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Cosmos a.k.a. ATOM - 1 Month Ahead Trading Idea - 21 May 2022COINBASE:ATOMUSD in the past 50 days made a big decline of over 75% and its a good moment for accumulation in the short-medium term time frame. Good news coming out for the ATOM ecosystem and a potential upside of 100% is very likely to happen even in 1 month period. What is the supported thesis technically for the expected scenario on ATOM? - There are big liquidation holes to be filled upside and the first strong resistance is at $22.00 per coin - The MACD indicator hits low points and soon will start its explosive on the upside - Wedge concentrate price action and soon will break out with huge price action - Breaking of downside dynamic trendline should be a reality in the beginning of June If you have any questions related to this trading idea I will be happy to provide you with answers.
KRAKEN:ATOMUSDLong
by TradingTie
1
COSMOS-Bull trend with a pauseHello everyone As you can see ATOMUSDT did pretty good in the last 2 days and made a bull channel for us. In 4 hours chart we have a good amount of buy volume on 11.5$, but considering the body of the bear bars in the trend which starting to get bigger, we might get some down trend like couple of bars before.Knowing that the price been in a trading range in the past 9-10 days between 10$-12.25$ , I prefer to take sell signals right here for about 4-5 bars.I mean we don't know if this will be a break out or not(3ed times the charm). the support levels are 11$ & 10$ and the resistance levels are 12.25$ & 13$. I will gladly answer your questions. PRESS THE LIKE BOTTOM
by HubAlgo
LUNA/BUSD Daily TA Cautiously BearishLUNA/BUSD Daily cautiously bearish. *Congressional Research Service posted a short report on the LUNA:UST peg collapse and covers mostly everything aside from the bad actors who exploited this vulnerability. They also make mention of rumors that LFG didn't sell their reserves to protect the peg, which one can see on LFG's reserves dashboard are false.* Recommended ratio: 6% LUNA, 94% cash. Price remains trending sideways under $0.00020 as the Terra governance community will decide on whether or not to fork tomorrow. Volume has waned but remains very high and is on track to favor sellers for three consecutive sessions if it can close today in the red. Parabolic SAR flips bullish at $24.30, this margin is bullish. RSI remains flatlining at the ATL of 14.25 for a sixth consecutive session. Stochastic also remains flatlining at max bottom for a sixth consecutive session. MACD remains bearish and is still trending sideways at the ATL (-24.65) established in yesterday's session, if it can get above -20 it would be a bullish crossover. ADX continues to trend up at 47 as Price continues to see choppy trading at fractions of a cent, this is bearish. If Price is able to get back above $0.01 then the next likely target is a test of $0.27. However, the alternative would be continued chop at fractions of a cent; which is a modest sign of consolidation. Mental Stop Loss: (two consecutive closes above) $0.01. **Anybody trading LUNA should be prepared for more volatility leading up to tomorrow's vote.** ***Anybody investing in LUNA should have a time horizon of 1 year or more and will need to wait for tomorrow's vote for more clarity regarding Luna's future.***
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by dailytaguy
2
LUNA/BUSD Daily TA Cautiously BearishLUNA/BUSD Daily cautiously bearish. *Do Kwon published Recovery Plan Part 2 today and if the proposal is passed on 05/18, a hard fork will commence on 05/27 and Luna as we know it will be forked into Luna Classic and Luna (similar to what happened in 2016 with the Ethereum DAO hack that led to the Ethereum Classic and Ethereum fork)*. Recommended ratio: 6% LUNA, 94% cash . Price is currently still experiencing extreme volatility at fractions of a cent and will likely continue to do so even with the news of the updated proposal because it is a highly divisive proposal in its current state which creates a lot of uncertainty still on whether or not the proposal will pass on 05/18. Volume continues to be very high and is on track to favor sellers for the second consecutive session if it closes today in the red (there was even a slight uptick of selling after the updated proposal was released). Parabolic SAR flips bullish at $30.38 minor resistance, this margin is bullish. RSI continues to trend sideways in a flatline at the ATL of 14.25 for what is now a six session streak. Stochastic is also on a six session streak of trending sideways in a flatline at max bottom. MACD remains bearish and continues to be forming a trough, it has maintained yesterday's new ATL at -24.65 and would need to reach -18.21 for a bullish crossover; this is bullish. ADX continues to trend up slightly at 45 as Price continues to trend close to 0; if it forms a Peak it would be mildly bullish and if it were to continue up it would remain bearish. Considering there is very little Price history as these levels, if Price is able to get above $0.01, the next likely target is a test of $0.027 resistance. The other scenario is that it remains bearish and trending close to 0 until an agreeable recovery plan is decided. Mental Stop Loss: (one close above) $0.01. **The proposed hard fork is creating a lot of division within the community regarding the priority of who should be compensated for their losses in addition to whether or not a fork should happen at all... due to this, a lot of volatility is to be expected in the coming days as the picture becomes clearer as to the future of the Terra ecosystem**
