squeezing tightly as we approach the end of consolidation, so i'm expecting this one to break soon.
with some bullish hidden divergence along with support on the bottom BB since june, my money's on a breakout to the upside.
even if price breaks lower, i think it's likely to catch a spring and ultimately push higher.
Good evening everyone!
Atom has formed a descending wedge pattern with a possible sign of a clear breakout.
- Watch for price action to retest the 23.6% fib. This could be a good buying opportunity.
- If the 23.6% fib is lost look for a double bottom closer to $30 for an even better buying opportunity.
- When the breakout is confirmed, look for a TP near the 78.6%...
ATOMPERP. Price action has broken out of bearish trend and ecosystems are starting to outperform Ethereum and take their own spotlight within the market. New cycles could be coming. Currently longing the breakout as price moves onward to retest the previous ATH as their ecosystem expands.
$ATOM
10.22.21 1314H +8 SINGAPORE
ALERT: MARKED ENTRIES and EXITS FOR A SWING TRADE
HOW TO USE MY CHART
It is designed for SWING TRADES at the BOTTOM. I do not SHORT (in support of all the DUMB-MONEY traders like me.) Though you can still use it.
Created on a WEEKLY & DAILY Analysis of Dynamics of the Market.
LARGE BOXES are major pivots that will occur,...
Hello everyone!
ATOMUSD can grow as high as $48.8, the retest of the dynamic resistance is support is confirmed, now waiting for atom to close above $36.
There is a resistance ahead at $42, so take that level as your first target!
Best of luck!
ATOM is currently trading below the resistance at $36.92. If it breaks this resistance, we could start seeing a move towards $42.22, $46.50, $50.79, $56.89, $64.65 and $87.08. Failure to break the resistance at $36.92 could lead to a drop towards $28.23, $25.05 and $22.46.
Count is not the greatest looking but there is a change this may have topped out or has 1 last push left, Regardless we will start looking at potential entries once our 2-4 trendline has busted.
In this analysis, we can see Atom continues in its consolidation pattern getting tighter and tighter in the current pennant that is forming. The wave count shows a massive wave 1 that propelled us to the 44 dollar range. As we complete wave 2 we can scout potential targets for wave 3 that can easily take us to the fib retracement level of 2.618 at approximately...
COSMOS is an admirable asset for it's high performance uptrends since the start of this year. I have forecasted an increase in price for this asset as buyers will continue to go strong against the dollar.
Tell me what you think about trading COSMOS
Took a bit longer than expected, but think it looks a lot better now. Currently bouncing on above average volume at the confluence of the 50 day and support/resistance flip.
ATOM / BTC pair also bouncing where it needed it (not posted here)
This will go much higher than everyone thinks, just like every other blue sky breakout (MATIC in May, SOL in September,...
