ATOM formed an upward wedge along with declining trading volumes.
The price is trading in a range formed by a wide-band candle.
I expect that ATOM may continue to decline after fixing below the resistance level.
Atom is awesome because of huge bullish channel. Coin definitely has strong trend going.
Other reasons to long:
⭐️ BTC is bullish
⭐️ We are at the bottom of the channel
⭐️ Volume at the bottom
⭐️ Base is ready
⭐️ 4th approach
⭐️ 50 ATR
⭐️ Over VWAP
Will enter when price squeezes to the level on 5m timeframe, the base will form and the tape will get faster.
ATOMUSDT has been in a bullish trend. It has been moving with in a parallel channel. The price is printing higher highs and higher lows .The candles on support indicates a strong bullish momentum.
The bulls need to hold the support. While bears will be active only below break of line.
Trade your levels accordingly.
the market created a series of higher highs and higher lows inside an ascending channel below the 12.4$ area (key level)
Now the price is testing the daily resistance inside a rising wedge.
How to approach it?
The price needs to create a new higher high above the 4h resistance and retest it as new support. IF the price is going to have a breakout, According to...
The chart is really catching me , is very beautiful i think we will visit 10,8 on the bottom of the trend line then if we hold on it and btc behaves on the bottom of the trend we will see bull move on the coin to 15,8$ , maybe i will enter on 10,8$ And my stop loss will be 1h under the trend line so small risk , or let it be spontaneous .
Happy trading and I’m...
ATOM has been pumped, and it has been dumped. Capitulation event has passed, allowing market maker to restart the cycle.
One cool thing about "second class" cryptos like ATOM is that they don't even pretend that they are not manipulating the market, they just do it and they make it straight up obvious on the chart. The goal is always to remain attractive to...
Secondary trend. Time frame 1 week. Logarithm. Showing % of potential reversal zones depending on the overall situation in the crypto market.
Coinmarketcap : Cosmos
Local trend. Pivot zone. Time frame 1 day.
Main Trend Look at my previous idea published half a year ago by clicking on the "play" button on the price chart.
Judging by the observed impulse decrease, the current situation is most likely the end of wave 4, and therefore we expect the movement to end by breaking through the pivot 5.55, when approaching it, you need to be more careful with short positions and you can look for entry points to the long
ATOMUSDT is in a global uptrend. Earlier, the price made a false break through the resistance zone, but did not reach the strong resistance level of 12.487.
On the chart, in addition to the global channel, I marked a local uptrend channel, and as we can see, the price at the moment clearly works out its borders. On the pullback, the price has tested the support...
Atom has almost finished its corrective phase. We are anticipating one more drop before we take off.
SHORT Trade Idea:
- sell entries now with stops above 9.5
- Targets: 5, 4, 2.5
LONG Trade Idea:
- Once price moves lower once more, look for bullish price action
- Enter with stops below the lows
- Targets: 20, 40, HODL the rest
Goodluck and as always, trade safe!