Circuits of Value (COVAL) - Oversold

May 5, 2022

On the above 1-day chart price action has corrected almost 90% since the beginning of the year. Now is an excellent moment to be long. Why?

1) A buy signal prints.

2) Price action and RSI breaks out from resistance.

3) The BTC pair matches points 1 & 2. (Chart below).

4) Top 10 Holders control 25.06% of supply on a $50m market cap! This is fantastic. I don’t know of another low market cap that has such fragmented circulation. This is a very important point. Most $50m to $100m market cap token struggle to drop below 95% in the top 10 circulating wallets. At $2.7b market cap tokens like Sandbox has 83% in the top 10. Axie Infinity has 98% of circulation in the top 10! XRP... don't get me started.

Is it possible price action falls further? For sure.

Is it probable? 5% to be technical.

Good luck!

WW

Type: Trade
Risk: <=6% of portfolio
Timeframe: 1-3 months
Return: 500% minimum

12-hr BTC pair

May 14, 2022

Trade active

On the daily chart a 2nd buy signal prints with price action outside the Bollinger Band.



Bullish divergence on the 12hr

May 22, 2022

Trade active

May 29, 2022

Note

Multiple oscillators printing bullish divergence over a 15 day period

Jun 2, 2022

Note

The divergencies keep on building on multiple time frames with price action forced to make a decision no later than June 10th.

Jun 7, 2022

Trade active

nudge nudge wink wink

Jun 21, 2022

Note

A very nice bullish divergence printing on the 2-day chart

Jul 4, 2022

Note

"What if" conditions just met, if you know what I mean.

Nov 15, 2022

Trade active

May 10, 2023

Trade active

support confirmed

Jan 29, 2024

Note

Remember this silly little low cap?

Bet you it pops 10x for no reason whatsoever. Wedge breakout confirmed.

3-day

Jun 19, 2024

Trade closed manually

A sell signal printed in early March. Did not have a position in this as is with many ideas in fact nearly all I publish (not a trader!).

There is no buy indication at this time.