Cosmos
AtomThe atom is at a very important point and two important supports on it, which if stabilized will go up to the end of the flagpole, which is 34%, and if it breaks this support and stabilizes down, it will be our loss. But we have a new scenario that says it has to move up unless the whales are naughty.
RSI is also supported at the support point.
Wyckoff Accumulation Schematic #2 - Template - ATOM/BTCAmazing example of a Trading Range following Wyckoff Schematic #2.
In an accumulation range there is a equilibrium of Sellers & Buyers causing price to move sideways but unknown to many the large operators are slowly absorbing all the Supply of the asset eventually as sellers become exhausted it pushes the asset into a Demand phase where price increases rapidly.
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For more information check out Stockcharts.com, Wyckoff Introduction & Tutorial for beginners.
school.stockcharts.com
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See my last Bitcoin Wyckoff Accumulation chart (Schematic #1):
FOAM log channel residence retestFOAM has been moving in a log channel since 2020. The price action within the channel moves in the same pattern over and over again. Foam has so far always formed cups which have been followed by approx. 235% short strong pumps.
I am a long term investor in FOAM
Cosmos(ATOM) | Trading PlanHello, everyone!
REWIEV
This is the new blockchain which aims to eliminate the disadvantages of proof-of-work protocols.
The Cosmos’s other aims include making blockchain technology less complex and difficult for developers thanks to a modular framework that demystifies decentralized apps.
FUNDAMENTAL ANALYSIS
Product 9/10
In my opinion Cosmos is a fundamentally strong. It has a nice development and many updates.
Tokenomics 7/10
Cosmos has the circulating supply 80%, so there are no supply shocks anticipated, but it has no maximum supply and additional tokens is going to be issued as a network reward.
Partnerships 5/10
Cosmos has the famous partners: Binance Chain, OKChain from OKEx, Terra Protocol. Not so good, but I can mark this point with 5 of 10.
Exchanges 10/10
All main and many small exchanges listed ATOM token.
Market Information 3/10
I don’t like the fact that this token made just 35X from it’s all time low, moreover it has the high market capitalization. Taking in account that the product is really amazing, ATOM can make 2-3X from current prices, but risks are very high.
DISCLAMER: Information is provided only for educational purposes. Do your own study before taking any actions or decisions at the real market.
ATOMUSDT SHORTAccording to the analysis, ATOMUSDT will probably reverse after a strong bullish movement. As we can see, we got short signal from the two indicators used for the analysis. MACD line cross below the signal line and this is usually interpreted as a sell signal. In addition, ADX shows us the trend is strong. Nevertheless, we need confirmation of our assumption before opening a short position. Therefore we should wait for the price to break the support and retest it as resistance. In conclusion, the rejection at the resistance will be our entry price.
no financial advice
ATOM is in the correction waveCHART 4H
Based on Japanese Candles, we have the second test MA50 but price can't close above MA50 within a huge volume. Besides, RSI has a negative signal.
I think that is bad for ATOM next week.
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CHART 1H
Seem ATOM is in a correction wave ABC with wave C is progressing.
I think that is a flat wave because wave B is done nearly the beginning of wave A.
If that's true, wave C will done at around 28.5
Let's wait and see
$ATOMCosmos, a decentralized, peer-to-peer network that enables data exchanges between blockchains, was the front runner, as its atom token gained 23% on Thursday to stand at $40.38 at 06:13 a.m. ET.
ATOM was one of the biggest gainers in the overall cryptocurrency market strengthening by nearly 24% as investors cheered the news of China’s Evergrande committing to pay off its debt, and enjoying the support of interesting fundamental developments.
At the time of writing, ATOM/USD is trading around $39.82.
One of the key factors driving up the price of ATOM is the increased trading activity among investors.
There’s a steady uptick in Cosmos’s trading volume over the past one month and a corresponding increase in its price, barring the slight dip earlier this week when the overall mood in the crypto market had turned bearish.
For me, I’ve personally been piling in quite a lot of cash over the past couple weeks.
When we move from the fundamentals to the technical side of things you can see ATOM has formed a huge cup on the daily with price recently break above all time highs and then retest price to see if previous highs will act as support.
This is something you should keep on your watchlist.
I’m bullish.
- Factor Four
ATOM - 12h - How much can you grow?Today we will talk about ATOM, one of the most stable cryptocurrencies in the long term. Will the ATOM price be able to gain a foothold above the previous all-time high? What are the prospects for continued growth from current prices? Why is there a very high chance of a collaps e of the ATOM market now? We will talk about all this in this idea.
We'll start with the weekly ATOM chart.
On it, you can see a clear growth trend that buyers organized from March 20, 2020. Pay attention to the local highs of this growth channel. Of course, the way the ATOM market reversed was different. When the cryptocurrency market was weaker, the reversal was sharp. In the case of insane market growth in early 2021, the market reversal lasted a little longer and was implemented through an ATOM sell-off in consolidation at the highs. However, the common feature of each ATOM reversal is the highest trading volumes at the local highs.
If you pay attention to the current weekly candles, you can see the largest trading volumes in the history of ATOM. At the same time, the price renewed its maximum and stopped.
If you go down to a smaller timeframe , you can see a local pivot point for buyers, from which you can plan to continue the local growth wave:
We have highlighted the $32.57 mark on the chart. Please note that this mark was first broken up by buyers on large volumes. Now all attempts of sellers to regain this mark under their control end in false breakouts.
Therefore, for the local continuation of the growth of the ATOM price without stopping in time, buyers should hold this mark in the event of a potential downward wave. In this case, after a short consolidation, we will expect the ATOM to continue to grow with a target of $59.
If the level of $32.57 is broken downwards, the last chance of buyers to continue growth will be in the range of $27-28 . However, in this case, buyers will show weakness, allowing a deep correction at the highs with large volumes. In this case, we would wait for a local price bounce upwards and close our positions.
The fact that a reversal process may begin on the ATOM market is also evidenced by the chart of the ATOMBTC pair.
Please note that the breakout of the black channel, in which the ATOMBTC price was trading from September 2019, took place on large volumes. However, it’s not easy for buyers to keep pushing the price up. In this case, we expect a minimum correction in the range of 0.000667-0.0007. In this case, it will be possible to talk about the acceleration of the trend. In the meantime, it is worth letting ATOM calm down a little and feel the foundation under your feet.
Loosing the 21 Weekly average would be catastrophic globalyJust point out the basic TA on S&P, I know the FED can always say they will print more money but consider that:
1) We never lost that channel since covid
2) Just like 2008 with the US, China have a huge Real State debt that they have to deal with.
3)US is at the highest debt in history by far, even if they don´t stop the printing and low interest rates big players could leave the market anyways.
If they do though, we are definitely F***CKED.
My advise: Stay out of all markets, open some small shorts (less than 5%) and watch from the outside.
Atom/Cosmos Smashing ATH and has little resistance at this levelLooking very bullish for EOY projections on Atom/Cosmos right now. It may come recheck its support lines at its previous highs, but it looks very bull into 2022. Don't long at this level wait for a dip, but if the opportunity presents itself it could be lucrative. Not financial advice, i just like this crypto.
ATOMUSDT 100$ Soon!ATOMUSDT (1H CHART) Technical Analysis Update
New All Time High
ATOM/USDT currently trading at $37.50
Buy-level: $34.00 - $38.00
Target 1: $50.00
Target 2: $75.00
Target 3: $100.00
Max Leverage: 1x or Buy it on spot market
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