#ATOM / #USDT : Analysishello Traders... Welcome...
As shown in the picture and I explained
- If we have a dynamic look at the chart, the trend of the ascending line has been broken and a pullback has also been done
On the other hand, if we want to check the chart in a different way, we will find that the high and low prices are lower, which means that the downward trend may have started.
- Another point is that the price is now in a very important range ( 8.75 - 8.3 ) . A range that has reacted once in the form of support and once in the form of very strong resistance . And I think this support range will be lost !
So I will enter a sell position right here But for a safer entry, you can enter the trade after this support range is lost and the pullback is done
My bearish scenario is canceled when the price goes above 9.2$
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Have a nice day...
ATOMUSDT
ATOM/USDT : broke above the S/R zoneBINANCE:ATOMUSDT
Hello everyone 😃
Before we start to discuss, I'll be so glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it!
$ATOM has broken above the local S/R zone and now it has reached the higher bearish order-block.
With the lower trendline, It's expected for $ATOM to break above the resistance zone and so, It'll be our trigger as a hold above the mentioned resistance zone to locate our Longs...
However, If we get the rejection from the current resistance, Then it'll come with a passive long setup mentioned on the chart!
- The final targets are the same for both scenarios, Same or less.
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Attention: this isn't financial advice we are just trying to help people with their vision.
Have a good day!
@Helical_Trades
Cosmos ATOMUSDT - Elliott Wave (ABC Completed) + POC Support!- ATOM on the weekly scale successfully completed ABC correction, so if you are a bull, you can definitely buy for a longterm.
- VPVR - volume profile acted as a support.
- If we take a look at the MACD indicator, we can see a bullish tick (histogram), which is definitely a good sign too.
- Look at my ideas about another interesting altcoins in the related section down below ↓
- For more ideas please hit "Like" & "Follow"!
ATOM/USDTThis pattern is important because it helps to indicate the continuation of a bullish or bearish market. When the direction of the price channel is in the upward direction it is considered the Bullish Price Channel and when the face of the price channel is in the downward direction it is called Bearish Price Channel.
Traders could buy a stock when its price breaks above the upper channel line of a falling channel. It is prudent to use other technical indicators to confirm the breakout. For example, traders could require that a significant increase in volume accompanies the breakout and that there is no overhead resistance on higher timeframe charts.
📊 ATOM is back at resistance! What's next?Hello, dear TradingView members.
This idea is an ATOM analysis.
ATOM made a 10% ascending move today, and now it's facing the resistance level.
We have been through this resistance a few times before, so there is a possibility of breaking this resistance level if we get enough 'Buy' volumes and support.
There are two possible scenarios.
Scenario One:
The price will get better support with enough Buy volumes to pump once more and break the resistance level.
Scenario Two:
The price will get rejected by the resistance level and fall on support zones.
The Speedometer indicator shows Neutral volumes on the market for ATOM at a 1D interval.
Now have in mind: ANY news about this coin can cause a big pump or dump at this moment!
Let me know if you guys have any questions;
I will be more than happy to help.
Good luck, and thank you.
ATOM between huge volume profile levelsATOM between huge volume profile levels
Breaking the current resistance at $8.25 could lead to a relief run to next higher volume cluster
A second test of lower support at $5.55 more likely IMO (double bottom pattern)
What do you think dear Crypto Nation?
*not financial advice
do your own research before investing