ATOM: Resistance BreakoutTrade setup : Price remains in an Uptrend. It has broken back above $12.00 resistance to signal resumption of uptrend, with +20% upside potential to $14.30, where it got rejected 2x (Double Top) in March. Stop Loss (SL) level at $10.60.
Trend : Uptrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Mixed as MACD Line is below MACD Signal Line (Bearish) but RSI ~ 50 (Neutral). MACD Histogram bars are rising, which suggests that momentum could be nearing another upswing.
Support and Resistance : Nearest Support Zone is $10.00, then $9.00. The nearest Resistance Zone is $12.00, which it broke, then $14.30.
ATOM
ATOM LOOKS BULLISHIt has an ascending structure. Price had tried to create a bearish CH but failed and only the liquidity pool at the bottom of the chart was swept.
If there is a pullback on the demand range, you can look for buy/long positions.
The targets are clear on the chart.
Closing a one-day candle below the invalidation level
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/USDT - Support Holding Strong and expecting bounce backBINANCE:ATOMUSDT (4H CHART) Technical Analysis Update
ATOM/USDT is currently trading at $9.006 and consolidating around the strong support area at 8.784-9.006
We can expect the price to consolidating around the above range for next few dance and i'm expecting the price to bounce back from this.
If the price bounce backs we have a nice LONG trade with a good potential profits.
Long Entry level: $9.374 (After Breakout)
Stop loss: below $ 8.187
Target 1: $9.809
Target 2: $10.314
Target 3: $ 10.973
Target 4: $12.083
Max Leverage: 5x
Don't forget to keep stop loss.
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🛠️ ATOM Long Trade Setup 🛠️📈 Analysis:
Market Observation: Layer 1 coins have been performing well recently, with ATOM showing resilience.
Support Area: ATOM is currently trading in a support zone, presenting a potential entry opportunity.
BTC Influence: Considering BTC's potential downward movement, a tighter stop loss is recommended to mitigate risk.
📊 Trade Setup:
Entry: Ladder into a spot long trade in the $11.50 - $12.50 support area.
Target: Take profit at resistance levels of $14.50 - $15.00 or $16.00 - $17.00.
Stop Loss: Place a tight stop loss just below $11.00 to manage risk amid BTC's potential volatility.
🔍 Note: Monitor market conditions closely and adjust your strategy accordingly. Be prepared for fluctuations in BTC's price and its impact on ATOM. Consider setting trailing stops to protect profits.
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Cryptolean Cosmos ATOM Update After printing a double top in the daily chart, Cosmos declined and now is trying to reverse from the key daily support level at $11.42, re-testing $12.09 resistance.
A bullish break-out of $12.09 and a bullish candle closure above this level will result in a re-test of $12.89-$13.46 and, possibly, higher.
A rejection $12.09 followed by a bearish break-out of $11.42 will push #ATOM price lower towards $10.16.
Intraday Chart
The ATOMUSDT 4-Hour chart is bearish and teasing $12.24, the key intraday resistance.
A bearish rejection of $12.24 will push Cosmos price towards the key intraday support zone at $10.11-$10.71, where I will be closely watching the price action of ATOM.
A bullish break-out of $12.24 will push price to re-test $13.54, however the price action may be slow and choppy.
Support once read!
Thank you.
ATOM: Pullback in UptrendTrade setup : Price is in an Uptrend. Pullback near $12.00 support could be a swing trade entry opportunity in Uptrend, with +20% upside potential back to $14.30. Stop Loss (SL) level at $10.90.
Trend : Uptrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Mixed as MACD Line is below MACD Signal Line (Bearish) but RSI ~ 50 (Neutral).
Support and Resistance : Nearest Support Zone is $12.00 (previous resistance), then $10.00. The nearest Resistance Zone is $14.30, then $15.50.
ATOM/USDT Bullish ride boom from demand?🚀 ATOM BOOM💎 Yello ladies and gentlemen! Get ready for an exciting chance with #ATOMUSDT as we've spotted it bouncing around in a range, hinting at potential price movements ahead.
💎 Checking out #ATOM, it's been giving a nod to its short-term resistance (RI). We're eyeing a bullish leap from the demand zone at $9.249, but that's banking on the price keeping up its energy at this level. If it manages to do so, we might just see it bust through RI and embark on a bullish journey.
💎 Ready to catch every opportunity? Keep your eyes peeled if the CRYPTOCAP:ATOM slips below the DZ. In that case, a cool, calculated wait for a bullish swing from the lower demand zone at $8.417 is the move, thanks to the juicy liquidity waiting there. Dipping below that? Brace for a possible dip.
Swing trade setup on Atom coin Atom 4h chart is given. Price did a clear break of structure with leaving Behind a proper Fvg with Order block. And did break previous bearish Order block. That is now breaker Block. Also formed liquidity zones where we will enter Long in our position. This is my idea. What's yours?
