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Cosmos (ATOM) - August 15

BINANCE:ATOMUSD   Cosmos
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(ATOMUSD 1W Chart)
If the price is maintained above the 7.7772608-8.9843770 range, the uptrend is expected to continue.


(1D chart)
It should follow the uptrend line and climb to the 17.2233938-19.1738756 section to see if we can determine the direction.

If it goes down, you should check to see if it finds support at the 13.3224300 point.

If it falls in the 7.4709843-9.4214661 section, there is a possibility of entering the mid- to long-term investment area, so careful trading is required.

A move above the 20.4059845 point is expected to accelerate the uptrend.

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(ATOMBTC 1W chart)
If the price is maintained by rising in the 31520 Satoshi-37490 Satoshi section, it is expected to turn into an uptrend.

However, in order to continue the uptrend, it must break out of the downtrend line.


(1D chart)
If the price is maintained in the 32760 satoshi-38820 satoshi range, it is expected to turn into an uptrend.

However, in order to continue the upward trend, it must rise above the 38820 Satoshi-41840 Satoshi section.

If it goes down, we should see if there is support in the 23680 satoshi-2670 satoshi range.

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We recommend that you trade with your average unit price.
This is because, if the price is below your average unit price, whether it is in an uptrend or in a downtrend, there is a high possibility that you will not be able to get a big profit due to the psychological burden.

The center of all trading starts with the average unit price at which you start trading.
If you ignore this, you may be trading in the wrong direction.

Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, ultimately allowing the funds corresponding to the profits to regenerate themselves.

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** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume.
However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator.
** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line)
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** See support, resistance, and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.

Explanation of abbreviations displayed in the chart
R: A point or section of resistance that requires a response to preserve profits.
S-L: Stop Loss point or section
S: A point or section where you can buy to make a profit as a support point or section.

(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)

GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they are not traded 24 hours a day.
G1 : Closing price when closed
G2: Opening price
(Example) Gap (G1-G2)

[Example of exchange chart setup]

(Binance)
www.tradingview.com/x/S94aDxa8

(Upbit)
www.tradingview.com/x/DF6cGh3G/
Disclaimer

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