ATOMUSDT
ATOM/USDT Secondary trend (part). Symmetrical triangle.Logarithm. Time frame1 day. Part of the secondary trend (right shoulder area).
A rather significant symmetrical triangle has formed over several months. The price is almost in the very corner. The denouement should occur in the near future (from the trend position). The price is almost in the very corner of the figure. The areas of the reversal levels are marked in yellow and the percentages of them. I don't recommend to work inside the formation at the moment (final phase of its formation), but to wait for the outcome, i.e. a breakdown, and better yet a pullback after the breakdown and confirmation of the reversal.
Fundamentals and the distribution of coins by price between market participants are initially "different purse."
I would also add, it is fundamentally one of the most promising blockchains and one of the cryptocurrencies in speculative terms with the most unfair competition. Consequently, always limit the potential losses in your work. For you super losses, for someone this price will be the most inadequate profit.
This is what this triangle looks like on a line chart.
The entire secondary trend. Time frame 1 week
ATOM/USDT Secondary trend. Right shoulder area
The main trend. Time frame 1 week.
ATOM: Channel UpTrade setup : Price broke above $10.00 resistance to signal continuation of an Uptrend with upside potential to $13.00. Price is trading in a Channel Up pattern. Swing traders: can enter near Channel support trendline (~$10) and exit near Channel resistance trendline (~$13). Stop Loss (SL) at $9.50. Previously, price broke above 200-day moving average to confirm a bullish trend reversal to an Uptrend.
Pattern : Price is trading in a Channel Up pattern. With emerging patterns, traders who believe the price is likely to remain within its channel can initiate trades when the price fluctuates within its channel trendlines. With complete patterns (i.e. a breakout) – initiate a trade when the price breaks through the channel’s trendlines, either on the upper or lower side. When this happens, the price can move rapidly in the direction of that breakout.
Trend : Uptrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Mixed as MACD Line is below MACD Signal Line (Bearish) but RSI > 55 (Bullish).
Support and Resistance : Nearest Support Zone is $10.00 (previous resistance), then $8.50. The nearest Resistance Zone is $13.00.
ATOM: Channel UpTrade setup : Price broke above $10.00 resistance to signal continuation of an Uptrend with upside potential to $13.00. Price is trading in a Channel Up pattern. Swing traders: can enter near Channel support trendline (~$10) and exit near Channel resistance trendline (~$13). Stop Loss (SL) at $9.50. Previously, price broke above 200-day moving average to confirm a bullish trend reversal to an Uptrend.
Pattern : Price is trading in a Channel Up pattern. With emerging patterns, traders who believe the price is likely to remain within its channel can initiate trades when the price fluctuates within its channel trendlines. With complete patterns (i.e. a breakout) – initiate a trade when the price breaks through the channel’s trendlines, either on the upper or lower side. When this happens, the price can move rapidly in the direction of that breakout.
Trend : Uptrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Mixed as MACD Line is below MACD Signal Line (Bearish) but RSI ~ 50 (Neutral).
Support and Resistance : Nearest Support Zone is $10.00 (previous resistance), then $8.50. The nearest Resistance Zone is $13.00.
🌌⚙️ ATOM/USDT Resistance Rejection and Support Analysis 🔄📉ATOM (Cosmos) has recently encountered a resistance level at $12.00, experiencing a rejection that prompted a retracement to the $10.00 - $10.50 support zone. Here's a breakdown of the key analysis:
Key Points:
Resistance at $12.00: ATOM faced resistance at the $12.00 level, resulting in a pullback. This level is now a critical point to monitor for potential breakthrough or rejection.
Retracement to Support Zone: The price retraced to the support zone around $10.00 - $10.50, indicating a crucial area where buyers might intervene.
Potential Breakthrough: If ATOM manages to turn $12.00 into support, it could signify renewed bullish momentum, potentially leading to a test of $13.50.
Cosmos is looking greatCosmos (ATOM) is positioned for a great move. This is a 3W chart so it will take several months to play out. I'm accumulating below $10.50 preferably any dips to 9.50-9.90 range. My first target is $20 and my second target is $32 dollars. This is not a financial advice please DYOR.
ATOM: Channel UpTrade setup : Price broke above $10.00 resistance to signal continuation of an Uptrend with upside potential to $13.00. Price is trading in a Channel Up pattern.
Swing traders: can enter near Channel support trendline (~$10) and exit near Channel resistance trendline (~$13). Previously, price broke above 200-day moving average to confirm a bullish trend reversal to an Uptrend.
Pattern : Price is trading in a Channel Up pattern. With emerging patterns, traders who believe the price is likely to remain within its channel can initiate trades when the price fluctuates within its channel trendlines. With complete patterns (i.e. a breakout) – initiate a trade when the price breaks through the channel’s trendlines, either on the upper or lower side. When this happens, the price can move rapidly in the direction of that breakout.
Trend : Uptrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Bullish (MACD Line is above MACD Signal Line and RSI is above 55).
