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.
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.
Commento:
AND THE LAST CHART
BTC PRICE:
BTC PRICE:
Commento:
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.
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.
Commento:
Commento:
ATOM/BTC CHART:
ATOM DOMINATION CHART:
ATOM PRICE CHART: