Technical analysis by without_worries about Symbol ATOM: Buy recommendation (3/24/2025)

On the above 6 day chart price action has corrected 90% since early 2022. A number of reasons now exist to be long, they include:1) A trend change in RSI. In fact the first higher low to print since exiting the downtrend in June 2020.2) Regular bullish divergence as measured over 3 months.3) Double bottom print on legacy support.4) The bull flag forecasts price action to the late $30 area perhaps $38.Is it possible price action continues correcting? Sure.Is it probable? No.WwActive on publication.For the moment, broken market structure. Bulls MUST push price action back over $4.50, and with volume.$1.50 is the next support test should broken market structure fail to recover.