ATOM
ATOM bearish sentimentSeptember has major catalysts for the crypto market as well as for the stock market.
The Ethereum merge on September 6th, that will end on Sept 20, the inflation report on September 13 and the next FOMC meeting afterwards with the new interest rates hike.
That is reflected in the crypto space in general as a bearish outlook.
ATOM is a cypto with a negative overall sentiment recently.
I have the following price targets:
ATOM/USDT
Entry Range: $11.40 - 12.10
Price Target 1: $10.45
Price Target 2: $9.65
Price Target 3: $8.80
Stop Loss: $13.40
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ATOM - BIG GAINS 💰Atom is almost at the end of its corrective wave. We are now anticipating the 5th wave, which should go below the end of Wave 3, hence why we want price to go below the structure.
Atom is offering one of the best returns. If we buy it at $4 and close at $40 , that's a 1000% return on your investment (atleast).
Trade Idea:
- Watch for price to go below the structure (below $6)
- Once we're there, look for bullish reversal signs such as trendline break, BOS etc.
- Targets: 20, 40, 60, HODL the rest
Goodluck and trade safe!
ATOM | Macro AnalysisHi guys! Please, support this idea and click the Boost button. Thank you!
Let's start with what COSMOS (ATOM) actually is.
Cosmos is a Proof-of-Stake Layer 0 blockchain, that solves the problems of Scalability, Usability, Sovereignty. In a nutshell, it's the base layer for other blockchains.
The Cosmos Network is a decentralised ecosystem of independent blockchains that can scale and connect with one another.
The world's most used framework for building blockchains is Cosmos SDK. Developers have built hundreds of blockchain projects on Cosmos, including BNB, CRO, RUNE, ROSE, OSMOS and many more. So, it's a fundamental, very solid project that have a bright future.
Now let's talk about price.
ATOM had a steady Uptrend from March 2020 to December 2021. This Impulse unfolded in 5 waves (black 1-5).
In February ATOM broke that Multi Year Uptrend and perfectly retested it in April. Rejection there kicked off the impulsive Wave 3 that took us down to $5.5
We're currently in a corrective wave (4) of that impulsive Wave 3. As we see the ‘Sell the Bounce’ Zone was perfectly touched this week. (Would be ideal to get a test of the 0.618 Fib and rejection there).
The last Wave down (5) is yet to get unfolded. I think it will take the price of ATOM to my Buy Zone between $3.5-4.9 (right where we have the 0.618 Fib from the low to high). That's my main buy zone for the Long term.
There's a stinky bid around that 0.786 Fib just in case. Would be sweet to buy ATOM that cheap.
A sneak peek of the Accumulation, New Uptrend & its Target (just my opinion)
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ATOM - Stoploss hunt is coming🚧Shib is awesome candidate for long since:
⭐️ BTC bearish
⭐️ Domination looks bullish
⭐️ We are in the end of formation
⭐️ Spread is getting lower
⭐️ 4th approach
⭐️ Seller appeared
⭐️ Stoplosses are close
⭐️ Volume increases at top
⭐️ 30 ATR
⭐️ Under VWAP
Will enter when price slowly squeezes to the levelon 5m timeframe, the base will form and the tape will get faster.
Fix profit by parts:
1% - 1/3
2% - 1/3, stoploss to breakeven
What's left, hold to the maximum
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ATOM- The Chart i Like to Buy Todaylooking to buy the small correction the past hours and ATOM looks like a good option.
Chart says it all. 12$ support, 11.50 I will be out (if)
The crypto that talks to other cryptos is gaining ground. link
Key points
Several factors, including bullish investment firm analysis, have pushed Cosmos's ATOM up.
Cosmos is an interoperability crypto that offers secure ways for blockchains to work together.
All cryptos carry risk and there could be more clouds on the horizon for the industry.
Why Cosmos is on the up
There's no obvious single reason for Cosmos's strong performance in recent days. However, there are a number of contributing factors that have given ATOM some momentum.
1. Bullish investment analysis
Global investment manager, VanEck, published an optimistic analysis of Cosmos and its potential in the coming years. It praised Cosmos's secure cross-chain bridging capabilities, which is a key issue in the crypto industry. Many blockchains operate as individual silos and have difficulty communicating with other networks. Cosmos is one of the interoperability cryptos that addresses this issue.
VanEck predicts that over 5,000 blockchains will be built on its network before 2030 because of Cosmos's "superior technology." The report says, "The Cosmos Hub's ATOM token is in a premier position to capture a substantial share of the public blockchain market's value, and we expect its price will perform according to this expectation."
2. Internet security is imminent
The VanEck report drew particular attention to something called "internet security." It essentially allows blockchains built in the Cosmos ecosystem to use the Cosmos Hub to secure themselves. A new blockchain can use the existing ATOM-backed blockchain to validate itself, rather than rely on its own -- less developed -- token and chain. According to the Cosmos roadmap, the first step toward launching internet security is due soon.
3. DeFi rumors
Finally, there's speculation on social media that some of the projects from the now-defunct Terra (LUNA) ecosystem will move to Cosmos. Several smart contract cryptos are competing to attract Terra applications. Terra was built using Cosmos technology, adding weight to rumors that some decentralized finance developers will move activities there. However, other blockchains, such as Polygon (MATIC) have launched specific funds to entice former LUNA apps.
