Technically in daily :
. ATOM seems to finish its wave 2 composed of a flat + wave x + triangle
. An hourly zoom highlights the presence of a bullish diamond pattern which is contributing to the exit of the triangle.
. With wave 2 completed, ATOM could then follow up with a wave 3 ending around $75 (projection x1.618)
. The breakout above the previous ATH at $45 is worth watching as it would also validate a cup and handle pattern.
The convergence of these hypotheses could eventually result in an ATOM between $75 and $83.
Basically :
. In the near future, Cosmos could become the main layer 0 complementary to ETH and BTC in the years to come.
. Its strengths: true decentralization, governance,IBC, security, .
. Its dynamics: It is currently growing strongly with liquid staking, the 1st consumer chains on ICS,...
Strong increase in the number of developers in COsmos.
This opinion is of course criticizable and summary and does not constitute an investment advice.
Feel free to comment and give your vision of Cosmos and its positioning
. ATOM seems to finish its wave 2 composed of a flat + wave x + triangle
. An hourly zoom highlights the presence of a bullish diamond pattern which is contributing to the exit of the triangle.
. With wave 2 completed, ATOM could then follow up with a wave 3 ending around $75 (projection x1.618)
. The breakout above the previous ATH at $45 is worth watching as it would also validate a cup and handle pattern.
The convergence of these hypotheses could eventually result in an ATOM between $75 and $83.
Basically :
. In the near future, Cosmos could become the main layer 0 complementary to ETH and BTC in the years to come.
. Its strengths: true decentralization, governance,IBC, security, .
. Its dynamics: It is currently growing strongly with liquid staking, the 1st consumer chains on ICS,...
Strong increase in the number of developers in COsmos.
This opinion is of course criticizable and summary and does not constitute an investment advice.
Feel free to comment and give your vision of Cosmos and its positioning