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COCOSBNB

Will COCOS reach 8$ in the next big breakout?!Here's a quick look at Cocos 2 hr chart. As we can see, the price has printed a big bull pennant and we could see a break to the upside soon. The price will probably revisit previous ATH when it breaks out. Definitely one to keep an eye on. Keep in mind that this I a low cap coin (150 mil $) so this could see a very big move when it does break to the upside! The best entry would be, when the price breaks above 4.4$ with good amount of volume . ------------------------------------------- The idea is: Buy when the price breaks above 4.4$ and take profits at the levels shown in the chart. Targets: - Profits can be taken in the resistance zone . 1. 4.9$ 2. 5.4$ 3. 6.4$ 4. 8.8$ ------------------------------------------- What are triangles when it comes to trading? Key points: "1. In technical analysis , a triangle is a continuation pattern on a chart that forms a triangle-like shape. 2. Triangles are similar to wedges and pennants and can be either a continuation pattern, if validated, or a powerful reversal pattern, in the event of failure. 3. There are three potential triangle variations that can develop as price action carves out a holding pattern, namely ascending, descending, and symmetrical triangles." ------------------------------------------- If you like the content, then make sure to comment and like the post :D Follow me for daily profitable trading setups BTC dictates the market. If BTC falls, then Alts will fall as well. Trade safe!
CLong
by MBM_Crypto
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