ATOM: Resistance Breakout
Trade setup: Price broke above $10.00 resistance to signal continuation of an Uptrend with upside to $13.00. Previously, price broke above 200-day moving average to confirm a bullish trend reversal to an Uptrend.
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 $8.50 (previous resistance), then $7.50. The nearest Resistance Zone is $10.00, which it broke, then $13.00.
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 $8.50 (previous resistance), then $7.50. The nearest Resistance Zone is $10.00, which it broke, then $13.00.
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