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ATOMUSDT trade ideas

ATOMUSDT growth is not expectedHello everyone! According to ATOMUSDT, the thoughts are as follows: the coin has been in a downtrend for a long time and a trend change is not expected. Therefore, on smaller timeframes, I tried to catch further price movement, of course downwards. At the moment, the coin has drawn something similar to "head and shoulders", although it turned out to be two heads. In any case, there are very good chances after such a pattern to go at least to the past minimum values of 7.2
Short
by CRYPTOVALUTCHIK
ATOMUSDT is testing the key levelBased on the provided information, the price of ATOMUSDT has recently grabbed new liquidity below the $9 area, and subsequently, it has retraced to retest the weekly support level. This movement suggests that there is a potential accumulation phase happening, with buyers showing interest in the asset at lower price levels. If the price manages to break above the daily resistance at the $9.3 area, it could signal a bullish breakout according to Plancton's Rules. A bullish breakout occurs when the price surpasses a significant resistance level, indicating a potential shift in market sentiment from bearish to bullish. According to Plancton's Rules, in this scenario, a new long position is suggested. A long position involves buying the asset with the expectation that its price will rise. By initiating a long position after the breakout, traders aim to take advantage of the potential upward momentum and price appreciation that may follow. ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <= 1h structure. Follow the Shrimp 🦐
by InkyGrip
20
ATOM: Waiting for a BUY positionDisclaimer High Risk Investment Trading cryptocurrencies and Forex carries a high level of risk, and may not be suitable for all investors. Before deciding to trade cryptocurrency you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with cryptocurrency and Forex trading, and seek advice from an independent financial advisor. Since Any opinions, news, research, analyses, prices, or other information contained on this website is provided as general market commentary, and does not constitute investment advice. The Bibres will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information. All opinions expressed are owned by the respective writer and should never be considered as advice in any form. A qualified professional should be consulted before making any financial decisions. -------------------------------------------------------------------------------------------------------------------
Long
by TraderBibres2003
Range Trend and Growth Signals at $10.6 ResistanceOver the last month, ATOM has been following a range trend, where its price has consistently reacted whenever it reaches the resistance of the downward trend line. This indicates a lack of demand in the $10.294 range. Previously, we identified a potential support zone around $8.648, which the price has not yet reached. To anticipate potential price movements, we should pay attention to a few factors. Firstly, if the price does touch the support zone and shows a positive reaction along with signs of a trend change and positive divergence on the Relative Strength Index (RSI) in the 4-hour and 1-hour timeframes, there is a likelihood of the price increasing towards the resistance level of $10.6. However, if the $10.6 resistance is not overcome and the price breaks below it, there could be further declines, potentially reaching the next support zone around $8. This particular support level is situated at the bottom of the second ascending channel, which might prompt a favorable positive reaction. In the event that the price bounces back from the $8 support zone, we could expect a price growth of at least 30%. Regarding the RSI level of ATOM at the daily timeframe, it is currently at 42. The Relative Strength Index (RSI) is a technical indicator used to assess the momentum of an asset's price. An RSI level of 42 for ATOM suggests a relatively neutral position, indicating that the cryptocurrency is not oversold or overbought at the moment. However, investors should closely monitor the RSI in conjunction with other technical signals to make more informed decisions about potential price movements.
by MonoCoinSignal
4
Brief Analysis ——ATOMToday we will share a brief analysis of 3 old-school tokens. They are ADA, ATOM and ONE. After rising at the beginning of the 2023, ATOM has fallen since February. And after being defined as a security, it fell through the precious support level (red line). The subsequent rebound never got back above the red line. During the rebound, the bulls was only slightly stronger than the bears. There are very few long green candles and volume was much lower than before. Recently, the price dropped to the green dotted line. Conclusion: Mostly falling. The rebound of ATOM did not cover the loss caused by FUD, so it remains bearish on a large scale. If the bulls cannot defend the dotted green line, the price will break out and keep falling. We set resistance level at 10.3, which is strong. Although the price has not confirmed that it has fallen below the green dotted line, but considering that the bears are dominant, we set support level at 8.2. If you have any ideas, welcome to communicate with us:) Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies. Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
Short
by Sypool
ATOM 4h reviewprice is moving into a descending channel since 5 month ago. right now it is trying to close above daily 50MA and MACD (daily line) also turned in bullish level. so closing above the channel is a good sign for stronger rally to come. and closing above daily 200MA will accelerate this process. I put the baseline on the chart and in any case, moving above this level ( around 8.8$) it is bullish. also in case of the bull run scenario we can expect the resistant levels on the chart will hit as targets. Enjoy the market
Long
by bestfarbit74
30