Analyzing the ATOM/USDT
Key Technical Indicators:
Current Price: $4.075
Moving Averages:
MA(7) = $4.267 and MA(25) = $4.266: Price is below both, indicating short-term bearish pressure.
MA(99) = $4.566: Price is well below long-term resistance.
MACD:
DIF = -0.042, DEA = -0.017, MACD Histogram = -0.025: Bearish crossover just confirmed.
RSI (6):
RSI = 29.36: Approaching oversold territory, but still trending down.
Conclusion:
Bias: Short
Price is making lower highs and lower lows.
MACD and RSI confirm bearish momentum.
No bullish reversal signs yet.
Short Strategy Suggestion:
Entry: On breakdown below $4.05–$4.04
Stop Loss: Above recent high ~$4.20
Target: $3.70–$3.50 range if support breaks