Is ATOM Going TO blast To 30$!? In Depth Analysis!BINANCE:ATOMUSDT
First Let's Talk About The Project ATOM (COSMOS):
The Cosmos Project Was Launched in 2014 By Ethan Buchman And Jae Kwon Focusing On A Solution For Interoperable Blockchains.
Every project user, and entity's needs are different. So making customized networks that can interact with each other is valuable. Each new blockchain added to the Cosmos Ecosystem is called a Zone. Each zone can interact with another through Cosmos Hub, A Proof Of Stake relay Blockchain that allows data and assets to be shared.
ATOM is Cosmos Hub's Native Coin with three main uses. First users pay their transaction fees using Atom using a gas-based system. ATOM also allows you to participate in governance and is used in the network's consensus mechanism.
Now the most juicy part!! CHARTS!!!!
First, If we see at the weekly time frame, those bullish bought up candles clearly shows that how buyers were so interested to protect the lows and they gave higher closing everytime on weekly candles. This shows that price wont go below those wicks again.
Second, If we see whole market waves as elliot waves then we are done with the correction and going for Either 12345 impulse waves or ABC corrective wave, Targeting 30$!
Third, If we conclude the bottoming pattern, it turns out to be ADAM and EVE Double Botttom Patern For ATOM and which after breaking the 17$ Targets 25 and 30$ as the Profit Booking Targets!
Now, Let's Have a look at it's BTC Pair!
BTC pair shows that it has just broke out from the falling wedge or the bull flag on 3 Day time frame which targets 12-15K satoshi as the targets.
www.tradingview
If we Consider the bigger picture of ATOM. Then it is still in a very big accumulation.
And when it's going to breakout from it..it will have a new uptrend cycle which can give 5-10X returns on investment in ATOM.
So it will be very good Mid term play or till this bull run lasts!
https://tradingview/x/ZnSwCH1z/
So that is it for my analysis on ATOM.
Please Do support this idea and engage with it :)
Thank you for reading, i hope it added some value to you.
Regards
Bandhan Sharma AKA Wickhunterr
ATOM
✴️ ATOMUSDT | Cosmos Ultra Bullish (Name Your Altcoin #15 ✅)
The Cosmos chart right now is as bullish as it can get... Join me, let's read it together.
ATOMUSDT.
First, we have the classic low set June 2022, this is the cryptocurrency market capitulation phase low/bottom.
For some cryptos it was the bottom, for others just a low point as a new low was hit later on.
Cosmos is one of the strong ones because a higher low was hit in December vs June.
This higher low gives you all the information that you need... After it, we have 7 consecutive weeks closing green.
The consolidation pattern in orange is breaking down in favor of the bulls.
Prices are now above EMA50 supported by a strong RSI... Volume slowly grows.
It won't be long until the next bullish jump!
See you at $29... Easy 100% and then some more.
Namaste.
ATOM COSMOS 4 Hour Chart Analysis Hello to all out there and good day!
Here we have ATOM COSMOS on the 4-Hour Chart setup.
We have this Chanel that ATOM has been trading in and may be at the top as it has tried # 3 times to BREAK this upward channel but failed.
ATOM must hold the 12.80 SUPPORT ZONE if the COIN wants to move to the upside.
The NEXT BULLISH Targets to look out for will be the 13.7 -14.11 LVL AND THEN 14.61 - 15.15 AREAS.
NOW FOR THE BEARISH Scenario.
IF ATOM loses the 12.8 LVL of SUPPORT We might see it go back and test the 12.1 -10. 0 LVLS .
I will update you as time unfolds! Thanks for looking::)
Possibility of breaking the bottom of the channelThe price trend of ATOM in the coming week can range, and there is a possibility of breaking the bottom of the ascending channel and retesting the $13 range. So, in general, the support range of $12.53 to $13.8 can be considered as a positive reaction zone. If the bottom of the ascending channel is broken, the price decline can continue even to the $11 range.
BRIEFING Week #6 : Big Technical Area for SPXHere's your weekly update ! Brought to you each weekend with years of track-record history..
Don't forget to hit the like/follow button if you feel like this post deserves it ;)
That's the best way to support me and help pushing this content to other users.
Kindly,
Phil
ATOMETH '2D' - Breaking Through to Hit Top Trend LineWe've had some excellent signals on ATOMETH over the last couple of years on the 2D timeframe, this could be another one, but maybe one of the last before we reach the end of this long descending trend line.
There's a few layers of strong support on the underside currently which only improves the odds of touching this upper trend line - let's wait and see with this one, what do you think?