Support and Resistance : Nearest Support Zone is $10.00 (previous resistance), then $8.50. The nearest Resistance Zone is $13.00.
ATOM/USDT Breakout the key resistance area. Bullish Momentum ?💎 ATOM has been a major point of focus in the market, recently achieving a breakout from a resistance area. It's now in the midst of a retesting phase at what was previously a resistance level, now serving as support. There's a strong probability that ATOM could resume its upward trajectory towards a significant resistance area following this retesting phase.
💎 However, should ATOM struggle during the retesting phase at the support level, it might suggest a false breakout. In such a case, ATOM could potentially revert to the demand area.
💎 Upon returning to the demand area due to a false breakout, it becomes crucial for ATOM to demonstrate a strong recovery. A robust bounce from this demand level is necessary for ATOM to attempt to reclaim the resistance area and continue its upward movement.
💎 If ATOM only consolidates at the demand level without a significant bounce, it risks losing this crucial support zone. This could lead to a shift back to a bearish trend for ATOM, potentially resulting in a downward movement towards the key support area.
ATOMUSDT Idea - COSMOS vs TETHERHey Traders.. No Comment!!
BINANCE:ATOMUSDT BINANCE:ATOMUSD COINBASE:ATOMUSD
⚠️ Disclaimer: The viewpoints shared represent my individual outlook on the market, based on publicly accessible information and historical data. While a portion of these opinions is influenced by my actual trades, others are not. It's important to note that I am not a financial advisor, and I do not assume any responsibility for the decisions you make in your trading activities.
✅ Feel free to share your inquiries or suggestions in the comments. I am more than willing to assess and analyze any cryptocurrency, forex currency pair, or stock index that piques your interest, so, Please don't hesitate to ask or mention the specific currency chart you'd like me to review.
🌌 Cosmos (ATOM) Analysis: A Complex Journey Unfolding! 🚀The chart analysis of Atom, or Cosmos, presents a visually intricate scenario. On the daily chart, we've recently witnessed the completion of Wave 2. This structurally aligns with a larger 1, 2, 3, 4, 5 wave pattern. This, in turn, is part of a broader five-wave structure. Currently, Cosmos doesn't seem to offer an opportune entry point. I anticipate Atom to complete Wave 3, reaching approximately $13.50, and subsequently forming Wave 4. Once weakness appears in Wave 3, signaling a potential Wave 4, I'll issue a limit order. As of now, entering this trade doesn't seem favorable due to elevated risk. Stay tuned for potential entry opportunities. 🌌🚀
ATOM: Channel UpTrade setup : Price broke above $10.00 resistance to signal continuation of an Uptrend with upside potential to $13.00. Price is trading in < a Channel Up pattern. Swing traders: can enter near Channel support trendline (~$10) and exit near Channel resistance trendline (~$13). Previously, price broke above 200-day moving average to confirm a bullish trend reversal to an Uptrend.
Pattern : Price is trading in a Channel Up pattern. With emerging patterns, traders who believe the price is likely to remain within its channel can initiate trades when the price fluctuates within its channel trendlines. With complete patterns (i.e. a breakout) – initiate a trade when the price breaks through the channel’s trendlines, either on the upper or lower side. When this happens, the price can move rapidly in the direction of that breakout.
Trend : Uptrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Bullish (MACD Line is above MACD Signal Line and RSI is above 55).
Support and Resistance : Nearest Support Zone is $10.00 (previous resistance), then $8.50. The nearest Resistance Zone is $13.00.
ATOM: Resistance BreakoutTrade setup : Price broke above $10.00 resistance to signal continuation of an Uptrend with upside to $13.00. Previously, price broke above 200-day moving average to confirm a bullish trend reversal to an Uptrend.
Trend : Uptrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Bullish (MACD Line is above MACD Signal Line and RSI is above 55).
Support and Resistance : Nearest Support Zone is $8.50 (previous resistance), then $7.50. The nearest Resistance Zone is $10.00, which it broke, then $13.00.
ATOM: Approaching ResistanceCosmos (ATOM) technical analysis:
Trade setup : Price broke above the 200-day moving average and $8.50 key level, which confirmed an Uptrend, and reached our target of $10.00. Now we wait for price to either 1) break above $10.00 to signal continuation of an Uptrend with upside to $13.00, or 2) pull back near $8.50 support, which could be an attractive swing trade entry in Uptrend with upside potential back to $10.00.
Trend : Uptrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Mixed as MACD Line is below MACD Signal Line (Bearish) but RSI > 55 (Bullish). MACD Histogram bars are rising, which suggests that momentum could be nearing another upswing.
Support and Resistance : Nearest Support Zone is $8.50 (previous resistance), then $7.50. The nearest Resistance Zone is $10.00, then $13.00.
One other move to high-leveh (ATOM)❤️❤️Thanks for boosting 🚀 and supporting us!
📈Breaked trendline and wait to pollback to breakeven zone for start new leg for new high-price.
