Cosmos - Is it Really Different? Or Is It Headed Back to $8?

2022년 2월 3일

Cosmos (ATOM) seems to be one of the only cryptocurrencies STILL in an uptrend. Does this mean it's "special"?

While I think it's fair to expect some sort of relief rally for the market eventually, I think it's fairly likely ATOM will break down from its uptrend as well, and end up at least back at $20. If it follows what many other coins are doing, it should also head towards $8, which is near Summer lows. This is a pretty significant decline from current prices. Recently, I've heard buzz of people raking in gains through airdrops on Cosmos. It seems a bit euphoric, so I wouldn't be surprised to see this thing tank. The sell volume on the weekly is extremely high. In the short term, if the market gets a relief bounce, ATOM can recover towards the $31-32 area and retest the 9 week EMA as resistance (orange on the above chart).

Let's see what happens! Maybe Cosmos can prove me wrong and hit the top of the long term ascending wedge, making a new all-time high this year. This is meant for speculation and entertainment only, not as financial advice.

-Victor Cobra

2022년 2월 4일

노트

ATOM has hit the 100 day MA (yellow), and it can perhaps head a little higher towards the 50 day MA, in the $32-33 range. There is still plenty of room for the crypto market to bounce.

2022년 2월 4일

노트

2022년 2월 24일

노트

Here we go

2022년 4월 22일

노트

There's the trendline break. I think it's fairly likely a number of alts will drop 50-80% in the near future, ATOM being one of them.