🔥 ATOM Dropping Like A Rock: Triangle Break OutATOM has been leading the bearish pack over the last few weeks. Where most alts saw some minor pumps or flat periods, ATOM has been going down all the time.
As popular theory suggests, sell the losers and buy the winners. So, we're scouting a short-entry for ATOM.
ATOM is rapidly advancing towards the bottom support of the triangle pattern. Personally, I'm waiting for a break out before considering a short. Patience is key.
Short-term targets in blue
Trade ideas
waitCurrently, the risk to enter is high, so we have to wait for the price to return to around 15, and after that, the position is suitable for selling.
⚠️ This Analysis will be updated ...
👤 Banipal : @hosseinbakrani
📅 02.23.2023
⚠️(DYOR)
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✅TS ❕ ATOMUSD: downward channel✅✅ ATOM movements in a downtrend.
The chart has returned to the downtrend channel.
The asset will continue to decline. ✅
🚀 SELL scenario: short to 11.55. 🚀
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Remember, there is no place for luck in trading - only strategy!
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(ATOMUSD) has good growth potential to values of $20.00Bitcoin has shown growth to values of $25,000. By April and possibly including the month of April, Bitcoin may gradually reach around $30,000. Altcoins currently have good entry points for a mini alt season.
I have selected coins that are interesting to buy in this mini alt season and that have potential for growth.
— The coin ATOM (Cosmos) is a buy point at $14.00
— The zone ATOM (Cosmos) for profit-taking is $20.00
— The peak price is most likely to be in April
ATOMUSDT Elliott Waves AnalysisHello friends.
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Everything on the chart. (update)
Nothing has changed from my last analysis, we got correction like i expected, waiting for continuation of growth from current price or through ~11.
Entry: market and lower
Targets: 18 - 22 and maybe even 25
after first target reached move ur stop to breakeven
Stop: 8.5 (depending of ur risk). ALWAYS follow ur RM .
RR: 1 to 4
risk is justified
Good luck everyone!
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$ATOMUSDT: signal in the daily, could evolve into monthly trendCosmos 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 time (within 6 months).
Seems like a nice setup to ride a potential resurgence in crypto, with a small speculative position.
Best of luck!
Cheers,
Ivan Labrie.
ATOM/USDT inside triangle formation! Hey, guys ✌️
ATOM coin is another one on our watchlist. We see this coin inside a triangle formation which is coming to an end phase where corner is getting tighter and chances of breakout or breakdown are bigger with every hour.
Will be watching closely this one and waiting for a possibility or turnover or even a breakout but main thing here is to exit that formation. Meanwhile it is good to trade this coin from side to side!!
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We are not financial advisors. The content that we share on this website are for educational purposes and are our own personal opinions.