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by dailytaguy
5
LUNA/BUSD Daily TA Cautiously BearishLUNA/USD Daily cautiously bearish. LUNA currently having a Scarface moment, "You think you can kill me with bullets?". The Revival Plan posted by Do Kwon with help from the Lunatic community shows that perhaps there is enough support to have Luna rise from the ashes, but whether or not it ever reaches its previous ATH at $120 without removing or significantly modifying the UST:LUNA peg aspect of Terra is TBD. Recommended ratio: 5% LUNA, 95% cash. Price is currently trading for fractions of a cent ($0.00025748) just above max bottom as it has become a "meme coin" that some investors are betting big on recovering. Volume remains extremely high and is becoming more fairly balanced between buyers and sellers as it is attempting establish a new base. Parabolic SAR flips bullish at 30, this margin is bullish. RSI remains flat lining at the ATL of 14.25 for the fifth consecutive session. Stochastic also remains flat lining at max bottom. MACD is currently printing a new ATL at -24.65 and is beginning to form a trough; this is mildly bullish at the moment, though it would need to break out above -18 for a bullish crossover. ADX is currently trending up at 45 as Price remains near 0; this is bearish. If Price is able to break out above $0.01, then the next resistance is at $0.27. However, if Price stays below $0.01, it can trade down here for a while until LFG figures out the best way forward. Mental Stop Loss: (two closes above) $0.01. *I'm using BUSD because the chart I had been doing LUNA/USD TA on was broken when Binance delisted that pair* **You should only invest what you are prepared to lose into LUNA at the moment because it is currently still unclear how they plan to move forward**
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by dailytaguy
LUNA/USD Daily TA Cautiously BearishLUNA/USD Daily cautiously bearish. * WARNING: If LFG is unable to reestablish the LUNA:UST peg, they may be forced to close down operations -- this would lead to an inevitable delisting of LUNA on all exchanges. * *LUNA is quickly making its way to as close to 0 as possible as it continues to be minted in attempt to salvage the UST peg*. Due to LUNA having fractions of a cent to move further down, I am sticking with my recommended ratio of: 5% LUNA, 95% cash ; however, for the bold believers (lunatics), this is perhaps a once in a lifetime opportunity to scoop up some LUNA (very low risk/very high reward - $50 USD would get you about 20k LUNA right now, and if LUNA were to return to even 1% of its ATH that $50 would be worth about $25,000). Given the circumstances, Volume hit a new ATH today and is now on track to favor sellers for 8 consecutive sessions. Parabolic SAR flips bullish at $64.14, this margin is very bullish. RSI is currently trending sideways along the ATL at 14.44 for the second consecutive session. Stochastic remains bearish and is currently trending sideways along max bottom in the bearish autobahn for a third consecutive session. MACD remains bearish and is currently forming a new ATL at -19.47 with no signs of trough formation. ADX is currently trending up at 32 as Price continues to fall closer to 0, this is bearish. If Price is able to find some kind of support here near 0, then it will likely bounce to test the previous ATL at $0.10 as resistance before potentially testing $4.67 resistance (this is almost entirely dependent on UST reestablishing the 1:$1 peg with LUNA). However, if the peg is unable to be reestablished I imagine that LFG will be forced to close operations (Do Kwon has alluded to this in the past) and LUNA will become defunct. Mental Stop Loss: (two consecutive closes above) $4.67. **Traders entering this position should be prepared to lose their entire investment**
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by dailytaguy
