Cosmos(ATOM) | Trading Plan

03.10.2021 4:29 pm

Trading diary

Part 3. ATOM trading plan

Hello, everyone! 

As you remember, we started with the Beefy Finance(BIFI) in part 1

Our second asset in the list was Ontology Network(ONT) in part 2

Today I am going to introduce you the third asset in our trading list – Cosmos(ATOM)

REVIEW 

This is the new blockchain which aims to eliminate the disadvantages of proof-of-work protocols. 
The Cosmos’s other aims include making blockchain technology less complex and difficult for developers thanks to a modular framework that demystifies decentralized apps. 

FUNDAMENTAL ANALYSIS 

Product 9/10
In my opinion Cosmos is a fundamentally strong. It has a nice development and many updates. 

Tokenomics 7/10
Cosmos has the circulating supply 80%, so there are no supply shocks anticipated, but it has no maximum supply and additional tokens is going to be issued as a network reward.  

Partnerships 5/10
Cosmos has the famous partners: Binance Chain, OKChain from OKEx, Terra Protocol. Not so good, but I can mark this point with 5 of 10. 

Exchanges 10/10
All main and many small exchanges listed ATOM token.  

Market Information 3/10
I don’t like the fact that this token made just 35X from it’s all time low, moreover it has the high market capitalization. Taking in account that the product is really amazing, ATOM can make 2-3X from current prices, but risks are very high.  

DISCLAMER: Information is provided only for educational purposes. Do your own study before taking any actions or decisions at the real market.

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TRADING PLAN 

I will buy ATOM at $28 if market allows me to do it as a short term trade. For the mid- and long-term trading I want to wait for Interest Zone. You can say to me that it is too long to wait this moment, but now the price is next to the ATH and I am not interested in such coins. 

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