Dear My Friends,
🧭 Trend Overview
Current Trend: Strong uptrend (parabolic move) – the price has surged vertically from around 1.3 → 5.7 USDT within just a few days.
Observation: A long upper wick candle has appeared at the top, indicating that profit-taking pressure is starting to emerge.
Volume: Trading volume is declining while price continues to rise, showing signs of bearish volume divergence, which warns of a potential trend reversal.
📊 RSI & Momentum Analysis
On the 1-hour timeframe, the RSI is currently in the overbought zone (above 80) → indicating high correction risk.
There are signs of bearish divergence between price and RSI:
🔺 Price forms higher highs
🔻 RSI forms lower highs
→ This is a short-term top warning signal.
🎯 Strategic Outlook
→ Avoid FOMO buying at the current price zone, as the correction risk is high.
→ If you’re already holding a long position, consider using a trailing stop or taking partial profits around 5.7 – 6.0 USDT.
For futures traders:
→ You may look for a light short entry around 5.8 – 6.0 USDT.
💡 Conclusion
COAI is currently in the final euphoric phase of its uptrend, showing signs of bearish divergence and weakening volume, which suggests a high probability of an upcoming correction phase.
🧭 Trend Overview
Current Trend: Strong uptrend (parabolic move) – the price has surged vertically from around 1.3 → 5.7 USDT within just a few days.
Observation: A long upper wick candle has appeared at the top, indicating that profit-taking pressure is starting to emerge.
Volume: Trading volume is declining while price continues to rise, showing signs of bearish volume divergence, which warns of a potential trend reversal.
📊 RSI & Momentum Analysis
On the 1-hour timeframe, the RSI is currently in the overbought zone (above 80) → indicating high correction risk.
There are signs of bearish divergence between price and RSI:
🔺 Price forms higher highs
🔻 RSI forms lower highs
→ This is a short-term top warning signal.
🎯 Strategic Outlook
→ Avoid FOMO buying at the current price zone, as the correction risk is high.
→ If you’re already holding a long position, consider using a trailing stop or taking partial profits around 5.7 – 6.0 USDT.
For futures traders:
→ You may look for a light short entry around 5.8 – 6.0 USDT.
💡 Conclusion
COAI is currently in the final euphoric phase of its uptrend, showing signs of bearish divergence and weakening volume, which suggests a high probability of an upcoming correction phase.
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.
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.