atom usdtthe crypto market is bearish and it is time to turn from bullish to bearish. Here is the analysis of ATOM ( COSMOS).
ATOMUSD trade ideas
Grade-A GainsThe A's are the winners in the corporate and crypto worlds
ATOM is the latest portfolio gem with an amazing chart. On the verge of a breakout run, price can tag the top of the channel at $60. If it has some time to chew up some time consolidating than $90 becomes the top of that channel. Additionally, ATOM offers attractive APR staking yields from 6% to 9%, depending on which exchange.
ALGO had a similar setup not too long ago.
Recently ALGO followed through with the expected breakout and likely needs to cool off before tapping that $3 to $4 area at the top of the channel.
ADA is another. Abundant gains with a decent APR staking yield currently at 4.91% on Exodus wallet. Recently breaking to new highs, ADA has every reason to take another leg up. Although under $3 is a steal, the chart structure doesn't give any clues to technical price targets yet. All in all, I see ADA having more upside in the coming years than ETH.
Ethereum is looking awful. The double top is concerning and that MACD divergence is not helping.
While we are at it. Bitcoin is also in a pickle with the MACD weak while price is rising to either a double top, or a higher high which is even worse. This would lock in a major MACD divergence, paving the way to a dump right after a false break to new highs. Price needs to grind sideways for a healthy set up to continue.
Similar to how Gold is.
We all know the DXY has some inverse correlation to these assets. Here's what it would look like if there was a major crypto dump. The DXY would break to new lows causing extreme bearishness. Soon after catapulting into a fresh bull run.
ATOM On Wave 4 Correction41.50 is likely support if this is wave 4. Soon we can see a push up toward $50 for wave 5
(ATOM) On the road to 100 USD ? 📈Hello everyone !
Today H₿ Capital is analyzing Cosmos (ATOM) based on a Weekly chart 📈
What we can see :
- Prices navigate in an ascending channel which is working perfectly since 2019.
- Back in December 2021, prices landed on the lower line of our channel, but, immediately rebounded to the 43$ area where our main resistance is (previous ATH)
- Spreads are near to zero despite the last bullish movement, so people seems to be neutral, which is a good point for bulls.
- There is a nice fib levels convergence.
- Despite this last big moves, we can identify a potential double top on prices and a bearish div on the RSI (wait for the closing time period).
What we can expect :
- If ATOM manages to break the 43$ resistance, then we can expect prices to reach the top of the channel.
- If ATOM failed to break the 43$ resistance level and the double top is confirmed (+ RSI bearish div), then we can expect prices to reach the lower line of the channel (very last support)
Resistances : 43$ (ATH) + Top of the channel
Supports : MM20 / MM50 / Support area / Lower channel
TP1 : 57$ (1.618)
TP2 : 85$ (2.618*)
TP3 : 116$ (3.618)
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MAY THE CRYPTO BE WITH YOU GUYS (D.Y.O.R)
Update: Cosmos (ATOM) broke volume resistance - looking strongCosmos (ATOM) broke volume resistance - still looking strong.
A conformation also given by the breakout on RSI short-term resistance.
But RSI also slightly oversold.
Why is ATOM so strong against other Cryptos - what do you think? 😎
Drop me a nice comment if you'd like me to analyze any other cryptocurrency or do another comparison.
*not financial advice
do your own research before investing
Cosmos Rebuy Zones- Everything is mostly depending on TheKing but some projects like Cosmos have been super bullish.
- i won't talk about Cosmos Network FA but this project like to be as peacemaker.
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Trade Plan
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- Buy : 20$ ish
- Rebuy : 16$ ish
- TP : 59$ ish
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- Stop : 13.8$
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- i don't show Fibo too keep this graph clean but 16$ is around 78.6% + ichimoku Weekly Support.
- Manage your entries and your exit points, don't be greedy, and follow TheKing.
Happy Tr4Ding !
ATOMUSD bounced off the 38.2 fib retracement levelATOMUSD could be looking to breakout and retest ATHs for the second time this week. The fib retracement back to the 38.2 and a strong bounce is typically a bullish indicator during a period of fast growth. Looking for continued volume and the MACD to show signs of a reversal.
ATOM Long Entry with Huge Buy Pressure !ATOM has done a great job with a huge breakout of the accumulation range with big buying volumes and crossover on the MACD to the upside.
