Expect ATOM to ralley upon elliot wave structureWe do expect ATOM to ralley after hit a perfect correctional structure upon its first impulse wave. On the bigger timeframes we do see a diagonal wave ((1)) forming wich was corrected towards the 6.60$ area. This area has been tested and we saw a significant impulse to the upside. as time of writing, we do expect to continue this rally
Primary targets are 18$ and futher.
ATOUST trade ideas
ATOMUSDTThis is a 1D frame analysis for ATOMUSDT Our support zone as you can see has supported the price multiple times and has been able to make a good climb, currently after the price hit it was able to move up and is currently in a position to make further progress upwards. Our resistance zones can be a good place for taking profits. And if it breaks below the support line it can see lower numbers but that is of a low probability and we are looking at a bullish scenario.
ATOM/USDT Review Chart Hello everyone, I invite you to review the ATOM chart in pair with USDT. First, we will use the blue lines to mark the downward trend channel in which the price moves in the upper range.
Going further, we can move on to marking support areas when we start a larger correction. And here you can see that the price remains at the support zone from $7.08 to $6.09, but if we fall lower, the next support zone starts at $5.10 and ends at $3.70.
Looking the other way, we see that the price currently does not have the strength to break the resistance at $7.90, but when it does, it will move towards the first resistance zone from $8.93 to $9.76, and then towards the second zone from $10.59 to $11.76, then we have strong resistance at $13.25.
Please look at the CHOP index, which indicates that we are quickly regaining energy for a new move, on the RSI we are in the process of recovery, which creates room for new increases, but the STOCH indicator shows that the dynamic movement of energy gives a very small price increase on the chart, which may translate into price recovery again.
head and shoulders PATTERNAm I right?
After long bullish trends, the price rises to a peak and subsequently declines to form a trough.
The price rises again to form a second high substantially above the initial peak and declines again.
The price rises a third time, but only to the first peak level, before declining again.
The neckline, drawn at the two troughs or peaks (inverse).
1
atomusdt-mentoringatom was a at some time another hyped project
as all scm-border project
it servs as a platform to create another difrent borderscm projects
( i alllways wonder why to create something "new" insted of implement the idea on btc chain
much secure and totaly decentralised- yes defenatly its harder and many will say
impossibale - well my answer is - ordinals
maby its a total useless for btc
but this "useless" is on a "legit" chain
but doesnt matter
from a trading perspective
from weekly its lookalike reched to bottom and upside is about 6.5x
now headding to 8.219- until reching this target
possibale short long scalps
look for short if reach to 8.219 and close under
look for long if close above 8.533
look for long if retrace to 6.649
look for short if close under 6.275
***
Tolerance will reach such a level that intelligent people will be banned from thinking so as not to offend the imbeciles- F.M.dostoyevsky
Bullish View On ATOMUSDT.PBullish bias on atom , atom made a new year low while sitting on a demand zone on the weekly .
The buying zone and why it is considered... Bias (Bullish)
1. This zone represents Market makers activity zone , why ? Because this is an area where manipulation took place
2. The big green candle is an outside bar which represents the manipulation candle aka Stop hunting (highlighted on the chart).
3 . It gives a strong structure break after taking out stops below and this makes this zone valid to take a trade on return to the block .
4. It is advisable to target the high first without making assumptions or unrealistic price target .. .. above all lower time frame gives clearer view to catch opportunities .
5. To follow the trend with this method then every bullish OB with msb is always a safe zone to buy untill the trends changed .
6. Any contrary view or comment , kindly share .thank you .
Note- this is just a review not a prediction or financial advise ,do your home work and act according to your personal conviction and in your very best interest .
Risk management is important to stay profitable
$ATOM* Double Bottom
* Falling Wedge
1HR Chart:
Bullish trend strength: 32
* ADX > 25
* MA7 > MA25 > MA99
* MA50 > MA100 > MA200
* Supertrend is long
* Price > MA50
* Price > Kijun Sen > Kumo
* Chikou Span > Price
* Volume is rising
Bearish reversal potential: 5
* MACD Bearish Cross
4HR:
Bullish trend strength: 19
* ADX > 25
* MA7 > MA25 > MA99
* Supertrend is long
* Price > MA7
* Chikou Span > Price
* MACD > 0
* Upper Bollinger Band Breakout
Bearish reversal potential: 6
* RSI Overbought
* Shooting Star
ATOM Rally Mode: Your Chance to Buy and Prosper!"Welcome to our crypto exploration hub! We're here to navigate the exciting world of digital assets, providing you with comprehensive insights into market dynamics and potential trading opportunities.Our mission is to decode the crypto market's mysteries and equip you with the knowledge you need to make informed investment choices. From the latest developments in Bitcoin to the hidden potential of various altcoins, we're your trusted source for daily technical analysis.While technical analysis is a valuable tool, it's important to remember that it's just one piece of the puzzle. We encourage you to take a well-rounded approach to your investments, considering factors like macroeconomic trends, news, and community sentiment.Join us for the freshest analyses, and don't hesitate to join the conversation in the comments below. Keep in mind that our content is purely for educational purposes and should not be construed as financial advice. Always integrate it into your broader investment strategy."
ATOMUSDT LONG 13/9/2023 Entry: 6.411
SL: 6.24
TP: 6.7
Fake out occurred at the green TL. Try to guess the bottom. Enter 50% of your position first, wait for confirmation breakout TL then enter 100% of your position CL 2%+- Below TL
Green TL at the support draw by connecting low of 18 Aug and 02 Sept
Green TL at the resistance draw by connecting high of 29 Aug and 08 Sept
ATOMUSDTATOMUSDT
Parsing
A symmetrical triangle pattern appeared on the chart. Exits from a symmetrical triangle can be either up or down, depending on which level breaks first. If the price of an asset breaks through the resistance level, then this indicates that an uptrend is starting in the market. If the price of an asset breaks through the support level, then this indicates the beginning of a downtrend.
It should also be noted that the symmetrical triangle can only be applied in certain market conditions, when the price of an asset is in a sideways trend and does not have a clear direction. In short, the symmetrical triangle is the most misunderstood of all triangle patterns.
So far, the following picture has emerged on the global chart:
The main support for atom is at $8.494 and $6.393. In the event of a collapse of the entire market, it is worth looking for rebound zones at these levels.
We would not recommend taking short-term positions yet. It is worth waiting for the breakout of either support or resistance of the symmetrical triangle. In case of breaking through the resistance, it is worth considering the following targets: 17.124 - 19.925 - 23.621 (marked with blue lines on the chart)
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