Follow Up: ATOMUSD looking to continue to break out and test ATHWe ended up seeing two strong green candles after tapping the 23.6% fib retracement level which led to a small breakout as predicted. ATOM was able to top the previous high set on 1/1/22 and if continued volume comes in we could see ATOMUSD test ATHs. The RSI is not showing ATOMUSD as oversold on the 4H or daily chart and the MACD is still showing bullish momentum.
ATOMUSD trade ideas
ATOM SKYROCKETING BACK to NOVEMBER LEVELS.The Cosmos coin has been very strong in recent days, considering the overall weakness of the market.
Investors are increasingly eager to invest in this project, which helps connect data from different blockchains, and thus is critical for further adoption.
On a technical standpoint, it has still 25% left to make a new ATH. A lot of supply on the way which might hinder for some time a new uptrend.
Let me know your thoughts.
Thank you and good trading!
ATOM at a major resistance and danger of "Lower High" peakATOM has been quite strong but now at a key resistance.
First and most dangerous zone for possible "lower high".
Above are a few more hurdles before new ATH thoughts.
Plotted here are 3 fib series from different timeframes.
Thick lines are very high timeframe and most important.
Red lines are local wave down, and gold+blue the bounce.
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I do not use "Fibs" in the "traditional" manner (retracements).
I use Fibs to plot "Ripples" (extensions) created by "Impulses".
Then look for "Confluences" to map the "interference Pattern".
My TV collection of ideas detailing the Concepts:
Chapter 1: Introduction and numerous Examples
Chapter 2: Detailed views and Wave Analysis
Chapter 3: The Dreaded 9.618: Murderer of Moves
Chapter 4: Impulse Redux: Return to Birth place
Chapter 5: Golden Growth: Parabolic Expansions
Chapter 6: Give me a ping Vasili: 'one' Ping only
Chapter 7: The Mighty 2.618: like a Rook in Chess
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Bagholder Phase.Atom like many other alts is in the bagholder phase, this is a complex phase where bulls believe they're smarter than everyone else only to find out they're not...and usually by the time they find out it's too late - they are sitting on big losses and have their holdings as a souvenir to remind them of their ignorance.
#ATOMUSDT (Watchlist) 12/2021What is Cosmos?
Cosmos is a blockchain ecosystem where thousands of dApps interoperate to create the foundation for a new token economy. Cosmos is a decentralized network of independent parallel blockchains, each powered by BFT consensus algorithms like Tendermint consensus.
#ATOM maybe worth it to add this coin to your Watchlist. 👀
(Share it with your friends)
Everything mentioned on the chart (Pattern/Resistance/Support / Breakout/Breadkwon levels, Also R: R)
add to watchlist means the coin we mentioned is forming a pattern or moving near a historical bottom, around or above good support, increase in trading volume , showing a reversal candle, accumulation stage, etc, but no reaction from bulls, so we inform you to add it to your watchlist until the right time for entry.!!
Ps:
we avoid trading any coin if the entire project for it is based on gambling, prostitution, human trafficking, borrowing, and lending, etc.
This is not financial advice, The purpose of these Charts is to give you an idea about coin movement (not buy or sell signal) so before following any idea be sure to make your own research and follow risk management.
The Cryptocurrency market is very volatile and involves gains and losses, so know very well what you are heading towards before engaging in it.
The information we mentioned here is a personal effort so it subject to success or failure.
Good luck to All.
🙏we ask Allah reconcile and repay🙏
Cosmos (ATOM) broke well respected MA Ribbon..Cosmos (ATOM) broke well respected MA Ribbon..
A conformation also given by the breakout on RSI short-term resistance.
What do you think? 😎
Drop me a nice comment if you'd like me to analyze any other cryptocurrency or do another comparison.
*not financial advice
do your own research before investing
ATOMUSD eyes at least $60Cosmos is on a strong weekly rise that brought it above its 1D MA50 (blue trend-line) again. The important level to watch is the 1D MA100 (green trend-line). The reason is the following:
Every time ATOMUSD broke above its 1D MA100 following a 1D MA50/ MA100 Bearish Cross, a rally started to at least the next +0.5 Fibonacci extension. Right now the price is approaching its 1D MA100, having already made a 1D MA50/ MA100 Bearish Cross. The Bearish Cross can claim that it is a bottom indicator itself, but perhaps even more accurate on forecasting that is the CCI (on 1D) which indicates a bottom every time it completes 3 Higher Lows below the -100.00 level. Having made its second Higher Lows this month, we can argue that one last dip is possible, before Cosmos rises to the next +0.5 Fib extension, which would be 4.0. Our long-term target on that is $60.00.
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On the ATOM front, let's expect some pullback before going upOn the ATOM front, I think that we will go for a correction and then resume the movement up. MACD line still in negative territory and price action no over the 50 SMA, so the market doesn't want to go higher just like that, it wants to go lower. So, waiting for a nice pullback star to print to enter. Also there has been a daily TD Sequential countdown 13 printing and so far it has been playing pretty well. So support is established there. Looks like a great setup to play once in place.
#Cosmos #ATOM right now at well respected MA RibbonCosmos (ATOM) right now at well respected MA Ribbon..
Not a good point to enter the long market.
Therefore a break, flip bullish and conformation should be considered before.
What do you think? 😎
Drop me a nice comment if you'd like me to analyze any other cryptocurrency or do another comparison.
*no financial advice
do your own research before investing