ATOM moved 10% down. What's next?Hello, dear TradingView members.
This is an ATOM idea.
ATOM just fell down from the ascending channel it was moving in. This has happened before, so it can be just a noise caused by the 1000 dollars change in Bitcoin.
However, the price is below the channel, and there's only one resistance on the way down, which is very powerful. We have the possibility of going back up.
There are two scenarios in the current situation:
Scenario One:
The price will go back inside the channel and gets support from the lower band of the ascending channel to move back up.
Scenario Two:
The price will get rejected by the lower band of our channel and move back down on support.
RSI is near the overbought area, and the price has more room to go up.
Now let's see your ideas. Let's have a discussion.
Let me know if you guys have any questions;
I will be more than happy to help.
Good luck, and thank you.
ATOMUSDT
ATOMUSDT H2ATOMUSDT With market sentiment starting to turn bearish, with many market participants worried about the Fed's decisions and also the global geopolitical situation, there was a pullback yesterday again in the price of BTC, affecting the entire crypto market, including ATOM.
Meanwhile, technical factors also point to a rally, as ATOM always has a brute buying force. At H2 we are already on the lower edge of the Keltner channel which is a powerful support. Fibonatti imposes a resistance at $13.64 and after breaking it we will reach our target of $14.04.
In terms of other ATOM fundamentals, no worries, high-octane currency; ATOM is reworking its white paper bringing many improvements to the entire COSMOS ecosystem.
ATOM - Testing short term supportSince the beginning of the week prices gives alert signal, with a breakout of daily Kijun.
Currently, test of the short term trendline. If it breaks, beware of the trend reversal with 12.29$ as a first target then 11.70$ .
Also, daily cloud isn't that far, if we go below, back in bears territory.
ATOMUSDT topping pattern -- where to shortATOMUSDT has a small break of structure on the 4h. I expect one final liquidity grab in the monthly r2 region ~$16.00 before it descends. Very reasonable TP1 and TP2 targets shown based off fib projections and supporting volume profile. Could go a lot lower. Idea invalidated with close (new high) above monthly R3 pivot.
*Setup Notes*
Entry zone: 15.5-16.16
Stop loss: 17.8
TP1: 10.83
TP2: 8.15
Daily view, with key support/resistance point at 17.8 (and why I am watching that level carefully):
💰ATOMUSDT crypto analysis in 30 minute time frame🧨🧨🔰You can see the crypto analysis of atom or Cosmos in 30 minutes time frame (ATOMUSDT _ 30min)🔍💣
💥As it is clear from the picture, the price is moving in a downward parallel channel🧐❗ Currently, the price is in the area of the dynamic resistance line🖤 (the upper line🖤 of the descending parallel channel), if the price can break the orange🧡 upward trend line downwards and stabilize❗ the bottom of its line, it can reach the fall DEMAND zone🔻🔥
But if the price breaks the upper line🖤 of the downward parallel channel or dynamic resistance line🖤 and stabilizes❗ above the line, it can experience the upward SUPPLY zone🔺🚀
which direction will the price go to the GREEN💚 side or the RED❤️ side❓❓
I hope the analysis was useful for you🤍🌹
📌Please introduce the channel to your friends 🙏🏻
____________📈TRADER STREET📉_______________
ATOM : Daily chart update Dear Cosmonauts,
Since the last few days and the volatility of the current market, Atom remains strong, for the moment.
Currently, Daily Kijun isn't broken yet. And prices are invalidating the sell signal (given by a break of daily Kijun).
So, 13.67$ is the main support. If this one breaks, then 12.79$ is the next support.
The next few hours will be important !
Cheers.
📉✌Atom-Cosmos Analysis✌📈BINANCE:ATOMUSDT
COINBASE:ATOMUSD
Hello traders, first look at my previous analysis and positions on ETHUSDT ,BTCUSDT ,EURUSD ,XAUUSD.
Just don't forget to risk-free your position.
The optimum stop-loss is on the chart.
Please share ideas and leave a comment,
let me know what's your idea.
CrazyS✌
Long ATOM/USDT D1In general it's time for altcoins (blue chips + other decent projects) to make a correction:
Pros:
1) Good R/R
2) Seller's exhaustion. Buyers (short- and midterm) are starting to appear
3) Target - 50% fibo correction + 200 dma
4) RSI has found support and trending higher
But not to forget: market is still bearish in the long-term perspective. Better to babysit your trades and watch the market carefully.
ATOM/USDT:
Entry - current market price
TP1 - 17-18
SL - below 5.5
Just my 2 cents)
ATOM/USDT - SHORT NOW ----- 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. --
-------------------------------------------------------
⚡️⚡️ ATOM/USDT ⚡️⚡️
Exchange: Binance Futures
Trade Type: Breakout (Short)
Leverage: Cross (1.0X)
Entry Orders:
1) 15.524 - 100.0% (131.29682 USDT)
Take-Profit Orders:
1) 14.613 - 80.0%
2) 13.721 - 19.999%
Trailing Configuration:
Stop: Breakeven -
Trigger: Target (1)
ATOM : We found a resistance serAfter a massive bounce, prices found a resistance identified a few weeks ago.
This resistance is still strong and blocked prices twice in a row.
Technically, the main suppor is still the flat of daily Kijun, at 13.67$ . And the uptrend isn't in danger while prices remains above the daily cloud.
If the resistance quoted above is broken, 19.4$ as a second target.
Cheers Cosmonauts !