ATOMUSD trade ideas
$ATOM to enter price discoverygm
There's not much to say, the CRYPTOCAP:ATOM ecosystem is going to be the center of attention in the next months and we're about to enter price discovery. If you haven't entered earlier, now isn't too late. This is a very solid project with great fundamentals.
If the overall crypto market continues to be bullish $200+ is absolutely within range. We did 4X in less than 6 months and the trend seems to accelerate.
Keep it lo iq. Only invest what you can afford to lose.
ATOM, there is a high probability of a new high.The following content is machine translation:
A pullback was blocked near the previous high.
Support lows keep rising.
From the point of view of this rising wave, it can be seen as 5 waves.
It is currently in a 5-wave uptrend.
Wave 5 will surpass wave 3 to break new highs.
The indicator macd rejects the Sicha trend.
Waiting for new highs.
ATOM Basing under ATHATOM looks like its building out the right side of its base just underneath the ATH. This has been one of the 2021 laggard L1s that I think will play catchup do very well this year. Would like to see a bit more consolidation on declining volume as selling pressure dries up and gets absorbed.
Currently, $9bn market cap w/100% supply circulating
Market cap of some comps:
SOL - $47bn, 5x higher
LUNA - $30bn, 3x higher
DOT - $25bn, 2.5x higher
AVAX - $22bn, 2.25x higher
Pivot Yearly predictions for Atom using hidden pivotsThis is a very basic but powerful trading idea published as part of my Crypto market analysis for 2022.
It demonstrates the earning potential, predicted by Traditional Yearly Pivots.
On top of that, it uses my Hidden Pivots Indicator that is plotting additional levels of pivots from the R6-R10 and Support Pivots (If calculation allows it, as in many cases it won't) from S6-S10.
The Indicator plots automatically on each time frame.
You can have a look at it here:
And a deeper explanation of it here:
medium.com
In the case of $ATOMUSD, you can see the four scenarios on the chart:
1.Likely in case of bear year - Downside to the S1.
2. Likely in case of bull year - Upside to the R1.
3. Likely on as very bullish cycle - Upside to the R5.
4. Likely on a bananas rocket to the moon year - Upside R10 and beyond.
For the whole long read and analysis on the pivot side of the crypto market 2022, see here:
rotzeod.medium.com
Atom - Pull back to the .618?Good Morning,
ATOM just tested its recent peak and came up just short... good news, that lower high is likely a continuation pattern... we just need to recharge the RSI before we can leap onto the next level!
Here is how that might look, based on a recent similar movement.
If you find this post interesting, follow me, and ill post updates to it periodically.
If you find my homework confusing... definitely follow me... it will start to make sense the more you see it.
Good Luck, God Speed, love and Light!
Atom channel tradingOf all the altcoins Atom is currently the only one that doesnt trade at the bottom of its channel. I would enter a short AFTER it forms the double top on the daily and confirms it with a daily red candle close bellow the sky blue line. BUT dont take this line too seriously its just a line it might get retested so entry on retest is the safest option. For risk takers just go for it when it closes bellow sky blue on the daily and hold this short open for a few weeks its a swing trade so just chill. Stop loss should be the top of the last daily candle. I know its a large loss if it triggers.. but the risk reward is in a good ratio.
COSMOS setting up for a new high with AOTSI don't know what fundamental news about ATOM but it is setting up for a new rally.
anybody who knows pls comment.
Long correction near its end & It has to break 38.33 resistance soon.
recent AOTS (Alingment of the stars, moving averages correctly sequenced)
makes upcoming rally a big probability.
ATOM Short - Entered at 37.7ATOM is a solid project and has risen quite a lot lately, opposite to BTC. Whilst normally I would attribute it to being a solid move, I believe this is simply money moving from BTC into ATOM and not a true breakout pump.
If ATOM continues it's down trend and fails to break out, this could prove a quality short opportunity.
Entry Point for COSMOS Short?Not Financial Advice. :)
Looking at this as an entry point for a COSMOS short. If the Stochastic RSI and moving average cross. After the good news about COSMOS and the recent upgrades. I am thinking of a bounce off the 0.618 FIB ($35.00). Though the double top is a bearish signal. A short would be a higher risk. If we lose support or go below the 0.618 FIB then I think we can consider this a new resistance point. What are your thoughts?