Trade ideas
ATOM - The Bomb?ATOM has had an enormous recovery surge currently 36% to take price to higher high.
This impulsiveness is a big clue that this coin is ready to have a solid rally good for swing trade as BTC recovers.
However bearish divergence suggests there may be a correction coming first.
ATOM is responsive to the 4H50ma and 4H200ma. If price tags the 50ma area, that will be a suitable entry I think.
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Please note - I am bearish on BTC mid term. This trade is a swing only to capture high volatility in trending end phase. It is risky. A BTC capitulation will destroy this trade. However I think it will be a successful as BTC drifts sideways and up in recovery.
Not advice
$ATOM - COSMOS Cup and Handle forming on the weekly. Updated!The pattern held! I have provided the first target and a couple of invalidation targets as well. The highlighted green portion is my first expected push and if we hit a sideways or downward trend from here, possibly due to BTC retesting lows etc... things could certainly change fast. For now however... Up it is! Cosmos has a lot going for it fundamentally and they have more and more stuff coming online every day. Check out the ecosystem if you haven't yet. Thank you for taking the time to look through my idea. I appreciate any feedback.
Trade with patients, trade with wisdom. Live long and prosper! 🖖
Cosmos Ecosystem link here: cosmos.network






















