Cosmos (ATOMBTC) – Coin of the Week
This week’s coin is Cosmos. Cosmos aims to offer an antidote to “slow, expensive, unscalable” proof-of-work protocols, like those used by Bitcoin, by offering an ecosystem of connected blockchains. The project’s goals include making blockchain technology less complex and difficult for developers thanks to a modular framework that demystifies decentralized apps.
Technically, we started this year with an up move that began at historical lows for the coin and stopped at 0.00046 BTC. Although we expect the bullish trend to continue, we now expect a corrective move that would fuel the next leg up. We anticipate the price to correct at least to the blue trendline before we reach for the skies again.
Trade with care.
Best regards,
Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
Technically, we started this year with an up move that began at historical lows for the coin and stopped at 0.00046 BTC. Although we expect the bullish trend to continue, we now expect a corrective move that would fuel the next leg up. We anticipate the price to correct at least to the blue trendline before we reach for the skies again.
Trade with care.
Best regards,
Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.