LUNA/USD Daily Cautiously BearishLUNA/USD Daily cautiously bearish. The entire Terra ecosystem is suffering as LUNA is being minted and UST burnt at a faster rate to reestablish peg -- the timing of this is to be determined. Due to the risk of LUNA potentially falling to its ATL of $0.10, today's recommended ratio is: 5% LUNA, 95% cash. **However, because Price has fallen 99% without break in just 5 days, traders should be vigilant for a significant retracement bounce of some kind**. Price is currently trending down at ~$1 as it approaches a test of the ATL at $0.10; this is an unprecedent drop and has invalidated every single support on the way down. Volume is currently the highest it has ever been (justifiably) and is on track to favor sellers for seven consecutive sessions now. Parabolic SAR flips bullish at $75, this margin is bullish. RSI is currently slightly trending down and printing a new ATL at 14.44. Stochastic remains bearish and is flatlining as it coasts in the bearish autobahn zone at max bottom. MACD remains bearish and is currently trending down to print a new ATL at -16.40. ADX is currently trending up at 29 as Price has nearly retraced its entire Price history this week, this is bearish. If Price is able to find a bottom in today's session, the bounce will likely have it test $4.67 resistance and potentially $13.22 (with the potential to go even higher considering the severity of the downturn). However, if Price continues to fall here, it may fall to $0.10 to retest the ATL. Mental Stop Loss: (two consecutive closes above) $17.55.
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by dailytaguy
LUNA/USD Weekly TA Cautiously BearishLUNA/USD Weekly cautiously bearish. Anchor liquidation event spurs UST peg disruption while recessionary fears hit all risk-on markets -- due to the sheer voracity of the downturn LUNA is now on Bottom Watch. Recommended ratio: 30% LUNA, 70% cash. Price is currently testing the uptrend line from May 2021 at $15.92 support for the first time since July 2021. Volume is now moderate after surging this week and is on track to favor sellers for a third consecutive week. Parabolic SAR flips bullish at the ATH $119.72, this margin is bullish. RSI is currently trending down at 36.46 after breaking down below 45.83 support, the next support is the ATL at 5.87. Stochastic remains bearish and is currently trending down at 10 after breaking down below 32.46 support; the next support is at max bottom. MACD remains bearish and is currently trending down at 3.14 as it tests 3.83 support with no signs of trough formation. ADX is slightly trending down at 34.55 as Price sees massive selling pressure, this is neutral at the moment. If Price is able to defend support at the uptrend line from May 2021 at $15.92 support then the next likely target is a retest of $27.70 resistance (assuming $19.32 resistance is overcome) and potentially higher (the move will likely be a relatively big one considering the significance of the fall and will likely hinge on an announcement of a solution from Do Kwon). However, if Price breaks down below this uptrend line, then the next likely target is a retest of the uptrend line from December 2020 at ~$7 for the first time since January 2021. Mental Stop Loss: (two consecutive closes above) $19.32. **From 05/03/21 to 05/24/21, LUNA dropped 80.51% from ~$20 to ~$4 -- then from 05/24/21 to 04/04/22 LUNA surged 2747% from $4 to $120 -- from 04/04/22 to 05/09/22, LUNA dropped 84% from ~$120 to ~$14 -- then from 05/09/22, what will the story be? Nobody knows, but there's Extreme Fear in the markets... usually that's a good time to be buying.**
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by dailytaguy
8
LUNA/USD Daily TA Cautiously BearishLUNA/USD Daily cautiously bearish. BTC is currently testing the uptrend line from April 2017 (and from March 2020 on the weekly) at $30k major support, if it can establish support here it would be net bullish for the rest of crypto. Recommended ratio: 15% LUNA, 85% cash. Price broke down below $34.86 support and is currently testing $23.59 support, which coincides with the descending trendline from December 2021 (last tested in January 2022). Volume is very high as sellers continue to pile on for a sixth consecutive session of dominance. Parabolic SAR flips bullish at $83.82, this margin is very bullish at the moment. RSI remains oversold and is slightly trending down at 17.48 as it approaches a test of the ATL at 15.39. Stochastic remains bearish and is currently on the verge of a bullish crossover at max bottom; however, it may coast down here for some time in the bearish "autobahn zone". MACD remains bearish and is currently forming a new ATL at -7.64 with no signs of trough formation. ADX is currently trending up at 26 as Price continues to fall, this is bearish. If Price is able to defend $23.59 support then the next likely target is a test of $34.86 support-turned-resistance. However, if Price breaks down below $23.59 support, the next likely target is a retest of the uptrend line from January 2021 (~$18) for the first time since May 2021. It should be noted that May 2021 saw a decline in LUNA of 77%, this May LUNA has seen a 64% decline so far. Mental Stop Loss: (two consecutive closes above) $34.86.
