ATOMUSD
Cosmos Hub (ATOM) - May 9hello?
Welcome, traders.
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(ATOMUSDT 1W Chart)
Above 17.65: Expected to create a new wave.
If it falls below the 11.38-13.76 range, it is highly likely to enter the mid- to long-term investment area, so careful trading is required.
Therefore, a rise above 17.65 is an important spectating point.
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** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume.
However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator.
** The MRHAB-T indicator used in the chart is an indicator of our channel that has not been released yet.
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
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Cosmos Hub (ATOM) - April 26hello?
Traders, welcome.
If you "follow", you can always get new information quickly.
Please also click "Like".
Have a nice day.
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(ATOMUSDT 1D Chart)
The 17.65-20.06 section is an important support section.
Therefore, it is necessary to check if the 17.65-20.06 section can support and rise.
A move above 31.45 is expected to result in a sharp move.
------------------------------------------------------------ -----------------------------------------------------
** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume.
However, for convenience, we are talking in reverse for the interpretation of the indicator.
** The MRHAB-T indicator used in the chart is an indicator of our channel that has not been released yet.
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
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Moment of truth for $ATOM$ATOM has been down trending for several weeks, forming a descending triangle. Now price reached support at $23.5 but everything is in $BTC hands.
If you look at the RSI you can see a bullish divergence forming but this is not enough, waiting for more conformations.
I will only go long after a bounce from support with bullish volume followed by a breakout of the triangle's resistance!
I will only go short if price broke below support with huge selling volume:
Be reactive not predictive :)
ATOM Bullflag Still in PlayOn the left we can see a more zoomed in version of the ATOM chart (weekly timeframe) and it shows how price continually forms support areas around the top and middle of the channel
This strengthens the possibility of a successful bullflag
On the right the bullflag is seen more evidently (in the triangle), this triangle is out of the clearest Fib circle which makes me assume a new run is coming.
ATOM/USD Developing the Space of Cosmos - 1 month ChartThis is a real time from the beginning demonstration of me developing a chart. I start with the whole being and whichever time frame houses it well. Here it was 1 month. I normally do this while watching the news or listening to NPR or BBC live stations. Here I am listening to the live Miami Bitcoin Conference.
ATOM⚛️ triangle breakout 2Cosmos broke up this triangle📐 and I think there is chance for run to 52.9 and even higher. Setting BUY LIMIT order to previous range high to catch🎣 the pullback.
ENTRY : local high @ 31.7
STOPLOSS (SL) : local low @ 27.7
TARGET (TP) : height of the triangle projected from midpoint of the local range (BUY LIMIT - STOPLOSS) @ 52.9
REWARD RISK RATIO (RRR) : 5.3
INVALIDATION : when SL level hit
ETH should be stronger than BTC , so ALTs should be good to go:
Check my other stuff in related ideas.
Please like👍, comment🗣️, follow me✒️, enjoy📺!
⚠️Disclaimer: I'm not financial advisor. This is not a financial advice. Do your own due dilingence.
Cosmos Hub (ATOM) - April 6Hello?
Traders, welcome.
By "following", you can always get new information quickly.
Please also click "Like".
Have a good day.
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(ATOMUSDT 1W Chart)
Above 27.51 is the high point section.
Therefore, you should always be on the lookout for volatility.
The 30.41-34.0 interval is the interval that determines the trend.
Therefore, it is expected that the trend will continue in the direction out of the 27.51-35.53 interval.
When passing around 23.21 and 39.80, there is a possibility of a fake, so you need to trade cautiously.
(1D chart)
(buy)
- After confirming the support in the section 30.41-31.45
(Stop Loss)
- When it falls below 27.51
(Sell)
- When resistance is received in the section 34.0-35.53
- When resistance is received in the 38.66-39.80 section
If it rises above the 38.66-39.80 section, it is expected to renew ATH.
------------------------------------------------------------ -----------------------------------------------------
** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator will move accordingly as price and volume move.
However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator.
** The MRHAB-O and MRHAB-B indicators used in the chart are indicators of our channel that have not been released yet.
(Since it was not disclosed, you can use this chart without any restrictions by sharing this chart and copying and pasting the indicators.)
** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line)
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
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ATOM M PATTERN FORMINGIn a monthly chart we already finished 1-5 Elliot wave, on a weekly ABC correction. going trough lower time frames we saw market starting to form M Pattern in 1h time frame. right now market started consolidating in a 50% fib and institutional zone and since we saw ABC correction we should see bounce to the top of M pattern and after that retrace back to the bottom.
Entry: We can enter now 30.63 or wait for a retracement to a buy zone at 30.
Invalidation: 29.5 (Just below buy zone)
Target 1: 33 (Top of M pattern, and a sell zone indicated by institutional candle)