Long ATOM (Cosmos)Markets are bouncing and showing a sign of strength. Confluence on the channel low, 786 fib, VAH and a monthly front-run. Looks like a great long to me.
ATOMUSD.P trade ideas
ATOMUSD is chasing strong support levelATOM is going to hit and run while entering support area. Make sure to check the RSI also on oversold is better.
The $ATOM situation, after the reboundETH just joined the M50 daily which caused a legitimate rejection. In the meantime, ATOM joined the 32ish level which also caused rejection, legitimate one as well.
Now, we want to see a slow retrace to the 29,5-30 level where bulls will need to show up strong to pursue the HTF uptrending
H4 is the key TF, imho
I will be waiting ATOM at this 29,5 level, with cash from the previous short to go long and target 36 / 44 / 97 long term
RR=1.96Long buy opportunity
bullish crab pattern
Rsi divergence
Breakout of the trendline
formation of double bottom
ATOM may reverse soon…next 2 movesAtom (Cosmos) may range trade for a while bounded by the support & resistance zones until a BO with conviction.
In the short term, it may still go down to retest the low or the uptrend line before a reversal rally.
I’m not sure if you can consider that a diamond reversal pattern.
Not trading advice
Just like promises, ATOM/USDT breaks no trendsThis is awesome, what do you think? Like, subscribe and fell free to DM me. Leave a comment too about your thoughts. Thank you all!
ATOM, step back and rebound.The following content is machine translation:
Step back to the last wave of callback, stop falling and rebound, and rebound again.
Indicator macd bottom divergence.
Near support 25.
Operationally bullish, falling below the 25 stop loss, near the new high above the target.
Bears cash in on the latest opportunity by taking ATOM priceThe latest Cosmos price analysis shows cryptocurrency trends are going in the bearish direction for today. The price of ATOM/USD is rapidly declining as it has now dropped down to $26. The short-term trending line is going towards the descending direction as well as the bears have been at the leading position since 8th February. The bears might take the price further below to set a lower low for February.
ATOM - Bullish / Bearish scenarios The crypto market has never existed amidst 7.5% inflation. Therefore it is very hard to predict price movements over the next year.
ATOM is one of the most technologically superior projects, and I think it will perform extraordinarily well during crypto's NEXT bull market. This bull run should come at the latest September - October '22.
Until then, here are two possible scenarios for where ATOM can move over the next few months.
ATOMUSDinitial stop set
target 29-30 to sell half
move stop to entry
sell another half at 35
trail the rest
Could Be Heading UpSeeing low risk entry point right now. Initial target will be $38. From here I expect a deeper pullback (after reaching $38) to shake off traders, and then shoot for $65. If you are already holding: do nothing till it reaches the top.
ATOM PerpNice retest , looking like a deviation. Next target , liquidity above old highs. Confirm and move stops on LT.
Atom depicted mid termWell it's been a while now guys, may as well chime in now that there's something to analyze. Atom seems to be resting on regional support and faced with multiple tests at resistance. Looks like a breakout is inevitable.
Long ATOMUSD Bearish market structure is broken
The trend is starting to reverse
RR of 1:3 on this trade
$ATOM - Inverse Head and Shoulder Forming on The DailyThe PA on $ATOM is starting to trend upwards. Obviously we are not going to see HH anytime soon but as long as we keep making new HL we will be in the right direction. Would like it to breach the bottom of the top rectangle and start ranging within that box though. Hopefully within a day or two. There's also an inverse H&S forming which to me seems like it's going to happen. Invalidation for the H&S would be around $22 mark which in itself would signal a disaster already. I am bullish on $ATOM and think we will see $52 soon (maybe between March and April?).
Are bulls back in the game ?Atom soars after a strong BTC rally, what does the chart tells us ?
We broke the short term level that blocked prices : low of the 4h Cloud and Daily Tenkan. A positive news, BUT we still have some things to do before being bullish again!
Two main targets to break for having bulls with us :
On short term : we're blocked by the $31.3 resistance. Both Daily Tenkan and 4h SSB are blocking the way : strong resistance.
By breaking this resistance, we can expect to go back to the long term resistance : Daily SSB, at $32.5 this long flat is, in my opinion, the biggest resistance on our way to 37$ area.
Note that BTC is back above its Daily Kijun, the #1 Crypto could lead the way for a few days, before leaving Alts alone, for another bullrun, maybe ? :)
Let's wait and see how the weekend will be.
What do you have in mind friends? :D
