ATOMRLUSD trade ideas
ATOM - Something is missing hereNot financial advice. I have been keeping my eye on L1 Smart Contract/Defi Cryptos and most of them are astronomically high besides a few. ATOM and AVAX seemed to be moving together with ATOM leading and all of that momentum seemed to get transferred to AVAX which gets me thinking we could see it come back into ATOM soon especially with news and updates creeping in. My possible top for ATOM is $110 at the 4.236 Fib extension. If you are looking for more upside and less risk potential I would be in ATOM over AVAX. Doesn't mean that AVAX can't go up more in the short term all I'm saying their is possibly more upside within the next month percentage wise.
ATOM Swing TradeBeing a bit aggressive here, but looking for this short term dip to come back into the 30-44$ Range that ATOM has been in. This project looks undervalued.
The wick at the bottom was the change in Market Structure (MS) we were looking for and should translate in to higher highs and lower lows.
Normally, it would be smarter to get multiple entries with different SL and TP levels, but I am posting the way I entered in 3 days ago.
For a better entry, you could wait for confirmation above the resistance/support line with a stop loss below it, and same TP.
**Not Financial info, just for my own learning and progress*
Cryptocurrency value returns to $33 showing bearish inclinationThe most recent Cosmos price analysis shows an increasing bearish tendency as the price has followed a descending movement in the last 24-hours. The price was on its way to recovery earlier this week, as more bullish activity was being preserved. But today, the bears have managed to create an impact on the market by bringing the price down to its former low i.e. $32.99.
Fib Circle dump example scenario ATOMUSD
As per the above chart, I have found a possible example that may play out the same
The premise is price dumps along the side of the Fibonacci circle
I think this is because the price is "attracted heavily" to the circle as it dumps, causing this chart phenomena
I don't want to spread fear for ATOMUSD hodlers, simply trying to find another example. It could play out completely different.
If anyone knows more about this, comment !
Cosmos (ATOM) - November 21Hello?
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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
(1D chart)
Resistance section: 30.8767670-32.8272488
First support section: near the 25.0253213 point
Second support section: 17.2233938-19.1738756
We need to see if we can continue the uptrend by moving above the resistance zone.
It needs to move above the 39.8256148 point to accelerate the uptrend.
However, it must break through the resistance section formed in the section 40.6291765-42.5796583 upwards.
If it goes down, it could drop below the 25.0253213 point, so you need to trade with caution.
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(ATOMBTC 1W chart)
3152 Satoshi-3749 Satoshi or higher: Expected to continue upward trend
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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 as price and volume move.
However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator.
** The MRHAB-O and MRHAB-B indicators used in the chart are indicators of our channel that have not yet been released.
(Since it was not disclosed, you can use this chart without any restrictions by sharing this chart and copying and pasting the indicators.)
** 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.)
** 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.
(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.)
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$ATOM bearish trend turning to bullish trendThere’s been a series of higher highs and higher lows indicating a reversal from the previous downtrend. As well as a series of Higher lows in the RSI, signifying building strength. Looks like it could head to $40 again in the short-term.
First post all draw, written, you name it on my iPad so let me know what you think if it turned out okay.
The uptrend ATOM and its community are in is just beautified artbullish on ATOM indefinitely and IBC as a whole.
lets say we have a ecosystem war.... atom is the one that creates the peace between worlds
im not going into a deep dive in price and where i think its going, im just letting everyone know don't let ATOM sneak up on you
CRO and ATOM also everything related to ATOM, LUNA and the bunch
PLEASE CHECK THIS OUT, BOUGHT ATOM LOWI wanted to make a chart here showing my trade of ATOM. I do not have a lot of money so I am slowly waiting for the right moments to by crypto to sell off at 10-30% gain. In this idea, I was working like normal and spotted a drastic drop in bitcoin. Per the usual, all the altcoins followed in a quick dip. I wait and watched to see if this looked long term or shot term. Once i spotted recovery in btc I immediately bought ATOM. If all goes well here i should see a 20-30 % gain and then cash out and wait for my next opportunity.
I am new to this so please keep in mind I may have gotten lucky. Would love any feedback!