Update on ATOM:Bears are in Full Control.
Hi every one
COSMOS / TETHERUS
This is an update on ATOM's last analysis. Last Time Which We Talked about ATOM, We were at the Top of The Broadening Wedge Pattern and we were Expecting a Bearish Movement From It. right now That Bearish Movement Is at The Middle of It's Way and It has Reached The Support Level Which We Mentioned Last Time! There Is a High Chance That This Bearish Movement would Continue To The Bottom of This Broadening Wedge Pattern. The Strong Support Level Is Drawn For You. (around 20$)
🟡What Is Cosmos (ATOM)?
In a nutshell, Cosmos bills itself as a project that solves some of the “hardest problems” facing the blockchain industry. It aims to offer an antidote to “slow, expensive, unscalable and environmentally harmful” proof-of-work protocols, like those used by Bitcoin, by offering an ecosystem of connected blockchains.
The project’s other goals include making blockchain technology less complex and difficult for developers thanks to a modular framework that demystifies decentralized apps. Last but not least, an Interblockchain Communication protocol makes it easier for blockchain networks to communicate with each other — preventing fragmentation in the industry.
Cosmos’ origins can be dated back to 2014, when Tendermint, a core contributor to the network, was founded. In 2016, a white paper for Cosmos was published — and a token sale was held the following year. ATOM tokens are earned through a hybrid proof-of-stake algorithm, and they help to keep the Cosmos Hub, the project’s flagship blockchain, secure. This cryptocurrency also has a role in the network’s governance.
Previous Analysis:
🔴This is only an idea and not a financial advise ( NFA )🔴
💎Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad.
Thank you for seeing idea .
Have a nice day and Good luck
COSMOS / TETHERUS
This is an update on ATOM's last analysis. Last Time Which We Talked about ATOM, We were at the Top of The Broadening Wedge Pattern and we were Expecting a Bearish Movement From It. right now That Bearish Movement Is at The Middle of It's Way and It has Reached The Support Level Which We Mentioned Last Time! There Is a High Chance That This Bearish Movement would Continue To The Bottom of This Broadening Wedge Pattern. The Strong Support Level Is Drawn For You. (around 20$)
🟡What Is Cosmos (ATOM)?
In a nutshell, Cosmos bills itself as a project that solves some of the “hardest problems” facing the blockchain industry. It aims to offer an antidote to “slow, expensive, unscalable and environmentally harmful” proof-of-work protocols, like those used by Bitcoin, by offering an ecosystem of connected blockchains.
The project’s other goals include making blockchain technology less complex and difficult for developers thanks to a modular framework that demystifies decentralized apps. Last but not least, an Interblockchain Communication protocol makes it easier for blockchain networks to communicate with each other — preventing fragmentation in the industry.
Cosmos’ origins can be dated back to 2014, when Tendermint, a core contributor to the network, was founded. In 2016, a white paper for Cosmos was published — and a token sale was held the following year. ATOM tokens are earned through a hybrid proof-of-stake algorithm, and they help to keep the Cosmos Hub, the project’s flagship blockchain, secure. This cryptocurrency also has a role in the network’s governance.
Previous Analysis:
🔴This is only an idea and not a financial advise ( NFA )🔴
💎Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad.
Thank you for seeing idea .
Have a nice day and Good luck
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