ATOM
FTX - A Failure of Crypto, or Fiat?Binance recently announced that they will not be going forward with FTX's bailout - so the future of the company and its holders still hangs in the balance. (The FTT token has been removed from this site since, but last I checked it was down 95%+.) Is this the "end of crypto"?
Well, not quite - MATIC, ATOM, DOGE, ETH, LINK are still in up in the last 6 months, despite the recent drop, highlighting the fact that the fact that the appetite for taking bets on the crypto market is still there. Given that the recession woes are still there, many are likely still on the sidelines waiting for the market to bottom out before deciding to get back in. The downturn was expected, but it's also possible to make the argument that the industry is still doing better than expected.
Here's the tricky part: the FTX scandal is triggering for a lot of people in finance because FTX had their hand in basically everything: crypto, fiat, regulators, celebrities, political parties (SBF and his families have strong ties to the Democratic Party, as records show), the media, and the banking system - both old and new. Unlike previous scams/scandals (e.g. Mt. Gox), FTX had the buy-in of mainstream money and institutions (including regulators) which also calls into question the effectiveness of the institutional safeguards as well.
Who's fault is it? There's likely going to be a lot of finger-pointing in the upcoming months as the mess gets sorted out, but the question for investors right now is whether or not the market is going to see this scandal as a failure of the industry, or a failure of the regulatory framework that currently exists. So far, the results are still unclear.
The irony of the FTX scandal is that these were the sorts of problems that crypto set out to fix - had they used crypto for its intended purpose (on-chain governance, transparency in their financial records and dealings), it's very likely that these issues would have been caught way earlier before it became too late. Some will leave, some will stay, but the ideal outcome to come out of this scandal would be for the people themselves to demand higher standards in accounting and fiduciary duties.
Cosmos (ATOM) - November 15Hello?
Traders, welcome.
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Have a good day.
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(ATOMBTC 1W chart)
If it is supported in the 0.005 440 ~ 0.0006 266 section, it can be seen that the power of the rise is large.
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(ATOMUSDT 1W Chart)
It declined in the important zone of 12.887-15.083.
The volume profile section and the HA-Low indicator are passing through the 8.060-9.603 section, so if supported in this section, it is likely to turn into an uptrend.
(1D chart)
The important thing is whether you can rise to the 12.887-15.083 section and be supported.
If not, you need to make sure it is supported in the 8.060-9.603 section.
Therefore, it is necessary to check whether there is a movement out of the 9.603-12.887 range due to the volatility around November 21st.
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** All descriptions are for reference only and do not guarantee profit or loss in investment.
** If this chart is shared, you can use the indicators normally.
** The MRHAB-T indicator includes indicators that indicate points of support and resistance.
** HA SRRC indicators are displayed as StochRSI (line), RSI (columns), and CCI (bgcolor).
** The CCI indicator is displayed in the overbought section (CCI > +100) and oversold section (CCI < -100).
(Short-term Stop Loss can be said to be a point where profit or loss can be preserved or additional entry can be made by split trading. This is a short-term investment perspective.)
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BRIEFING Week #46 : Oh my FTX... But look at SPX !Here's your weekly update ! Brought to you each weekend with years of track-record history..
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ATOMUSDT 1HATOM at this exact moment visiting the median of the keltner channel, being able to migrate straight to the upper edge at 11,196, it all depends on how the market in general is absorbing the blow suffered. The high-octane ATOM will get through this crisis just fine. Here are their supports and resistances:
S: 10,374 / 9,368 / 8,575
A: 11,196 / 11,826
ATOM USDT Short 👑Hello TradingView community 🚀 and my followers, please if you like the ideas, don't forget to support them with likes and comments, thank you very much and here we go.
Today I want to talk to you about the ATOM chart.
At the moment price break the triangle.
Then, I think ATOM breaks continue to move down to my goal.
My target is located at charts level.
I expect this scenario.
This is my opinion, I really hope it will be useful for you.
Be prepared and save your money. Make big profits!
Atom (cosmos) One of my best ALT Coins .
I predict before it will go to 5 $
Now 5 is easy target , although it pull-up to 17$Where it was best performing crypto in bear market .
I know ppl bought it at 10 thinking its going to the moon from their ! I think 5 $ is a good price to buy .
Shorting to 8 $ from here (not financial advice )
GOOD LUCK
ATOM SHORT SETUPHello, dear traders. how are you ? Today we have a setup to SELL/SHORT the ATOM symbol.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
Atom did the most over the weekend(from nov 5) "totally not an expert here, but +~40% in a 2 week period is a red hot run. feel like its time for a retracement to some support for more fuel upward. yellow line is one i've been abiding by for the last few weeks, drawn up based on past supports and averaging their area. that is acting as my bull scenario. ghost bars are a skewed mirror of the last 3 months and act as downward trajectory with a large buy target of around 10.6 usd if the market decides to dump.
sales were laddered with targets in the 14.75-15.80 range with 16usd as the max i'm willing to be greedy. entry was around 11.75
honestly wouldnt be upset or surprised if atom took a turn in the short term and lost around 15-20% since these past few months has been a boom time since the low of around 6 bucks."
updating that idea, it seems my broad path (yellow) was generous in the time it would take for targets to be met since there is some misalignment. i was banking on the moving average cross to fuel a rise to the 16 dollar area before rejection. i still have a buy anticipating retracement to the mid-high 13.xx area, having sold 2/3 of my position around 15.50. expecting a mid week fall to my short term target area. meltdown target is still the big buy box in the 10 dollar area, but that is a position on my weekly timeframe views.
im short term short, mid term long, long term long with caution
BRIEFING Week #45 : Still some Incertainty in the short-termHere's your weekly update ! Brought to you each weekend with years of track-record history..
