Cosmos ($ATOM) is the coin that powers the entire Cosmos ecosystem. It consists of a variety of projects from different spheres such as finance, decentralized exchanges (DEX), and cloud computing. The earliest price data I can find for $ATOM is from Kraken, starting in April 2019. Using this price data, the remainder of the article represents my best efforts to apply Elliott Wave Theory (EWT) to isolate its placement in market structures. I will assume that you have some knowledge of EWT to understand the terms, but I have also included a small glossary at the bottom for reference. EWT Summary Cosmos Price Data from Kraken | Source: ATOMUSD on tradingview.com. A link to the raw image since it might be hard to see all the details: https://www.tradingview.com/x/jIKwljmV. Cycle Wave 0 – Mar 2020 – $1.1151 Primary Wave 1 – $2.4794 Primary Wave 2 – $1.8482 (38.2% LFR) Primary Wave 3 – $32.2433 (3.618 LFE) Primary Wave 4 – $7.872 (50% LFR) Primary Wave 5 – $44.7383 (1.236 LFE) Cycle Wave 1 – Sep 2021 – $44.7383 Primary Wave A – $20.2221 (Contracting, Leading Diagonal) Primary Wave B – $33.2641 (Contracting Triangle) Primary Wave C – $5.5409 (Impulse) Cycle Wave 2 – Jun 2022 – $5.5409 (50% LFR) Primary Wave 1 – ONGOING Primary Wave 2 – TBA Primary Wave 3 – ..
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