Cosmos ATOM will find it’s bottom at this level!Hello, my friends!
As I told you many times all cryptomarket will show us the last stage of the bear market. ATOM is not the exception. Cosmos is a funamentally strong project and if you believe in it’s bright future I will share with you the price levels where I am going to purchase it.
ATOMUSDT has the clear Elliott waves structure. Waves 1, 2 and 3 have been printed. Wave 4, as I consider has been also finished at $17 and I don’t think that the price will reach this level only in the next bull run. This price level perfectly coincides with the 0.38 Fibonacci retracement. This is an ordinary wave’s 4 target.
Now ATOM is in wave 5, but where is the final bottom target. I have some difficulties with it’s defining using trading chaos approach, because it has the negative value. In this case I use the liquidity collection approach. I can see the greatest liquidity pool at the $3-$3.3 area. I suppose that price with 90% probability reach this levels. We should see the divergence on the Awesome Oscillator on the 3D time frame to make sure that the bear market is finished. Let’s see what will happen!
Best regards, Ivan
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ATOM
ATOM: Approaching ResistanceCosmos (ATOM) technical analysis:
Trade setup : Price has bounced off of $8.50 support and broke back above $10 resistance, however another resistance looms ahead: 200-day moving average at $11. If it breaks above that, it would make a Higher High and signal trend reversal to Uptrend.
Trend : Uptrend on Short-Term basis and Downtrend on Medium- and Long-Term basis.
Momentum is Bullish (MACD Line is above MACD Signal Line and RSI is above 55).
Support and Resistance : Nearest Support Zone is $8.50. The nearest Resistance Zone is $10.00 (previous support), then $12.50.
ATOMUSDT Short Trading Idea with Easy Invalidation.ATOM Short Trading Setup.
What I'm Looking In this Trade:
H4 Retest of key level 9.5 to fill previous vector candle.
Starting to DCA from 9.447 following next bid at 9.615 just incase fake pump or scam wick.
Confirmation to setup will be hard rejection at 9.615 with H4 Closing near 9.5
Hence, Its an easy invalidation to setup and reward is 4x time grater than risk.
ATOMBTC looks bearish (57 % dump likely) ATOMBTC has been in a very well-defined downtrend from January 2022.
A temporary horizontal support has held , however the price remains under downsloping resistance and overall the structure is very bearish as it's been creating only lower highs and lower lows.
We expect downtrend to continue for a while therefore 57 % dump is likely for ATOMBTC. After that it makes sense to flip bullish on this pair.
In August 2022 we published analysis where we expect a huge drop for a whole crypto market:
So far, this idea is playing out as expected and we believe that the final capitulation is coming which would trigger a 50%+ dump on ATOMBTC as well.
ATOMUSDT 1D Interval ReviewHello everyone, welcome to the ATOMUSDT 1D chart review.
Using the white line we will mark the trend line, as you can see the price is trying to break through the indicated trend, when it did it did not test it and quickly reversed. Currently, we can determine the local downtrend line with which the price is fighting.
As for setting support, we will explore it with Fib Retracement, the first support is at $8.05, when it is broken the next support is at the last low at $5.56.
Looking the other way, we have a lot of room for growth, however, the zone from $ 12.83 to $ 17.16 is significant, only when the price goes above this zone, and then positively tests it and establishes a new support, we will see an open road towards the price of $ 22.40, and then $ 31.26 .
At the moment, the volume is insignificant, the energy has been used for the last correction, the MACD begins to indicate the entry into a local uptrend, while the RSI after touching the lower limit begins to slowly increase.
✴️ Cosmos Potential For Recovery | $27 Possible On HHWhat do we have here?
Why recover and why now?
The potential for Cosmos (ATOMUSDT) to recover is shown by a repeating pattern as well as other signals that we will look at together.
Let's start with the high bearish volume in early November.
This is the US mid-term election / FTX crash / Uranus planetary transit 🤪...
This period had very strong volume, lots of bear pressure but ATOMUSDT remains trading within a higher low compared to mid-June 2022.
We can also appreciate the current price trading above the 0.786 Fib. retracement level.
As trading volume drops, there is possibility for the bullish trend to resume.
Higher lows can lead to higher highs.
This would set the next target at $27 but initially $15.5 would be the main resistance.
CAUTION
- There is still no bull/green volume.
- Prices remain trading below EMA10.
These are just early signals because nothing has been confirmed.
There is potential for a recovery here but it can continue dropping before the next jump.
Please keep that part in mind.
We are early as usual... Confirmation is yet to come.
Namaste.
ATOMEUR 'D' - Sat on Support? Or a Drop Incoming?Crypto Tipster v2 sent us a Sell signal on Atom / Eur on the daily chart, and it has proved itself to be quite a reliable indicator with Atom recently! Should we follow this signal? The current price does seem to be sat on nice little ledge of support, but if this was to break down the next support isn't until after a near 30% drop - that could prove to be quite a trade! Keep your stops tight on this one if you do decide to trade, and aim for at least a 20% drop.