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by dailytaguy
LUNA/USD Daily TA Cautiously BearishLUNA/USD Daily cautiously bearish. *BTC is currently on the verge of testing the uptrend line from April 2017 on the daily (and from March 2020 on the weekly) at $30k major support*. Recommended ratio: 25% LUNA, 75% cash. Price is currently testing $34.86 support after dropping through 4 different support levels, this violent of a drawdown usually is followed by a fairly robust bounce. Volume continues to be moderate and growing for the third consecutive session; it's currently on track to favor sellers for four consecutive sessions. Parabolic SAR flips bullish at $88.77, this margin is very bullish. RSI is currently trending down at 20 and is oversold for the first time since May 2021; it is also currently breaking down below the 26.17 support + the uptrend line from November 2019 (26). Stochastic remains bearish and is currently testing max bottom. MACD remains bearish and is currently breaking down below the ATL (-7.75), forming a new ATL at -8.21. ADX is trending up (vertically) at 20 as Price continues to fall, this is bearish. If Price is able to establish support and bounce here at $34.86, then it will likely retest $45.78 and potentially higher. However, if Price continues its free fall then it will likely test $23.59 support (which would coincide with the descending trendline from December 2021) and potentially lower to retest the uptrend line from January 2021 at ~$20. Mental Stop Loss: (two consecutive closes above) $45.78 support-turned-resistance.
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by dailytaguy
4
Cosmos Hub (ATOM) - May 9hello? Welcome, traders. By "following", you can always get new information quickly. Please also click "Like". Have a nice day. ------------------------------------- (ATOMUSDT 1W Chart) Above 17.65: Expected to create a new wave. If it falls below the 11.38-13.76 range, it is highly likely to enter the mid- to long-term investment area, so careful trading is required. Therefore, a rise above 17.65 is an important spectating point. ------------------------------------------------------------ ----------------------------------------------------- ** All indicators are lagging indicators. Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume. However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator. ** The MRHAB-T indicator used in the chart is an indicator of our channel that has not been released yet. ** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.) ** Support or resistance is based on the closing price of the 1D chart. ** All descriptions are for reference only and do not guarantee a profit or loss in investment. (Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.) ---------------------------------
by readCrypto
LUNA/USD Daily TA Cautiously BearishLUNA/USD Daily cautiously bearish. Recommended ratio: 20% LUNA, 80% cash. Price is currently testing the uptrend line from July 2021 as support at $65 after briefly touching the uptrend line from January 2021 at $60. Volume is moderate for the first time since December 2021 as recessionary fears are putting selling pressure on almost all assets and equities. Parabolic SAR flips bullish at $93.60, this margin is bullish. RSI is currently trending down at 32 and is beginning to form a trough as it approaches 26.17 support. Stochastic remains bearish and is currently trending down at 2 as it approaches max bottom (where it can coast for a while). MACD remains bearish and is trending down at -5.15 with no signs of trough formation; the next support is the ATL at -7.75. ADX is currently trending up at 19 as Price continues to fall, this is bearish. If Price is able to defend support at the uptrend line from July 2021 at $65, the next likely target is a test of $70.15 resistance before potentially going higher (200 MA at $72). However, if it breaks down below this uptrend line, it will have the uptrend line from January 2021 at $60 as the next area of support before potentially retesting $54.50 major resistance. Mental Stop Loss: (two consecutive closes above) $71.93 (200 MA).
