ATOM 4HR Bat Pattern completed. Then next step?

ATOMUSDT

Hello my friends! This is MATE, a team dedicated to develop indicators and auto trading robot.
Let's have an analysis for ATOM.

In 4HR time frame, there is a bullish bat pattern. We usually place our profit target at the level of point c.
Also,it reaches the target successfully!

In my opinion, ATOM will have a sharp drop due to the following reasons.
(1) Both technical indicators LS_AUX and LS_Main are in the overbought zone, which will lead to high probability to retrace back.
(2) At $43.8, there is a resistance zone.

I think it might retrace back to the level of 0.618, 0.5, 0.382 of Fabonacci.
We can also see there are potential support zone around these three levels.

Retest the level then target the new highs would be the plan.
So I would wait for any retest to these three levels.

I would be glad if you share your opinion and hit the like button!
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Attention: this isn't financial advice, we are just trying to help people understanding how to analyze with technical indicators.