ATOM/USDT: Strong bullish momentum on going

---- Mid-term Analysis for the next coming 4 weeks to 3 months - Daily on Daily Chart (LOG)-------

ATOM/USDT: Strong bullish momentum on going

Context
- The Global Crypto market leads by BTC and ETH reversed up drawing a new bullish trend - ATOM is one of the coin outperforming the ETH
- We are watching at 13,90 as resistance to re-integrate to provide a clear recovery signal in parallel of 2170 ETH
- Watch 8,70 as key Tactical support


Market configuration

- Graphical Elements :
Graphical Resistance = 20,10 & 44,80
Graphical Support = 8,70 & 5,50

- Mathematical Indicators:
EMA ( Exp Moving averages) are now support at 10,70 = Bullish
RSI indicator (below) is now above 50% = Bullish

- Elliot & Harmonic Wave (Fibonacci):
Fibonacci Target (C) B has been already reached = 5,50
Fibonacci resistance of the wave in progress = 1,90
Fibonacci support of the wave (ii) = 8,70
Fibonacci Bullish Target = 16,70 and 20,10


Conclusion

Preferred case => As long as 8,70 remains support we are looking to buy the dip in the buying area (10,70) in order to test and then surpass 13,90, before opening a further rise towards 16,70 and 20,10

NOTE: ATOM is actually outperforming ETH - We consider ATOM as a relevant coin to keep in portfolio