$ATOM - COSMOS Ecosystem Analysis SeriesI will post a series of longer timeframe technical analysis on Cosmos Ecosystem coins.
Cosmos is designed to solve some of the most pressing issues in the blockchain space: scalability, interoperability, and usability. Its unique architecture, centered around the Tendermint consensus mechanism, allows for unparalleled efficiency and speed in transaction processing, making it a go-to choice for developers seeking robustness and reliability.
Let's start with the #ATOM, Cosmos' native token, not only serves as the fuel for this interstellar journey but also as a symbol of stakeholder participation in the governance of this ever-evolving ecosystem. This democratization of control empowers users, ensuring that the direction of Cosmos aligns with the collective will of its community.
ATOM weekly chart shows great long term potential for price appreciation. Price dips to $9-$10 zone is a great buy zone. My first target is $20 and the second target at $30. Not a financial advice. Under $10 I'm accumulating.
ATOMUSDT trade ideas
JUMP in new years (ATOM)📊Analysis by AhmadArz:
BACK TO BREAK ZONE.
🔍Entry:11.01
🛑Stop Loss:10.676
🎯Take Profit:11.30-11.80-12.30
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ATOM's TRAP Under Horizontal channelATOM, the crypto maverick, finds itself ensnared in a substantial horizontal channel, delineating clear upper and lower boundaries. Unbeknownst to many, this channel serves as a significant catalyst, propelling ATOM's price action with vigor. The strategic use of stop losses becomes the impetus for a potential surge, and the $20 mark looms on the horizon.
Navigating the Horizontal Channel:
Formation of Clear Boundaries:
ATOM's price action has meticulously constructed well-defined upper and lower boundaries, encapsulating it within a compelling horizontal channel.
This channel acts as a psychological and technical battleground for traders, setting the stage for dynamic market interactions.
Trader's Dilemma:
Traders often find themselves trapped in this horizontal channel, faced with the challenge of navigating within these clearly demarcated limits.
The confined space intensifies market dynamics, creating an environment ripe for rapid price movements.
Stop Loss Dynamics:
Strategic Stop Loss Placement:
Within the constraints of the horizontal channel, traders strategically place stop losses.
This becomes a pivotal factor influencing accelerated upward movements as stop losses trigger in reaction to specific price levels.
Catalyst for Growth:
The systematic triggering of stop losses is a catalyst for swift and decisive price action.
It induces a domino effect as one trader's stop loss triggers another's entry, fostering momentum and potential breakout scenarios.
Anticipating the $20 Milestone:
Psychological Price Point:
The $20 mark stands out as a psychological barrier within the context of ATOM's horizontal channel.
Breaking through this level could signal a shift in sentiment and trigger intensified buying interest.
Technical Indicators:
Traders should keep a close eye on technical indicators, volume trends, and momentum oscillators for confirmation of the potential breakout.
Such indicators can provide valuable insights into the strength and sustainability of the anticipated surge.
Conclusion: Accelerated Growth on the Horizon
ATOM's confinement within the horizontal channel is not a restraint; rather, it's a catalyst for dynamic price movements. The strategic placement of stop losses within this channel sets the stage for a potential surge, with the $20 milestone serving as a significant focal point.
🚀 Horizontal Channel Dynamics | 🔄 Stop Loss Triggers | 🎯 Targeting $20
📊 Share your insights on ATOM's journey within the horizontal channel and your predictions for its impending price action! 💬📈
ATOM: Channel Up BreakoutTrade setup : Price remains in an Uptrend, however, following a bearish breakout from a Channel Up pattern, price could pull back to $8.50 support (also 200-day MA) near-term, which could be an attractive swing entry, with upside back to $13.00 thereafter.
Trend : Downtrend on Short-Term basis and Uptrend on Medium- and 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 $10.00 (previous resistance), then $8.50. The nearest Resistance Zone is $13.00, then $15.40.
ATOM: Channel UpTrade setup : Price is trading in a Channel Up pattern.
Swing traders: can enter near Channel support trendline (~$11) and exit near Channel resistance trendline (~$13). Stop Loss (SL) at $9.50. Previously, price broke above 200-day moving average to confirm a bullish trend reversal to an Uptrend.
Pattern : Price is trading in a Channel Up pattern. With emerging patterns, traders who believe the price is likely to remain within its channel can initiate trades when the price fluctuates within its channel trendlines. With complete patterns (i.e. a breakout) – initiate a trade when the price breaks through the channel’s trendlines, either on the upper or lower side. When this happens, the price can move rapidly in the direction of that breakout.
Trend : Uptrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Mixed as MACD Line is below MACD Signal Line (Bearish) but RSI ~ 50 (Neutral). MACD Histogram bars are rising, which suggests that momentum could be nearing another upswing.
Support and Resistance : Nearest Support Zone is $10.00 (previous resistance), then $8.50. The nearest Resistance Zone is $13.00, then $15.40.
Reference point for rise and fall: 11.648Hello traders!
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(ATOMUSDT chart)
ATOM is one of the representative coins that is expanding the coin ecosystem.
(1M charts)
If the price rises above the MS-Signal indicator and maintains the price, it is expected to turn into an upward trend.
However, since the HA-High indicator is located at 23.269, a full-fledged upward trend is expected to begin only when the HA-High indicator rises above the HA-High indicator.
Accordingly, it is necessary to see whether the HA-High indicator can be created by falling.
