$coq Coq Inu price action is forming a cup and handle pattern!
Current price: $0.0000019
Current price now at neckline resistance. A break above neckline resistance will lead to up resistances: 0.0000023, 0.0000027, 0.0000031, 0.0000036, 0.0000039
Continuous rejection of neckline resistance will lead to supports at 0.0000016, 0.0000012 (buy the dip areas)
Trading Setup:
There is a Trading Signal to Buy in COQUSDT Coq Inu (4h) (spot)
Traders can open their Buy Trades NOW
⬆️Buy now or Buy on 0.000001925
⭕️SL @ 0.000001620
🔵TP1 @ 0.000002840
🔵TP2 @ 0.000003510
🔵TP3 @ 0.000004346
What are these signals based on?
Classical Technical Analysis
Price Action Candlesticks Fibonacci
RSI, Moving Average , Ichimoku ,...
I usually don't buy meme coins, but every now and then, I find one I really like. That's the case with Coq.
Yesterday, the coin held up well at support, and today, it's quickly back to resistance, which looks good technically.
But remember, it's still a meme coin.
If you're thinking about buying, be aware that you could lose all your money.
There are a few possible explanations for the breakout. One possibility is that there is a short squeeze taking place. Short squeezes occur when a large number of traders are short a stock or cryptocurrency, and the price starts to rise. As the price rises, short sellers are forced to buy back their shares, which can drive the price even higher.
$Coq Coq Inu maybe attempting a break out of it's falling wedge
Current price: 0.000001750
Break out will lead to resistances (0.00000) 2379, 3160, 3975
Else a retest of previous Support around 0.0000009
Potential ABC Correction. DCA COQ.
The Coq (COQ) meme coin took the Avalanche blockchain by storm, with its market cap going from a few million to over $100 million in a matter of weeks. However, like the rest of the market, the COQ token is seeing a retrace which could make this a good time to strike for...