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by dailytaguy
LUNA/USD Daily TA Cautiously BearishLUNA/USD Daily cautiously bearish. Double Bottom invalidated, retest of 200 MA + uptrend line from July 2021 currently underway. Recommended ratio: 20% LUNA, 80% cash. Price is currently testing the 200 MA + $70.16 support + the uptrend line from July 2021 ($67) as support as the crypto market as a whole is seeing a weekend sell off. Volume remains very low and is on track to favor sellers for three consecutive sessions a slight uptick in activity seen in today's session. Parabolic SAR flips bullish at $93.95, this is mildly bullish. RSI is currently trending down at 33.25 after breaking below the descending trendline (support) from August 2021 at 38. Stochastic remains bearish and is currently breaking down below 21.78 support with no signs of trough formation. MACD officially broke below -2.43 after one week of testing it as support, it is currently trending down at -4 with no signs of trough formation. ADX is currently trending up at 16 as Price continues to fall, this is mildly bearish. If Price is able to defend support here at the uptrend line from July 2021 ($67), then it will likely test the 200 MA at $70.15 resistance before deciding its next move. However, if Price continues to fall below this uptrend line then it will likely retest the uptrend line from January 2021 at $60 as support. Mental Stop Loss: (two consecutive closes above) $71.52 (200 MA).
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by dailytaguy
LUNA/USD Daily TA Cautiously BearishLUNA/USD Daily cautiously bearish. Double Bottom on the verge of invalidation. Recommended ratio: 30% LUNA, 70% cash. Price is currently retesting $78.04 minor support as it fast approaches an invalidation of a potential Double Bottom formation. Volume remains very low and is on track to favor sellers for a second consecutive session if it is able to close today in the red. Parabolic SAR flips bullish at $94.37, this margin is neutral at the moment. RSI is currently trending down at 41.46 as it approaches a retest of the descending trendline from August 2021 as support at 38. Stochastic crossed over bearish in today's session and is currently trending down at 36.5 (just below 43.42 resistance), the next support is at 21.78. MACD remains bearish and is currently breaking down below -2.43 at -2.76; it is still technically testing -2.43 as minor support but if it loses it then the next support isn't until the ATL at -7.76. ADX is currently trending up slightly at 16 as Price is facing selling pressure, this is bearish. If Price is able to defend support at $78.04 minor support, then it will likely range between there and $84.05 resistance until it makes its next move. However, if Price breaks down below $78.04 minor support then it will likely retest the 200 MA at $70.15 support (which would coincide with the uptrend line from July 2021). Mental Stop Loss: (two consecutive closes above) $84.05 resistance.
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by dailytaguy
LUNA/USD Daily TA Neutral BearishLUNA/USD Daily neutral with a bearish bias. Double Bottom watch. Recommended ratio: 40% LUNA, 60% cash. Price is currently trending down at $81.25 and still testing $84.05 resistance as support after closing above it in yesterday's session; if it can close above $84.05 in today's session it would become support and if it closes below it would stay resistance. Volume remains very low and fairly balanced between buyers and sellers, it's currently on track to favor sellers in today's session. Parabolic SAR flips bullish at $94.75, this margin is mildly bullish. RSI is currently trending down at 43.52; the next support is the descending trendline from August 2021 at 39 and the next resistance is at 51.40. Stochastic remains bullish and is on the verge of crossing over bearish at 37.53, just below 43.42 resistance. MACD remains bearish and is currently trending sideways at -2.54 testing -2.43 minor support. ADX is currently trending sideways at 15 as Price is testing $84.05 resistance as support. If Price is able to close above $84.05 resistance in today's session it would turn to support, then a retest of $92.78 becomes the next likely scenario. However, if Price closes below $84.05 resistance then it will likely retest $78.04 minor support. Mental Stop Loss: (one more close above) $84.05 resistance.
