As you can see, ATOM has made two very strong moves against Bitcoin in the last year and a half, gaining 265% in the first move and 200% in the second move. Depending on how fast it occurs, a similar move would result in a 190% gain for ATOM.
What I'd like to see before making a purchase is a strong, weekly green candle or a on the support trendline, follwoed by a strong weekly candle. These strong moves against Bitcoin show a lack of correlation with Bitcoin , which makes this an even more attractive altcoin asset. (Diversifying with uncorrelated assets is key to portfolio stability).
For me, executing this purchase is pending a strong weekly candle (or other strong sign of reversal) as well as a thorough investigation of Cosmos from a fundamental standpoint.
I'll be posting my in the CryptoSlackers group chat (head over to cryptoslackers.com to join for free), as well as on the CryptoSlackers YouTube channel.
#ATOM #COSMOS #ATOMBTC