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#ATOMUSDT Resistance approaching $17 Trade setup: Price has regained its uptrend but is approaching $17 resistance where it got rejected 2x in September (Double Top). Wait for a pull back near $14 or $12.50 key levels for another swing entry in uptrend. (set a price alert).
Trend: Uptrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Bullish ( MACD Line is above MACD Signal Line and RSI is above 55).
OBV (On Balance Volume): is rising, indicating that volume on Up days is greater than volume on Down days. Hence, demand (buyers) exceeds supply (sellers).
Support and Resistance: Nearest Support Zone is $12.50, then $10.00. The nearest Resistance Zone is $14.00, which it broke, then $17.00, and $20.00.
ATOM SHORT SETUPHello, dear traders. how are you ? Today we have a setup to SELL/SHORT theA TOM symbol.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
💡Don't miss the great buy opportunity in ATOMUSD @cosmosTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (13.254).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. ATOMUSD is in an uptrend, and the continuation of the uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 67.
Take Profits:
TP1= @ 14.613
TP2= @ 15.267
TP3= @ 16.115
TP4= @ 16.964
TP5= @ 18.500
SL= Break below S2
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. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
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💎 Want us to help you become a better Forex / Crypto trader ?
Now, It's your turn !
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
💡Don't miss the great buy opportunity in ATOMUSD @cosmosTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (13.254).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. ATOMUSD is in an uptrend, and the continuation of the uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 67.
Take Profits:
TP1= @ 14.613
TP2= @ 15.267
TP3= @ 16.115
TP4= @ 16.964
TP5= @ 18.500
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your support is very much 🙏 appreciated!❤️
💎 Want us to help you become a better Forex / Crypto trader?
Now, It's your turn!
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
ATOM/USDT - LONG ----- Welcome, dear followers! -----
- Here is my trading methodology. I trade with a normal system and analysis of resistance and support, as well as price reversal patterns.
- For the record, I do not place a stop loss within my trades. So that I only risk 1.5% of my total capital in order to support the loss due to a price reversal against me.
- If a price reversed against my expectation and touched the drawn line r3, then I transferred targets to the entry point and waited for the price to close at it with a loss equal to almost zero.
- Today's deal is shown in the chart, and here are the entry and exit points below.
-- Support me with numbers and follow up on my account for other deals in the future. Thank you for coming to this part. --
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⚡️⚡️ #ATOM/USDT ⚡️⚡️
Client: My-Binance Futures
Trade Type: Breakout (Long)
Leverage: Isolated (1X)
Entry Targets:
1) 12.854 - 100.0%
Take-Profit Targets:
1) 13.332 - 55%
2) 13.997 - 30%
3) 15.090 - 10%
4) 16.832 - 5.0%
Trailing Configuration:
Entry: Percentage (0.0%)
Take-Profit: Percentage (0.0%)
Stop: Breakeven -
Trigger: Target (1)
ATOM long or short?ATOM formed double top near 17.06, the lowest price came to 11.81 (1.382), and then rose back above the trend line.
The circle marked in the figure is a small bear flag formed near the trend line, and then ATOM fell below the trend line again, the price came to 10.91 (1.618), and ATOM appeared a double bottom here.
-
The current price is back to the trend line again. If ATOM closes above the trend line, you can enter the market with long order.
-
ATOM stop loss price: 13.26, 11.81 and 10.91 (selected according to the ability to take risks, the closer the stop loss price is to the entry price, the higher the R/R ratio, but the greater the risk).
Take Profit Price: 16.95
-
If ATOM does not close above the trend line, there is still a chance to reach the double top target at 9.46.
-
ATOM/USDT - SHORT----- Welcome, dear followers! -----
- Here is my trading methodology. I trade with a normal system and analysis of resistance and support, as well as price reversal patterns.
- For the record, I do not place a stop loss within my trades. So that I only risk 1.5% of my total capital in order to support the loss due to a price reversal against me.
- If a price reversed against my expectation and touched the drawn line r3, then I transferred targets to the entry point and waited for the price to close at it with a loss equal to almost zero.
- Today's deal is shown in the chart, and here are the entry and exit points below.
-- Support me with numbers and follow up on my account for other deals in the future. Thank you for coming to this part. --
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⚡️⚡️ #ATOM/USDT ⚡️⚡️
Client: My-ByBit USDT
Trade Type: Breakout (Short)
Leverage: Cross (3X)
Entry Targets:
1) 13.490 - 100.0%
Take-Profit Targets:
1) 13.320 - 20.0%
2) 13.025 - 20.0%
3) 12.540 - 20.0%
4) 12.220 - 20.0%
5) 11.730 - 20.0%
Trailing Configuration:
Entry: Percentage (0.0%)
Take-Profit: Percentage (0.333%)
Stop: Breakeven -
Trigger: Target (2)