Long on Atom - Possible double-bottomWell, I wasn't even watching this coin for quite a while now but given its market structure I believe it's worth a shot to risk a long from current prices.
Took out the '22 lows and appears to be printing a nice double-bottom setup on daily timeframe: These setups are by far my favorite since they usually have a low chance of failing, defined risk-reward and obviously a decent ROI.
Target as shown in the chart, not interested in holding this coin longer than that.
Stay safe!
ATOMUSDT trade ideas
ATOM (Cosmos) Potential Reversal from Long-Term Downtrend#ATOM/USDT #Analysis
Description
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+ ATOM is currently trading near $5.05, slightly above the key support level of $4.46. The 21 EMA ($5.67) and 55 EMA ($9.00) are still above the current price, which may act as resistance levels if the price attempts to move higher. A successful break above these EMAs could further confirm the bullish reversal.
+ The chart highlights a strong support zone around $4.46
+ The RSI is currently at 32, indicating that ATOM is in the oversold territory and could be due for a bounce.
+ If ATOM holds above the $4.46 support level and breaks above the 21 EMA, we could see a rally towards the $14.65 resistance level. This would represent a significant potential gain of approximately 200% from the current price, making it a compelling setup for bullish traders.
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VectorAlgo Trade Details
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Entry Price: 4.464
Stop Loss: 3.128
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Target 1: 5.772
Target 2: 7.203
Target 3: 9.581
Target 4: 14.333
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Timeframe: 1W
Capital Risk: 1-2% of trading amount
Leverage: 5-10x
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Enhance, Trade, Grow
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Best Regards,
VectorAlgo
Cosmos (ATOM): Waiting For Break of ZoneCosmos has made another touch of EMAs, and yet again, we got a nice rejection.
As we see the dominance of sellers in the upper zones, we are now looking for our dotted zone (line) to be broken, which would result in a break of structure and a possible movement to the lower target zone here!
Swallow Team
ATOMUSDT Long Entry Opportunity✉️ Pair: ATOMUSDT
📈 Direction: Long
💯 Leverage: Cross 5x - 10x - 20x
📊 Entry1: 6.300 USD
📊 Entry2: 6.000 USD
📊 Entry3: 5.700 USD
✅ Target1: 7.200 USD
✅ Target2: 7.700 USD
✅ Target3: 8.800 USD
⛔️ Stop Loss: 5.500 USD
NASDAQ:ATOM has been trading within a descending channel on a daily timeframe, consistently respecting the trendlines. Recently, the price received a positive push from a successful retest of the channel's lower support. We anticipate a significant breakout, supported by the liquidity at $7.660, which could indicate a strong bullish move and a potential trend reversal.
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#ATOM/USDT#ATOM
The price is moving within a descending channel pattern on the 4-hour frame and broke it upwards after adhering to it significantly
We have a downtrend on the RSI indicator and it was broken upwards and we have a trend to stabilize above it
We have a major support level in green at a price of 5.90
We have a trend to dot above the moving average 100
Entry price 6.10
First target 6.52
Second target 6.87
Third target 7.32
ATOM Technical Analysis in a 3-Day TimeframeHello everyone, I’m Cryptorphic.
For the past seven years, I’ve been sharing insightful charts and analysis.
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Now, let’s dive into this chart analysis:
ATOM is currently holding a crucial support trendline at $5.727. It is important to see if ATOM can hold strong and reach higher levels, or if it will break down further.
The 21 EMA serves as the primary resistance for ATOM, and a close above it will likely allow the price to rally higher.
Key levels:
- Important Support/Entry: $5.727 to CMP
- Primary Resistance: $6.855
- Target: $13.62
- Invalidation Point: a close below the support trendline.
DYOR, NFA.
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Wait for best positionATOMUSDT Analysis 📊
Key Levels:
Resistance Level: $7.116 🔴
Support Level: $5.051 🟢
Entry Level: Around $6.270 to $6.318 🚀
Take Profit Points (TP):
TP-1: $6.550 🥇
TP-2: $6.851 🥈
TP-3: $7.082 🥉
Trend Analysis:
Bullish Movement (Pump):
The chart indicates the best entry point after breaking the resistance at $6.318 🚀.
In this case, there is a strong probability of a bullish move that could push the price to the specified targets 📈.
Entry and Exit Points:
Entry: When the confirmed candle is around $6. 📥
Exit: At target levels $6.550, $6.851, and $7.082 depending on risk tolerance and profit goals 📤.
Risk Management:
Stop Loss: Around $5.744 to $5.713 ❌.
Profit Target: Up to 17% 📈.
Recommendations:
Profit Expectation: If you aim for a 17% profit, wait for the price to reach $7.116 🤑.
Entry Condition: It’s best to enter after confirming the resistance break and closing the candle above $6.318 ✅.
Position Management: Always consider your risk-to-reward ratio and stick to confirmed signals 🔍.
This analysis is based on the provided information and chart. Always conduct your analysis and review your strategies 📚. Also, never forget risk management 🛡️.
ATOM: Understanding the Key Levels and Trends✨ Welcome to my channel. Here, we analyze a new crypto project or Forex pair every day.
📅 Let's dive into today's analysis, focusing on the ATOM coin in the crypto market.