Very interesting but let's follow the chart:
I would attempt to buy but under 11$ i would be out again..the market is still dangerous.
one Love,
the FXPROFESSOR
WOJAK 103 🧐 - ONE Market but MANY ChartsHello Wojaks and no Wojaks,
for he terminology here and given that i want to offend nobody:
Wojaks between you are the 'i never post but i know everything in the comments' area.
Watch this third episode, it's an intro to Hedging and a great pass from me to you to start think differently.
Hope you like it (and I hope you are not a Wojak).
One Love,
the FXPROFESSOR
ATOMUSD major bullish break-out. 1D MA200 left.Cosmos (ATOMUSD) has been trading within a Channel Up pattern since the June 18 2022 Low and on Monday started the new rebound leg to the Higher Highs (top) trend-line, exactly on the 1D MA50 (blue trend-line), confirming it as the new medium-term Support.
By doing so, it broke above a major Resistance, the Lower Highs (2) trend-line (dashed line). The next in line is the 1D MA200 (orange trend-line), which is untouched since the April 04 rejection.
Notice that among all this, the 1D MA50 crossed above the 1D MA100 (green trend-line) forming a Bullish Cross, while the Ichimoku Cloud turned green and is supporting right below the price action. The last time this set of events happened, was on August 22 2021, exactly when a massive parabolic rally was starting on ATOM.
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ATOM/USDT: Strong bullish momentum on going---- Mid-term Analysis for the next coming 4 weeks to 3 months - Daily on Daily Chart (LOG)-------
ATOM/USDT: Strong bullish momentum on going
Context
- The Global Crypto market leads by BTC and ETH reversed up drawing a new bullish trend - ATOM is one of the coin outperforming the ETH
- We are watching at 13,90 as resistance to re-integrate to provide a clear recovery signal in parallel of 2170 ETH
- Watch 8,70 as key Tactical support
Market configuration
- Graphical Elements :
Graphical Resistance = 20,10 & 44,80
Graphical Support = 8,70 & 5,50
- Mathematical Indicators:
EMA ( Exp Moving averages) are now support at 10,70 = Bullish
RSI indicator (below) is now above 50% = Bullish
- Elliot & Harmonic Wave (Fibonacci):
Fibonacci Target (C) B has been already reached = 5,50
Fibonacci resistance of the wave in progress = 1,90
Fibonacci support of the wave (ii) = 8,70
Fibonacci Bullish Target = 16,70 and 20,10
Conclusion
Preferred case => As long as 8,70 remains support we are looking to buy the dip in the buying area (10,70) in order to test and then surpass 13,90, before opening a further rise towards 16,70 and 20,10
NOTE: ATOM is actually outperforming ETH - We consider ATOM as a relevant coin to keep in portfolio
ATOM- Cosmos Fundamentals demand our attention!The crypto that talks to other cryptos is gaining ground. link
Key points
Several factors, including bullish investment firm analysis, have pushed Cosmos's ATOM up.
Cosmos is an interoperability crypto that offers secure ways for blockchains to work together.
All cryptos carry risk and there could be more clouds on the horizon for the industry.
Why Cosmos is on the up
There's no obvious single reason for Cosmos's strong performance in recent days. However, there are a number of contributing factors that have given ATOM some momentum.
1. Bullish investment analysis
Global investment manager, VanEck, published an optimistic analysis of Cosmos and its potential in the coming years. It praised Cosmos's secure cross-chain bridging capabilities, which is a key issue in the crypto industry. Many blockchains operate as individual silos and have difficulty communicating with other networks. Cosmos is one of the interoperability cryptos that addresses this issue.
VanEck predicts that over 5,000 blockchains will be built on its network before 2030 because of Cosmos's "superior technology." The report says, "The Cosmos Hub's ATOM token is in a premier position to capture a substantial share of the public blockchain market's value, and we expect its price will perform according to this expectation."
2. Internet security is imminent
The VanEck report drew particular attention to something called "internet security." It essentially allows blockchains built in the Cosmos ecosystem to use the Cosmos Hub to secure themselves. A new blockchain can use the existing ATOM-backed blockchain to validate itself, rather than rely on its own -- less developed -- token and chain. According to the Cosmos roadmap, the first step toward launching internet security is due soon.
3. DeFi rumors
Finally, there's speculation on social media that some of the projects from the now-defunct Terra (LUNA) ecosystem will move to Cosmos. Several smart contract cryptos are competing to attract Terra applications. Terra was built using Cosmos technology, adding weight to rumors that some decentralized finance developers will move activities there. However, other blockchains, such as Polygon (MATIC) have launched specific funds to entice former LUNA apps.
Very interesting but let's follow the chart:
I would attempt to buy but under 11$ i would be out again..the market is still dangerous.
one Love,
the FXPROFESSOR
ATom Hello, I'm very happy to be another day and can enjoy life, I had an analysis on the atom that I wanted to share with you. After breaking the trend line, I think he wants to have a retest to the failure area and go for a professional drop base... Of course, friends, when testing the failure area, pay attention to the momentum. I like you