🚀 $ATA /USDT – Double Bottom Breakout Incoming?

🔥 Classic Double Bottom Pattern Spotted! 🔥

The ATA/USDT chart reveals a textbook Double Bottom formation, signaling a potential bullish reversal. Let’s dive into the analysis and see why this setup could lead to explosive price action!

💰 CMP: $0.1868 (-0.16%)

📊 Key Pattern Highlights:

•Neckline Resistance: $0.2100 – A breakout above this level confirms the pattern.

•Double Bottom Support: $0.1691 – A critical level for bulls to hold.

•Measured Move Target: $0.2547 – Potential upside after a breakout.

💡 Insights from the FortuneAI Trading Indicator:

•RSI: Healthy at 52.77 ✅

•ADX: Neutral Trend (24.9) 🟡

•MFI: Neutral at 42.85 ✅

•MACD: Low reversal risk ⚡

•Aroon: Bullish Trend ✅

📈 Probability Insights:

•Green Candle Probability: 50.25%

•Red Candle Probability: 49.75%

💥 Bullish Catalysts:

1️⃣ The price is hovering near the neckline, indicating bullish momentum is building.

2️⃣ Strong trend signals across multiple timeframes (15-min, 1-hr, 4-hr, daily).

3️⃣ The FortuneAI Trading Indicator confirms a buy signal, suggesting the reversal is underway.

⚡ Strategy:

1️⃣ Look for a breakout above $0.2100 with strong volume for confirmation.

2️⃣ Consider a stop-loss below $0.1691 to manage risk.

3️⃣ Target levels: $0.2547 (initial) and higher if momentum sustains.

🛠 Tools Used: This setup is powered by the FortuneAI Trading Indicator, giving you cutting-edge insights and probabilities for smarter decisions!

🚨 Ready for the next move? Are you bullish on this Double Bottom pattern? Let us know in the comments! 🌟