Only for educational purposes only – not financial advice. Fibo levels lookin dank. Only bad thing is the uptrend of bitcoin dominance (CRYPTOCAP:BTC.D), which refrains me from entering too much. Stay cautious!
We have BTC looking for an ABCDE correction in 100% of the FIBONACCI with a strong bearish divergence (TF-1D & 1 week). Atom just like Bitcoin looks for a large accumulation, remember that despite the scarcity of Atoms in circulation, we have leverage markets that can use other collateral to throw the price and keep it in accumulation ... Take it easy my friends...
ATOM (Cosmos) (4H TF) Introduction...!! Developed by the Tendermint team since 2016, Cosmos is a highly forward-looking cross-chain blockchain project that aims to achieve a “blockchain-based internet” based on token transfer and to construct a deeply integrated token economy ecosystem. Cosmos Hub is the first cross-chain hub of the Cosmos ecosystem, and...
My last day-trade failed due to ATOM accumulation. Now we can see the result of its accumulation. (triangle) Good luck!
ATOM Showing some strength; I wager we'll test R1 and get rejected. If we manage to break past R1, then buying the retest could be a potentially interesting long scenario.
With the recent launch of Atoms on Poloniex, Kraken, Huobi, & others, we have seen some great hype regarding the project. At a .1 cent token price, ICO participants are sitting pretty for the time being. However I think market sentiment and recent news and Tether FUD will be seeing us to sub 5k BTC levels giving us a nice chance for a decent short on a $ATOMS...
At a market cap ~800 million Cosmos is grossly over valued for such a fresh project on the market. Interoperability is currently a hot topic, and the project will surely gather attention going forward, however I think that in the short term we'll see a draw down or 2-4x putting us closer at a valuation of ~200 Million (.80~ cents) Will be watching for a break...