Maintaining the support rangeThe range between $6.715 and $6.350 is critical. This area acts as a strong support zone, and maintaining it could be the foundation for a strong upward movement.
If the price manages to hold the support range, we expect it to reach the level of $7.117. This level can act as a price target, which could be achieved with increased demand and sustained support.
ATOMUSDT trade ideas
Cosmos (ATOM) will die or reach the sun? Ultimate overviewHello, Skyrexians!
While Bitcoin is staying inside the price range, altcoins are collapsing every day. BINANCE:ATOMUSDT is not an exception. It has tested the bottom at $6 once more. For sure, it's not pumping because top crypto traders continue talking about altseason. Most of people simply copy trade and therefore, the crowd is sitting is assets and waiting for the growth. Most of investing and crypto trading strategies and trading bot strategies giving the strong long signals, but even if you use the great cryptocurrency trading strategy, it's necessary to take into account the sentiment. It's very difficult to pump assets if everybody bought it and wait for the fortune.
In today's article we will try to make it clear if ATOM found it's bottom, what is the current market phase and which possible scenarios can take place in the future. We will define the critical points when it's vital to make a decision. This overview will be useful for investors, traders and for who uses automated trading bots, automated trading software for cryptocurrency or grid trading bot. The potential scenarios can help you to make a decision how to set up your strategy to reduce risk and increase potential profit. Let's get started!
Cosmos global overview
ATOM is pretty old cryptocurrency which has been listed on the major exchanges in 2019. Therefore it has already showed us it's behavior is the bull run 2020-2021 and during the following bear market in 2022-2023. The key feature which we have to define for every crypto asset if it's up trending or so-called "scam" coin. ATOM set the higher low for the current bear market in comparison to previous one. It means the we can expect new ATH in the next bull cycle. Critical point which invalidate this statement located below $2.
Until price is above we will consider previous bull run as wave 1, current bear market as wave 2. It means that next bull run can reach the very high prices in wave 3. The minimal target is $49 which is 1 Fibonacci extension level. The most likely target is 1.61 Fibonacci at $77, and the positive one is above $120, but I personally don't believe in this.
Is bear market finished for ATOM?
Now it's time to look inside the wave 2, is it finished or not. For this purpose we will use the 1W chart and combination of indicators: Alligator and Awesome oscillator.
Cosmos (ATOM): Might Bounce From Local Trend!Comos caught our attention, where price is looking for another support at the local trend line, where previously we have been having nice bullish moves.
We will be monitoring that trend there and if we see that bulls will secure that zone, we will look for a potential bullish movement breaking EMAs; if not, then we will look for a re-test of lower liquid zones!
Swallow Team
ATOM (COSMOS) SHOULD JOIN THE ALT SEASON FROM HERE
BINANCE:ATOMUSDT should be doing this if it really have intention of joining the bull run. It is quite close to the invalidation level but the risk reward is insane almost 90.
More update to come stay tuned. BINANCE:PEPEUSDT is at the level i called so is many alts. We saw this coming billions have been liquidated.
OTHER ANALYSIS
ATOM with shark pattern and divergenceThe analysis of the ATOM/USDT currency pair shows a shark pattern that is approximately 240 days old. Additionally, there is a positive divergence, suggesting a reversal from the PRZ (Potential Reversal Zone), which is a buying and accumulation area. The initial three targets, as shown on the chart, are around $9, $10, and $11. Be flexible when taking profits and securing the stop loss, and do not sell all the currency at the visible targets. Instead, keep some for the bull season.
Price Trampoline - Trade Entry Hello community,
I am pleased to share my latest trade following two successful transactions on Bitcoin (17% profit) and BOB (24% profit), both of which are documented in my account. My new trade is ATOM/USDT.
Money management strategy:
The designated capital for this trade is $500+$500. Here's how the funds will be allocated:
1st Order ($500 spot) : Placed at the current market price. This order aims to enter the coin after the re-test of the strong support presented in green.
2nd Order ($500 spot): Set around $8.789. This price level aligns with a strong weekly support, making it a strategic adjustment price point.
The objective of this trade is to take profits at 70% but can be flexible depending on market conditions.
I won't be adding any additional trading orders below these levels.
This is not an investment advice, I am only sharing my own portfolio ;)
Happy trading, everyone!
Cosmos (ATOM): Possible Touch To Trend LineCosmos has been trading nicely after breaking that 200 EMA line there.
Every since price has had a nice pressure from sellers and now we are looking for a movement to the trend line, which is our next target zone. From there, we might see some kind of bounce to the upper zones!
Swallow Team
Cosmos (ATOM): Touching The 200EMACosmos is back at 200EMA line, where historically it has been seeing rejections. Also notice that trend line where price has been jumping off, and this gives us the next case: As we are approaching those two zones here, the gap between them is getting smaller and smaller, which means we will soon see a breakout or breakdown from there.
We keep an eye on both of those zones for any signs so keep your eyes open!
Swallow Team
Long signal for ATOM/USDTThis technical analysis is based on the daily chart of BINANCE:ATOMUSDT on the Binance exchange. In this analysis, a price channel is drawn, and support and resistance levels are evaluated.
Price Channel Analysis:
The price is currently within a price channel ranging from 7.789 to 9.948 USDT.
The suggested entry point is around 8.416 USDT.
Entry and Exit Points:
Entry: 8.416 USDT
Take Profit: 9.948 USDT (18.22%)
Stop Loss: 7.789 USDT (7.44%)
R/R Ratio: 2.45
Conclusion:
This analysis suggests that by adhering to the specified take profit and stop loss levels, a successful trade can be achieved. The Reward/Risk Ratio for this trade is approximately 2.45, indicating a highly favorable risk-to-reward scenario. To manage risk effectively, it is recommended to strictly follow the stop loss level.
LONG #ATOMUSDT from $8.666 stop loss $81h TF. For more than a month, the instrument has been in the sideways, the price previously removed the nearest liquidity, from which we received a reaction from the buyer, trading volumes fell quite strongly, we observe a good price consolidation over the previous sideways, at the current I will consider continuing growth after local removal for a more impulsive continuation of movement into the breakdown of the high with the potential to the seller's area of interest
ATOM ANALYSIS (4 hr )🚀#ATOM Analysis :
🔮As we can see in the chart of #ATOM that there is a formation symmetrical triangle pattern. Also there is a perfect breakout. Our target price is $9.260 which is 6% move from our current price📈📈
🔰Current Price: $8.728
🎯 Target Price: $9.260
⚡️What to do ?
👀Keep an eye on #ATOM price action. We can trade according to the chart and make some profits⚡️⚡️
#ATOM #Cryptocurrency #BREAKOUT #TechnicalAnalysis #DYOR
atomIn general, for me, the best shopping area in high time is in the more colorful green areas, which are areas 5 to 7
But if you want to make a purchase, there is a resistance on the top, in the lower time frame, which is now marked with a red box and a green area that I will wait for the price to reach and then make a decision. Of course, this is just my personal opinion.