Now, its showing some signs of PULLBACK from the resistance zone @ 28.8
We used fib level 0.618 to define a good LONG ENTRY to catch the retracement wave for a BOUNCE @ 26.351, where the 3 EMAs can also serve as support confluence.
TP can be at the major resistance @ 32.858
SL at 23.36, slightly below the triple EMA 50,100,200 on the 4H
ATOMUSD looking to continue to break out and test ATHThe ATOM/USD pairing had a fib retracement that tapped within the golden pocket ranges and a quickly ran up shortly after. We just saw another retracement on the second run to the 23.6% fib levels which could lead to another break out and potentially retesting ATH's from earlier in the year.
Atom up 45% weekly close$COSMOS $ATOM rebound from the drop from ATH. Broke the .618 fib and looking strong. Looking for target of $34to $36.
Daily Look
4H looking to retrace
Cosmos ($ATOM) FIBCosmos ($ATOM) FIB: $ATOM oscillators giving a clear signal that mini-pump is on its way. $ATOM could touch $42.055
Cosmos (ATOM) broke volume restistance - looking strongCosmos (ATOM) broke volume restistance - looking strong
A conformation also given by the breakout on RSI short-term resistance.
What do you think? 😎
Drop me a nice comment if you'd like me to analyze any other cryptocurrency or do another comparison.
*not financial advice
do your own research before investing
Follow Up: ATOMUSD looking to continue to break out and test ATHWe ended up seeing two strong green candles after tapping the 23.6% fib retracement level which led to a small breakout as predicted. ATOM was able to top the previous high set on 1/1/22 and if continued volume comes in we could see ATOMUSD test ATHs. The RSI is not showing ATOMUSD as oversold on the 4H or daily chart and the MACD is still showing bullish momentum.
ATOM SKYROCKETING BACK to NOVEMBER LEVELS.The Cosmos coin has been very strong in recent days, considering the overall weakness of the market.
Investors are increasingly eager to invest in this project, which helps connect data from different blockchains, and thus is critical for further adoption.
On a technical standpoint, it has still 25% left to make a new ATH. A lot of supply on the way which might hinder for some time a new uptrend.
Let me know your thoughts.
Thank you and good trading!
Bullish on #ATOM for $75. I am bullish on $ATOM $ATOM #ATOMUSDBullish on #ATOM for $75 next
Aladdin is bullish
Ichi is bullish
Potential accumulation as seen from volume
Next $75 is a target
I am bullish on $ATOM. #ATOM
2 Reasons why ATOM will go up, not down Everything's on the chart :)
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When some coin want to go down there's no reasons
it shows hint unless it's a trap :P but that's like 10% that it happen
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Feel free to comment+feedback
Happy & safe trading!
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DYOR for fundamental..
ATOM at a major resistance and danger of "Lower High" peakATOM has been quite strong but now at a key resistance.
First and most dangerous zone for possible "lower high".
Above are a few more hurdles before new ATH thoughts.
Plotted here are 3 fib series from different timeframes.
Thick lines are very high timeframe and most important.
Red lines are local wave down, and gold+blue the bounce.
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I do not use "Fibs" in the "traditional" manner (retracements).
I use Fibs to plot "Ripples" (extensions) created by "Impulses".
Then look for "Confluences" to map the "interference Pattern".
My TV collection of ideas detailing the Concepts:
Chapter 1: Introduction and numerous Examples
Chapter 2: Detailed views and Wave Analysis
Chapter 3: The Dreaded 9.618: Murderer of Moves
Chapter 4: Impulse Redux: Return to Birth place
Chapter 5: Golden Growth: Parabolic Expansions
Chapter 6: Give me a ping Vasili: 'one' Ping only
Chapter 7: The Mighty 2.618: like a Rook in Chess
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ATOM Long CallATOM Seems like going on Bull run, Completing XABCD Pattern perfectly. Crossing the resistance line will ensure it goes crazy high, however, if resistance tested, can be used as short point.
$ATOM the internet of blockchains is awakenedStrong volume and a break of key resistance. BTC pair looking even better. ATOM is one of the few L1s that did not make a wild run in 2021, could this be the moment for atom to reach $200 and beyond?
No MercyBag holder season is in full swing, The tribal bulls are pledging their allegiance to their favorite shit coins at record pace, Convictions in crypto are only high while prices are...watch how fast the sheep switch up when they start losing.
