Fib Circle dump example scenario ATOMUSD

As per the above chart, I have found a possible example that may play out the same
The premise is price dumps along the side of the Fibonacci circle
I think this is because the price is "attracted heavily" to the circle as it dumps, causing this chart phenomena
I don't want to spread fear for ATOMUSD hodlers, simply trying to find another example. It could play out completely different.

If anyone knows more about this, comment !