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Another idea for ATOMUSD supporting my bearish stance
Initially price can be seen to hit the 1/2 Gann line, slowly though with each peak, price weakens, moving further and further away from this line
While being inside a rising wedge, a bearish view is justified
The indicator shows similar points (yellow) and expected downward move to follow
Heres my previous...
In ATOMUSDT 1H
There is a potential H&S pattern but there is still a downtrend need to break out.
If the price break out the downtrend and stand firm,trading strategy as below.
SL :29.163
TP1: 36.110
TP2: 37.044
TP3: 38.047
TP4: 42.295
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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...
Pattern: 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).
**...
Was expecting a rise to 32, and now 38. I do want for sure a break upside 32 to consider 38, obviously. And also since I do expect some more testing that could happen around 31.2, and even back to 29.2, before it moves upward furthermore.
And I do expect a rise to 44 as well on a longer term, but these were my first target zones.
If there would be a break under...
Not 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...
The 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.
Cosmos is one of the most severely undervalued large cap tokens - once its ecosystem becomes as robust as DOT, then it will also surpass it in cap IMO; ATOM has great tech and a great team. Long.
Cosmos (ATOM)
We truly believe that this blockchain project offers something special and much needed to the fast growing and evolving blockchain space.
You see, Cosmos is an ever-expanding ecosystem of interconnected apps and services, built for a decentralized future aimed at serving as the Internet of Blockchains.
In other words, Cosmos is an ecosystem of...
