Are Atom Prices Ready for Their Next Uptrend? Key Indicators and Signals Say
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- ATOM is showing signs of potential recovery as the TD Sequential indicator has flashed a buy signal on the weekly chart.
- ATOM’s price retraced to the 0.618 Fibonacci level (61.8%).
Recognizing possible recoveries and trend reversals is vital for maximizing profits. Recently, Cosmos (ATOM) displayed indications of recovery as identified by the TD Sequential buy signal on its weekly charts.
Traders are preparing for a potential surge.
A recent analysis from AskFX demonstrated a distinct downtrend in ATOM charts, transitioning into a phase of consolidation before moving upward.
The Fibonacci retracement levels are crucial in pinpointing support and resistance zones. ATOM’s price retracement reached around the 0.618 Fibonacci level (61.8%), typically a reversal point. Coupled with the recent upward trajectory, this suggests robust support at that level – heightening recovery prospects.
Source: TradingView. p > div >
The Exponential Moving Average (EMA) crossover further bolsters this optimistic projection. The crossing of the 9-period EMA over the 26-period EMA signifies strengthening bullish momentum.
This type of crossover generally indicates an increase in price, supporting notions that ATOM’s uptrend may persist. p >
Purchasing pressure mounts as sentiment improves.
The weekly ATOM chart exhibits a clear buy signal via the TD Sequential Indicator, suggesting an end to bearish trends and potential reversals ahead.
The market signals hint at shifting momentum.
It’s worth analyzing overall liquidations for insights into short-term market actions; notable spikes around long liquidations were observed between levels of 0 .22% and .26%.
Such spikes often stem from traders being compelled to liquidate their holdings leading to temporary drops followed by recoveries.
At writing time, liquidation stood at 417 .81 , which appears relatively low in comparison with earlier peaks indicating limited liquidation-induced pressures within current markets decreasing chances for significant downturns or rebounds ahead.
ATOM appears poised for breakout movements.
Lastly , Bollinger Bands—significant volatility markers—further validate prospects for imminent increases across prices . At present times ,AT O M resides near lower Bollinger Band—a region associated frequently with supportive behavior facilitating rebounds upwards ; likewise adjoined conditions denote broader volatility metrics residing presently within points scored approximately £0 .05 historically signaling amongst patterns leads preceding dramatic fluctuations therefore foreshadow necessary upticks likely forthcoming too .
Technical indicators affirm willingness on part claim ready possibilities pertaining future recovering vibrant eventuality filled easement potentials reoccurring ..
