ATOMUSD trade ideas
Cosmos (ATOM) - April 7Hello?
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We have to see if we can get support at 21.0895640 and rise above 23.8645157.
If it falls, you need to touch the downtrend line and see if it can rise.
If you decline at 18.9068216, you need a short stop loss.
The next volatility period is around April 13th.
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(ATOMBTC 1D chart)
It remains to be seen if it can rise above the 3882 Satoshi point along the uptrend line.
3276 If you fall at Satoshi, you need Stop Loss to preserve profit and loss.
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** All indicators are lagging indicators.
So, it's important to be aware that the indicator moves accordingly with the movement of price and volume.
Just for the sake of convenience, we are talking upside down for interpretation of the indicators.
** The wRSI_SR indicator is an indicator created by adding settings and options from the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the conventional stochastic RSI indicator. (K, D line -> R, S line)
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator that oh92 disclosed. (Thank you for this.)
** Check support, resistance, and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All explanations are for reference only and do not guarantee profit or loss on investment.
Explanation of abbreviations displayed on the chart
R: A point or section of resistance that requires a response to preserve profits
S-L: Stop Loss point or section
S: A point or segment that can be bought for profit generation as a support point or segment
(Short-term Stop Loss can be said to be a point where profits and losses can be preserved or additionally entered through installment transactions. It is a short-term investment perspective.)
GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they do not trade 24 hours a day.
G1: Closing price when closed
G2: Market price at the time of opening
(Example) Gap (G1-G2)
ATOM to the Moon ;)Atom Looks very promising attempting breakout from the triangle. We might see tomorrow a nice strong move up and a new massive impulse up for another week to come. Certainly worth observing. Golden cross from Ichimoku and Up Kumo are showing North direction too.
ATOM: Has its time finally come?NOT FINANCIAL ADVICE.
From what I see, all indicators scream buy, especially when considering upcoming announcements. Looking to breakout and continue according to parabola nicely up to approx. $40-50 in short term, $100 plus by EOY i think (purely opinion based, DYOR)
If we fall I think we'll return sub-$20 with some speed, so be careful. Last line of support $16.33. Seeing struggles to get past $21-22 but, as the phrase goes, time is on our side.
uptrendAssuming the correction of the fourth wave has over ;
it will be bullish in the medium term and will see that targets
stopless should be observed
ATOM Bull Flag Nearing BreakoutATOM could repeat its pattern circled in green after a 70% move. Same W formation at that level and then broke out to do 300%... That was after a long basing period and cup w/ handle breakout though... Here is is a flag, in the scope of a larger ETH bull breakout, if BTC can continue and confirm. ATOM stands to do well it would seem...
ATOM - $51.33ATOM is in a very good accumulation and compression phase. It has been able to hold the support at $17.75 and is trying to break the resistance at $21.17. If it can break this resistance, that would be a good entry point for ATOM with a stop loss below the support of $17.75 (wait for candle closure). Entry points: $21.17 to $17.75.
Flipping $21.17 to support could lead to a move towards $25.72, $28.16, $30.61, $34.09, $38.52 and $51.33.
ATOM is currently trading at $19.13 with a market cap of $4,531,760,062. Its 24 hour trading volume was $776,425,418.
COSMOS Levels Im watchingI'd like to build a position in the green box, derisk/take profits in the red box, and repeat until successful s/r flip of $20. Might be too late, could be ready to break out of this range at any time, but a range is a range until it isn't anymore.
Atomusd not much holding it backIf Atom can break upwards there is not much resistance up to $26. It has already came down and bounced off the $18.36 level. Next key point after break out would be $22.12 and then up to $26. If we do break down $17 would be the next support. Good luck happy trades this is not trading advice
