Cosmos (ATOM) is a network of blockchains that interact with each other through the central Cosmos Hub blockchain. ATOMUSDT is the native token of Cosmos Hub. The Cosmos project offers technology that allows direct payments between blockchains of different cryptocurrencies without the participation of exchanges.
Thus, the Cosmos platform itself is a decentralized exchange platform. This project has support for smart contracts within the network. The coin fell at the moment by -87% of its highs. However, from June 2022 is in the stage of “accumulation” and is still near the global level. The coin begins to grow on high volumes, and this is a strong medium-term signal to go long.
First, the coin needs to gain a foothold above the $15 level. Next, parabolic growth may begin. The coin is on the weekly timeframe in the neutral zone of RSI (58). On lower time frames, the RSI is also in the neutral zone. The price has already rolled back to the golden ratio of 0.618 fibo. Below is support in the form of the $8.55 level and the long-term moving average MA200d. Formation of the Bullish Wedge pattern.
💼 Buying Atom for your average daily portfolio.
🔎 Ticker: $ATOM
✳️ Entry price: $10.4
🛡 Stop loss: it is better to take a deal without a stop in investment.
💼 Volume per transaction: up to 3% of the crypto portfolio.
🎯 Goals: $15.1; $32; $44
📈 Transaction growth potential: up to 365%.
The coin definitely needs to be taken into a medium-term portfolio and it is better without a stop, since the potential drawdown is not high and the coin is still somewhere near the bottom.
A medium-term portfolio will outperform any trading strategy in terms of profitability, so I carefully assemble my portfolio. In it I bet on crypto, raw materials and metals. There are a bunch of new ideas with great potential ahead, subscribe 🚀
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