ATOM ANALYSISOn the 4 hours time frame of ATOMUSDT, the price is forming a rising broadening wedge which may indicate a continuation of the drop if we broke the support downwards.
Take a look at the Bollinger indicator it is shrinking which gives us more indication that a big movement in the price is going to happen
ATOMUSD trade ideas
ATOM looking for some relief bull pushATOM, just like most other coins still has a bearish market structure on the daily timeframe. But 4H is successfully holding a bullish market structure. I'm expecting a push upwards towards the golden pocket of the recent downward move, peaking at max at $15.
We might see a range shift afterwards, meaning a confirmation of the current overall bottom, but I am expecting another push to the lows, since most coins are building up a massive hidden bear divergence.
ATOM/USDT - Short ScenarioHello Traders!
After long price distribution in the range of $22.00 - $44.00 ATOM passed to the falling phase.
In case of continuation of descending dynamics of market movement it is possible to expect the further movement of price of assets to the following levels of support.
For medium-term purchases at the moment there are no comfortable prices. It is better to begin the set of assets after decrease in the price to a zone of interest of buyers $4.50 - $6.35. It is best to place buy orders near the support level of $4.50, it can be price values of $4.20 - $5.00.
Good luck and watch out for the market
P.S. This is an educational analysis that shall not be considered financial advice
ATOM Recovery Atom look like it pulled back from low of $8 we and up already we may see bullish in a few weeks. This coin will let you get a 5%+ APY on some of the exchanges. This one have not change since. This coin have High potential for it to recover back to $40. RSI way over sold in the 3 day time frame. Resistant in at the $10. The market is making a recover after fear.
ATOM/USDT - DUMP-O-ROOYes yes crypto is bearish , im just another user telling you this. however, here's my level of TP - will see what we get tomorrow on weekly close.
2X TP's
remember whales and institutions don't want you shorting with them - their will be insane volatility . be careful
Safe trading all
ATOMUSD (4H) Bearish BreakoutHi Traders
ATOMUSD (4H Timeframe)
The market is in a downtrend and we are waiting for an entry signal to go SHORT below the 17.41 support level. Only the upward break of 20.41 would cancel the bearish scenario.
Trade details
Entry: 17.41
Stop loss: 20.41
Take profit 1: 15.23
Take profit 2: 13.13
Score: 8
Strategy: Bearish Breakout