Cosmos(ATOM): Breakout + Re-TestWe're observing a significant development on the ATOM/USDT pair, as we've witnessed a robust breakout from the descending trendline that was previously restraining the bullish momentum. We see that this breakout could lead to a potential retest of the trendline, which, if successful, would confirm the shift to a bullish trend. Currently, our focus is on the $9.7 level.
ATOMUSDT trade ideas
ATOM/USDT Breakout the key resistance area. Bullish Momentum ?💎 ATOM has been a major point of focus in the market, recently achieving a breakout from a resistance area. It's now in the midst of a retesting phase at what was previously a resistance level, now serving as support. There's a strong probability that ATOM could resume its upward trajectory towards a significant resistance area following this retesting phase.
💎 However, should ATOM struggle during the retesting phase at the support level, it might suggest a false breakout. In such a case, ATOM could potentially revert to the demand area.
💎 Upon returning to the demand area due to a false breakout, it becomes crucial for ATOM to demonstrate a strong recovery. A robust bounce from this demand level is necessary for ATOM to attempt to reclaim the resistance area and continue its upward movement.
💎 If ATOM only consolidates at the demand level without a significant bounce, it risks losing this crucial support zone. This could lead to a shift back to a bearish trend for ATOM, potentially resulting in a downward movement towards the key support area.
Cosmos Hub (ATOM) Poised For Continual Growth
ATOM, despite its correlation with Bitcoin, recorded a 35% rise in December, hitting a local ATH at $12.4. With its yearly high still distant at $17, the cryptocurrency retains considerable growth potential.
ATOM is presently hovering near the selling zone of $11.67-$12.40. Its growth is currently prioritized as buyers demonstrate resilience despite Bitcoin's correction. The next milestone for buyers is set at the $13 level.
Should a local correction occur, ATOM might retreat to the buyer's zones of $10.5-$11, $9.5-$10, and potentially down to $8.81. A drop below this final threshold could indicate a shift to a medium-term bearish trend, with the possibility of further declines.
ATOMUSDT Idea - COSMOS vs TETHERHey Traders.. No Comment!!
BINANCE:ATOMUSDT BINANCE:ATOMUSD COINBASE:ATOMUSD
⚠️ Disclaimer: The viewpoints shared represent my individual outlook on the market, based on publicly accessible information and historical data. While a portion of these opinions is influenced by my actual trades, others are not. It's important to note that I am not a financial advisor, and I do not assume any responsibility for the decisions you make in your trading activities.
✅ Feel free to share your inquiries or suggestions in the comments. I am more than willing to assess and analyze any cryptocurrency, forex currency pair, or stock index that piques your interest, so, Please don't hesitate to ask or mention the specific currency chart you'd like me to review.
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). 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 Bullish (MACD Line is above MACD Signal Line and RSI is above 55).
Support and Resistance : Nearest Support Zone is $10.00 (previous resistance), then $8.50. The nearest Resistance Zone is $13.00.
$ATOMUSDT: Cosmos ecosystem turning bullish...It's been setting up for a while, with many interesting coins trending nicely (like INJ, TIA, to name a few), now Cosmos itself has a long term bull cycle signal active, and a nice catalyst to help it break out from the range here (recently there was a proposal to reduce inflation which can help propel the token higher).
Long term T@M trend is now bullish, with upside in the order of 700% at least, while risk in the trade is a small fraction of this range...
Best of luck!
Cheers,
Ivan Labrie.
ATOM is testing a 459 day resistance trend lineATOM has had a pretty stella day today along with the rest of the tokens in the Cosmos ecosystem.
Once it breaks this resistance line I see a pump to the next fib 618 golden pocket and maybe a retest of the trend line as support.
Then the next 1618 fib would be my next target.
It's getting on airdrop season and ATOM is one of the coins that has provided an easy way to qualify for airdrops by simply staking it. TIA was one of the most recent airdrops that ATOM holders have received and my drop would be worth north of $4k if I hadn't of sold it early.
ATOM: Resistance BreakoutTrade setup : Price broke above $10.00 resistance to signal continuation of an Uptrend with upside to $13.00. Previously, price broke above 200-day moving average to confirm a bullish trend reversal to an Uptrend.
Trend : Uptrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Bullish (MACD Line is above MACD Signal Line and RSI is above 55).
Support and Resistance : Nearest Support Zone is $8.50 (previous resistance), then $7.50. The nearest Resistance Zone is $10.00, which it broke, then $13.00.
ATOM: Approaching ResistanceCosmos (ATOM) technical analysis:
Trade setup : Price broke above the 200-day moving average and $8.50 key level, which confirmed an Uptrend, and reached our target of $10.00. Now we wait for price to either 1) break above $10.00 to signal continuation of an Uptrend with upside to $13.00, or 2) pull back near $8.50 support, which could be an attractive swing trade entry in Uptrend with upside potential back to $10.00.
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). MACD Histogram bars are rising, which suggests that momentum could be nearing another upswing.
Support and Resistance : Nearest Support Zone is $8.50 (previous resistance), then $7.50. The nearest Resistance Zone is $10.00, then $13.00.
One other move to high-leveh (ATOM)❤️❤️Thanks for boosting 🚀 and supporting us!
📈Breaked trendline and wait to pollback to breakeven zone for start new leg for new high-price.
📊 (Buy) : 9.74
🔴 Stop Loss : 9.32
🎯 Take Profit : 10.18 - 10.53 - 11.18
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👨🎓 Experience and Education: Our trading team has five years of experience in financial markets, especially cryptocurrencies.
ATOM: Approaching ResistanceCosmos (ATOM) technical analysis:
Trade setup : Price broke above the 200-day moving average and $8.50 key level, which confirmed an Uptrend, and reached our target of $10.00. Now we wait for price to either
1) break above $10.00 to signal continuation of an Uptrend with upside to $13.00, or
2) pull back near $8.50 support, which could be an attractive swing trade entry in Uptrend with upside potential back to $10.00.
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 $8.50 (previous resistance), then $7.50. The nearest Resistance Zone is $10.00, then $13.00.