It seems that ATOM could be moving within an Ascending Triangle. An Ascending Triangle is a "Bullish" continuation pattern, so this means if Price comes in, in an Uptrend there's a higher probability that it will break higher and vice versa.
I did use the Heikin Ashi candle in this chart, since it gives you a clearer view on the current "Trend". Presently, it seems that the current Downtrend is weakening and that there's a Chance of a reversal, the MACD also do start to "Confirm" that.
Also, the Fibonacci Golden Pocket got retested again, we have seen a beautiful bounce of that.
Coming back to the Ascending Triangle, of course a breakout can occur way earlier than shown here, but usually price moves withing the pattern until the apex is reached. In that case, ATOM could range between 30-40$ for Weeks to come now until breaking higher.
After a Breakout, preferably there's going to be a retest and a Bounce of the upper Trend line that got broken. Measured Target would be at 59.70$
KEEP IN MIND: The World is in a Volatile situation, so this always can turn to the opposite.
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Sorry for the spelling error on the chart.I meant to say: "MACD starts to Confirm the Trend as seen on the Heikin Ashi Candles."
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So, Atom faild to hold the Line. Sadly a Bullish MACD Cross did not happen to, just yet.