ATOM: Price Expansion

ATOM is in an all too familiar trading pattern, coming out of an A&E reversal (presumably) and cautiously retesting neckline to establish support. From here we expect a continuation of the markup up into the Fibonacci zones. All subject, of course, to BTC staying on its meds and not dumping. I wouldn't take it further than the 1.618% in a countertrend, which would close out the 2nd macro liquidity void at 9.67. Look for continued demand bars emerging around the 1.0% Fib for confirmation of a solid resistance/support flip. Invalidation: 8.65 and under.

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Trade closed: target reached:

Our 1.1618 Target was hit netting us a 7.25% profit. Not too bad. We take what we can and then we GTFO of the trade to count the gains and regroup. On to the next swing!