ATOBTC trade ideas
ATOMBTC Bullish PatternATOM has broke up the resistance zone in both ATOMUSDT and ATOMBTC pairs. We may have a pullback.
Cosmos Building Up Momentum | Next Target At 77%+Cosmos (ATOMBTC) is gaining momentum which can lead to another big jump in prices.
The decisive point right now is the orange line on the chart.
Above this line, we can see ATOMBTC flying up.
Below this line, we can see ATOMBTC moving lower and testing support.
ATOM Chart Signals
As for the chart signals...
We have 8 consecutive green candles.
Very strong RSI.
MACD positioned to make a big jump.
Trading above our main resistance indicators (EMA10,50,100).
Altcoins market bullish & growing.
We are likely to move higher...
Thanks a lot for your continued support.
Previous analysis:
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Namaste.
ATOM ready to breat outATOM / BTC
Exchange : #BINANCE
Buy : 5370
Targets :
Tp 1 : 5750 (7%)
Tp 2 : 6230 (16%)
Tp 3 : 6700 (25%)
Stop loss zone : 4920 ~ 4900
Atom/btc Bullish Reversal Zone is On......ATOM/BTC IS TRYING HARD TO PUMP AGAIN.
1. After the Trend Reversed, Atom Climbs 3 Times and every time Sma was Curving through the downside edges of candles.
2. The trend is reversed again and Sma is again on the downside edges of daily candles.
3. Targets are mentioned in the chart that could reach in 24-48 hours TFrame.
If you do like the chart, plz hit the like button.
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ATOM is starting to be healthy againAfter all so far, the ATOM bulls fought back hard since it began its life on Binance. This, plus the technical bull market, is a very good sign.
ATOMBTC V FractalObvious uptrend, if breakout occurs regression trend may be altered, however the trend is quite strong with a value of 0.94, which may lead to a double top.
ATOM/BTC TA Update (Bull Market?)ATOM/BTC
ATOM is on a strong uptrend with a series of Higher Highs and Higher Lows. Yesterday, it officially entered a Bull market after the 50 Day MA and 200 Day MA cross up.
If ATOM can find new support and build a new Higher Low between 4800 sats, a strong leg up is expected to reach the 0.618 Fib resistance.
ATOMUSDT [Watchlist] : Bullish Structure FormationThe price action for BINANCE:ATOMUSDT (on the left side) is currently forming a bullish structure while facing a strong resistance around the 4.013 area after a first attempt on 11th-12th November which resulted in a false breakout. When looking backward, traders may notice a bullish structure formation initiated by a double bottom in September. This should attract traders' attention in a context where the market is within a bearish trend.
Overview : since the double bottom on Sept 05th and Sept 24th, the price action has made higher lows (in green on the chart) along the way. After a nearly 40% correction ended in Nov 22th, the price action found buyers in the 2.6 area (last higher low).
ATOMUSDT-ATOMBTC Convergence : traders may notice a convergence by looking at the price action for BINANCE:ATOMBTC (on the right side) which demonstrates the same bullish structure noticed in the BINANCE:ATOMUSDT price action.
Risk management : given the overview, two options can be taken by traders.
1st option : traders may for a second retest of the previous support (i.e. 3.569 area) to take position. In that case, traders should place pending order along with a tight stop loss below the support.
2nd option (preferred one) : trader may wait for a breakout of the 4.013 resistance followed by a pullback to take position. In that case, an alert should be set for the crossing up of the price action.
My Trading Principles :
- Risk/Reward ratio : since it is difficult to predict every market movement, it is suggested for traders to only look for trades with a R/R ratio of at least 1:3.
- Stop loss : in addition of the initial stop loss, if the price actually goes as predicted, traders should keep a trailing stop to keep some profit.
- Position Sizing : it is suggested for traders to stick to their position sizing strategy. As a rule of thumb, most retail investors risk no more than 2% of their investment capital on any one trade.
"Remember, plan the trade, trade the plan. Build that discipline."
I will keep updating this trade according to the future price action.
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ATOM looking bullish. Clear supply zone on the 1hr time frame noted by the green box.
MACD flipping bullish.
Strong support found on 200EMA.
Volume picking up.
High probability of breaking resistance noted by the yellow box.
Good buy after retest.
Long!
ATOM/BTC (Up to 86% Profit Target)ATOM/BTC
Market structure is going up so we must trade
with the stronger dominant trend which is Bullish.
Highlighted below is the potential strong support
or next Higher Low to be established.
Trade setup
Buy area: 4000 Sats - 3600 Sats
Sell target: 5000 Sats - 7000 Sats
Stop loss: 3030 Sats
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ATOM/BTC hot cup and handle reversal patternBINANCE:ATOMBTC this coin has some potential reversal pattern forming. Waiting for breakout and retest. Target is 50% gain and 20% drawback. Don't forget to like and share with your friends.
Cosmos; Temporary weakness or reversal ?ATOMBTC / Cosmos is testing 1.618 Trend based Fib Extension, and daily candlestick looks like a 'Hanging Man' Candlestick Pattern,( Bearish Reversal),
but the day is not over , so we can not comment this candlestick.
We can also see potential RSI Bearish Divergence.
If this market is bullish, the price should reach 0.000566 .
Watch the market.
Disclaimer:
We are not registered or licensed in any jurisdiction whatsoever to provide investing advice or anything of an advisory or consultancy nature,
and are therefore are unqualified to give investment recommendations.
Always do your own research and consult with a licensed investment professional before investing.
This communication is never to be used as the basis of making investment decisions, and it is for entertainment purposes only.
Cosmos (ATOM): The Next HurdleOur favorite altcoin Cosmos (ATOM) is now in an uptrend. The last time we suggested taking some profits and buying a dip, there was no dip, and ATOM just took off.
ATOM is once again moving into a resistance zone that might make us think it's overbought. There is substantial resistance at 5151. That level was the point of a prior breakdown in July and major reaction lows in May and June.
Bottom Line: If Cosmos can break through 5151, a rally back to the highs is possible. If you're long, leave it. If you're not long, wait until a breakout above 5151 and then buy a dip from there.
