ATOM Closes in on New All-Time High Price

ATOM Closes in on New All-Time High Price
фото показано с : beincrypto.com

2021-9-10 20:45

Cosmos (ATOM) is increasing at a parabolic rate and is making an attempt at moving above the $26.70 resistance area.

Readings in both high and low time-frames suggest that it will eventually be successful in doing so.

Parabolic rate of increase

ATOM has been increasing alongside a parabolic ascending support line since June 22. The Sept. 7 drop caused another validation of the support line (green icon), and also a touch of the Supertrend line. The ensuing bounce created a very long lower wick.

Currently, ATOM is facing resistance at $26.70. A breakout above this are would likely take the token towards a new all-time high price. 

The MACD and especially RSI both support this increase. While the MACD has begun to decrease, it is still positive. The RSI is still above 50 and has generated hidden bullish divergence, a strong sign of trend continuation. 

Therefore, the daily chart suggests that an eventual breakout is likely.

Chart By TradingView

Cryptocurrency trader @thebull_crypto outlined an ATOM chart, stating that it will likely be the next coin to see a parabolic pump. As seen above, the readings from the daily chart agree with this assessment.

Source: Twitter Future movement

The shorter-term six-hour chart shows that ATOM has broken out from an ascending parallel channel and validated it as support afterwards (green icon). This also completed a fourth wave pullback.

The most likely target for the top of the upward movement is between $29.30-$30. The target is found by the 1.61 external Fib retracement of wave four (black) and the 0.618 length of waves 1-3. The next most likely target would be at $37.50.

Chart By TradingView ATOM/BTC

The ATOM/BTC chart shows that the token is in the process of breaking out above the 54,000 satoshi resistance area. 

If it is successful in doing so, the next resistance would be at 72,000 satoshis. 

The MACD and RSI are both increasing, supporting the possibility of a breakout. When combined with the bullish ATOM/USD chart, this makes a breakout very likely.

Chart By TradingView

For BeInCrypto’s latest Bitcoin (BTC) analysis, click here

The post ATOM Closes in on New All-Time High Price appeared first on BeInCrypto.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Atomic Coin (ATOMIC) на Currencies.ru

$ 0.0008254 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0.0008254 - H: $0.0008254
Капитализация $15.315k Rank 99999
Доступно / Всего 18.555m ATOMIC / 252m ATOMIC

atom price high all-time new closes resistance

atom price → Результатов: 102


Фото:

An ATOM Decrease Below the Current Support Could End the Upward Trend

The ATOM price failed to break out above the 65,000 satoshis resistance area throughout December and began a downward move that is still ongoing. The price has reached a very significant support level and the ascending support line that has measured the rate of increase since the beginning of the upward movement on September 6, […] The post An ATOM Decrease Below the Current Support Could End the Upward Trend appeared first on BeInCrypto.

2020-1-9 10:44


COSMOS Price Prediction: Long-term (ATOM) Value Forecast – July 6

ATOM/USD market has resorted to feature variant choppy price movements. A false breakout may occur against the $6 upper range mark may lead in giving the bears a decent entry. ATOM/USD Long-term Trend – Ranging Distribution territories: $7, $8, $9 Accumulation territories: $4, $3, $2 After being trending bearishly in the last week’s trading sessions, […]

2019-7-6 13:07


Cosmos Price Prediction: Long-term (ATOM) Value Forecast – June 1

OM/USD market operations have been seen trading on a relative increase moving mode since around May 30.  A line of price pull-downs may occur to give the bulls decent entries from bearish reversal. ATOM/USD Long-term Trend – Bullish Distribution territories: $8, $9, $10 Accumulation territories: $3, $2, $1 ATOM/USD market operations have been seen trading […]

2019-6-1 13:18


Cosmos Price Analysis ATOM / USD: Liftoff

Cosmos has a bullish short-term outlook, with the cryptocurrency challenging towards its all-time price high A bullish breakout is currently underway on the four-hour time frame The daily time frame is showing that the ATOM / USD pair is trading within a rising price channel Cosmos / USD Short-term price analysis Cosmos has a bullish […] The post Cosmos Price Analysis ATOM / USD: Liftoff appeared first on Crypto Briefing.

2019-5-30 15:49