ATOUSD trade ideas
Bears cash in on the latest opportunity by taking ATOM priceThe latest Cosmos price analysis shows cryptocurrency trends are going in the bearish direction for today. The price of ATOM/USD is rapidly declining as it has now dropped down to $26. The short-term trending line is going towards the descending direction as well as the bears have been at the leading position since 8th February. The bears might take the price further below to set a lower low for February.
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.
ATOMUSDinitial stop set
target 29-30 to sell half
move stop to entry
sell another half at 35
trail the rest
Could Be Heading UpSeeing low risk entry point right now. Initial target will be $38. From here I expect a deeper pullback (after reaching $38) to shake off traders, and then shoot for $65. If you are already holding: do nothing till it reaches the top.
ATOM PerpNice retest , looking like a deviation. Next target , liquidity above old highs. Confirm and move stops on LT.
Atom depicted mid termWell it's been a while now guys, may as well chime in now that there's something to analyze. Atom seems to be resting on regional support and faced with multiple tests at resistance. Looks like a breakout is inevitable.
Long ATOMUSD Bearish market structure is broken
The trend is starting to reverse
RR of 1:3 on this trade
$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?).
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
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!
ATOM QUICK SELL IDEA FOR 050222My Opinion on ATOMUSD for quick sell profitable
Divergence m15 - m30 -h1
Fibo reach 423 for uptrend and need correction.
GOOD LUCK !
ATOM pt.3 BULISHHHHHHHHHHHHHHHello, as my previous posts I have been carefully watching this crypto after seeing some very interesting market structure. I believe this coin has a lot of juice left and I plan on continuing trading this.
I'm showing what I see in the price action as of now but by no means am I showing you what you should trade. DYOR
If there are any questions, feel free to shoot me a DM.
ATOM have bottomed: 8 reasons to turn bullish1) Atom completed a near perfect M-gartley pattern w/ a 1.63 retracement from neck & a 0.785 from low.
2) at uptrend line support
3) at Gann Fan line support
4) perfect 0.786 Fibonacci retracement
5) indicators coming from oversold & turning up
6) big green engulfing candle
7) Diamond reversal pattern may be forming
8)It went above dma200 & held inside the 29-30 horizontal pivot support zone
not trading advice
ATOMUSD (4H) Bullish reversalHi Traders
ATOMUSD (4H Timeframe)
Waiting for the upward break of 29.95 resistance level, which will complete a bullish trend reversal pattern to go LONG. Only the downward break of 25.55 would cancel the bullish scenario.
Trade details
Entry: 29.95
Stop loss: 25.55
Take profit 1: 32.60
Take profit 2: 36.90
Score: 5
Strategy: Bullish reversal
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 ?
ATOM pt.2 ATOM has now entered the yellow box which is where I plan on buying once price breaks to the other side of the white trend line.
Patience is important in situations like this and it's vital to not FOMO into times like this.
DYOR
Closing of the monthly candle tonight ! It is important, for prices, to stay above the Monthly Tenkan until the closure of the candle, in 12h now !
It would give a nice signal for the next weeks and would show that the bullish momentum isn't in danger, on a long term point of view.
Target to defend : $26.3
Target to look at, in case of base : $28.3 ; Weekly Kijun.
If we break this Monthly Tenkan: next important support : $22.9 ; the Monthly Kijun !
ATOM: Bull Flag PT $31ATOM has been weaker than it was relatively to last week but I think that is about to pivot back to strength. ATOM retraced from the ATH back to the 0.5 line which is a very healthy retrace to occur and usually signals the end of a bearish trend before a rise higher (albeit within context of BTC rising/stable).
ATOM has produced a bull flag with a PT to $31 - the high volume suggests this is an authentic breakout attempt
ATOM Short term perspectiveI see ATOM as being in consolidation and accumulation area. Time to accumulate until that bounce area that marks the multi-month trend line.
If that trend line fails, then accumulation continues and all bets are off.
ATOM/DOTLong ATOM, short DOT
long cosmos ecosystem
I'm looking for an entry and plan to hold the position throughout 2022
The $ATOM situation, before the FED. Just hours before the FED speaks, $ATOM is navigating on the lower side of its previous range.
After a retest of the low confluence zone, short has been activated after the H4 break down.
Now, 2 options:
1. FED is priced in -> lookout for a break up H4 to cut short position and wait on the sideline
2. FED is not priced in (aka bad news) -> acceleration of the downtrend, most probably, with TP1 & TP2 ready to be made
Just ideas, crypto ideas.
