I continue to build a medium- and long-term portfolio on my accounts and clients’ portfolios. This time we’ll talk about a coin that performs well in bull markets.
📚 Fundamentally:
Cosmos (ATOM) is a network of blockchains that interact with each other through the central Cosmos Hub blockchain. $atom 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.
📊 Technical analysis
The coin fell at the moment by -87% of its highs. However, the coin is available from June 2022. is in the stage of “accumulation” and is still on the global level. On the weekly and daily timeframes, it can be seen that the coin is starting 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, anything higher can already be considered that the coin is in a bull market, but at such levels the coin will have a completely different volatility, so you can gain an investment position now.
❇️ Forecast until the end of 2024: “Buy”
✳️ Entrance fee: $9
🛡️ Stop loss: I recommend taking a deal for investment without a stop.
💼 Volume per transaction: up to 2-3% of the crypto portfolio.
🎯 Goals: $15; $32; $44.
📈 Rocket growth potential: up to 400% by the end of 2024.
🔰Result:
You don’t have to read the news or worry about market noise, because I and my small team of analysts do this work for you.
📈 A medium-term portfolio will outperform any trading strategy in terms of profitability, so I carefully collect my portfolio. In it I bet on crypto, raw materials and metals. There are a bunch of new ideas with great potential ahead, subscribe 🚀
