If we look at 4 hours and 1-day chart we have two opportunities. It can be bullish if it holds its value above 13.414 which seems impossible right now. The triangle pattern even if it's 4 hr or 1 day we see it bearish. Atom will accumulate its value between 8.46-9.6.
atomusdt atombusd atom technical analysis
ATOM'S MONTHLY SUPPORT LOOKS LIKE TO TURN INTO RESISTANCE
It is just a note for myself. it is NOT a financial advice
do your research
BINANCE:ATOMBUSD
overall im bullish on atom, if atom breaks $13.314, my bullish price target is $14.918, followed by a pull back than a spring into the $15 area, depending on btc and the november cpi data.
🎯ATOM has been one of the most bullish coins this summer, rising 210% from its bottom in June. Consequently, its Bitcoin valuation has risen ~250%.
Recently it double topped around .382 Fib measured from last weekly swing high in April - this suggests we still have bearishness on the long term.
It also tapped into the .782 Fib measured from previous daily swing...
*Short potential scalp ~10%
Potential blow-off top forming
OI increasing rapidly whilst price growth slowing, approaching a key resistance.
Possible flip resistance for final push then down or fail at resistance and down.
TP#1 around green line.
Confirmation depends on your risk profile. I have scaled shorts at key overheads.
Invalidation again depends on...
Here's a quick look at the ATOM 15 min chart. As we can see, the price has been forming a bull pennant and we should watch out for a breakout.
The best entry would be when the price breaks above the bull pennant with a good amount of volume .
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The idea is: Buy when the price breaks above the bull pennant and take...
ATOMUSDT's price is hovering around strong weekly support and trying to get some breathing as the price dropped significantly from ATH. Bulls can trigger their plans in the upcoming sessions by showing some resilience at the bottom. So accumulation can be a good preferred strategy.
A big long term trend just broken.
This is not your average wick but rather it was trading below support.
This will be validated soon in this week end. Till then, prepare yourself.
Note: This will get validated in 3-4 days more.
Cheers,
Nav
Atom forming a large bullish consolidation channel.
See my long setup. A great risk to reward currently.
You can exit if it closes below the green box.
Cheers
Cosmos broke up this triangle📐 and I think there is chance for run to 52.9 and even higher. Setting BUY LIMIT order to previous range high to catch🎣 the pullback.
ENTRY : local high @ 31.7
STOPLOSS (SL) : local low @ 27.7
TARGET (TP) : height of the triangle projected from midpoint of the local range (BUY LIMIT - STOPLOSS) @ 52.9
REWARD RISK RATIO (RRR) :...
COSMOS broke up this triangle 📐 and I think there is chance for run to 51.5 and even higher. Setting BUY LIMIT order to catch the pullback. ATOM ⚛️ come on!
ENTRY : BUY LIMIT - local high @ 41.0
STOPLOSS : local low @ 38.8
TARGETS : TARGET1 - resistance @ 47.9 | TARGET2 - height of the triangle projected from midpoint of the local range (BUY LIMIT -...
ATOMUSDT trade Technically moved 200% from our recommended point of entry. Trade will be in positive territory as it crosses down trend channel.
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Hello everyone !
Today H₿ Capital is analyzing Cosmos (ATOM) based on a Weekly chart 📈
What we can see :
- Prices navigate in an ascending channel which is working perfectly since 2019.
- Back in December 2021, prices landed on the lower line of our channel, but, immediately rebounded to the 43$ area where our main resistance is (previous ATH)
- Spreads...
