Cosmos
ATOMUSDT - Double Top Pattern!ATOMUSDT (4h Chart) Technical analysis
ATOMUSDT (4h Chart) Currently trading at $34.62
Sell level: Below $33.95
Stop loss: Above $38.5
TP1: $32
TP2: $29
TP3: $27
TP4: $24
Max Leverage 2x
Always keep Stop loss
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ATOM topping out?In stark contrast with the rest of the market, Cosmos was able to make a nice run up during the past couple of weeks. Especially if we hold it up against its Bitcoin pairing.
It has currently twice rejected its ATH resistance zone and is playing with RSI overbought levels. EMA's are still curling away from each other so a continuation is also still in the cards. Although I strongly believe Bitcoin will regain some strength here which can offer a nice shorting opportunity for this pair.
What do you think?
ATOM/USDT possible scenarios ATOM/USDT possible scenarios
ATOM in 4 Hours time frame is in the sending channel.
In case it can break its ATH with the high volume we can see higher prices which are pointed in the chart.
Dollar-Cost Averaging (DCA) is the best strategy.
DISCLAIMER: I am NOT a financial adviser. None of what I have communicated verbally or in writing here should be considered as financial advice; it is NOT. Do your own research(DYOR) before investing in any digital asset, and understand that investing in any cryptocurrency is risky. If you do, you need to be prepared to lose your entire investment. I’m only recording my personal Technical Analysis (TA) for educational purposes.
I’m researching on crypto-economy and sharing my understanding with others, therefore these are results of my research NOT financial advice.
📌In case you find it interesting please feel free to share with others.
Cosmos (ATOM) Sell ZoneCosmos (ATOM) Sell Zone
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BIAS
Short-Term : Bearish
Mid-Term : Neutral
Risk : High
On 4 hours timeframe, Cosmos has formed a short term double top and currently on trendline which means we’ll wait for a breakdown before entering a trade.
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$ATOM/USDT SHORT SETUP
Leverage : x1 - x3
Entry Price : 36.5 - 37.9
TP 1 : 35.5
TP 2 : 34.75
TP 3 : 33.35
TP 4 : 30.65
TP 5 : 29.5
TP 6 : 28.15
TP 7 : 26.75
TP 8 : 25.7
Stop Loss : 41.5
*Maximum 2% of Portfolio.
*Unload 12.5% at each TP. Whenever TP 2 hits, Move stop loss to entry.
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Atom headed to the CosmosAtom is about to reach ATH. After a Daily close above ATH, you can look for the fib levels as profit taking levels. $50 as first area to target which would be about a 14% move from ATH.
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Top 10 trading tips:
1. DO NOT FOMO into a trade. Let it come to you. Don’t force it.
2. Find a strategy that works for you and be consistent. Operate like a machine and less like the wind.
3. Let your winners run and cut your losers short.
4. You will not win every trade, but if you are disciplined with great RM you don't need to be right all the time to win!
5. Before you enter a trade, know your target AND your exit strategy.
6. When you are up, you can use a trailing stop or trim off some profit at a logical resistance point with a stop loss at breakeven.
7. Set your trade parameters up front so you keep your self accountable and remove emotions from the equation. (stop loss, take profit levels, etc)
8. Don't fight the trend. The trend is your friend.
9. Don’t enter a trade based on one indicator.
10. Horizontals > Diagonals
Please note:
- This is not financial advice.
- I do not take every trade I post.
- Never trade off of someone else's chart until you DYOR!
(ATOM) On the road to 100 USD ? 📈Hello everyone !
Today H₿ Capital is analyzing Cosmos (ATOM) based on a Weekly chart 📈
What we can see :
- Prices navigate in an ascending channel which is working perfectly since 2019.
- Back in December 2021, prices landed on the lower line of our channel, but, immediately rebounded to the 43$ area where our main resistance is (previous ATH)
- Spreads are near to zero despite the last bullish movement, so people seems to be neutral, which is a good point for bulls.
- There is a nice fib levels convergence.
- Despite this last big moves, we can identify a potential double top on prices and a bearish div on the RSI (wait for the closing time period).
What we can expect :
- If ATOM manages to break the 43$ resistance, then we can expect prices to reach the top of the channel.
- If ATOM failed to break the 43$ resistance level and the double top is confirmed (+ RSI bearish div), then we can expect prices to reach the lower line of the channel (very last support)
Resistances : 43$ (ATH) + Top of the channel
Supports : MM20 / MM50 / Support area / Lower channel
TP1 : 57$ (1.618)
TP2 : 85$ (2.618*)
TP3 : 116$ (3.618)
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MAY THE CRYPTO BE WITH YOU GUYS (D.Y.O.R)
Update: Cosmos (ATOM) broke volume resistance - looking strongCosmos (ATOM) broke volume resistance - still looking strong.
A conformation also given by the breakout on RSI short-term resistance.
But RSI also slightly oversold.
Why is ATOM so strong against other Cryptos - what do you think? 😎
Drop me a nice comment if you'd like me to analyze any other cryptocurrency or do another comparison.
*not financial advice
do your own research before investing
Cosmos Rebuy Zones- Everything is mostly depending on TheKing but some projects like Cosmos have been super bullish.
- i won't talk about Cosmos Network FA but this project like to be as peacemaker.
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Trade Plan
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- Buy : 20$ ish
- Rebuy : 16$ ish
- TP : 59$ ish
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- Stop : 13.8$
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- i don't show Fibo too keep this graph clean but 16$ is around 78.6% + ichimoku Weekly Support.
- Manage your entries and your exit points, don't be greedy, and follow TheKing.
Happy Tr4Ding !
ATOM/USDT : Potential zone$s to take SHORT ! BINANCE:ATOMUSDT
Hello everyone 😃
Before we start to discuss, I would be glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it !
#ATOM has showed some good potential in past couple of days and now it has reached the ATH and there could be a great opportunity to have a SHORT-TERM short and take a ride till the lower S/R !
In any term of breakout for new ATH; The first target level will be $54.54 and it would be our 2nd possible entry for any SHORT positions.
The targets are mentioned as pressure zone and levels; Also the invalidation will be the breakout confirmation on both mentioned level...
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Attention: this isn't financial advice we are just trying to help people on their own vision.
Have a good day!
@Helical_Trades
ATOM/USDT 90% up from our entry so now book profit time#ATOM/USDT
$ATOM currently trading at $41 and hit $44
90% up from our entry.
No surprise that price was rejected at ATH Resistance.
Because this is First Attempt.
Next..?
We can see some Retracement if Rejected from Resistance and we can see Price again around $30 range.
After break The resistance our Target will be $70-$80
Support:- $30
Resistance:- $44
ATOMUSDT - Great level to focusATOMUSDT is now at an important level. We can see Head and Shoulder pattern being formed at the lower side and this can be possible bullish breakout if we break 37, as currently it is on retest.
This also has a great risk and reward capability. I'll go long as it crosses 37 level for a target of 43 at least.
ATOM - short trade to 28$, then long to 40$, if you dare 😃ATOM hit old resistance at approx. 32.5$.
Good setup for short trade with stop loss just over resistance. I don't dare to take it, I will rather wait for breakout to take trade or enter long at green box zone. Don't like short in bull market.
Bullish pattern is in printing, once current resistance is turned into support, only 40$ level (trendline) is left before price discovery mode! 36$ could also act as resistance.