✅ ATOM continues to move in the upward direction.
The price broke through the descending channel.
I think ATOM can continue to grow. ✅
🚀 BUY scenario: long to 15.62. 🚀
Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.
ATOM broke out of a rising wedge pattern around two days ago. After reaching both my initial break out targets, it's time to take a look at the week(s) ahead.
After the break out, ATOM retested the top resistance of the pattern as support, which is classically seen as a bullish confirmation of the trend.
In my view, we're likely to see more bullish price...
ATOMUSDT appears to have recently grabbed new liquidity from the monthly support on the $8.7 area, creating a breakout that led to profitable trades.
Currently, the market is testing a weekly descending channel.
This channel represents a period of downward price movement that is bounded by two parallel trendlines.
We will be closely monitoring whether the...
Cosmos has a nice setup here, and as a bonus it yields 20% or so if staking on-chain. (plus the chance to get airdrops that might be worth between $0 and who knows how much each time)
The daily trend points to a steady rally until Feb 15th or so, depending how high it goes, this could evolve into the monthly trend being valid and upside to $27+ opening up over...
Over the last two weeks or so, ATOM has been slightly trading upwards, forming a rising wedge in the process. Rising wedges are classically bearish reversal patterns, but since the market is most definitely bullish, I'm not looking for a bearish entry, but for a bullish one instead.
A patient trader will wait for a confirmed break out through the top resistance...
Hello to all out there and good day!
Here we have ATOM COSMOS on the 4-Hour Chart setup.
We have this Chanel that ATOM has been trading in and may be at the top as it has tried # 3 times to BREAK this upward channel but failed.
ATOM must hold the 12.80 SUPPORT ZONE if the COIN wants to move to the upside.
The NEXT BULLISH Targets to look out for will...
ATOM has been formed a rounding bottom pattern.
The price is currently trading near horizontal resistance.
The same zone is also a breakout zone.
The price from last 10 days is trading near the breakout zone and has multiple attempts to break above but failed.
We are expecting a breakout above the zone.
Manage your trades accordingly.
We have a strong supply zone around $14.1 to $14.75.
Considering the weakening of the upward trend of this currency and macroeconomic data such as the determination of the interest rate by the Federal Reserve in the remaining hours of the day, I expect the price to rise to around $14.3 and then drop to around $12.5
What Is Cosmos (ATOM)?
In a nutshell, Cosmos bills itself as a project that solves some of the “hardest problems” facing the blockchain industry. It aims to offer an antidote to “slow, expensive, unscalable and environmentally harmful” proof-of-work protocols, like those used by Bitcoin, by offering an ecosystem of connected blockchains.
ATOM nearly reached out the Strong Resistance line from Daily TF. Price barely printed a new Higher High and moving below the structural support around $12.94 - $13.10. If price breaks and close below $12.78, then that will be good volume based entry. Alternatively, wait for the buys setups to appear.
If the current strong support of $12.534 is broken, the decline could continue to the $10.485 range. But if the supports are maintained, we can expect further growth up to the resistance range of $15.814.
The price is below the downward trend line and PRZ of the cypher pattern and is in the ending channel with weak momentum
There is a possibility that the price will decrease, but for now there is no sign of a change in the trend