Cryptocurrencies

Crypto Contest September 10: Cosmo Coin

Cosmo Coin (Bittrex: COSMBTC) has broken out of the triangle pattern in the four-hour chart.

(Chart courtesy of Tradingview.com (log scale))

Elliott Wave Analysis

In Elliott Wave terms, Cosmo Coin began a wave one advance on September 3. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on September 6, and the red wave two (blue sub-waves a-b-c) correction ended on September 9. If this wave count is correct, Cosmo Coin should be heading next towards the September 6 peak in the red wave three.

(Chart courtesy of Tradingview.com (log scale))

Zooming out in the daily chart, I believe Cosmo Coin is currently in the red wave three (blue sub-wave iii). The red wave three began on September 3.

(Chart courtesy of Tradingview.com (log scale))

Funnymentals

Cosmochain is designing a blockchain-based beauty ecosystem that connects beauty industry players with customers willing to share their thoughts on cosmetics. You can watch their intro video below.

(Sources: Cosmo Coin and YouTube)

How can I vote? Where is the contest?

You can vote by following this link.

About the author: Markus Aarnio
I have 20 years of investing experience. I have traded stocks, commodities, cryptocurrencies, and forex markets.

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