ATOM (Cosmos) Potential Reversal from Long-Term Downtrend

#ATOM/USDT #Analysis
Description

---------------------------------------------------------------
+ ATOM is currently trading near $5.05, slightly above the key support level of $4.46. The 21 EMA ($5.67) and 55 EMA ($9.00) are still above the current price, which may act as resistance levels if the price attempts to move higher. A successful break above these EMAs could further confirm the bullish reversal.
+ The chart highlights a strong support zone around $4.46
+ The RSI is currently at 32, indicating that ATOM is in the oversold territory and could be due for a bounce.
+ If ATOM holds above the $4.46 support level and breaks above the 21 EMA, we could see a rally towards the $14.65 resistance level. This would represent a significant potential gain of approximately 200% from the current price, making it a compelling setup for bullish traders.
---------------------------------------------------------------
VectorAlgo Trade Details
------------------------------
Entry Price: 4.464
Stop Loss: 3.128
------------------------------
Target 1: 5.772
Target 2: 7.203
Target 3: 9.581
Target 4: 14.333
------------------------------
Timeframe: 1W
Capital Risk: 1-2% of trading amount
Leverage: 5-10x
---------------------------------------------------------------
Enhance, Trade, Grow
---------------------------------------------------------------
Feel free to share your thoughts and insights.
Don't forget to like and follow us for more trading ideas and discussions.

Best Regards,
VectorAlgo
ATOMATOMUSDATOMUSDTBullish PatternsbuyChart PatternscosmoscryptoTechnical IndicatorsSELLsignal

Enhance. Trade. Grow

🖥 Website: vectoralgo.com/
✈️ Telegram: t.me/VectorAlgo
🕸 SocialMedia: linktr.ee/vectoralgo

Join for latest signals/updates/advice.
Also on: