that overhead resistance.
She has good volume and the rsi is ready to bounce.
Possible COSMOS Short?Not financial advice. :D Always trade with knowledge.
When the fast (K) stochastic RSI (Blue Line) crosses the slow (D) stochastic RSI (Orange Line), I believe this could be a short buy signal for COSMOS. When this occurs, you can check if COSMOS is bouncing off a Fib level or the DailyMMA50 and if the RSI has an uptrend. I am currently looking at a $32.50 price target (0.5 Fib) later today or tomorrow. Have a great day, everyone! What do you think?
Can Take off SoonAllow price to break above $37 to confirm strength to stay in. 1st target is $49 and then towards $60.
ATOM showed incredible resistance during this crashIt's currently a very bad idea to rely on charts to predict the bottom or guess which direction the market is going to take. Macro is driving everything: probable war in Ukraine, Fed rates... However, charts do tell a story.
Over a long time frame, crypto is super mega bullish, but in the next weeks/months, there is a high probability of BTC dropping further, taking out weak alts with them.
Many alts are going to lose 90% of their value.
ATOM isn't one of them. It showed extreme resistance and did even grow significantly while everything was crashing. This is because the ATOM ecosystem is growing and showing a lot of potential.
If you look at the EMA the trend is clear. I slightly adjusted the lines from my previous analysis.
You can either buy now, or wait for it to drop a bit (which it will probably do in the next weeks), and then HODL for months and enjoy great returns. If you own ATOM already selling now is IMHO a mistake.
DYOR.
Scalping ATOMFirst time posting here. Let's see if I'm predicting this right. I'm buying at 32 to sell on 36.
Scalping ATOM.First time posting here. Let's see if I'm predicting this right. I'm buying at 32 to sell on 36.
ATOM has now retested both resistances and is a shortATOM has now retested both resistances and is shortable. Try to get an entry closer to 40, but if bitcoin continues its plunge, this could really really go as low as 31.5 and last profit point for the 5x leverage short will be 27.
A "Bull" Run for ATOM?There are a few Signs that ATOM is set for a new Rally in the coming Weeks. Is a new ATH in sight? Maybe!
ATOM did a perfect and successful bounce on the Fib. Golden Pocket @ 0.65 / 20.90$. The Golden Pocket often turned out to be a significant Level of Support or Resistance. As seen here, it held support two times, with a strong bounce back on the second test.
The Heikin Ashi candles are set for a Trend reversal, if you take a look at the MACD which is also reversing, an Impulsive move is on the Edge.
Keep in Mind, that the Altcoins still are very correlated to Bitcoin, and Bitcoin itself to some major Indexes like the DJI or SPX. If these Markets start to Correct, most likely ATOM will do the same. An entry can be searched after the MACD crossed Bullish and the Heikin Ashi Candles still showing an Uptrend.
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This Analysis is not intended to be investment advice. Always DYOR.
It may be like Bitcoin and go downtrend #ATOM It may be like Bitcoin and go downtrend . what is your idea?
ATOM - Completing longest range cycle?Hello!
The recent moves seem to match the original moves, and would nicely complete the rising wedge in (orange) as suggested by this trace (blue) and it’s fit to the currently established support and resistance vectors outline here.
This blue trace is from the previous bearish movement, which is barely visible as we started at its bullish head position. .. . . Any how . .. . . It’s the best large time frame projection i see… There is also an option for exponential growth… will have to watch the indicators, and play cautiously!
Good Luck, God Speed, Love & Light!
1.20.22 ATOM SHORTATOM is up over 12% today. Hard stop at previous resistance. This should be a level where traders take profits.
3 - 1 trade and if we dump to back test the vpvr that will be a lot more than a 3 to 1.
BTC is showing signs of a possible pullback as well after breaking a local supply line.
Lots of bearish harmonics on atom lower time frames but there is no edge for seller exhaustion. Time will tell.
very tight stop loss very low leverage.
I painted a possible butterfly harmonic which would take us to retest the vpvr and then break all time highs. Stay tuned.
ATOM/USD Inverse head and shoulders patternPossible inverse head and shoulders in the making for atom/usd. We may have a little bit of downside if BTC has a wick down however, patience will be rewarding. Altcoin market dominance on a longer trend looks bullish for now. Need a push down in BTC dominance for the alts to rally. Lets see what the next few weeks and months brings. Stay positive and level headed. (not financial advice).
Still long on ATOMAn update on COINBASE:ATOMUSD - I'm still bullish (whatever that means), I would worry if we get deep below 30 USD. I think price discovery will start in the next weeks.
Everything is crabbing right now because the money printer stopped and we're switching to a zero sum game. It won't last IMHO as I expect institutional money to move in later this year. ATOM temporarily escaped the macro trend because it has extremely positive news on its own.
Stay lo iq. DYOR.
Cosmos shortCosmos broke trough the ascending trendline. Asset broke trough the support level. Decline to support level at 33 is expected to happen.
ATOM - Flat top Consolidation?I recall reading that throat top consolidation patterns have an increased likely hood to break out in the direction of the flat. . .. . Like its building up pressure under the resistance until it pops! I’m talking about the yellow triangle on this chart.
If that is true, the blue trace is scaled from a previous time when the price pressed up into a resistance level with a flat top wedge shape.
Per Eliot wave theory, we normally see a low level, mid level, and top level in any motive wave. In between each level, there should be a little pull back (at a level on a smaller time frame) between each of the bottom mid and top main levels. That observation also guides and correlates with this blue projection.
We can also see that we have entered into a harmonic pattern that has departed bullishly from the orange pattern that had been influencing us.
Depending on the success of this bullish effort, we will wait her continue our bullish departure, or have a larger gap to make up on the next bearish movement, since the support levels that the orange trace is dancing along are still significant for use… and quite a bit lower now. We have observed many times where an additional leap transforms into a continued bearish move similar to the forecast, as it crests over. Like the drummer played an extra enthusiastic note on this level.
If you are interested in following along as these moves play out… follow me… and ill post updates to this post throughout the week :)
Good Luck, God Speed, Love & Light!
Update: ATOM now at a very crucial pointATOM was rejected at 45 for the 6th time. Take some pofits if you bought at low of channel
so you can still buy at breakout of 45.
Be careful. watch Atom if it can still hold 40 & 37.
If not, it may be doing a Gartley pattern down to
30, the low of the big trading channel of 30 to 45.
ATOM arc bottom
ATOM arc bottom
it has been adjusted
It's about to start a new round of gains
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Another Rejection from Resistance or New ATHs Ahead??It's a tempting short position due to the risk to reward ratio. But Atom has tested this high three times already, will it fail a fourth?
