Technical analysis by biconmoney about Symbol ATOM: Buy recommendation (3/22/2025)

1. Technical Overview:Strong Support Zone: ATOM is currently bouncing from a strong support zone around 4.1 - 4.5 USDT (highlighted in the blue area below). This has been a key accumulation zone since 2019-2020.Elliott Wave Structure:The first (1)-(2)-(3)-(4)-(5) wave sequence projects towards the 14-17 USDT range (by around 2026).Followed by an ABC corrective wave towards approximately 8-10 USDT.Then, a larger bullish impulse targeting 45-46 USDT (major wave (5) around 2028).Ichimoku Cloud:Price is still below the Ichimoku Cloud on the weekly chart (bearish bias on the long-term).However, price is testing a key bottom and showing accumulation signs at this support.2. Long-Term ATOM Trading StrategyPrimary Scenario (Bullish Bias):Entry Zone: Buy around the current level at 4.5 - 5.0 USDT (current price is ~4.67 USDT).Stop Loss: Below 3.8 - 4.0 USDT (below the key support).Take Profits based on Elliott Waves:TP1: 9 - 10 USDT (completion of mini wave (1)).TP2: 14 - 17 USDT (completion of mini wave (5) in 2026).TP3: 22 USDT (major wave (3) target).Final TP: 45 USDT (completion of major wave (5) projected around 2028).Alternative Scenario (Bearish):If the price breaks below 3.8 USDT, the next potential bottom could be around 2.5 - 3.0 USDT (historical lows).3. Supporting Factors:Long-term Accumulation: The 4.5 USDT level has acted as a strong base for multiple years.Volume: Volume is starting to rise slightly at these lower levels, signaling accumulation.Cycle Data: The Elliott Wave suggests a potential for a strong multi-year bull cycle (2025-2028).4. Notes:The chart is using Heikin Ashi candles, which smooth out the trend compared to regular candlesticks.This is a multi-year strategy, ideal for mid to long-term investors.