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👀Huobi x CoinMarketCal👀A Coin To Keep An Eye On!

CoinMarketCal has selected ATOM as the coin to keep an eye on this week!

🔹What is (Cosmos) ATOM?

The Cosmos (ATOM) is a cryptocurrency that is positioning itself as a decentralized network of independent blockchains that operate on the basis of Byzantine fault tolerance algorithms (BFT). Tendermint BFT is a byzantine fault-tolerant consensus engine that powers Cosmos Proof-of-Stake. These blockchains interact with each other through the Cosmos network, called the “Internet of blockchains.” Cosmos Hub is the first blockchain launched in Cosmos, and its main task is to interconnect other blockchains in the ecosystem. Tokens can be safely and quickly transferred from one blockchain to another within the Cosmos Hub.

🚀Grab Your Bonus
ATOM | USDT 1D Oct 4th 20:20 EDT

📅Event: On Oct 5th Cosmos had an AMA with @chjango about Cosmos with @kyle_vbc.

📈Analysis

After a meteoric 245% rise in July alone, ATOM has almost fully retraced and could form a reversal.

The bullish trendline, consolidation area, and 62% fib retracement converge near a former price inefficiency near $4.256. This level provided support — and also provided the base to what many traders may view as a potential inverse head and shoulders pattern reversal.

Bulls might take positions in the current area or on a pullback toward the previous week’s low. Targets include a previous week’s high and probable resistance levels up to $6.978.

Bears could enter near the bearish trendline and a previous week’s high near $5.596. Targets range from the previous weekly low down to price inefficiency near $4.304.

🔹Trade ATOM on Huobi

👀Follow Us On Twitter @HuobiGlobal + @CoinMarketCal

👀www.huobi.com; coinmarketcal.com

Risk Reminder:

1. Trading in digital assets comes with high risks due to huge price fluctuations. Users should be fully aware of the risks associated with digital asset trading and make prudent trading decisions.

2. Huobi Global’s announcements and information do not constitute investment advice, and Huobi will not bear responsibility or provide compensation for direct or indirect losses arising from trading decisions whilst relying on this information.

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