ATOM. $46.8A descending channel has been broken, lasting more than a year. Also, since June, an ascending triangle began to form with a probable target at a breakdown = $46.8. Curiously, the target when the descending channel is broken coincides with the target when the ascending triangle is broken.
ATOMETH 'D' - Rebounding off Symmetrical Triangle Lower EdgeThis could be a really nice 20% long trade on Atom over the next month or two.
We've got a nice Buy signal coming in from Crypto Tipster v2, the price is deflecting off the lower edge of an almost perfect symmetrical triangle and off of 2 areas of recent support AND there's not much in the way of resistance until the top edge of the aforementioned triangle. Wow that's a long sentence ;)
What are your thoughts?
ATOM/USDT 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this ATOM/USD update by CRYPTO SANDERS.
CHART ANALYSIS:-Cosmos (ATOM) was another notable mover in today’s session, with the token climbing for a second straight day.
Following a low of $13.15 on Tuesday, ATOM/USD moved to a peak of $13.84 earlier in the day.
Wednesday’s rally saw the cosmos move above a ceiling at $13.50, nearing its highest point since November 8 in the process.
Whilst this resistance level was broken, the 14-day RSI was approaching one of its own at 66.00.
As of writing, the index is tracking at 61.77, after it bounced from a support point at 58.00
Should this ceiling at 66.00 be hit, it is likely that ATOM could be trading above the $14.00 mark.
I have tried to bring the best possible outcome to this chart.
Hit the like button if you like it and share your charts in the comments section.
Thank you
Atom analysisWhat Is Cosmos (ATOM)?
In a nutshell, Cosmos bills itself as a project that solves some of the “hardest problems” facing the blockchain industry. It aims to offer an antidote to “slow, expensive, unscalable and environmentally harmful” proof-of-work protocols, like those used by Bitcoin, by offering an ecosystem of connected blockchains.
BRIEFING Week #5 : Markets Anticipated, Will Reality Confirm ?Here's your weekly update ! Brought to you each weekend with years of track-record history..
Don't forget to hit the like/follow button if you feel like this post deserves it ;)
That's the best way to support me and help pushing this content to other users.
Kindly,
Phil
ATOM: Approaching ResistanceCosmos (ATOM) technical analysis:
Trade setup : Price has bounced off of $8.50 support and broke back above $10 and $12 resistance as well as 200-day moving average. It also made a Higher High, which are all signs of bullish trend reversal. If it breaks above the down trendline, it could revisit $16.
Trend : Uptrend on Short- and Medium-Term basis and Neutral on Long-Term basis.
Momentum is Mixed as MACD Line is below MACD Signal Line (Bearish) but RSI > 55 (Bullish).
Support and Resistance : Nearest Support Zone is $12.00 (previous resistance), then $10.00. The nearest Resistance Zone is $16.00.
Atom is bearishIf we look at 4 hours and 1-day chart we have two opportunities. It can be bullish if it holds its value above 13.414 which seems impossible right now. The triangle pattern even if it's 4 hr or 1 day we see it bearish. Atom will accumulate its value between 8.46-9.6.
Trading Idea 021: CosmosMarket Conditions:
- trend reversal situation
- consolidation around the resistance
- bullish sentiment in the market
Key Level and Lines:
- $13.45 support
- downtrend line
Trading Ideas:
- go long after consolidation and reversal from the support
- go short if the price bounces from the resistance.
ATOM shows some weakness
ATOM was struggling to break the trendline resistance (black line).
While the breakout is still a question and depending much on the strengh of BTC, some sign of weakness in ATOM structure have already appeared.
Firstly, on 4H TF, ATOM is forming a double top patterns with bearish divergence on MFI indicator. Also, it is breaking the 4H trendline.
On higher TF, 1D and 2D, a bearish divergence can also be seen (see the below screenshot)
If market sentiment are no longer positive, one can consider this crypto for a Short.
WILL BINANCE DELIST EFFECT ATOM?Binance has announced that it will delist ATOM from its spot trading platform on January 27th, 2023. . we look at the short-term frame of what could change.
Holders of ATOM on Binance's spot trading platform have two options: they can either transfer their coins to a different wallet or sell them. The latter option may have an impact on the price action of ATOM. However, it is important to note that there are no guarantees on how the market will react, and it's important to consider all possibilities
The news is just new and not older than 1H.
When the same happened before at the beam, we did see a huge breakdown of over 30%
but still, this does not mean it should happen the same, this idea is only to get watch the trend.