Crypto Contest May 12: Cosmos
Cosmos (Kraken: ATOMUSD) has broken out of the triangle pattern in the four-hour chart.
(Chart courtesy of Tradingview.com (log scale))
Elliott Wave Analysis
In Elliott Wave terms, ATOM began a wave one advance on April 24. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on May 5, and the red wave two (blue sub-waves a-b-c) correction ended on May 9. If this wave count is correct, ATOM should be heading next towards the May 5 peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
The Cosmos network is a decentralized network of independent, scalable, and interoperable blockchains. You can watch the launch event below.
How can I vote? Where is the contest?
You can vote by following this link.
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