ATOMUSDT
ATOM bearish sentimentSeptember has major catalysts for the crypto market as well as for the stock market.
The Ethereum merge on September 6th, that will end on Sept 20, the inflation report on September 13 and the next FOMC meeting afterwards with the new interest rates hike.
That is reflected in the crypto space in general as a bearish outlook.
ATOM is a cypto with a negative overall sentiment recently.
I have the following price targets:
ATOM/USDT
Entry Range: $11.40 - 12.10
Price Target 1: $10.45
Price Target 2: $9.65
Price Target 3: $8.80
Stop Loss: $13.40
ATOM - BIG GAINS 💰Atom is almost at the end of its corrective wave. We are now anticipating the 5th wave, which should go below the end of Wave 3, hence why we want price to go below the structure.
Atom is offering one of the best returns. If we buy it at $4 and close at $40 , that's a 1000% return on your investment (atleast).
Trade Idea:
- Watch for price to go below the structure (below $6)
- Once we're there, look for bullish reversal signs such as trendline break, BOS etc.
- Targets: 20, 40, 60, HODL the rest
Goodluck and trade safe!
ATOM | Macro AnalysisHi guys! Please, support this idea and click the Boost button. Thank you!
Let's start with what COSMOS (ATOM) actually is.
Cosmos is a Proof-of-Stake Layer 0 blockchain, that solves the problems of Scalability, Usability, Sovereignty. In a nutshell, it's the base layer for other blockchains.
The Cosmos Network is a decentralised ecosystem of independent blockchains that can scale and connect with one another.
The world's most used framework for building blockchains is Cosmos SDK. Developers have built hundreds of blockchain projects on Cosmos, including BNB, CRO, RUNE, ROSE, OSMOS and many more. So, it's a fundamental, very solid project that have a bright future.
Now let's talk about price.
ATOM had a steady Uptrend from March 2020 to December 2021. This Impulse unfolded in 5 waves (black 1-5).
In February ATOM broke that Multi Year Uptrend and perfectly retested it in April. Rejection there kicked off the impulsive Wave 3 that took us down to $5.5
We're currently in a corrective wave (4) of that impulsive Wave 3. As we see the ‘Sell the Bounce’ Zone was perfectly touched this week. (Would be ideal to get a test of the 0.618 Fib and rejection there).
The last Wave down (5) is yet to get unfolded. I think it will take the price of ATOM to my Buy Zone between $3.5-4.9 (right where we have the 0.618 Fib from the low to high). That's my main buy zone for the Long term.
There's a stinky bid around that 0.786 Fib just in case. Would be sweet to buy ATOM that cheap.
A sneak peek of the Accumulation, New Uptrend & its Target (just my opinion)
I hope you liked my analysis. What do you think about it? Please do share your thoughts in the comments!
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The information given is never financial advice. Always do your own research
ATOM - Stoploss hunt is coming🚧Shib is awesome candidate for long since:
⭐️ BTC bearish
⭐️ Domination looks bullish
⭐️ We are in the end of formation
⭐️ Spread is getting lower
⭐️ 4th approach
⭐️ Seller appeared
⭐️ Stoplosses are close
⭐️ Volume increases at top
⭐️ 30 ATR
⭐️ Under VWAP
Will enter when price slowly squeezes to the levelon 5m timeframe, the base will form and the tape will get faster.
Fix profit by parts:
1% - 1/3
2% - 1/3, stoploss to breakeven
What's left, hold to the maximum
What do you think of this idea? What is your opinion? Share it in the comments📄🖌
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Cosmos Hub (ATOM) - August 22hello?
Welcome, traders.
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Have a good day.
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(ATOMUSDT 1W Chart)
The key is whether it can be supported by rising to the 12.282-15.837 section.
(1D chart)
We need to see support above 9.603 and see if we can move above 12.282.
If it doesn't, it could move towards the 6.809 area.
The 12.282-15.837 section is the section that determines the trend, so if it is supported and rises in this section, it is expected to start the journey to rise to 30.059.
A key point in this rise is the 22.948 point, where you might find resistance, so you need to be careful.
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** All descriptions are for reference only and do not guarantee a profit or loss in investment.
** The MRHAB-T indicator, which is inactive on the chart, contains indicators that indicate support and resistance points.
** Background color of Long/Short-S indicator: RSI oversold and overbought sections
** Background color of CCI-C indicator: When the short-term CCI line is below -100 and above +100, oversold and overbought sections are displayed.
** The OBV index was re-created by applying a formula to the DepthHouse Trading index, an index disclosed by oh92. (Thanks for this.)
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry through split trading. It is a short-term investment perspective.)
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ATOM - Buying SignalBYBIT:ATOMUSDT
4H time frame
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ATOM has been going up with an uptrend since June 19th, and it is approaching to the uptrend line again.
It would be good if price gets support here, and we can set a buying strategy with a great risk to reward ratio as below.
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Entry: 10.3
Targets:
1) 10.745
2) 11.155
Stop: 10.325
R/R: 2.97