Hello traders !
This is my view on the COCOS / USDT pairing. Cocos has had a nice run the last couple of days, and in my opinion looks like we have a little higher to go. The ADX and DI show the bulls are still in control. Unfortunately the momentum seems to be dissipating, (the white line) but as far as lagging indicators go, this could correct itself in time, if more buyers enter the space.
Appears we are in a textbook bull flag looking for another leg up. Finding support on the 50 RSI level supports this as well.
Time will tell ! Thanks for viewing
Happy trades everyone !
For those curious about this crypto;
The platform for the next generation of digital game economy
Cocos-BCX' , fully named 'Cocos BlockChain Expedition', aims to create an integrated multi-platform runtime environment for games, providing developers with the convenience and completeness in game development, while bringing users a whole new gaming experience, unprecedented gaming status, and with all the assets obtained in the games being wholly owned by the users.
This is my view on the COCOS / USDT pairing. Cocos has had a nice run the last couple of days, and in my opinion looks like we have a little higher to go. The ADX and DI show the bulls are still in control. Unfortunately the momentum seems to be dissipating, (the white line) but as far as lagging indicators go, this could correct itself in time, if more buyers enter the space.
Appears we are in a textbook bull flag looking for another leg up. Finding support on the 50 RSI level supports this as well.
Time will tell ! Thanks for viewing
Happy trades everyone !
For those curious about this crypto;
The platform for the next generation of digital game economy
Cocos-BCX' , fully named 'Cocos BlockChain Expedition', aims to create an integrated multi-platform runtime environment for games, providing developers with the convenience and completeness in game development, while bringing users a whole new gaming experience, unprecedented gaming status, and with all the assets obtained in the games being wholly owned by the users.
Comment:
Be on alert for break of bottom line of flag. Bears showing some strength