📊 (Buy) : 9.74
🔴 Stop Loss : 9.32
🎯 Take Profit : 10.18 - 10.53 - 11.18
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👨🎓 Experience and Education: Our trading team has five years of experience in financial markets, especially cryptocurrencies.
ATOM: Approaching ResistanceCosmos (ATOM) technical analysis:
Trade setup : Price broke above the 200-day moving average and $8.50 key level, which confirmed an Uptrend, and reached our target of $10.00. Now we wait for price to either
1) break above $10.00 to signal continuation of an Uptrend with upside to $13.00, or
2) pull back near $8.50 support, which could be an attractive swing trade entry in Uptrend with upside potential back to $10.00.
Trend : Uptrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Mixed as MACD Line is below MACD Signal Line (Bearish) but RSI > 55 (Bullish).
Support and Resistance : Nearest Support Zone is $8.50 (previous resistance), then $7.50. The nearest Resistance Zone is $10.00, then $13.00.
ATOM/USDT Poised for Bullish Flag Breakout? 👀 🚀Atom Today Ana💎 Paradisers, turn your attention to ATOMUSDT as it exhibits a promising pattern. It's currently following a bullish flag trajectory, signaling a high probability of an upward breakout.
💎ATOM has shown a tendency to follow a descending channel, breaking above it to embark on an upward movement. Presently, ATOM is on the verge of breaking out of a bullish flag pattern, suggesting a significant opportunity for a bullish movement. If this upward trend continues, ATOM is set to target the resistance at $10.453, with potential to escalate further to challenge higher resistance levels at $12.922.
💎 For the astute Paradisers, timing is key in leveraging this scenario. It’s crucial to identify the most advantageous entry points during this anticipated rise, while also being mindful of avoiding entry at the peak of the market. Additionally, for #Atom, be prepared for a potential bullish rebound from the support level of $7.566, especially after surpassing the support at $8.136. However, a fall below this support level might indicate difficulties in sustaining the bullish trend.
💎 In this dynamic and constantly evolving market, strategic planning and intelligent decision-making are paramount. Developing a comprehensive trading strategy that encompasses sound money management and a thorough understanding of support and resistance levels is vital for achieving successful trading results. 🌴💰.
ATOM/USDT - Cosmos: TrendLine Touch◳◱ On the $ATOM/ CRYPTOCAP:USDT chart, the Trendline Touch pattern suggests an upcoming trend shift. Traders might observe resistance around 10.423 | 11.48 | 13.439 and support near 8.464 | 7.562 | 5.603. Entering trades at 8.658 could be strategic, aiming for the next resistance level.
◰◲ General info :
▣ Name: Cosmos
▣ Rank: 27
▣ Exchanges: Binance, Kucoin, Bybit, Huobipro, Gateio, Mexc
▣ Category/Sector: Infrastructure - Smart Contract Platforms
▣ Overview: Cosmos is a network of sovereign blockchains that communicate via IBC, an interoperability protocol modeled after TCP/IP, for secure data and value transfer. The Cosmos Hub, also known as "Gaia," is a proof of stake chain with a native token, ATOM, that serves as a hub for IBC packet routing among blockchains within the Cosmos network. The Cosmos Hub, like the majority of blockchains in the Cosmos network, is secured by the Byzantine Fault-Tolerant (BFT) Proof-of-Stake consensus algorithm, Tendermint.
◰◲ Technical Metrics :
▣ Mrkt Price: 8.658 ₮
▣ 24HVol: 36,146,575.492 ₮
▣ 24H Chng: -2.489%
▣ 7-Days Chng: -10.47%
▣ 1-Month Chng: 22.97%
▣ 3-Months Chng: 20.01%
◲◰ Pivot Points - Levels :
◥ Resistance: 10.423 | 11.48 | 13.439
◢ Support: 8.464 | 7.562 | 5.603
◱◳ Indicators recommendation :
▣ Oscillators: NEUTRAL
▣ Moving Averages: STRONG_SELL
◰◲ Technical Indicators Summary : SELL
◲◰ Sharpe Ratios :
▣ Last 30D: 5.02
▣ Last 90D: 1.23
▣ Last 1-Y: 0.01
▣ Last 3-Y: 0.72
◲◰ Volatility :
▣ Last 30D: 0.63
▣ Last 90D: 0.52
▣ Last 1-Y: 0.58
▣ Last 3-Y: 1.20
◳◰ Market Sentiment Index :
▣ News sentiment score is N/A
▣ Twitter sentiment score is 0.61 - Bullish
▣ Reddit sentiment score is 0.69 - Bullish
▣ In-depth ATOMUSDT technical analysis on Tradingview TA page
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◲ Disclaimer
Please note that the information and publications provided are for informational purposes only and should not be construed as financial, investment, trading, or any other type of advice or recommendation. We encourage you to conduct your own research and consult with a qualified professional before making any financial decisions. The use of the information provided is solely at your own risk.
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