(1W chart)
In order to maintain the price above the MS-Signal indicator (M-Signal) on the 1M chart, the key is whether the price can be maintained in the 11648-13841 range or higher.
If it falls, you should check for support around 8.921-9.603.
(1D chart)
Ultimately, in order to continue the upward trend, it is expected that it will have to rise above 13.962-15.083.
Accordingly, it can be divided into the 7.750-11.648 section and the 11.648-15.083 section.
The next period of volatility is expected to be around January 24th.
At this time, the key is whether it can rise above 13.962.
Have a good time.
thank you
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- The big picture
The full-fledged upward trend is expected to begin when the price rises above 29K.
This is the section expected to be touched in the next bull market, 81K-95K.
#BTCUSD 12M
1st: 44234.54
2nd: 61383.23
3rd: 89126.41
101875.70-106275.10 (when overshooting)
4th: 13401.28
151166.97-157451.83 (when overshooting)
5th: 178910.15
These are points that are likely to encounter resistance in the future.
We need to see if we can break through these points upward.
Since it is thought that a new trend can be created in the overshooting area, you should check the movement when this area is touched.
If the general upward trend continues until 2025, it is expected to rise to around 57014.33 and then create a pull back pattern.
1st: 43833.05
2nd: 32992.55
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** 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.
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ATOM: Channel UpTrade setup : Price is trading in a Channel Up pattern. Swing traders: can enter near Channel support trendline (~$10) and exit near Channel resistance trendline (~$13). Stop Loss (SL) at $9.50. Previously, price broke above 200-day moving average to confirm a bullish trend reversal to an Uptrend.
Pattern : Price is trading in a Channel Up pattern. With emerging patterns, traders who believe the price is likely to remain within its channel can initiate trades when the price fluctuates within its channel trendlines. With complete patterns (i.e. a breakout) – initiate a trade when the price breaks through the channel’s trendlines, either on the upper or lower side. When this happens, the price can move rapidly in the direction of that breakout.
Trend : Uptrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Mixed as MACD Line is below MACD Signal Line (Bearish) but RSI ~ 50 (Neutral).
Support and Resistance : Nearest Support Zone is $10.00 (previous resistance), then $8.50. The nearest Resistance Zone is $13.00, then $15.40.
ATOM breaks out
In 2D time-frame, ATOM is breaking out its resistance trendline starting from February 2023. Good buy volumes show that this break-out is interesting.
In my opinion, it is a good moment to buy ATOM because if we consider range's low as SL and range's high as a final TP, we have a very good R:R = 7
Here is the view in weekly time-frame.
Disclaimer:
This analysis is based on my personnal views and is not a financial advice. Risk is under your control.
ATOM/USDT Secondary trend (part). Symmetrical triangle.Logarithm. Time frame1 day. Part of the secondary trend (right shoulder area).
A rather significant symmetrical triangle has formed over several months. The price is almost in the very corner. The denouement should occur in the near future (from the trend position). The price is almost in the very corner of the figure. The areas of the reversal levels are marked in yellow and the percentages of them. I don't recommend to work inside the formation at the moment (final phase of its formation), but to wait for the outcome, i.e. a breakdown, and better yet a pullback after the breakdown and confirmation of the reversal.
Fundamentals and the distribution of coins by price between market participants are initially "different purse."
I would also add, it is fundamentally one of the most promising blockchains and one of the cryptocurrencies in speculative terms with the most unfair competition. Consequently, always limit the potential losses in your work. For you super losses, for someone this price will be the most inadequate profit.
This is what this triangle looks like on a line chart.
The entire secondary trend. Time frame 1 week
ATOM/USDT Secondary trend. Right shoulder area
The main trend. Time frame 1 week.
ATOM: Channel UpTrade setup : Price broke above $10.00 resistance to signal continuation of an Uptrend with upside potential to $13.00. Price is trading in a Channel Up pattern. Swing traders: can enter near Channel support trendline (~$10) and exit near Channel resistance trendline (~$13). Stop Loss (SL) at $9.50. Previously, price broke above 200-day moving average to confirm a bullish trend reversal to an Uptrend.
Pattern : Price is trading in a Channel Up pattern. With emerging patterns, traders who believe the price is likely to remain within its channel can initiate trades when the price fluctuates within its channel trendlines. With complete patterns (i.e. a breakout) – initiate a trade when the price breaks through the channel’s trendlines, either on the upper or lower side. When this happens, the price can move rapidly in the direction of that breakout.
Trend : Uptrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Mixed as MACD Line is below MACD Signal Line (Bearish) but RSI > 55 (Bullish).
Support and Resistance : Nearest Support Zone is $10.00 (previous resistance), then $8.50. The nearest Resistance Zone is $13.00.
ATOM/USDT | 1d 👀1. NASDAQ:ATOM indicating favorable upward potential.
2. Chart analysis suggests a favorable double bottom pattern, supported by robust fundamentals.
✅ Stay updated on market news and developments that may influence the price of Cosmos. Positive or negative news can significantly impact the cryptocurrency's value.
✅ Exercise patience and discipline when executing your trading plan. Avoid making impulsive decisions driven by emotions, and adhere to your strategy even during periods of market volatility.
✅ Remember that trading always involves risk, and there are no guarantees of profit. Conduct thorough research, analyze market conditions, and be prepared for various scenarios. Trade only with funds you can afford to lose and avoid excessive risk-taking.
- Not financial advice, trade with caution.
#Crypto #Cosmos #Trading #ATOM