Two days ago, I posted how the market is tipping over to the bullish side. Today is a continuation of that post. If you want to look at my previous post, please take a look here.
The volume weights for today to recreate this exact chart are the following (enter it in symbol...
Regularly, I will be sharing something a bit different moving forward. I have a single chart of the ten major cryptos based on the volume. This volume determines the weight of each crypto in my analysis. This allows us to have a high-level overview of the market’s major movers in one go.
If you want to try it out yourself, enter the following formula under...
Longed this last night, and added around 6pm today. Price has been running since.
Just as the price finally broke above the 20dma, we see the price working through its S1 pivot point:
Its always great to tag the bottom, and we potentially have just that. Looking at the weekly price action we see something to be very bullish about. Price could rise...
ATOMUSD (Daily Timeframe)
The market is in an uptrend, and we are waiting for an entry signal to go LONG above the 11.37 resistance level. Only the downward break of 8.58 would cancel the bullish scenario.
Stop loss: 8.58
Take profit 1: 13.08
Take profit 2: 15.95
Strategy: Bullish breakout
Cosmos is forming nice bullish ascending triangle aligned with fundamentals. Strong chaina activity, strong community, dev. activity, etc.. and most importantly many technical upgrades happening which will increase $ATOM utility.
We remain super bullish. COINBASE:ATOMUSD BINANCE:ATOMUSDT
Time will tell if we're right or wrong.
Atom is approaching the 1st crucial resistance zone between $11.19 - 12.50 and a pullback is likely to occur there.
The next important resistance located near $17.30
To go long wait the pullback or the flip of $11.19 - 12.50 zone, so you have greater probabilities for profit.
ATOM aka Cosmos MACD indicator is flashing bullish momentum in following few weeks.
Take profit #1 is around 14,3$
Take profit #2 is around 22$
Interchain security (ICS) is comming within 3 months + technical indicators are looking nice.
Bullish for sure.
On the above 2-day chart price action has corrected almost 90% since the year began. A number of reasons now exist to be long, including:
1) The ‘incredible buy’ signal prints.
2) Price action testing past resistance as support.
3) 1 & 2 is also true for the 3-day BTC pair (below).
4) ATOM price action finds itself on the ‘what if’ list. I don’t know how, but...
How am I buying ATOM.
Bear markets can be very difficult ot navigate.
Staying in USD is also beneficial especially when macro economy is not looking great.
This is why I fix many DCA levels in order to be prepared for the worst.
Remember that bear markets can go lower than everyone is expecting and can be very hard to navigate.
In this moment BTC is...
Another day ATOM is scamming higher as the top longers and future bagholders rejoice of their short term gains - These people are now crypto experts overnight, SIKE this is going to fall so hard and leave many with a 1 way ticket to rekt city.
We are back with ATOM/USDT. From the last time we looked at this coin we got whooping 38% of profits)). Now we see a good time to short this coin as a short-term trade. Red zone is our buying zone as always and we close this trade if ATOM secures $12.5 on 4hr chart.
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ATOM is in an all too familiar trading pattern, coming out of an A&E reversal (presumably) and cautiously retesting neckline to establish support. From here we expect a continuation of the markup up into the Fibonacci zones. All subject, of course, to BTC staying on its meds and not dumping. I wouldn't take it further than the 1.618% in a countertrend, which would...