ATOMUSD trade ideas
$ATOM bearish trend turning to bullish trendThere’s been a series of higher highs and higher lows indicating a reversal from the previous downtrend. As well as a series of Higher lows in the RSI, signifying building strength. Looks like it could head to $40 again in the short-term.
First post all draw, written, you name it on my iPad so let me know what you think if it turned out okay.
The uptrend ATOM and its community are in is just beautified artbullish on ATOM indefinitely and IBC as a whole.
lets say we have a ecosystem war.... atom is the one that creates the peace between worlds
im not going into a deep dive in price and where i think its going, im just letting everyone know don't let ATOM sneak up on you
CRO and ATOM also everything related to ATOM, LUNA and the bunch
PLEASE CHECK THIS OUT, BOUGHT ATOM LOWI wanted to make a chart here showing my trade of ATOM. I do not have a lot of money so I am slowly waiting for the right moments to by crypto to sell off at 10-30% gain. In this idea, I was working like normal and spotted a drastic drop in bitcoin. Per the usual, all the altcoins followed in a quick dip. I wait and watched to see if this looked long term or shot term. Once i spotted recovery in btc I immediately bought ATOM. If all goes well here i should see a 20-30 % gain and then cash out and wait for my next opportunity.
I am new to this so please keep in mind I may have gotten lucky. Would love any feedback!
Here we see a great opportunity, reinforced by fundamentalsATOM is one of the greatest coins in the crypto space which did not move too much when compared with DOT or SOL.
When an asymmetrical opportunity arises I'm here to catch it :)
With the constant rise of Cosmos DeFi and many features coming to the Cosmos Hub (Interchain Accounts, Shared security, Gravity bridge, Bitcoin on Cosmos, and many more bridges to all the ecosystems) ATOM is guaranteed to perform amazingly.
One more metric used for the final 5th wave is the $ value of the ecosystem compared to Polkadot ecosystem.
Polkadot -> $85B
Cosmos -> 150B
making ATOM more valuable that DOT for 70-80%.
COSMOS (ATOM) for a move up to $80 before year end!Cosmos (ATOM)
We truly believe that this blockchain project offers something special and much needed to the fast growing and evolving blockchain space.
You see, Cosmos is an ever-expanding ecosystem of interconnected apps and services, built for a decentralized future aimed at serving as the Internet of Blockchains.
In other words, Cosmos is an ecosystem of blockchains that can scale and interoperate with each other. Why is that important you might ask? Well, before Cosmos, blockchains were siloed and unable to communicate with each other. This led to a serious fragmentation across different protocols, layers etc. which is generally not efficient in terms of capitalizing on the huge growth that this space offers. Furthermore, the first blockchains were hard to build and could only handle a small amount of transactions per second. Cosmos on the other hand solves these problems with a new technical vision. In a nutshell, Cosmos bills itself as a project that solves some of the “hardest problems” facing the blockchain industry. It aims to offer an antidote to “slow, expensive, unscalable and environmentally harmful” proof-of-work protocols, like those used by Bitcoin , by offering an ecosystem of connected blockchains.
The project’s other goals include making blockchain technology less complex and difficult for developers thanks to a modular framework that demystifies decentralized apps.
From a technical perspective, we’ve seen the price quadrupling in the period August – September as it moved from the $9 per coin level all the way up to $43 per coin in just few weeks. We saw a major and pretty much expected profit taking interest among ATOM investors around the $40 level, which resulted in a 33% correction starting in late September and extending throughout the month of October. The price fell and tested the key psychological support level at $30 per coin, which also coincided perfectly with the 50-day EMA (yellow line) as well as with the diagonal uptrend support line (blue line). Buyers have started to come back to ATOM as we are seeing the price forming a strongly bullish technical set up on the daily chart , called an ascending triangle . The neckline of the figure currently sits at $44 per coin, and we expect to see an upward break of that level in the next 3-5 trading sessions. Once ATOM breaks through the resistance there we expect the price to quickly climb towards the $70-80 level. Our analysis shows that ATOM has the potential of moving well above the $80 level before the end of the year. We have recently added to our LONG ATOM positions at around $37 per coin and plan on collecting profits in the $70-80 range. From a risk-management standpoint we’ve also placed our Stop Loss at $27.5 in case of a major price breakdown.
Price rears to $38.4 as the bears lift restrictionsThe Cosmos price analysis shows that the bulls are trying to recover once again. The price has been rising and is planning to breach past the $38.4 resistance. The recent uptrend has been quite encouraging, as, during the past week, the cryptocurrency remained under the bearish shadow completely. The bullish momentum is increasing gradually, and a further improvement in the price value can be expected.
ATOM Getting Ready for a Run-Up Recently ATOM had a modest breakout as you can see in the chart. It broke out of its descending triangle structure. After that I did run up to around 43ish, stopping short at a resistance level of its previous highs at around 44.
Now, in the chart you can also see that moving averages have been acting as support and resistance. For instance, the 20 day MA (yellow line) as a resistance before the aforementioned breakout. The price was touching the line and got rejected. However, recently the 20 and 50 day MA have both acted as a support level for the price.
From that, I consider ATOM to still be in a bullish momentum phase. With this recent correction I used the opportunity to increase my position. I suspect a larger run-up quite soon.
This is only my opinion, not financial advice. Have a good day, trade with caution!
PS. I would like to hear your opinion on this in the comments
ATOMUSD D2: DISTRIBUTION / 40% correction(SL/TP)(NEW)Why get subbed to me on Tradingview?
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ATOMUSD D2: DISTRIBUTION / 40% correction(SL/TP)(NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
NOT a setup to SHORT ATOMUSD. Just showing
signs of weakness and recommend to stay out
of this market into the pullback.
🔸 Summary and potential trade setup
::: ATOMUSD 2daily chart review
::: not a great looking chart
::: hit top / resistance of the bullish channel
::: also noteworthy divergence
::: price/ RSI div very clear on D1/H8 TF
::: distribution price fractal
::: re-test of bullish TL (yellow)
::: expecting correction/pullback mode
::: pullback required to attract
::: new buyers from the lows
::: 30-40% pullback possible next
::: 2-4 weeks in Q4 2021
::: right now limited upside
::: positions traders should wait for
::: better entry prices later after
::: correction MODE up next
::: be careful don't get caught up in this
::: also overextended right now
::: BULLS remain on sidelines and
::: be ready to BUY LOW later
::: recommended strategy: SHORT SELL RIPS/RALLIED
::: TP BEARS is +40% gains
::: BULLS stay out until correction is over
::: SWING TRADE: SHORT/HOLD IT
::: correction run not over yet
::: good luck traders!
::: BUY and get paid. period.
🔸 Supply/Demand Zones
::: N/A
::: N/A
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment mid-term: BEARS/CORRECTION
::: Sentiment short-term: BEARS/CORRECTION
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