🗂 About the Project: ATOM, or Cosmos, is a decentralized network aiming to facilitate interoperability between multiple blockchains. It is known for its unique consensus mechanism and ability to enable communication between different blockchain networks. Cosmos is particularly popular among DeFi and blockchain developers due to its scalability and modular architecture.
📅Weekly Timeframe
In this timeframe, ATOM has experienced significant movements. Recently, it saw an upward trend reaching a peak around the $44 level, which was a critical supply zone. Following this, the price entered a correction phase with lower volume, suggesting the strength of the previous upward trend. Currently, ATOM is at a support level of $6.51 after a correction phase.
📈 If ATOM stabilizes above $8.08, we can anticipate a bullish momentum potentially pushing the price towards the next resistance at $16.07. Confirmation of a new upward trend will depend on candle stability above this level.
📉 Conversely, if ATOM falls back into the range between $6.51 and $8.08, and stabilizes below $6.51, it indicates a bearish trend continuation. The next critical support level would be around $4.50.
📊 In both scenarios, volume analysis is crucial. A healthy trend should be supported by corresponding volume without any divergence.
📅Daily Timeframe
🔍 On the daily chart, ATOM ranged around the $8.07 level before initiating another downward wave. Currently, there is noticeable bearish momentum, and the price has found temporary support at $6.00.
🧲 Given the current setup, a stabilization below $6.00 could signal another bearish wave. On the flip side, if the price moves above $8.07, it could indicate the start of a bullish trend, targeting higher resistance levels.
📅4-Hour Timeframe
📈 In the 4-hour timeframe, ATOM has pulled back to the resistance at $6.56. Volume analysis shows a decrease, indicating potential exhaustion of the recent upward movement.
📉 For short positions, the key levels to watch are $6.56 and $7.03, where price reactions could provide better entry points. For long positions, critical levels are $5.77 and $5.20.
💥RSI Oscillator
The RSI is currently ranging between 31.20 and 36.56 on different timeframes. Breaking these levels could provide confirmation for opening positions. However, always use these levels in conjunction with candle patterns and volume analysis to find the best entry and exit points.
📉 Given the current bearish signals in the daily and 4-hour timeframes, alongside the potential trend change in the weekly timeframe, I am inclined to open a short position. However, this is based on my trading strategy. Each trader should base their decisions on their strategies and risk management plans.
⚠️ Please note that this is not financial advice. I'm simply introducing this project to you, and remember always to do your own research.
🫶 If you found this analysis helpful and want to support me, please boost this analysis. Feel free to leave a comment or suggest a coin you'd like me to analyze next.
Future forecast with fractal pattern detectionTake this as a representation of entire market structure
On the first pannel, you can see 4 boxes
The bigger ones A+B (green continuous period) are a perfect representation of the smaller ones A+B (green dotted period)
They are fractaly similar
So, we will take the small pattern period to reveal what will happen with the bigger period
And that is what we see on the 2nd pannel: the blue line on the 2nd chart is the exact pattern of the small period, but plotted over its bigger counterpart
Hold tight, because it will be a great ride!
Cosmos (ATOM): Looking For Break of Trend!Looking at Cosmos in smaller timeframe, we are looking at a smaller triangle formation where price is now testing that lower support zone, which may bounce or break this zone there.
We are looking for a repeat of history where each time the price touched that support, it also went to the liquidity zone as well.
So the game plan is simple here Now we wait for break of trend 😉
Swallow Team
What does Cosmos Hub ATOM price prepare for us ?We would diagnose #Cosmos Hub that the patient is more dead than alive.
Or maybe you can convince us otherwise?)
Therefore, this idea is more for those who have been holding NASDAQ:ATOM for a long time and are waiting for a miracle from it)
Because we would not buy this coin with our own money now.
🔽If you have been holding #ATOM for a long time, you need to be psychologically prepared for the fact that the price may drop to $4.
🔼And you can also hope that MM will repeat with the #ATOMUSDT pair what it does every summer/autumn - it organizes without corrected growth
If the #ATOMUSD price consolidates above $8, it will be a good sign.
After that, you can start dreaming of a hike to $13.5, and if you're very lucky, to $19-21.5 🔝
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ATOMUSDT is approaching the main downtrend Hey Traders, in today's trading session we are monitoring ATOMUSDT for a selling opportunity around 7.8 zone, ATOMUSDT is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 7.8 support and resistance area.
Trade safe, Joe.
COSMOS Update in Daily Timeframe#ATOMUSDT Update:
ATOM has been in a downtrend for a while and has finally reached the long-term support level ranging between $6.4 and $6.7.
Currently, the price is bouncing back, and it needs to break above the resistance trendline at $7.6 to confirm a rally toward the second resistance at $8.9 (a 32% rally).
The invalidation point for ATOM will be a candle close below the $6.2 support level.
DYOR, NFA.
Cryptocurrency ATOM Near Its Fundamental ValueThe cryptocurrency Atom is quite close to its fundamental value. If you're following this coin, rest assured that buying it in the range of $4-$6 will be a gift.
I don't know exactly when Atom will drop to its fundamental value zone, but when it does, be ready. The current price is already quite attractive, so my advice is to buy in parts. This way, you won't miss the rise and will have the opportunity to buy more if the price drops to the fundamental value zone.
Leave the name of your coin in the comments if you want me to analyze it next time and show the best buying points.
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