ATOM/USDT potential upward move from demand? 👀 🚀Atom💎Paradisers, it's crucial to pay attention as #ATOMUSDT shows significant activity after a rejection at the Fibonacci 0.786 level. This cryptocurrency is now poised for a potential move upward from its current demand zone. If it can sustain momentum, we're looking at a high chance for a strong bullish surge. However, it's essential to remain alert and carefully observe the price action.
💎Adapting to Market Changes: Should #ATOM struggle to maintain its momentum from this demand level, it's time for savvy trading decisions. Adapting our strategy to align with the prevailing market sentiment is crucial. Expectations are set for a bullish rebound from the key support at $12.214, underlining the importance of staying flexible and responsive to market dynamics.
💎Navigating Market Uncertainties: Considering the market's unpredictability, a break below of NASDAQ:ATOM from the key support level would signal that sellers have gained the upper hand, leading us into bearish territory. This development would necessitate a strategic reassessment, as it clearly indicates a shift in market sentiment favoring the bears.
💎 Strategic Considerations for Paradisers: In these times of market fluctuation, keeping a close watch on key indicators and being prepared to pivot your strategy accordingly is paramount. Your ability to adapt and respond to market sentiments as they evolve will be key to navigating the uncertainties of the cryptocurrency market. The Paradise Team is here to guide you through these developments, ensuring you're equipped to make informed trading decisions.
ATOM - LONG TERM - ATOM, short for Cosmos Atom, is the native cryptocurrency of the Cosmos Network, a decentralized network of interconnected blockchains. Launched in 2019, ATOM serves as the fuel for transactions and network operations within the Cosmos ecosystem.
The Cosmos Network is designed to overcome the limitations of existing blockchain networks by enabling interoperability and scalability. It achieves this through a unique architecture called the Cosmos Hub, which acts as a central hub connecting various independent blockchains called "zones."
ATOM plays a crucial role in the Cosmos Network as it powers the consensus mechanism and governance of the Cosmos Hub. Validators, who secure the network and validate transactions, are rewarded with ATOM tokens for their services. Additionally, ATOM holders have the opportunity to participate in on-chain governance by voting on proposals to upgrade the network, allocate funds, and make other important decisions.
One of the key features of ATOM is its interoperability with other blockchains within the Cosmos Network. Through the use of the Inter-Blockchain Communication (IBC) protocol, ATOM holders can transfer assets and data between different zones seamlessly. This interoperability allows for the creation of interconnected blockchain applications and facilitates cross-chain asset transfers.
ATOM holders can also stake their tokens to participate in the Cosmos Network's proof-of-stake (PoS) consensus mechanism and earn rewards in the form of additional ATOM tokens. Staking ATOM helps secure the network and ensures its continued operation and decentralization.
The Cosmos Network aims to enable the creation of a decentralized internet of blockchains, where different blockchain projects can interact and exchange value freely. ATOM serves as the native currency that powers this vision, facilitating transactions, securing the network, and enabling governance within the Cosmos ecosystem.
Overall, ATOM plays a vital role in the Cosmos Network's mission to build a more scalable, interoperable, and decentralized blockchain infrastructure. As the ecosystem continues to evolve and grow, ATOM is expected to remain at the forefront of innovation in the blockchain space.
ATOM/BTC Long HTF TradeI have been looking for a good long opportunity against Bitcoin. With the high volume of capital inflows to crypto that has been stimulated with the ETF/Halving Bull Cycle, the question is, where will it flow to next?
Meme coins, old school cryptos, L2s, gaming?
The answerer is all of the above... duh.
If I had time I would scour the crypoverse looking for some promising low caps or the latest and greatest AI coin. But alas, I do not..
So... lets look at what coins have absolutely killed in the last six months. INJ, TIA, FET, and RUNE. What do they all have in common? Cosmos! Looking at a high time frame trade to capture the bottom of a grinding 390ish day erosion of price on the ATOM/BTC pair. I tried to illustrate how the pair trends for about 3 month clips up and down. Going from yearly high to yearly low.
I really think this could rally 50% in a hurry. You can see that the pair has gone on a more than 200% gain from the trend low to high. (Has actually happened 5 times!) I think this trade is primed due to how beat up the price pair is and the year plus single direction move. The compression of the price range, extensive price move of Bitcoin and money flow to coins built on the Cosmos ecosystem are the catalyst to kick start this trend change.
I would love other's thoughts on this idea. Am currently looking into the tokenomics of the coin to see if I am missing anything but since when do tokenomics and logic mean anything in crypto? I know there was hard fork talk and contention about lowering the yield down to O%, the proposal failed but the BTC price pair has never recovered.
Cosmos (ATOMUSD): To the moon!Cosmos (ATOMUSD): BINANCE:ATOMUSD ATOMUSD
For Cosmos (ATOM), the analysis begins with the correction phase that concluded around $5.65, following the first bull market. Since this point, Waves (1) and (2) in blue have been formed and completed, with the local high of Wave (1) at $17.16. This correction was a three-part downward move ABC. Upon closer examination, it's evident that since the end of Wave (2), a subordinate 5-wave cycle has concluded, that we expect to be the Wave (i) followed by a more complex Wave (ii) correction in black. Now, it appears that Wave (i) in blue of the second smallest wave structure has potentially finished.
