Cosmos has recently had a nice downward movement, resulting in a full breakdown of EMAs and local support zones. As of now, we have also had a successful re-test of the broken zone.
We are keeping an eye on potential further movement to lower zones, which has a high probability, but only as long as we strongly hold that re-tested zone.
If we see a breakout...
ATOM is looking bearish after a nice bounce of the lows, currently going up with a decending rsi, creating an divergence. BTC Also has an CME gap at 64030 so i expect this to be filled this week, this would also bring down the alt coin market.
SL is clear 4H close above 9usd
TP1 8.6
TP2 8.35
TP3 7.8
R:R 5
This pair looks bullish to me, we came back to our origin point. We have our range above and we got back into with breakout candle. Also, we filled the daily imbalance+ tapped old high level. If we stay above RL then we can expect to reach EQ level.
BINANCE:ATOMUSDT As observed in the 2-hour timeframe, the price is currently trading and ranging within the $8.37 price area after minor fluctuations. The price is crossing above the EMA60.
Short-term Scenario (2 hours):
If the price consolidates above the EMA60, a potential short-term scenario could be for the price to move towards the $8.50 - $8.70 zone with...
Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📦 ATOM has been hovering within a big range between $5-$6.5 support zone and $15-$16.5 resistance zone.
📉 Currently, ATOM is in a correction phase and approaching the lower bound of the range.
📚 As per my trading style:
As #ATOM approaches the lower bound of the range, I...
You have probably heard about Alligator, indicator which is used by top crypto traders. This powerful tool can increase performance of every cryptocurrency trading strategy and help you to make money on the market. Alligator gives us the precise answer if now price is in impulsive or reactive wave. This knowledge is very useful in building your own crypto trading...
Cosmos has fully broken away from EMAs and the local support zone (which has turned into a resistance zone).
While we see the re-test happening, we are looking for a potential further breakdown from the current zone, but we are cautious as we see how oversold the RSI is and also the fact that EMAs have not been re-tested at all.
So, we keep an eye on the...
Although the market experienced a long period of rise, many tokens experienced significant callback after BTC failed to break through ATH.
So again we explain how the TSB indicator is used to help even with switching trends. TSB indicator is a trend indicator based on AI algorithm. When the TSB indicator gives a BUY signal, it means that the token has entered a...
But first price action shall move to the 11-12 dollar resistance before the downtrend continues.
** trading opportunity **
On the above weekly chart pice action has confirmed a bear flag breakout. The flagpole measurement forecasts an eventual target of $2.50.
Meanwhile a breakout of RSI resistance prints with a weekly bullish engulfing candle. The weeks ahead...
I am not expecting a good pullback and still bearish sentiments are showing on the chart.
Can expect another LL and market is currently searching for LH.
Resistance and supports are mentioned
BINANCE:ATOMUSDT should be doing this if it really have intention of joining the bull run. It is quite close to the invalidation level but the risk reward is insane almost 90.
More update to come stay tuned. BINANCE:PEPEUSDT is at the level i called so is many alts. We saw this coming billions have been liquidated.
OTHER ANALYSIS
We are back with Cosmos Coin, and our gameplan still remains the same. We are looking for further movement to lower zones towards our target areas of orange lines.
We see the demand for selling pressure on Cosmos, so be careful, as we might see some sharp moves here!
Swallow Team
Cosmos looks like it broke out after a clear accumulation and is now retesting, if it holds here it looks good to go to around $15. I don't support trading altcoins but throwing some to spot here could be good risk&reward.
