ATOMRLUSD trade ideas
A "Bull" Run for ATOM?There are a few Signs that ATOM is set for a new Rally in the coming Weeks. Is a new ATH in sight? Maybe!
ATOM did a perfect and successful bounce on the Fib. Golden Pocket @ 0.65 / 20.90$. The Golden Pocket often turned out to be a significant Level of Support or Resistance. As seen here, it held support two times, with a strong bounce back on the second test.
The Heikin Ashi candles are set for a Trend reversal, if you take a look at the MACD which is also reversing, an Impulsive move is on the Edge.
Keep in Mind, that the Altcoins still are very correlated to Bitcoin, and Bitcoin itself to some major Indexes like the DJI or SPX. If these Markets start to Correct, most likely ATOM will do the same. An entry can be searched after the MACD crossed Bullish and the Heikin Ashi Candles still showing an Uptrend.
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This Analysis is not intended to be investment advice. Always DYOR.
ATOM - Completing longest range cycle?Hello!
The recent moves seem to match the original moves, and would nicely complete the rising wedge in (orange) as suggested by this trace (blue) and it’s fit to the currently established support and resistance vectors outline here.
This blue trace is from the previous bearish movement, which is barely visible as we started at its bullish head position. .. . . Any how . .. . . It’s the best large time frame projection i see… There is also an option for exponential growth… will have to watch the indicators, and play cautiously!
Good Luck, God Speed, Love & Light!
1.20.22 ATOM SHORTATOM is up over 12% today. Hard stop at previous resistance. This should be a level where traders take profits.
3 - 1 trade and if we dump to back test the vpvr that will be a lot more than a 3 to 1.
BTC is showing signs of a possible pullback as well after breaking a local supply line.
Lots of bearish harmonics on atom lower time frames but there is no edge for seller exhaustion. Time will tell.
very tight stop loss very low leverage.
I painted a possible butterfly harmonic which would take us to retest the vpvr and then break all time highs. Stay tuned.
ATOM/USD Inverse head and shoulders patternPossible inverse head and shoulders in the making for atom/usd. We may have a little bit of downside if BTC has a wick down however, patience will be rewarding. Altcoin market dominance on a longer trend looks bullish for now. Need a push down in BTC dominance for the alts to rally. Lets see what the next few weeks and months brings. Stay positive and level headed. (not financial advice).
Still long on ATOMAn update on COINBASE:ATOMUSD - I'm still bullish (whatever that means), I would worry if we get deep below 30 USD. I think price discovery will start in the next weeks.
Everything is crabbing right now because the money printer stopped and we're switching to a zero sum game. It won't last IMHO as I expect institutional money to move in later this year. ATOM temporarily escaped the macro trend because it has extremely positive news on its own.
Stay lo iq. DYOR.
ATOM - Flat top Consolidation?I recall reading that throat top consolidation patterns have an increased likely hood to break out in the direction of the flat. . .. . Like its building up pressure under the resistance until it pops! I’m talking about the yellow triangle on this chart.
If that is true, the blue trace is scaled from a previous time when the price pressed up into a resistance level with a flat top wedge shape.
Per Eliot wave theory, we normally see a low level, mid level, and top level in any motive wave. In between each level, there should be a little pull back (at a level on a smaller time frame) between each of the bottom mid and top main levels. That observation also guides and correlates with this blue projection.
We can also see that we have entered into a harmonic pattern that has departed bullishly from the orange pattern that had been influencing us.
Depending on the success of this bullish effort, we will wait her continue our bullish departure, or have a larger gap to make up on the next bearish movement, since the support levels that the orange trace is dancing along are still significant for use… and quite a bit lower now. We have observed many times where an additional leap transforms into a continued bearish move similar to the forecast, as it crests over. Like the drummer played an extra enthusiastic note on this level.
If you are interested in following along as these moves play out… follow me… and ill post updates to this post throughout the week :)
Good Luck, God Speed, Love & Light!
Update: ATOM now at a very crucial pointATOM was rejected at 45 for the 6th time. Take some pofits if you bought at low of channel
so you can still buy at breakout of 45.
Be careful. watch Atom if it can still hold 40 & 37.
If not, it may be doing a Gartley pattern down to
30, the low of the big trading channel of 30 to 45.
$ATOM to enter price discoverygm
There's not much to say, the CRYPTOCAP:ATOM ecosystem is going to be the center of attention in the next months and we're about to enter price discovery. If you haven't entered earlier, now isn't too late. This is a very solid project with great fundamentals.
If the overall crypto market continues to be bullish $200+ is absolutely within range. We did 4X in less than 6 months and the trend seems to accelerate.
Keep it lo iq. Only invest what you can afford to lose.
ATOM, there is a high probability of a new high.The following content is machine translation:
A pullback was blocked near the previous high.
Support lows keep rising.
From the point of view of this rising wave, it can be seen as 5 waves.
It is currently in a 5-wave uptrend.
Wave 5 will surpass wave 3 to break new highs.
The indicator macd rejects the Sicha trend.
Waiting for new highs.
ATOM Basing under ATHATOM looks like its building out the right side of its base just underneath the ATH. This has been one of the 2021 laggard L1s that I think will play catchup do very well this year. Would like to see a bit more consolidation on declining volume as selling pressure dries up and gets absorbed.
Currently, $9bn market cap w/100% supply circulating
Market cap of some comps:
SOL - $47bn, 5x higher
LUNA - $30bn, 3x higher
DOT - $25bn, 2.5x higher
AVAX - $22bn, 2.25x higher
Pivot Yearly predictions for Atom using hidden pivotsThis is a very basic but powerful trading idea published as part of my Crypto market analysis for 2022.
It demonstrates the earning potential, predicted by Traditional Yearly Pivots.
On top of that, it uses my Hidden Pivots Indicator that is plotting additional levels of pivots from the R6-R10 and Support Pivots (If calculation allows it, as in many cases it won't) from S6-S10.
The Indicator plots automatically on each time frame.
You can have a look at it here:
And a deeper explanation of it here:
medium.com
In the case of $ATOMUSD, you can see the four scenarios on the chart:
1.Likely in case of bear year - Downside to the S1.
2. Likely in case of bull year - Upside to the R1.
3. Likely on as very bullish cycle - Upside to the R5.
4. Likely on a bananas rocket to the moon year - Upside R10 and beyond.
For the whole long read and analysis on the pivot side of the crypto market 2022, see here:
rotzeod.medium.com
Atom - Pull back to the .618?Good Morning,
ATOM just tested its recent peak and came up just short... good news, that lower high is likely a continuation pattern... we just need to recharge the RSI before we can leap onto the next level!
Here is how that might look, based on a recent similar movement.
If you find this post interesting, follow me, and ill post updates to it periodically.
If you find my homework confusing... definitely follow me... it will start to make sense the more you see it.
Good Luck, God Speed, love and Light!
Atom channel tradingOf all the altcoins Atom is currently the only one that doesnt trade at the bottom of its channel. I would enter a short AFTER it forms the double top on the daily and confirms it with a daily red candle close bellow the sky blue line. BUT dont take this line too seriously its just a line it might get retested so entry on retest is the safest option. For risk takers just go for it when it closes bellow sky blue on the daily and hold this short open for a few weeks its a swing trade so just chill. Stop loss should be the top of the last daily candle. I know its a large loss if it triggers.. but the risk reward is in a good ratio.