Price and RSI chart formed a bearish divergence confirmed by trading volumes (1H TF)
ATOM tests 200EMA as resistance (1H TF)
I expect price to fall after fixing below the lower boundary of the range.
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Everything on the chart.
growth from current price or through one more decline in zone ~8.5$
Entry: market and lower
Target: 15 - 19 - 22 and maybe even ~25
after first target reached move ur stop to breakeven
Stop: (depending of ur...
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Let's start with what COSMOS (ATOM) actually is.
Cosmos is a Proof-of-Stake Layer 0 blockchain, that solves the problems of Scalability, Usability, Sovereignty. In a nutshell, it's the base layer for other blockchains.
The Cosmos Network is a decentralised ecosystem of independent...
ATOM, previously one of the better performing alts, has been selling off hard recently.
In my view, there's likely more downside for this token. Personally, I'm waiting for the triangle to break out on the bearish side.
First target at the most recent capitulation low, second at $8.
atom is looking good for a bounce
This setup could play out over the weekend, is a short term trade, take profits along the way and don't be afraid to close early.
entry: $9.95
SL: $9.49
TP1: $10.80
TP2: $1.90
R:R 4.24
Idea: The price has broken the lower border of the descending triangle. The price will bounce to the lower border of the pattern to retest the resistance level, then the downtrend will continue
cosmos is at an important level of 4HR and daily support
Entry at current level = 9.866
SL at daily & 4 HR support= 9.73
TP1 at fib0.236 level= 10
TP2 at 4 hour Resistance = 10.13
Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (13.254).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. ATOMUSD is in an uptrend, and the continuation of the uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a...
Atom is almost at the end of its corrective wave. We are now anticipating the 5th wave, which should go below the end of Wave 3, hence why we want price to go below the structure.
Atom is offering one of the best returns. If we buy it at $4 and close at $40 , that's a 1000% return on your investment (atleast).
Trade Idea:
- Watch for price to go below the...
The RSI chart shows that the sellers are trying to take over the initiative.
BB indicator indicates overbought (4H TF)
TD Sequential has formed a reversal signal downwards (1H TF)
I think that ATOM might start a correction if the price fixes below the support level.
ATOMUSDT has ben trading with in a symmetrical triangle. The price has break above the symmetrical triangle.
The bulls need to sustain price above the triangle.
Trade your levels accordingly.
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(ATOMBTC 1W chart)
If it is supported in the 0.005 440 ~ 0.0006 266 section, it can be seen that the power of the rise is large.
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(ATOMUSDT 1W Chart)
It...
Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (13.254).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. ATOMUSD is in an uptrend, and the continuation of the uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a...
There are 3 best prices to look for an short opportunity/
We are still in bearish bias, so we should consider any movement up - as an opportunity to short!
Always wait for a reaction on this levels!
Holding above a critical level on ATOM, 9$ was a top August 2020, and a bottom last July, historically the next level up would be around 14, and $22 above that.
Possible Bullish Gartley completing at the 1.272 retracement from our September highs with bullish divergence locally on the RSI on the daily and 4hr.
The weekly shows a weaker drive of divergence as...
BINANCE
![ATOMUSDT: [LONG] possible relief rally on atom](https://s3.tradingview.com/z/Zb6PiD1T_mid.png "[LONG] possible relief rally on atom")
