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ATOMUSDT trade ideas

ATOM/USDT Break the Key Level area. Ready to Upward Momentum ??💎 ATOM has certainly captured the attention of market enthusiasts. Presently, ATOM has managed to break free from the descending channel pattern, bypassing the typical retest at the pattern's resistance trendline. This is due to ATOM's swift move past the supply zone, solidifying its position above it. As a result, ATOM's focus now shifts to a retest at the current demand zone, with a probability prospects of further upward progression towards our anticipated supply targets. 💎 However, should ATOM retreat to the $7.5 demand zone and breach it, the next potential support lies at $7.19. Interestingly, this level coincides with the aforementioned resistance trendline, making it a pivotal point for ATOM's potential rebound and continued ascent. 💎 On the flip side, if ATOM struggles to hold the $7.19 demand zone and breaks below, it could signal a bearish trend. In such a scenario, ATOM might be on a downward trajectory, targeting its primary support levels.
by MyCryptoParadise_Nathan
1
COSMOS ATOM: THIS WILL PUMP AFTER BREAKOUT?Having cool fundamental analysis on BINANCE:ATOMUSDT , I discovered the following: Low Emission Rate Next Unlock Is 309 Days from Now Aggressive Development on Cosmos Github Repository Huge and Growing Ecosystem Technically; It is currently at its historical support We will wait for a breakout of the current downtrend What are your thoughts about this analysis? Let me know in the comment box. If this analysis makes sense to you, follow me now and support my idea.
Long
by CryptoNiche
11
Below 7.57: Enter the bottom sectionHello? Hello traders! If you "Follow" us, you can always get new information quickly. Please also click “Boost”. Have a good day. ------------------------------------- (ATOMUSDT chart) (1M charts) It appears to have entered the bottom section, falling below 7.57. Accordingly, caution is required when trading. (1W chart) If the price cannot be maintained by rising in the 6.943-8.06 range or higher, it is expected to fall to around 4.023-5.443. (1D chart) What is important is whether it can quickly rise above 6.646. If not, it is highly likely that it will lead to a further decline, so we need to seek a countermeasure. Looking at the Histogram indicator in the TS indicator, it shows that the intensity of the rise is high. Accordingly, I think there is still potential for an increase if it does not lead to further declines. Therefore, the key is whether the price can be maintained by rising to the current box range of 6.373-7.370. -------------------------------------------------- ------------------------------------------- ** All explanations are for reference only and do not guarantee profit or loss in investment. ** Trading volume is displayed as a candle body based on 10EMA. How to display (in order from darkest to darkest) More than 3 times the trading volume of 10EMA > 2.5 times > 2.0 times > 1.25 times > Trading volume below 10EMA ** Even if you know other people’s know-how, it takes a considerable amount of time to make it your own. ** This chart was created using my know-how. ---------------------------------
by readCrypto
📈📊 #ChartPattern Alert! 📈📊 📈 Falling Wedge 📈📈 What is a Falling Wedge? The Falling Wedge is a bullish chart pattern characterized by two converging trendlines, with the lower trendline sloping upward more than the upper trendline. It typically signals a potential bullish reversal, with the price likely to break upward after the wedge pattern. 📈 How to Identify: Draw a trendline connecting at least two higher highs (upper trendline). Draw another trendline connecting at least two higher lows (lower trendline). 📈 What it Signals: The Falling Wedge suggests a potential bullish reversal, with buyers gaining strength as the price reaches higher lows within the wedge. It often forms during downtrends and can precede a significant price move to the upside. 📈 Trade Strategy: Consider buying when the price breaks above the upper trendline of the Falling Wedge. Set profit targets based on the pattern's height added to the breakout point. Implement a stop-loss to manage risk in case of a false breakout. Remember to validate your analysis with other technical indicators and conduct thorough research before making any trading decisions. Happy charting and trading! 📈💹
by RaffDN
ATOM/USDT potential upward shift? 👀 🚀 cosmosToday Analysis💎Paradisers, gear up for a thrilling opportunity with ATOMUSDT! Post its downward liquidity grab, it's now firmly anchored at a pivotal support, hinting at a potential bullish surge. 💎In our prior observations, ATOMUSDT, after setting equal highs, embarked on a significant downward journey. Currently, it's showcasing robust momentum above this key support. We're confident that there's a strong chance it will challenge the resistance level once again. 💎An additional factor bolstering this outlook is the pronounced volume indicated by the VRVP, which augments the bullish sentiment. However, given the prevailing market uncertainties, should the price dip below the 6.713 mark, be prepared for a potential descent to the subsequent support level. 💎Remember to employ prudent trading strategies and use proper stop-loss measures! Stay alert to market movements and look forward to more insights
Long
by MyCryptoParadise