Cosmos Forecast - 73% Crash, Now What? When will the bottom be reached?

The Cosmos course was able to reach an important support thanks to the price loss of around 73%. This is located at around $9. This support has then served as resistance twice in a row. After that, the support already served three times as a support. Now the fourth time (assuming support holds). Since this level was very significant in the history of the Cosmos price, we do not expect the Cosmos price to drop any lower for the time being. It could happen, but the odds are slim for now just looking at the weekly chart.

The Cosmos course could form a descending triangle in the past few days, which is why you should definitely be careful! Since the price is already in the last third of the triangle, the price could break out at any moment. Since descending triangles are interpreted as a trend continuation pattern, we also expect a bearish breakout. We anticipate that once the $9 support breaks, the price will target the $7 support. There, the course could meet buyers again and recover for the time being.

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