ATOUSD trade ideas
Cosmos ATOM Continues Its Rip UpwardCOINBASE:ATOMUSD - 1H
At the beginning of February Atom completed a cup and handle which marched the price above $15. As noted in the original idea, I'm in this trade long term for staking & DEX activity with no plans on exiting anytime soon. That being said, it's good to know what kind of legs this run has.
ATOM is in price discovery with healthy strides upward. We've got only a couple wicks on the hourly piercing the upper BBand and their rejections weren't too strong. EMA7 is holding strong as support on retractions - so if you're looking for a good entry point buy on a pullback to it. Today's volume spike was half of what two different candles were on Feb 5, so we've got lots of leg room to meet precedent. If things were to fall though, $17 has proven to be strong support.
Everything about this chart and concept screams long. With people fleeing ETH and the run ADA had, don't temper your expectations. The platforms that offer staking incentives, especially those with timelocks like ATOM, are drying up in supply as long term holders continue to stake and not take profits on exchanges. I believe this type of shock is responsible for a part of ADA's run, and it presents an interesting dynamic to technical analysis.
This is not investment advice and trading cryptocurrency is high risk.
$ATOM Upside infinity bidding A lot of momentum going from Atom. Overall crypto market rally. Poised to move up
ATOM decision pointBreak resistance @ $13.5 or break from trend line and continue ranging? Either way, I would be long (and I am).
TP @ $16 (others are suggesting 20+)
Cosmos ATOM 1D Cup & HandleCOINBASE:ATOMUSD
Exciting times for Atom fans with a potential huge run ahead after completing a near 6 month long cup and handle. $10.18 presents a small challenge but if momentum is swinging it will blow right through. The coin has a strong presence on Coinbase and other big CEX's with in-house staking offered, which will be particularly attractive to new entrants. I can't guess where this lands but I can say it has a smaller circulating supply than UNI and is half the price.
This is not investment advice and trading cryptocurrency is high risk.
ATOM hitting $14 barrier pretty strongI think we'll be stuck in some sideways motion here for a while, it hit 14 hard and came down fast. I'm thinking it might be a good idea to buy on the low end of this consolidation in a bull flag... we'll see.
ATOM to $23This chart has been accurate for past 3 days. The APY is 5% on this coin is likely to trigger plenty of DEFI trading. While looking at similar coins like link we can see that ATOM will go to around $23 in the near future. remember that DEFI is the name of the game with a growing market cap currently around 5.5%.
ATOM ready for another big pumpWe have seen $ATOM pumping insanely over the last few days, this is likely to continue...
Im expecting a 4-5x over the next few weeks, just like $DOT did. IBC going live in 11 days!
ATOM 1H backtesting uptrend support turned resistanceATOM lost the long term 1H uptrend support earlier today and is currently back testing as resistance.
A rejection here will be bearish for the near term while regaining it as support will likely mean another chance at ATH
Good short entry could be had here with a stop placed right above the line
ATOM to the Cosmos ?IF Atom manages to break out to the upside of the symmetrical triangle, it will also form the handle to go with a giant cup. Target displayed around 12.5$
Thank you for reading and GL !
ATOM - Consolidation Phase & Target #2Upside Price Target: $16.135 (@ the 2.00 Fib Level) - Target #2
Downside Price Target: $11.794 (@ the 1.272 Fib Level), further dipping should find support @ the 1.136 Fib Level @ $10.983, and further down could be the support line (white dashed trend line of the cup and handle pattern @ around $10.44 (the 21 Day EMA could be expected to approach this level and ATOM could find support at that EMA.
ATOM could now be in a consolidation phase inside the green bar.
Check the activities of both the RSI and Stoch RSI, reversal could be imminent (Stoch RSI could now reveal a crossing of the fast and slow average lines).
More power to all your trades, my friends!
Ron
Intrepid_Trader
Ethereum extrapolation on CosmosHello, investor!
This is my ETH 2017 extrapolation on ATOM 2021. How ATOM's pump would look like, if it is Ethereum of today, so to speak. The idea for extrapolation came to my mind when I noticed similarity in volumes and time frames then and now. Bear in mind, there's only 4 months left to reach $200-$300 if I'm right.
ATOM/USDT 1W🔘 24/26
💲 ATOM/USDT
🕔 Mid Term / 3 to 6 months
🛑 Stop loss NOT NEEDED
💵 Recommended Investment : 5 - 10% of portfolio
ATOM set to LaunchBroke its ATH, retested prior high for support (twice), pushing back above ATH and currently struggling to flip support.
Positives-
Big RSI divergence. You can see the RSI dropped signifigantly over the past week with very little give on the price over its comparable time.
Love the double bottom off the prior high.
Negatives-
Sell volume the last 1.5 days is notiibly outdoing the buy volume.
Neutral-
The last week has set up a nice little channel to trade in. Stop loss @ $7.00. Entry obviously the moment we get a full 1 day candle open/close above the ATH.
In the meantime it might bounce around in there for another day or two for the longs to build momentum against the short resistance.
Definately breaking higher and target is $13+ in the 3-7 days.
Good luck.
Definately not advice. I'm an idiot. do the opposite. i'm just special and need to put my thoughts in writing.
ATOM to $12 by 22nd of February.After the current bull run that’s began ATOM is now 7% up today and closing in on $10! And with a huge upgrade coming on the 18th of February I’m now starting to think ATOM may even exceed my $12 prediction. Hold!
Atom price prediction in coming daysBased on time gaps, how extremely bullish the market is right now and how undervalued I believe ATOM is, $12 my price prediction for the upcoming days.
AtomSolid monthly upward room to $21 on the weekly. Daily is low in the channel and appears to be consolidating between the 9.37 and 7.70 level. I would anticipate continued coiling between the white line and the red line forming a bull flag that breaks out or breaks down somewhere around Feb 25th. At this level, entry is best done in the dips to $8 for the pending move.
ATOMs Road to 10.00hey guys looking into ATOM/USD . we wicked past 9.00 , hopefully we rise back as a full bar , that would give us confirmation on the 10.00 success .
its amazing how we are chilling in profit , waiting to move forward , im still holding i haven't let go yet .
what do you guys think ? let me know below in the comments
Atom is aiming High?Atom is proving to be in a rising channel after broke the triangle, i think alt season is never totally over, buyers only need to aim on the right coin. I bought on 8.0 and waiting...
not over thinking ATOMUSDMy first post on this was a little more complex. I'm reminded at times, days, hours, minutes...later...to keep it simple and to stay patient. looking for the breakout. for to follow as this starts to close.
