ATOMUSDT - OversoldIn this market I wish I had more money to invest ( "you need money to make money " ). Anyways...
Observe the above 5D chart (USDT pair). Consider the following:
1) Price has declined nearly 87% from its all-time high
2) Falling wedge pattern on RSI
3) Price sitting at previous resistance/support (no indicator this level will act as support now though)
4) For a consecutive 50 days (80 if we ignore the green doji candle printed on 16 April) ATOM has been depreciating
5) RSI at heavily oversold levels
2D BTC pair below satisfying the same above points
Timeframe: Not sure
Return (initial) : 0.5x - 2x
Leverage: Most I would use here is 2x.
PS : Not sure why but the 2D BTC pair is extremely strong. Not financial advice!