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ATOM - Bullish / Bearish scenarios The crypto market has never existed amidst 7.5% inflation. Therefore it is very hard to predict price movements over the next year. ATOM is one of the most technologically superior projects, and I think it will perform extraordinarily well during crypto's NEXT bull market. This bull run should come at the latest September - October '22. Until then, here are two possible scenarios for where ATOM can move over the next few months.
COINBASE:ATOMUSD
by Bitfreedom_Research
1
$ATOM - Inverse Head and Shoulder Forming on The DailyThe PA on $ATOM is starting to trend upwards. Obviously we are not going to see HH anytime soon but as long as we keep making new HL we will be in the right direction. Would like it to breach the bottom of the top rectangle and start ranging within that box though. Hopefully within a day or two. There's also an inverse H&S forming which to me seems like it's going to happen. Invalidation for the H&S would be around $22 mark which in itself would signal a disaster already. I am bullish on $ATOM and think we will see $52 soon (maybe between March and April?).
BINANCE:ATOMUSDLong
by ritubpant
2
Are bulls back in the game ?Atom soars after a strong BTC rally, what does the chart tells us ? We broke the short term level that blocked prices : low of the 4h Cloud and Daily Tenkan. A positive news, BUT we still have some things to do before being bullish again! Two main targets to break for having bulls with us : On short term : we're blocked by the $31.3 resistance. Both Daily Tenkan and 4h SSB are blocking the way : strong resistance. By breaking this resistance, we can expect to go back to the long term resistance : Daily SSB, at $32.5 this long flat is, in my opinion, the biggest resistance on our way to 37$ area. Note that BTC is back above its Daily Kijun, the #1 Crypto could lead the way for a few days, before leaving Alts alone, for another bullrun, maybe ? :) Let's wait and see how the weekend will be. What do you have in mind friends? :D
COINBASE:ATOMUSDLong
by Augustus1st
Bjorgum Levels explained with new short and possible bull targetVery common bounce from the bottom of the last bjorgum level at 25.6. This happens very very often, even on lower time frames, but when it happens on a larger time frame it gives more weight. Since the bounce from the level, we have seen an exact test of the resistance level at 32.6 which matches May 3'rd's wick test of the resistance. This is such an important resistance level in the history of atom. IF we break above 32.6, it is almost certain we will test $40 again, which is the last untested level. I personally do not think this will occur, but it is the most bullish scenario. Keep in mind I shorted here at the $32 level. There are currently only 2 bjorgum levels 25.6 (bottom of bjorgum level in trend) and $40 (absolute top of bjorgum trend before inputing longs of confirmed solid candle close above the $40 level.) I have shorted the $32 level with a stop loss of $34.5 Good Luck!
COINBASE:ATOMUSDShort
by Jigglyj
Neutrality remains the master !Prices are still under pressure, with $BTC which remains undecided and fundamental issues from central banks but also from inflation which continue to weigh on the markets. To frankly confirm a signal, both prices and the 4h Lagging Span must break their resistance : Weekly Kijun, at $28.7 for prices. This area is a major resistance and it remains important to close above (remember that only the Weekly Candle confirm the signal for this Weekly support) On the same area, the 4h Lagging Span is blocked by the 4h Tenkan. This one must break this Tenkan to confirm a bullish signal, at least on a 4h Point of View (short term) Let's see how it goes, What do you think guys ?
COINBASE:ATOMUSD
by Augustus1st
3