If we look at 4 hours and 1-day chart we have two opportunities. It can be bullish if it holds its value above 13.414 which seems impossible right now. The triangle pattern even if it's 4 hr or 1 day we see it bearish. Atom will accumulate its value between 8.46-9.6.
I am sharing support and resistance for $ATOM/USDT.
You are smart enough to play this setup with a tight SL be it long or short.
Plus as I can see on 4hr there is a continuation of hidden bearish divergence on RSI which is a matter of concern. Personally I will wait for it to confirm support by daily closing above the important support zone I marked for further...
Atom move high to fast and now we have a two choice that atom will be continue to reach ATH this month/year, Or this is the highest price and make correction in few days latter. So we now just watch the trend is going sideway, then we'll wait until make a new trend that is uptrend or downtrend after this sideway. now we've wait and see and prepare for next trend
rsi is loaded, macd is too, fewer buyers at this level, the market needs a correction after such shots, I think it will work, but there is also a high probability that I am wrong, it's just my idea,
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%
ATOM / BTC
Nice pump after reaching new low against BTC pair
It already broke long downtrend falling wedge
Now try to breakout and flip strong weekly resistance into support .. BTC Dom in decrease can help the bull
you can accumulate atom after breakout of this resistance
Best wishes
#Atom USDT Signal ✌ 🤲 ⭕ ⭕
Buy Some 30% At Current Price,
Always Do Your Own Anylysis Before Take Any Trade..
ENTRY ZONE 👉 5.40 - 5.67
Sell Target 👉 Defend On You
💎Technical Analysis Summary💎
BINANCE: ATOMBTC
-Cosmos is trying to form an inverted H&S pattern
-The key point to trade this setup is to wait for the neckline break
-Buying above the key resistance will confirm the reversal pattern
-This will also ensure that the buyers have started entering the market
-The upside potential is up to 6200s sat or higher
A...
1-Ascending Triangle formation got 2 entry points
2-Check volume before go long entry or short entry.
3-This is not investment advice.Make your own risk management.
4-GL
BINANCE: ATOMBTC
-Cosmos is now testing previous support and resistance area
-If ATOM can hold this area of support for a few days
-There is a big chance it will bounce up to 6100 sat
-But everything depends on what will Bitcoin's faith this week
-Be careful, trading during this risky environment is very dangerous
-Use proper stop loss level and exercise correct...
ATOM/BTC
-The price has dropped over -36% from the High at 4950 sat range
-ATOM may have found support at previous key areas on 3229 sat
-If this level will hold for the next 5 days or so
-It will likely to go up and retest the 3897 region
-The 3800 regions if the new potential area of rejection
-Bearish scenario, break below 3200 will lead to Swing Low retest
ATOM/BTC is forming a BULLISH DOUBLE BOTTOM !
There is also news at the end of this month.
Let's see if ATOM will make a move..
BTC must behave for this pattern to play out..
Trade safe my friends...
BINANCE:ATOMBTC
ATOM/USDT
-starting to break upward this ascending triangle
-if the daily candle closes bullish
-there is a high probability we will see an uptrend continuation
-upside target is up to 5.1s
-stoploss is placed below 2.7s
