ATOM - GLOBAL IDEAThe 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.
