Cosmos / TetherUS
Long

ATOM: Resistance Breakout

89
Trade setup: Price remains in an Uptrend. It bounced off of $8.50 support (also 200-day MA) and could revisit $13.00. Momentum is also inflecting bullish again (MACD Histogram rising). Stop Loss (SL) level at $9.40 (just below the breakout level).

Trend: Neutral on Medium-Term basis and Uptrend on Short- and Long-Term basis.

Momentum is Mixed as MACD Line is below MACD Signal Line (Bearish) but RSI ~ 50 (Neutral). MACD Histogram bars are rising, which suggests that momentum could be nearing another upswing.

Support and Resistance: Nearest Support Zone is $8.50, then $7.50. The nearest Resistance Zone is $10.00, then $13.00.

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