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ATO

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ATOUSD trade ideas

Short rebound possible, but generally a bad outlookI have recently had more hopes with my last idea, but now it looks devastating. With political tensions going on and the SEC still fighting crypto and no good reasons for the price to climb, I see a trend moving to the ultimate bottom. I don't know where this is, but $6.5 does not seem out of reach. All the potential this project has, but for now it seems it's moving down only. We may see a potential price recovery to $9, but in the end the trend will continue until better news arrive.
COINBASE:ATOMUSDShort
by dunsany
TRADE ALERT - LONG ATOMTraders, Atom dropped from it’s ascending channel and soon afterwards found strong support at the top of the triangle for a classic retest of previous resisntance/now support. A break below this and we should be looking for exit points. I have set mine at approx. $8.50. Target is the June 4th body high at around $10.75 Position = ATOM Direction = long Entry = 9.28 Stop Loss = approx. $8.50 Take Profit(s) = 10.75+ Risk/Reward = 2/1 Leverage = NONE Profit Potential = 16%+ Stew
COINBASE:ATOMUSDLong
by stewdamus
Cosmos: Roll up your sleeves… 👏… and get to work! From the low of wave ii in magenta, Cosmos has already started a strong upwards movement, but there is still much to be done. We expect the altcoin to make it above the resistance at $15.81 to complete wave iii in magenta, whose top should be developed around $25. However, there is a 42% chance that Cosmos could lose its strength and drop below the support at $5.54 instead. In that case, we would reckon with the new low of wave alt.II in white first before a sustainable ascent can begin.
BINANCE:ATOMUSD
by MarketIntel
1
Ascending Channel Pattern Suggests Potential Price ReversalATOMUSDT Trade Setup: Ascending Channel Pattern Suggests Potential Price Reversal Introduction: In this article, we will analyze the current trading pattern of ATOMUSDT on the daily time frame. ATOMUSDT has been trading within an ascending channel pattern, with the price recently undergoing consolidation from June 10th to June 20th. However, the price is currently facing rejection near the trendline resistance. Based on the Smart Money Concept, there is a possibility that the price may hit another pivot level marked at $8.264. The trade setup suggests an entry at $9.470, with a target set at $8.264 and a stop loss at $9.720. Let's delve into the details of this trade setup. Technical Analysis: ATOMUSDT is currently trading within an ascending channel pattern on the daily time frame. The recent consolidation from June 10th to June 20th indicates a period of indecision and accumulation. However, the price is now encountering resistance near the trendline, suggesting a potential price reversal. Trade Setup: Entry: Based on the Smart Money Concept, we can consider entering a short position at $9.470, considering the rejection near the trendline resistance. This entry point aligns with the expectation of a price reversal from the current levels. Target: Our target for this trade setup is set at $8.264, representing a significant downside potential from the entry level. This target reflects the anticipated price movement towards the marked pivot level. Stop Loss: To effectively manage risk, it is recommended to set a stop loss at $9.720. Placing the stop loss above the entry level can help protect against potential upside risks. Timeframe and Confirmation: Given that our analysis is based on the daily time frame, it is crucial to monitor the price action for confirmation of the anticipated price reversal. Traders should watch for a decisive move below the current resistance area, accompanied by increased selling volume and sustained bearish price action. Once the reversal is confirmed, we expect the price to move towards the target of $8.264. The timeframe for this trade setup may vary, but it is anticipated to unfold within a few days or weeks, considering the historical price patterns and the potential momentum from the reversal. Conclusion: ATOMUSDT is currently trading within an ascending channel pattern on the daily time frame. While the price has recently undergone consolidation, it is facing rejection near the trendline resistance, indicating a potential price reversal. Based on the Smart Money Concept, a trade setup suggests an entry at $9.470, with a target set at $8.264 and a stop loss at $9.720. Traders should exercise caution, closely monitor the price action for confirmation of the reversal, and adjust their trading strategies accordingly.
COINBASE:ATOMUSDShort
by TheNewsCrypto
3
Falling wedge playing out COINBASE:ATOMUSD Since February a falling wedge has appeared in the ATOM price. It is contained inside a neutral wedge, so it could have been both. Since yesterday the falling wedge becomes more clear. Volume is also declining, which is why the falling wedge could be considered bullish. ATOM moves with in an upward channel still, which is invalidated when the price goes below $10.18. So far it's fine. RSI indicates a slight rise, while prices are falling on the daily chart. This could be considered a bullish divergence. ATOM has a strong community, and recent developments (Neutron, Stride) is not priced in imho. The current economic situation makes me nervous and ATOM is not having a lot of press coverage at the moment. For that reason I remain cautious and would expect a furth drop to $10.18 first before a recovery to $14 would be possible. No financial advice.
COINBASE:ATOMUSD
by dunsany
2