ATOM - LOCALThe asset appears relatively weak when compared to other altcoins, having displayed minimal movement throughout the past year.
This subdued performance may be attributed to the absence of a significant price catalyst. However, I anticipate that such a catalyst will likely emerge in the near future.
The asset is currently undergoing a gradual adjustment towards the 0.5 level zone, following a pulse.
In the upcoming months, there is potential for the asset to reach $13, $17, and possibly even $25.
ATOMUSDT trade ideas
๐๐ Cosmos (ATOM) and Its Potential Breakout ๐๐ฎ
๐บ Cosmos (ATOM) in a Major Triangle: ATOM is currently navigating through a large triangle pattern, indicating a significant correction or a "big sleep" phase.
๐ About Osmosis Chain: Before diving into the analysis, it's worth researching the Osmosis chain. Recognized as one of the premier decentralized finance (DeFi) chains within the digital currency market, Osmosis hosts a vibrant ecosystem with numerous coins. Don't miss exploring its enticing ecosystem.
๐ ATOM's Potential Growth: ATOM has a potential journey of approximately 370% to reach its lifetime high.
๐ Spot Buying Strategy: For spot purchases, a breakout from the triangle and weekly trendline, with an entry trigger after surpassing $11.356, seems optimal.
๐ Stop Loss Consideration: It's too early for a precise stop loss figure, but if a bullish trend begins from the current levels, a stop below $8 could be appropriate.
๐ Strong Support Zone: Currently, a robust support zone exists between $7.5 and $8.331.
๐ซ Early Buying Caution: Early buying is not recommended. It's better to wait for further correction or significant upward momentum in the market.
๐ Futures Position Strategy: I'll update you with a lower timeframe analysis for futures positions tomorrow.
๐ฃ What are your thoughts and strategies regarding ATOM's current position and potential breakout? Feel free to share your insights and questions in the comments! ๐ฌ๐ #CosmosATOM #DeFiEcosystem #TradeCityPro
๐ Remember: The cryptocurrency market's volatility requires thorough research and careful risk management. Always consider your investment goals and risk tolerance. ๐ง ๐ผ
ATOM: Approaching SupportTrade setup : Trends are mixed. After a bearish breakout from Channel Up pattern, price has also broken below $10 key level and could revisit $8.50 support. That also lines up with a 200-day moving average, which makes $8.50 a robust support zone and a potentially attractive swing trade entry area, which +18% potential upside back to $10. Stop Loss level at $8.17.
Trend : Downtrend on Short- and Medium-Term basis and Uptrend on Long-Term basis.
Momentum is Bearish (MACD Line is below MACD Signal Line, and RSI is below 45).
Support and Resistance : Nearest Support Zone is $8.50, then $7.50. The nearest Resistance Zone is $10.00, then $13.00.
ATOMUSD 4h have bullish outlookCosmos ( NASDAQ:ATOM ) market on the 4-hour chart presents a compelling scenario for a potential reversal from its recent downtrend as it stabilizes within a strategic accumulation zone.
Despite the overarching bearish momentum, suggested by both the declining price action and cautious RSI readings, the proximity to a high volume node just above hints at a forthcoming resistance test.
The speculative projection indicates an anticipation of consolidation, followed by an upward trajectory, likely fueled by the confluence of technical support levels and inherent market volatility within this thinly traded range.
Investors should remain vigilant, as the underlying #Bitcoin SOPR (yes yes btc sopr) metric implies a broader market hesitation, which could temper the bullish outlook for #ATOM in the short term.
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ATOM - when you will finally pump?Hello, Skyrexians!
Recently I made couple of analysis on ATOM. I told you that correction is almost over. Now this asset is showing us annoying flat. Anyway I still believe that price will reach $18 at least. We can see the confirmed bullish reversal bar. Moreover Awesome Oscillator shows us increasing momentum even on local dump. Today price retraced exactly to 0.61 Fibonacci and found support. If my analysis is right now we are in the best point to buy ATOM.
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#15. TA_ATOMUSDT_2024-01-31_14-39-52_4hrsATOMUSDT_2024-01-31_14-39-52
- currently broke my trendline, so depending on the current direction, it could go up. Then the trendline will be upward.
- I would enter now for small amount or else wait until the bar hit the trendline($8.7) or big amount
- I would exit at second, third box.
Cosmos(ATOM): Got Rejected!!! We Are Selling Soon!ATOM coin has been experiencing amazing growth, which led the price to move towards the upper resistance zone.
We are looking here to catch a nice downward movement once we see the current re-test to successfully hold that zone.
As we will see that zone to be strong, we will be opening a potential order here for sure, but we also need to bear in mind that we might see a strong recovery here! That's why we are waiting for that re-test to tell us more about the strengths or weaknesses of ATOM!
Swallow Team
ATOMUSDT # 001 ( long shut view $$$ ) Hello dear traders.
Good days .
On monthly Gann Square . ATOMUSDT start itโs bullish move after finish First Gann Square cycle which is matched with breaking Gann Arc resistance at reversal time zone.
It showed that monthly Gann Square is valid and trustable .
ATOMUSDT now is below strong monthly Gann Square Fan line (1/8 fan line ) if broken after pull back and retest it will start crazy bullish rally.
1st weekly bullish Gann square , on 3rd Elliot wave it test 0.5 Gann Box level price .
We expect on monthly Gann Square fill 0.382 Gann Box price level as 3rd super Elliot wave and follow with sharp correction same as 1st week Gann Square .
Chart updated and route plotted with help of Gann Square and Gann Box.
Good luck and safe trades.
Thanks for your support and comments
Cosmos(ATOM)Keeping it simple here in this zone. Currently, we are below one smaller struggle zone while also being near EMAs.
As of now, the price is still not so clear, but we are seeing a good chance of a lower support zone being reached!
We are monitoring that "yellowish zone" for a potential rejection or breakout, and from there on, we will decide if we will be entering from current zones or from upper zones!
๐ฅ ATOM: Waiting For A Great EntryATOM has been trading in a bearish triangle pattern for almost two years at this point. The pattern is clearly drawn between the yellow area of support and the purple diagonal resistance.
After the most recent rejection of the resistance, I'm waiting for the price to reach the yellow area again. The yellow area will most likely function as a long-term bottom area, thus being a great entry in anticipation of the next bull-run.
Atom Trade setup: Trends are mixed. After a bearish breakout from Channel Up pattern, price has also broken below $10 key level and could revisit $8.50 support. That also lines up with a 200-day moving average, which makes $8.50 a robust support zone and a potentially attractive swing trade entry area, which +18% potential upside back to $10. Stop Loss level at $8.17. (set a price alert).
Trend: Downtrend on Short-Term basis, Neutral on Medium-Term basis and Uptrend on Long-Term basis.
Momentum is Bearish (MACD Line is below MACD Signal Line, and RSI is below 45).
50. The nearest ests nee iS, the 513,00n