Cryptos Relative Strength Update (August 2022)

Elliott Waves Trading

Among the big ones, Cosmos (ATOM) is one of the few cryptos that managed to give a monthly positive close for August. Most others including BTC, ETH, SOL et all, closed negative. Surprisingly, the other one that gave a positive close was SHIBAINU, though just barely.

Seems like ATOM has higher relative strength. Typically, the higher the strength, the lesser they fall during bear phases. During bull phases, these are the ones that outperform.

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