Cosmos has a great chart...
How are you doing my dear friend?
Ready for a new yesterday, tomorrow-today?
Are you ready to explore this chart with me in this wonderful day?
Cosmos has a great chart because it is trading very low compared to historical prices. We have the entire chart here. We can see action since May 2019.
The chart is great because of the low price. Since we consider these altcoins for buying with a bullish bias and the aim of making money long-term, low prices are the best we can ask for and the best we can get.
Now, new all-time highs potentials are based on long-term higher lows. That is, the pair in question produces a higher low in its current (present day) correction/accumulation phase compared to the low hit before the major 2021 bull-market (2019/2020).
Cosmos (ATOMUSDT) is ready to "dive down" and can potentially hit a long-term lower low. This opens up a new scenario and also a question: Will Cosmos hit a new all-time high in 2025/26 if the incoming accumulation phase produces a long-term lower low?
Higher lows lead to higher highs. Lower lows lead to lower highs.
If the chart structure breaks down, the overall dynamic changes.
We can easily assume that no new ATH would be hit on the next wave if this type of situation develops, or, a weak new ATH rather than the very strong projection we are considering in other pairs. This is only if the pair crashes to new all-time lows which is a clear sign of weakness. Currently, we are still seeing long-term higher lows.
The low in question stands at $1.923 on March 2020.
Why is Cosmos dropping so much compared to other pairs?
Other altcoins are still trading within a higher low compared to their lows in mid-2022. Some are relatively high when looking at the entire chart. So why is this one lower? (Cosmos is currently trading below its June 2022 low.)
The insiders are selling. The only reason why a project would continue lower and lower and lower, is because of insiders selling. The insiders are the developers, miners, project owners and exchanges. If they are selling this strongly, this is never a good sign. They either don't like their project or something no good is going on behind the scenes. But, with so many choices we can always pick a different pair if we have any doubts. Now, with that said, once the low is hit and the accumulation zone is activated the pair, for trading purposes, remains valid the same, regardless of the fundamentals. Thus this becomes a personal choice.
If insiders are selling too strongly I would personally stay away for the simple fact that we have just too many choices and we can't grab them all. Cosmos continues moving within a long-term higher low, so the extreme scenario is still not in but getting close. God knows how this and other altcoins will react when Bitcoin produces its major flush.
The all-time high sits at $44.7. Current price $4.7, easily 10X.
Even if no new ATH appears in 2025/26, potentials for profits are still great. Thinking of the long-term lower high or a shy new ATH, say $40, $50, $55, etc.
(Coming from a new ATL of $1.5 can translate into 30X potential —as an example.)
The strategy is the same, if you like this project and want to engage it long-term, just buy and hold... And let the market take care of the rest. Wait for the crash though. Always after the crash we can start buying. When the "accumulation zone" becomes active.
Thank you for reading.
Namaste.