Can Take off SoonAllow price to break above $37 to confirm strength to stay in. 1st target is $49 and then towards $60.
Trade ideas
ATOM showed incredible resistance during this crashIt's currently a very bad idea to rely on charts to predict the bottom or guess which direction the market is going to take. Macro is driving everything: probable war in Ukraine, Fed rates... However, charts do tell a story.
Over a long time frame, crypto is super mega bullish, but in the next weeks/months, there is a high probability of BTC dropping further, taking out weak alts with them.
Many alts are going to lose 90% of their value.
ATOM isn't one of them. It showed extreme resistance and did even grow significantly while everything was crashing. This is because the ATOM ecosystem is growing and showing a lot of potential.
If you look at the EMA the trend is clear. I slightly adjusted the lines from my previous analysis.
You can either buy now, or wait for it to drop a bit (which it will probably do in the next weeks), and then HODL for months and enjoy great returns. If you own ATOM already selling now is IMHO a mistake.
DYOR.
Scalping ATOMFirst time posting here. Let's see if I'm predicting this right. I'm buying at 32 to sell on 36.
Scalping ATOM.First time posting here. Let's see if I'm predicting this right. I'm buying at 32 to sell on 36.
ATOM has now retested both resistances and is a shortATOM has now retested both resistances and is shortable. Try to get an entry closer to 40, but if bitcoin continues its plunge, this could really really go as low as 31.5 and last profit point for the 5x leverage short will be 27.
A "Bull" Run for ATOM?There are a few Signs that ATOM is set for a new Rally in the coming Weeks. Is a new ATH in sight? Maybe!
ATOM did a perfect and successful bounce on the Fib. Golden Pocket @ 0.65 / 20.90$. The Golden Pocket often turned out to be a significant Level of Support or Resistance. As seen here, it held support two times, with a strong bounce back on the second test.
The Heikin Ashi candles are set for a Trend reversal, if you take a look at the MACD which is also reversing, an Impulsive move is on the Edge.
Keep in Mind, that the Altcoins still are very correlated to Bitcoin, and Bitcoin itself to some major Indexes like the DJI or SPX. If these Markets start to Correct, most likely ATOM will do the same. An entry can be searched after the MACD crossed Bullish and the Heikin Ashi Candles still showing an Uptrend.
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This Analysis is not intended to be investment advice. Always DYOR.
It may be like Bitcoin and go downtrend #ATOM It may be like Bitcoin and go downtrend . what is your idea?
ATOM - Completing longest range cycle?Hello!
The recent moves seem to match the original moves, and would nicely complete the rising wedge in (orange) as suggested by this trace (blue) and it’s fit to the currently established support and resistance vectors outline here.
This blue trace is from the previous bearish movement, which is barely visible as we started at its bullish head position. .. . . Any how . .. . . It’s the best large time frame projection i see… There is also an option for exponential growth… will have to watch the indicators, and play cautiously!
Good Luck, God Speed, Love & Light!
1.20.22 ATOM SHORTATOM is up over 12% today. Hard stop at previous resistance. This should be a level where traders take profits.
3 - 1 trade and if we dump to back test the vpvr that will be a lot more than a 3 to 1.
BTC is showing signs of a possible pullback as well after breaking a local supply line.
Lots of bearish harmonics on atom lower time frames but there is no edge for seller exhaustion. Time will tell.
very tight stop loss very low leverage.
I painted a possible butterfly harmonic which would take us to retest the vpvr and then break all time highs. Stay tuned.
ATOM/USD Inverse head and shoulders patternPossible inverse head and shoulders in the making for atom/usd. We may have a little bit of downside if BTC has a wick down however, patience will be rewarding. Altcoin market dominance on a longer trend looks bullish for now. Need a push down in BTC dominance for the alts to rally. Lets see what the next few weeks and months brings. Stay positive and level headed. (not financial advice).
Still long on ATOMAn update on COINBASE:ATOMUSD - I'm still bullish (whatever that means), I would worry if we get deep below 30 USD. I think price discovery will start in the next weeks.