Our expectation now is a significant pullback to the 50-78.6% retracement levels, which are between $10.12 and $9.33. This zone is where the market should find support, particularly around the 61.8% level, where significant buying volume is anticipated. The strategy for ATOM is to aim for a longer-term hold, especially with this being part of a smaller wave, suggesting a relatively advantageous entry point could be identified with this Wave (ii) correction.
The analysis strongly indicates that ATOM should reach or surpass the $17.16 mark relatively quickly, suggesting confidence in the asset's potential for appreciable growth from its current phase. This perspective underscores the analyst's interest in frequently and thoroughly analyzing Cosmos due to its perceived potential and interesting dynamics within the cryptocurrency market.
ATOMUSDT.1DBased on the provided market data, ATOM/USDT is currently trading at 13.683. It's within a moderate bullish trend on the 4-hour chart (Rsi4h: 60.12, Macd4h: 0.103) and showing strong bullish signals on the daily and 7-day timeframe (Rsi1d: 68.44, Macd1d: 0.909, Rsi7d: 69.88, Macd7d: 0.863).
On the 4-hour chart, the pair is trading close to its first resistance level at 13.901. If it breaks above this level, the next resistance is at 14.582, followed by 15.395. On the downside, the immediate support levels are at 13.401, 12.650, and 12.289.
On the daily and 7-day charts, the pair has strong resistance at 14.535 and 15.500 respectively, followed by 15.940 and 17.184. The support levels are 11.917 and 10.345 for the 1-day and 7-day charts, respectively.
In terms of Bollinger Bands (Bb), the pair is trading below the 4-hour, daily, and 7-day upper bands, indicating that it is not overbought in these timeframes.
In conclusion, ATOM/USDT shows a bullish trend in the short and medium term. However, as the RSI is above 60 on all the mentioned timeframes, it indicates that the pair could be heading towards the overbought territory, which could lead to a potential price correction. Investors should keep an eye on the resistance levels and RSI to watch for potential breakout or reversal signs. As always, it's important to consider other market factors and your personal risk tolerance when making investment decisions.
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It's Finally time for ATOM! Bullish Div. WeeklyAtom has formed a weekly bullish divergence. Atom has been very weak during the past bear market and didn't show any strength in the most recent run.
But it's different and we can expect NASDAQ:ATOM to rise against ETH for at least %200.
ATOM/USDT Ready for a Bullish Rally? 👀🚀ATOM Analysis💎Paradisers, let's explore #ATOMUSDT, as the current market behavior offers a great opportunity for a bullish comeback from its vital support zone.
💎Examining #Cosmos's recent market performance, we notice a consistent 30% drop from its last peak. Nevertheless, its strength at the support level of $8.75 shows the possibility for an upward trend.
💎Despite challenges in setting new highs or surpassing previous achievements, which has created a short-term bearish outlook, the $8.75 mark is essential for #ATOM. This level is on the verge of sparking a significant bullish momentum upon reassessment.
💎As proactive traders, we're always prepared with a backup plan. If #ATOM falls further from this support, we're expecting a bullish revival starting at the secondary support of $7.52. However, it's important to note, breaking this level might signal extended bearish phases.
💎Stay adaptable in your trading approach and alert with the market movements, Paradisers. Your ParadiseTeam is actively watching, ready to guide you through these market fluctuations.
📈Atom's Weekly Breakout Watch: Chart Signals Bullish Momentum⚛️🔍In the weekly timeframe, Atom's price action has remained within consolidation since May 2022, without a breakout for over 660 days. However, recent developments show a significant breakout of the trend line, supported by confirmation signals based on Dow Theory principles in the preceding candlestick.
💎The Fixed Range Volume Profile indicator complements the Dow Theory trigger, confirming the uptrend with increasing volume.
💥Furthermore, the RSI oscillator has breached the 65.11 level and reached the overbought zone around 70, indicating potential heightened volatility.
✨Despite these bullish signals, Medium Wave Cycle (MWC) and High Wave Cycle (HWC) ranges continue to exert influence, with a robust supply zone observed between 14.6 to 16.2, posing resistance even against all-time highs.
🛒For traders seeking aggressive positions, entering a long position upon the close of the current candle or in the spot market may be viable. Alternatively, conservative traders may opt to await price reaction within the supply zone and confirm the trend in subsequent candles.
📉In the event of a reversal from the supply zone, potential buying opportunities may emerge within the range of 9.5 to 11, pending confirmation of candlestick patterns.
ATOM ANALYSIS (1D)ATOM seems to be completing a large triangle, we are now in the middle of the bullish wave D of this triangle.
By maintaining the green range, it can move towards supply.
The targets are marked on the chart.
Closing a daily candle below the invalidation level will violate the analysis.
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