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by dailytaguy
LUNA/USD Daily Neutral BearishLUNA/USD Daily neutral with a bearish bias. Equity and crypto markets rallying on FOMC announcement of 50 bps funds rate hike and June 1st start of balance sheet reduction. Double Bottom watch. Recommended ratio: 45% LUNA, 55% cash. Price is currently breaking out above $84.05 resistance at $87 and will look to close above it in today and tomorrow's session to establish a short term Double Bottom. Volume remains very low and favored sellers in yesterday's session (leading up to the FOMC announcement) but is now favoring buyers after the announcement. Parabolic SAR flips bullish at $95.66. RSI is currently trending up at 49.62 as it fast approaches a retest of 51.40 resistance. Stochastic remains bullish and is currently testing 43.42 resistance. MACD remains bearish and is forming a trough at -2.43 as it attempts to form a bullish crossover (at -1.97). ADX is currently trending down at 14.7 as Price is surging upward, this is mildly bearish at the moment but can change to bullish if it can bounce soon. If Price is able to turn $84.05 resistance to support, then the next likely target is a retest of $92.78 minor resistance. However, if Price falls back below $84.05, then it will likely retest $78.04 minor support before potentially heading lower. Mental Stop Loss: (two consecutive closes above) $84.05.
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by dailytaguy
LUNA/USD Weekly TA Neutral BearishLUNA/USD Weekly neutral with a bearish bias. Recommended ratio: 40% LUNA, 60% cash. Price is currently testing the uptrend line from August 2021 (this time at $82.50) for the fourth consecutive week. Volume remains very low and is fairly balanced between buyers and sellers, indicating that this is a consolidation before a pending breakout or breakdown. Parabolic SAR flips bearish just below $57.15 minor support. RSI is currently trending sideways at 54.63 just below the uptrend line from September 2020 (enough for it to still be testing it as support). Stochastic is currently on the verge of a bullish crossover at 32.46 support; if it can do this it will have another opportunity to test the descending trendline from September 2021 at ~50. MACD remains bearish and is currently trending down at 10.55, the next support (minor) is at 6.89. ADX is trending up slightly at 40 as Price tests a critical support on an uptrend, this is mildly bullish at the moment. If Price is able to defend support at the uptrend line from August 2021 ($82.50), then the next likely target is a retest of $87.51 minor resistance before potentially retesting $100. However, if Price breaks down here, it will likely retest $75.86 minor support before potentially retesting the lower trendline of the ascending channel from July 2021 at $65-$70. Mental Stop Loss: (two consecutive closes above) $87.51.
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by dailytaguy
LUNA/USD Daily TA Neutral BearishLUNA/USD Daily neutral with a bearish bias. Recommended ratio: 30% LUNA, 70% cash. Double Bottom watch. Price is currently facing rejection at $84.05 resistance after failing to close above it in yesterday's session. Volume remains low and is on track to spoil a three-consecutive-day streak of buyer dominance if it closes today's session in the red. Parabolic SAR flips bullish at $96.66, this is neutral at the moment. RSI is currently trending down at 42.34, the next support is a retest of the descending trendline form August 2021 at ~38. Stochastic is currently crossing over bullish at 30.65, just above 21.78 support. MACD remains bearish and is currently breaking down below -2.43 minor support at -2.70 with no signs of trough formation. ADX is trending down slightly at 15.86 as Price has encountered a critical resistance, this is neutral at the moment. If Price is able to breakout and close above $84.05 resistance two consecutive sessions, then the next likely target is a retest of $92.78 minor resistance. However, if Price is rejected here, then it will likely retest $78.04 and may potentially go lower depending on overall market conditions. Mental Stop Loss: (two consecutive closes above) $84.05.
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by dailytaguy