Technical analysis by altFINS about Symbol ATOM: Buy recommendation (12/1/2023)

ATOM: Approaching Resistance Cosmos (ATOM) technical analysis: Trade setup: Price broke above the 200-day moving average and $8.50 key level, which confirmed an Uptrend, and reached our target of $10.00. Now we wait for price to either 1) break above $10.00 to signal continuation of an Uptrend with upside to $13.00, or 2) pull back near $8.50 support, which could be an attractive swing trade entry in Uptrend with upside potential back to $10.00. Trend: Uptrend across all time horizons (Short- Medium- and Long-Term). Momentum is Mixed as MACD Line is below MACD Signal Line (Bearish) but RSI > 55 (Bullish). Support and Resistance: Nearest Support Zone is $8.50 (previous resistance), then $7.50. The nearest Resistance Zone is $10.00, then $13.00.