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altFINS
Feb 27, 2024 12:57 PM

ATOM: Approaching Resistance Long

Cosmos / TetherUSBinance

Description

Trade setup: Price is in an Uptrend. It broke back above $10 resistance, which signals resumption of uptrend, with +20% upside potential to $12 near-term. Stop Loss level at $8.90.

Trend: Uptrend across all time horizons (Short- Medium- and Long-Term).

Momentum is Bullish (MACD Line is above MACD Signal Line and RSI is above 55).

Support and Resistance: Nearest Support Zone is $10.00 (previous resistance), then $8.50. The nearest Resistance Zone is $12.00.
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