ATOMUSD trade ideas
ATOM/USD the grind up continues?I have been observing the price action in Atom and have drawn a conclusion that the trajectory is back up to $22.5-$23.20 at least. The price moved down to $17 and has recovered its losses thus far. Moving onwards I have brought in at $20.300 targeting another load up at $19.200 if we move down to that. Iam trading this at 50x right now.
This is not financial advice, please consider your own Due Diligence and Risk Management.
ATOMUSD - EW analysis - triangle breakout ATOMUSDT - It just broke the triangle of 4th wave. Pump it with for new high as target as 5th wave thrust with stop level below 18.02. If price is not moving faster up then it may be a fake break out.
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ATOM Broke ResistanceNot trading advise, just playing and learning.
ATOM broke above the $20 level resistance and the one hour chart shows an upward pressure channel with higher highs and higher lows. This opens a potential decent swing trading between around $20 to $23, how low to buy or high to sell depends on risk appetite.
Please comment and let me know your thoughts and feedback.
Good luck.
ATOM dropping.1. Will most likely see a re-test of the $15.3 resistance/support level which I expect to break.
2. Next support to test is $12.7. If this support breaks expect a re-test of $10.5.
3. If the $10.5 support breaks I expect price to rattle around $8.5 to $10.5 before beginning next impulse wave.
My thoughts on Cosmos ATOM:
Total supply 260,906,513. APY for staking coins has fluctuated quiet a bit, could be related to the $10+ change fluctuation in price. Scalability and the recent Stargate upgrade are making some news. I will continue to hold a small amount long term.