ATOMRLUSD trade ideas
Value Entry AtomAfter a retracement from the local high being made to the .618 to the .886 we can layer our bids there. Shown with the long position tool( GREEN/ RED buy orders)
There is an argument for continued downside because of the maturing hidden bearish divergence on the local high being made right now.
This MPLIES impending price continuation to the down side. In essence a lower high is created with higher levels of buying momentum. Which means the Sellers have too many orders there for the increased momentum to push through to the next area of interest.
What can happen to invalidate this observation is if the ne high is made and the MACD histogram make a second higher high.
Not a value buy right now the.
ATOM/USD, set for another record high.The following is a machine translation.
There was a sharp pullback due to BTC, and as BTC rallied, ATOM performed very strongly.
From the volume point of view, the volume and price are in line.
In terms of indicators, macd refused to die, and the long side was clearly strong.
The overall view of the pattern is still not broken, and the overall general trend is bullish.
The probability of a new high, which is basically inertia.
Atom/Cosmos Smashing ATH and has little resistance at this levelLooking very bullish for EOY projections on Atom/Cosmos right now. It may come recheck its support lines at its previous highs, but it looks very bull into 2022. Don't long at this level wait for a dip, but if the opportunity presents itself it could be lucrative. Not financial advice, i just like this crypto.
ATOM/USD, odds are it's going to record highsHere is the machine translation.
Fundamentally the ecology is very good for you to see for yourselves.
It's not far from new highs and the trend is showing a lot of strength.
The trend is perfect, moving up along the upper Bollinger band
Looking at the triangle pattern, the pressure level is around 40 after the new high.
From some indicators or ecological on the current situation is very optimistic, the probability of a new high to come near the target price of 40, worth watching.
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(ATOMUSD 1W Chart)
If the price holds above the 8.9843770-10.6181781 range, we expect the uptrend to continue.
In particular, if the price is maintained above the high point of 17.6656889, it is expected to create a new wave.
(1D chart)
If the price is maintained in the range of 32.82772488-36.7282127, it is expected that the uptrend will continue.
If it goes down, you should check to see if it finds support at the 30.8767670-32.82772488 zone.
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(ATOMBTC 1W chart)
If the price holds above the 0.0003152-0.0003749 range, we expect the uptrend to continue.
In particular, if the price is maintained above the 0.0005845-0.0007650 range, it is expected to create a new wave.
(1D chart)
If the price is maintained in the critical range of 0.0005845-0.0007650, the uptrend is expected to continue.
If you fall from the 0.0005845 point, you can touch near the 0.0004898 point, so you need a short stop loss.
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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 been released yet.
(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.)
38.-.40Change of character at touch of 34. and heavy demand emerging in harmony with price moving to the upside closing on bullish engulfing.
Could make a retracement to 35. before but as demand is reacting now I be doubting that.
Demand heavy and maintaining on bigger and smaller TF, and expect .50 on longer term, and a break upside .40 would give signs it is showing being ready moving there
End of YearI think this is a plausible route for Atom to take for the rest of this year. An obvious cup is now looking for a handle. I expect that it will continue moving up for at least a few more days before starting the move down. It could drop all the way back to 18$ based on previously established supports. That move would typically be followed by a jump to a new ATH . Based on this year's price action, and more importantly the newfound burst of positive sentiment surrounding the project, I think that Cosmos is going to push its market cap to around 15 billion before the end of the year. I am looking for a price in the 70-80$ range at year end.
ATOMUSD peak at $132 at leastPattern: Fibonacci Channel on 1D.
Signal: Buy as the price broke above the previous Higher High, after bouncing off the 1D MA50 (blue trend-line) with the LMACD on a Bullish Cross. This combination of factors has previously resulted in a very aggressive rally within the pattern to a new Higher High.
Target: $130 (just below the 2.0 Fibonacci extension).
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