Everything is crabbing right now because the money printer stopped and we're switching to a zero sum game. It won't last IMHO as I expect institutional money to move in later this year. ATOM temporarily escaped the macro trend because it has extremely positive news on its own.
Stay lo iq. DYOR.
Cosmos shortCosmos broke trough the ascending trendline. Asset broke trough the support level. Decline to support level at 33 is expected to happen.
ATOM - Flat top Consolidation?I recall reading that throat top consolidation patterns have an increased likely hood to break out in the direction of the flat. . .. . Like its building up pressure under the resistance until it pops! I’m talking about the yellow triangle on this chart.
If that is true, the blue trace is scaled from a previous time when the price pressed up into a resistance level with a flat top wedge shape.
Per Eliot wave theory, we normally see a low level, mid level, and top level in any motive wave. In between each level, there should be a little pull back (at a level on a smaller time frame) between each of the bottom mid and top main levels. That observation also guides and correlates with this blue projection.
We can also see that we have entered into a harmonic pattern that has departed bullishly from the orange pattern that had been influencing us.
Depending on the success of this bullish effort, we will wait her continue our bullish departure, or have a larger gap to make up on the next bearish movement, since the support levels that the orange trace is dancing along are still significant for use… and quite a bit lower now. We have observed many times where an additional leap transforms into a continued bearish move similar to the forecast, as it crests over. Like the drummer played an extra enthusiastic note on this level.
If you are interested in following along as these moves play out… follow me… and ill post updates to this post throughout the week :)
Good Luck, God Speed, Love & Light!
Update: ATOM now at a very crucial pointATOM was rejected at 45 for the 6th time. Take some pofits if you bought at low of channel
so you can still buy at breakout of 45.
Be careful. watch Atom if it can still hold 40 & 37.
If not, it may be doing a Gartley pattern down to
30, the low of the big trading channel of 30 to 45.
ATOM arc bottom
ATOM arc bottom
it has been adjusted
It's about to start a new round of gains
Follow me to take you to achieve financial freedom
Another Rejection from Resistance or New ATHs Ahead??It's a tempting short position due to the risk to reward ratio. But Atom has tested this high three times already, will it fail a fourth?
$ATOM to enter price discoverygm
There's not much to say, the CRYPTOCAP:ATOM ecosystem is going to be the center of attention in the next months and we're about to enter price discovery. If you haven't entered earlier, now isn't too late. This is a very solid project with great fundamentals.
If the overall crypto market continues to be bullish $200+ is absolutely within range. We did 4X in less than 6 months and the trend seems to accelerate.
Keep it lo iq. Only invest what you can afford to lose.
ATOM DI'm long. Publish for the lulz as we hit measured move targets at 55 to see a reaction.
Thanks to the sniper for reinforcing buy zones rather than the degen fomo lyfestyle!
ATOM Short IdeaI am looking for a short for ATOM because it is now oversold on RSI at 1 hr, it is in the daily order block that has seen multiple rejections, the lower time frame entry from a 5min perpetual down candle that I am looking at. The invalidation is candle settles of 5 min above 42.38.
ATOM, there is a high probability of a new high.The following content is machine translation:
A pullback was blocked near the previous high.
Support lows keep rising.
From the point of view of this rising wave, it can be seen as 5 waves.
It is currently in a 5-wave uptrend.
Wave 5 will surpass wave 3 to break new highs.
The indicator macd rejects the Sicha trend.
Waiting for new highs.
ATOM on the move and bullflaggin'Atom has come up off support and gained interest from the buyers, BTC seems to be holding. I have identified a bull flag in the works if we can just hold momentum for continuation. We are about to flip the hull suite as well, seems bullish to me. NFA, DYOR
ATOM (Cosmos) making a flag after 2 buy signalsWe now have Faang crypto version.....the FOAN (Ftm One Atom Near).
Two previous buy signals generated by Stoch Rsi cross, CCi & ema5...waiting for 3rd.
Now seems to be making a flag pole with a measured Target.
Not financial advice.
