COAI has transitioned into a clear accumulation phase after the impulsive move and subsequent decline. Price is currently trading within a defined range, indicating balance between buyers and sellers.
The next significant move will come from a range expansion.
Until a decisive breakout occurs, price remains range-bound and patience is key.
Key levels: Range high / Range low
The next significant move will come from a range expansion.
- A breakout above the upper boundary of the accumulation would open the way for a bullish continuation, with a long target around $1.00.
- If the accumulation range breaks down to the downside, bearish continuation becomes likely, with a downside target near $0.33.
Until a decisive breakout occurs, price remains range-bound and patience is key.
Key levels: Range high / Range low
Trade closed: target reached
My telegram channel: t.me/blessing_cryptos
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
My telegram channel: t.me/blessing_cryptos
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.