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Cosmos (ATOM) - July 22

BINANCE:ATOMUSD   Cosmos
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(ATOMUSD 1W Chart)
If the price is maintained above the 7.7772608-8.9843770 range, the uptrend is expected to continue.


(1D chart)
If the price is maintained in the range of 9.4214661-13.32243, it is expected to turn into an uptrend.

It should move above the 13.32243 point to continue the uptrend.

If it falls in the 7.4709843-9.4214661 section, there is a possibility of entering the mid- to long-term investment area, so careful trading is required.

However, you should also be prepared for this as it may touch near the 4.7908854 point and follow the uptrend line.

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(ATOMBTC 1W chart)
We need to watch for any movement that deviates from the sideways section, 31520 Satoshi-47250 Satoshi.

Also, it remains to be seen if there is any movement that deviates from the 16570 satoshi-58450 satoshi section, which is a large sideways section.

If it rises above the 47250 Satoshi-58450 Satoshi section, it is expected to create a new wave.


(1D chart)
If the price is maintained in the 32760 Satoshi-38820 Satoshi section, it is expected that the upward trend will continue.

If it falls in the 31520 Satoshi-32760 Satoshi section, you can touch the 23680 Satoshi-26710 Satoshi section, so careful trading is required.

You need to break out of the downtrend line to accelerate the uptrend.

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We recommend that you trade with your average unit price.
This is because, if the price is below your average unit price, whether it is in an uptrend or in a downtrend, there is a high possibility that you will not be able to get a big profit due to psychological burden.

The center of all trading starts with the average unit price at which you start trading.
If you ignore this, you may be trading in the wrong direction.

Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, ultimately allowing the funds corresponding to the profits to regenerate themselves.

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** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly as price and volume move.
However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator.
** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line)
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** See support, resistance, and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.

Explanation of abbreviations displayed in the chart
R: A point or section of resistance that requires a response to preserve profits.
S-L: Stop Loss point or section
S: A point or section where you can buy to make a profit as a support point or section.

(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)

GAP refers to the difference in prices that occurred when the stock market, CME, or BAKKT exchanges were closed because they are not traded 24 hours a day.
G1 : Closing price when closed
G2: Opening price
(Example) Gap (G1-G2)

[Example of exchange chart setup]

(Binance)
www.tradingview.com/x/S94aDxa8

(Upbit)
www.tradingview.com/x/DF6cGh3G/
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