The ATOM has been consistently following an upward trend since 2019. The certainty of a new cycle for ATOM is still uncertain. However, by considering that the asset is not experiencing a depletion but rather undergoing a shake-up, we can speculate that a pattern similar to the previous cycle will unfold.
This pattern typically involves an initial phase of accumulation, followed by the first wave of growth, a subsequent phase of re-accumulation, and finally, the last wave of growth, culminating in a distribution phase.
Analyzing the Fibonacci from the last cycle, we can set price targets at approximately $70. This suggests a potential increase of 300% from zone accumulation. To break it down further, the accumulation phase is anticipated in the range of $7-$14, with the distribution phase expected to occur between $70 and $100.
It's important to note that the specific dates on the chart are approximations. As the exit from the accumulation phase approaches, I will provide timely updates to the chart to present a comprehensive and up-to-date picture.
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Amazing information, look at all the bottom of the ATOM:
ATOM/BTC CHART:
ATOM DOMINATION CHART:
ATOM PRICE CHART:
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AND THE LAST CHART
BTC PRICE:
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Note how clearly and cyclically the chart works with the SMA (red line).
I have highlighted 5 steps of the last cycle especially for you and transferred them to the current one.
So far, I don't have any arguments that ATOM won't show the scenario that is indicated on the main graph of this post.
Hey, when do you think ATOM will hit 28 as indicated at your main chart?
Ichigoo_Kurosaki
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@rob360x, ATOM generally lives on its own, it grew even at the peak of the bear market, so unfortunately, I just don't know the approximate date of growth.
There are 2 more resistance zones, $14 and $16, if we pass them, I expect $25-28 non-stop.
GoHugACactus
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Thank you for this breakdown. It’s hard to find technical info on Atom. I keep buying and wondering if I’m crazy or foolish. My brain says we look low on the charts.