Hi, today we are going to talk about Cosmos and in a Day Trade opportunity.
We note these relevant points for a Daytrade on Cosmos, details are highlighted above.
Thank you for reading and leave your comments if you like.
Cosmos (ATOMBTC) is looking bullish on the chart. It recently moved above resistance and is printing really good volume.
Volume is our main indicator to confirm any type of move.
the break above EMA10 and the retest of it are all accompanied by high volume, meaning that ATOMBTC has the chance to continue moving up.
You can see the different targets and...
5 waves down here we are about to hit a possible 1.618 wave 3 that doesn't mean it cannot go past 1.618. If we see support here not a bad idea for a play for a possible 50-80% depending on how the wave 4 retrace we get .
long near 1.618 area sell longterm. wait for confirmations
update on $ATOM
Retesting 31k sats after the push above it (adjusted my resistance level to ~34k)
If its able to flip this level, then I will re take a new position (with a SL under support), for a new leg up with targets at 34/40k sats..
Falling wedge. testing upper trendline & ~22k sats resistance level
Volume increasing over the last 24hs (+200BTC Binance)
UCTS Buy signal on the 8H (& lower TFs)
MACD bullish divergence
EMA50 (green) acting as resistance
If breaksout, aiming for ~26k sats as first target
With ATOMBTC, we promised ourselves we would not to chase an alt...especially one that is at technical resistance like ATOMBTC
We feel it's best to remain neutral and look for buying opportunities if bullish structures appear.
ATOM/USDT is climbing with very clear and clean price action
Smashing each resistance then testing it as a support before heading up to the next one
mid-Risk entry wold be at 2.77 targeting 3$
claiming 3$ as a support will open the door to visit 3.5$ easily
I am a buyer in case 3$ claimed as a support
- In Daily Timeframe, Falling Wedge Breakout & Retest Done.
- Indicators turning bullish, MACD is moving higher and now entering the Bullish zone. While the RSI remains on the Bullish side.
- Need Some Serious Volume For Healthy Uptrend.
- MA50 (Green Line) Acting As Major Resistance (Shown in Chart)
- TP1 & TP2 Both Are Mentioned in the Chart...
- Entering Into Kumo Cloud With TK Cross
- Down Trend Resistance Breakout
- Solid Project With Strong #FA
- Keep Your Eyes On It
Buy Around : 4$
Sell Targets : 4.8 - 5.2 - 6
Stop Loss Below 3.8$
Timeframe : 4hrs
Hit Like On Idea For Support..
$ATOM has hit our target near 3382. That level is the 23% retracement of the recent down move. If you assume $ATOM is still in a bear market, then today's 11% move should complete the corrective rally. That would leave $ATOM at the mercy of any new up move in $BTC...which we believe is coming.
The next level to watch is near 4138. If $ATOM manages to rally past...
Hi, everything said in the Chart.
Volume is high, breakout above EMA-Line.
ATOM attacking higher.
Buy: 2800-2950 sats
Sell: (1) 4100, (2) 4950
Potential Profits: >50%!
Just my personal opinion.
Have a good day everyone.