PA near lower resistance, money will rotate from L1s. LUNA pumping is a sign for ATOM following shortly after. Proposal 56 was passed back in September but now more people are looking at it and what it means for Cosmos to be the IBC hub. Also @blknoiz06 hinted at a cosmos trend.
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...
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).
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.
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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...
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...
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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
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...