Cosmos bills itself as a project that solves some of the “hardest problems” facing the blockchain industry. It aims to offer an antidote to “slow, expensive, unscalable and environmentally harmful” proof-of-work protocols, like those used by Bitcoin, by offering an ecosystem of connected blockchains.
Today when almost all markets are in red, ATOM and few other...
Breakout of the descending wedge after C and then a re-test at E. Bounce showing off lower teal line at E and Bollinger Bands are contracting, which usually means volatility is imminent (as you can determine by looking at the chart when bollinger bands contract. RSI is on the rise and support has been retested. Strong probability of bullish movement.
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💎 ATOMUSDT has been making HHs and HLs on H4 in the descending channel. After 2 rejections at the resistance level the price can’t go far from which indicates the price can potentially breaks above the resistance.
💵 Invest Only 5% of your Portfolio
🎳 Entry/Pullback now or from 30.70 -27.41
☕️ TP1 33.64
🍺 TP2 38.88
🍻 TP3 43.95
Amazing example of a Trading Range following Wyckoff Schematic #2.
In an accumulation range there is a equilibrium of Sellers & Buyers causing price to move sideways but unknown to many the large operators are slowly absorbing all the Supply of the asset eventually as sellers become exhausted it pushes the asset into a Demand phase where price increases...
ATOM has flipped bullish and is rallying. Look at those sexy green candles.
The first test of this rally will be at $35 which may put up a fight before bulls can break it.
The MACD and RSI are curving up on increasing volume... this is bullish. Once MACD moving averages on daily timeframe do a bullish cross, this downtrend should end.
Expect some resistance at...
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(ATOMUSD 1W Chart) - Medium to Long-Term Perspective
Above the 7.7772608-8.9843770 section: The upward trend is expected to continue
Cosmos is an ecosystem of blockchains that can scale and interoperate with each other.
Depends on BTC if the correction is over.
Healthy correction and finds support, good moment for a buy IMO. I dont think personally that the price will go down to the red box.
Good luck! Take profits on the road or sit on your hands.
Graph showing big descending wedge pattern. Possibility of dipping a bit further into the 0.000437 territory but I would say that would be absolute bottom according to trends. Very low RSI indicating reversal imminent within the next few days.
Not financial advice.
When we look at the chart for 4 hours, there is a shark bull formation formation.
It is very risky to enter the trade before the voluminous momentum comes. Risk money management is very important in such transactions.
There are technical levels on the chart.
TP3 :34.17 Trading
entry level :28.92 (at 4 Hour candle...