SublimeTraders

COCOS has insane potential here

Long
Cocos-BCX is a decentralized bridge between GameFi and any nft Metaverse platform featuring launchlpads, investment, distribution, IGO, staking and a big dev community.

The fundamentals of this project are solid, creating a bridge in what is to be one of the biggest revolution our generation has known besides crypto.

Technicals:


The daily seems to have found good support at the $1.80 Level and is consolidating for the upside.


On the 4h Chart

Suffered losses and sideways CRAB action for the last weeks, but what is changing now is that projects will start announcing stuff that the market will react to .

Notable pattern, less visible is that last time COCOS sprung from below the 200MA with monstrous volume gaining 785%, the volume just before that was extremely similar to what we have now.
That doesn't necessarily mean that we will have the same increase now but closing above the MA (which is a really simple way of looking at the chart) will provide confirmation of an upwards pointing market.

On the 1h Chart
A break has already happened and is heading upwards

Profit taking:
Aiming at the 0.618 Fib as a final take profit in the long run but not blindly waiting for it, take profits along the way , green is green!

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