ATOM has been consolidating in a range for more than 6 weeks.
Gravity Bridge Testnet will be live soon this month.
Chart is an idea for mid term trade.
Funding rates are high now so hope the entries gets filled and we could see a move up.
Two possible entries are :
20.659
19.856
Take profit at :
24.506 - 25%
26.550 - 25%
37.325 - 50%
Currently breaking the range derived from the 1D chart of the recent consolidation
We also have a pennant/a downward resistance trendline
Flips of these into support will be very positive
Also a flip of recent deviation high 23.2 would be bullish, and a good place to bid once passed
Not much wrong here, awesome project too is Cosmos Atom
Let's see how it and other...
ANALYSIS 🔎
- This is an analysis on ATOMUSDT based on the possible price actions in the coming days.
- ATOMUSDT recently hit an ATH.
- The market has been consolidating in a symmetrical triangle pattern.
- A relatively big move is imminent.
- We could see more upside or a correction
POSSIBLE PRICE ACTIONS AND CONDITIONS
- Uptrend : breakout above the...
Update...We had some nice upwards momentum recently but we have retraced. We now have a perfect confluence of re - tests to support, trend line & breakout. Providing the ascending trend line holds and we get above the 180EMA then ATOM is again looking very good. However, if it should break the trend line then the Fibonacci retracement levels & the levels of...
ATOM/BTC. Looking very bullish. With this chart I am using some moving averages in combination with my usual channels, patterns, support and candlesticks. The confluence of the moving averages helps confirm what looks already to be a very bullish looking setup. Combined with an ascending channel that re-established itself after faking out & undeniably good...
FA:
The project’s other goals include making blockchain technology less complex and difficult for developers thanks to a modular framework that demystifies decentralized apps. Last but not least, an Interblockchain Communication protocol makes it easier for blockchain networks to communicate with each other — preventing fragmentation in the industry.
A major...
Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.00035). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. ATOMBTC Cosmos Bitcoin is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a...
Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (20.9). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. ATOMUSDT COSMOS/USDTis in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic...
Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (15.6). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. COSMOS/USDT ATOMUSDT is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic...
Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (10.0). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. COSMOS/USDT ATOM/USDT is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a...
Could see either of these playing out, slight pullback with 9.625 level flipped to support or straight up through ATH.
Straight up seems more likely at this point with ALPHAUSDT and THETAUSDT doing something similar.
Trading suggestion:
". There is a possibility of temporary retracement to suggested support line (7.15).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. ATOMUSDT is in a uptrend and the continuation of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic...
