These Altcoins Could Explode Next | Part 2
Coin Bureau Trading
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Video Summary
Two altcoin setups, Internet Computer (ICP) and Cosmos (ATOM), show potential for explosive growth, despite significant drawdowns. ICP is forming a falling wedge pattern with potential for a flush before a strong upward move, driven by its ecosystem's relevance to AI agents and international communities. ATOM, also in a falling wedge and having swept liquidity, presents a high risk-to-reward ratio, with analysts anticipating consistent profit-taking along Fibonacci levels due to Bitcoin's potential final flush down.
Both cryptocurrencies exhibit bullish signals on weekly charts, including upward trending momentum on indicators like Market Cipher and Stochastic RSI, suggesting a potential breakout. However, traders are advised to exercise patience, wait for strong confluence signals for entry, and utilize lower leverage, especially given potential short-term downward pressure influenced by Bitcoin's market movements.
Short Highlights
- Internet Computer (ICP)
- Forming a falling wedge pattern with potential for a final flush before a strong upward move.
- Relevant to the growing AI agent ecosystem and boasts extensive international communities.
- Shows strong upward potential from current levels, with historical pumps of up to 600%.
- Bullish signals on weekly charts, including Market Cipher and Stochastic RSI, suggest a breakout.
- Cosmos (ATOM)
- Exhibits a bullish falling wedge pattern with liquidity swept on the October 11th wick, easing upward movement.
- Offers a significant risk-to-reward ratio, with potential for parabolic moves after breaking key resistance.
- Bullish divergence on weekly RSI and upward momentum in money flow and VWAP signal potential.
- Trading Strategy
- Patience is key, waiting for strong confluence and Market Cipher entry signals.
- Consider nibble entries with low leverage due to the long-term nature of weekly signals.
Related Video Summary
Key Details
ICP: Falling Wedge and Accumulation [0:50]
- ICP is displaying a classic falling wedge pattern, a bullish technical formation, with consistent sideways movement indicating potential whale accumulation.
- A potential liquidity sweep at the bottom of the October 11th wick might precede a final flush before a significant upward move.
We are seeing a long time sniper resistance trend line as well as a falling support line giving a beautiful falling wedge pattern.
ICP: Fundamentals and Potential Upside [2:31]
- Despite a 95% drawdown from its all-time high, ICP has historically shown upward moves of up to 600% from similar levels.
- The token's ecosystem is seen as increasingly important with the rise of AI agents, and its focus on international communities is a strong fundamental.
But I do like it as of course we are moving into an era of AI agents and ecosystems like this will become increasingly important.
ATOM: Bullish Wedge and Liquidity Sweep [4:26]
- ATOM is also forming a bullish falling wedge, with bulls currently challenging a long-term resistance trend line.
- The liquidity imbalance from the October 11th wick has been swept, which could facilitate a parabolic explosion for the token.
Again we have a very strong falling support line giving us a beautiful bullish falling wedge and it is great to see that this 11th of october wick has had its liquidity swept meaning that it would be much easier now for the token to explode parabolically.
ATOM: Risk-Reward and Market Signals [6:27]
- ATOM is down 97% from its all-time high, presenting a high risk-to-reward ratio with a potential 1:60 return to its peak.
- Weekly Market Cipher shows a clean trigger wave below -45 with upward money flow and VWAP crossing zero, indicating bullish momentum.
It is great to note here that we are getting a very clean trigger wave on the wave trend on market cipher weekly below the minus 45 line with money flow making a strong trend upward and vwap crossing with some nice momentum over the zero line.
