ATOM formed bullish Gartley | A good buy opportunityHi dear members, hope you are well and welcome to the new update on Cosmos (ATOM) coin with US Dollar pair.
Previously I shared a long-term trade-setup for ATOM, which is still in play:
Now on a 4-hour time frame, ATOM has formed a bullish Gartley pattern.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
ATOMUSDT
ATOM Target $25 Hello everyone, today i'm going analysis ATOM/USDT on Daily time frame.
1)First we can clearly see ATOM strong Bounce from $6 to $12, its mean Downtrend is broken and now we are Uptrend cycle.
2)In chart we formed Ascending Triangle pattern,we have diagonal Support line and horizontal Resistance level at $12 approximately.
3)Now price squeezing in Ascending Triangle and price can breakout from $12 at any moment,so for clear breakout price must close behind Ascending Triangle approximately at $15 with good Volume.
4)We also will using Ribbon trend indicator,we can clearly see price above Ribbon line its mean we are now in momentum.
5)MACD oscillator is above Histogram 0 line its Bullish and also we have Bullish cross.
i'm will happy if this analysis will help you
ATOMUSDTHello Dear friends
Currently, we do not expect to form an upward trend. On the other hand, in order to have a stronger downward trend, orders should be taken from the main area.
As a result, if the price range of $9.97 is lost, the yellow range ($12.9) becomes valid for us, and from this range we can expect the formation of a downward trend until the yellow area ($6.17).
We will be happy to hear your comments
ATOMUSDTHello Crypto Lovers,
Mars Signals team wishes you high profits.
This is a one-day-time frame analysis for ATOMUSDT
In the current chart, there is S2 that used to be resistance line. R2 used to be a support area. R1 is our resistance area that expresses the disability of the price to rise. And S1 and S3 are the support areas which S1 resembles the 4-hour support line. At the present, we have the price fluctuating below R1 and we predict a little rise to reach the mentioned line like its past trend. At this point, if we receive some rising signs, an increase is expected for the price over R1 or even toward R2. Also it is probable that the price loses the support here and have a decline to lower amounts.
Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions.
Wish you luck
ATOM || ATOM USDT || SMC On a Daily TF, ATOM has been quite bullish for sometime, and even though it did tap into a 4H supply zone, it failed to break the structure to the downside, and price bounced back up from the Demand Zone. Expecting the price to break to remain Bullish before tapping into another Supply zone (Refined Zone 14.177 - 15.371 on 4H TF)
ATOM analysis
We would like to start with what is obvious, we see that Atom has stopped following the market and Bitcoin, as most cryptocurrencies do. For all the fall of Bitcoin from $25k to $19.5k (-22%), ATOM showed an increase from $12 to $13 and is now trading in the same range as it was 2 weeks ago when the entire market was growing. It is impossible to deny that ATOM goes strictly along the channel where each minimum is higher than the previous one, which is a very strong bullish sign. We believe that there is now a large accumulation of this coin. For long-term buying, We would wait for the exit from the channel down, the collecting of liquidity there and a sharp return to the top, and in this area you can make long-term buys.
Moreover, fundamentally, we are waiting for many interesting announcements:
• September 26-28 — a large-scale Cosmoverse conference, where they announce ATOM 2.0, a security update...
• September 28-29 - SmartCon LINK conference, where they will talk in more detail about staking and new tokenomics.
Conferences are always announcements + insiders that buy token.
What else did we forget to add?
Cosmos Hub (ATOM) - September 3Hello?
Welcome, traders.
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Have a good day.
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(ATOMUSDT 1W Chart)
- The key is whether you can climb to the 15.083 section.
- When the Stoch RSI moves out of the overbought zone, the key is whether it can find support near 9.603.
(1D chart)
Primary resistance: 15.083
Secondary resistance: 20.955-23.269
Support: 6.809-9.603
It is necessary to check whether it is supported near 12.380.
If it does not find support, it is likely to move towards the 9.603 level.
- As the Stoch RSI indicator rose before falling to the oversold section, it can be seen that the bearish force is weak.
However, if it fails to rise in the overbought zone and falls, it means that the upside power is also weak.
This weakening of the overall strength increases the likelihood of a sideways movement, so the area around 12.380 is expected to be an important support and resistance point.
- The 15.083 point is the point of support and resistance drawn on the 1M chart, which is important from a long-term perspective.
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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 indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator 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 can be made through split trading. It is a short-term investment perspective.)
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We got a runner!Longed this last night, and added around 6pm today. Price has been running since.
Just as the price finally broke above the 20dma, we see the price working through its S1 pivot point:
Its always great to tag the bottom, and we potentially have just that. Looking at the weekly price action we see something to be very bullish about. Price could rise substantially into the EMA ribbon (which is sloping downward indicating the bearish trend is still in-tact.)
If price breaks above the ema ribbon, we will add a lot of risk. From here, we will open a decent long and enjoy our 5% passive yield .
The short term trend is very bullish, and this can be exhibited on the 4h with bollingers as price hugs 3StdDev:
The slope of the moving average is also sloping ‘up’. Good entry, but keep risk dialed in.
Good luck trading mates.
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