ATOM/USD - Path to $13. Some choppy price action expected.

ATOM is currently stuck between two important levels, the support represented by Fib 61.8% or $8.5 and resistance at $10 or Fib 78.6%.

Overall momentum is bullish, so I expect us to get out of this range and move higher towards $13. Indicators on weekly look bullish and momentum appears good, despite some intra-day volatility in this channel. Thus my bias is bullish unless we fall under $8.5.

The larger pattern appears to be a big wedge which would place us in the middle of leg 3, so there is still room to go up before we correct on leg 4.

As soon as we break the $10 resistance, we should be clear to go higher. We also have good support levels if we happen to fall down, most important one being between $6-7 which was also a good buy opportunity in early January.

ATOM is also one of my top picks for 2021 - check the links below for the full list!

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