ATOM - strong accumulation zone before space flight!Hello trader Today I have prepared a new idea for you. Like and subscribe to the channel there is a lot of useful information✅
Another interesting coin!
The first thing to note is that the asset price has been in accumulation for a long time for about 377 days, which is most often accompanied by a strong impulse when a major player appears.
Technical: the price is testing the trend line, which is currently a temporary support ($10.360). Everything seems to be good, but it is embarrassing that the pressure to the tread line is confusing, which can lead to a slight correction, as it was recently in bitcoin.
So far, I haven’t made any trading decisions on the coin, I want to watch for some more time, if suddenly there is a rebound without correction (from current values), then I will buy on the breakdown of the global countertrend double (5% of the deposit), and the first target will be $ 17.2 last local high.
But if suddenly the buyer cannot hold the support (trend line) and we see a correction below the current values, then the first area of interest will be $9.1-9.5. For now, I'm just waiting and watching the schedule.
ATOMUSDT
ATOMUSDT → Price is strengthening. Resistance retest is formedATOM on the background of falling red BTC looks very good. A bullish reaction is formed on a false breakdown of the uptrend support.
The price forms a bearish wedge, the end of which is formed at the base of the uptrend, hence, the price at the breakdown of the wedge resistance will open the potential for growth to 18.00.
The moving averages are acting as resistance at the moment, but the price overcomes the important liquidity zone at 11.00. If the bulls keep the price above the 11.00 area, there might be more chances for breaking through the resistance, and if they do, we might see a good rally soon.
Strong support: 11.00, upward channel support, bearish wedge support.
Strong resistance: 11.306, downward wedge resistance
At the moment the chart shows us some bullish interest on the part of the buyer. The price is preceeding the local levels and continues to strengthen. If the bulls hold the 11.00 area, then on the nearest retest, the price might break the resistance and starts to form an upside to 13.450
Regards R.Linda!
Cosmos ATOM price behaves "out of the box" are you expecting 🚀?First, let's look at the global chart of ATOMUSDT trading history
As you can see, the price entered the medium- and long-term buying zone six months ago.
It was followed by a good 80% increase in the price of ATOM, and for the past few months, it has been consolidating around the important $10.65 level.
In recent days, the ATOMUSD price has been quite well bought back and has not fallen down after BTC.
Even if we assume that the consolidation of the Cosmos token price will continue for several months (white scenario), there is still a +30% growth potential within the consolidation.
The critical level from above is $14.50
If buyers manage to break through and gain a foothold above $14.50, there will be space for growth to $20
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ATOMUSDTHello dear friends,
*Mars Signals Team wishes you high profits*
This is a one-day-time frame analysis for ATOMUSDT
Obviously there wee see some areas on the top including R3, R2, and R1 that all are our resistance areas and demonstrate the disability of the price to rise at various points. And we have S1 and S2 as our support areas in the current chart with their support of price at several points even in the past. The price was supported well at S1 line at some points and after each support it could rise to higher amounts. But by having the disability to rise more at 1 line, it was on a decline again and is now under fluctuation over S2 area. This is a corrective trend for the price at the present, it was rejected again via a negative Marubozu candle to lower amounts which means the high pressure of sellers. Now it is moving and fluctuating over S1 area and it is predicted to have a range at this point and after a fall and then a recovery, besides providing us some signs, it we would have a rising trend to happen. If the last candle is closed over S1, then we expect more rise to happen. But if the formation of the last candle is done below S1 line, then the possibility of a decline is high then. Either the price is able to be supported at R1 and by moving toward R2 and breaking this area upward and retesting and providing more fixation and rising signs for us, we will expect more increase for it to touch R3 (which is another proper point for saving your profits). By the time the price loses the support at R1 and via falling below it and losing the support, more decline will take place down to S1. But remember that by the time the price loses S2 support, it will touch more lower amounts as more decline. Remember to wait for the price to be supported at S2 and on its recovery trend and returning process, you can enter trading and put your sale orders. It is better to check every detail and information before doing anything. If you are looking for wise trades and less risky ones, our suggestion will be following our regular updates all the time.
Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions.
Take care
ATOM next support zonesThe ATOM chart appears to be relatively straightforward at the moment. If it breaks the $10 support level, we can anticipate a potential decline to the next demand zones, which are situated at around $8.43 and $5.55. I recommend exercising patience and waiting for the price to reach the demand zones before making any investment decisions. By doing so, you may be able to purchase at a lower price and achieve a more profitable return.
In my opinion, it is better to buy in strong zones rather than pivots.
Cosmos (ATOM) analysis: New rubric "Where is the BOTTOM?"Hello, everyone!
Let's continue to analyze fundamentally strong crypto assets which I am going to buy at the very bottom. Now it's time to predict where the bottom for ATOM is gonna be.
Using trading chaos approach I defined the Elliott waves with the order you can see on the chart. You can tell me that wave 2 is too deep, but I have the evidence that it's correct. Look at the Fibonacci extension 1.61 - the natural wave 3 target. Price has reached this target perfectly. After that price has printed the wave 4 which is represented as a triangle correction. I think now ATOM is in wave 5 because it broke down the key fractal level.
The most important question: where is the gonna be the bottom. My answer is $3. There I will buy ATOM for the new bull run. This target was calculated according to the Tom Joseph's methodology. Bill Williams linked to his approach that's why I use it here.
Best regards, Ivan
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[cosmos] by qikoToday, I bring forth a fascinating analysis of ATOM.
Since its low in March 2020, ATOM has experienced an impressive 4100% increase at its peak. Subsequently, ATOM descended in five waves, with the 5th wave truncating, signifying the inception of a downtrend.
I anticipate the swing highs to be surpassed for Wave B before resuming the downtrend to complete Wave C.
Wave B Target: ~ 26
Wave C Target: ~ 3