💎Technical Analysis Summary💎
BINANCE: COSBTC
-COS broke its Daily swing low price around 53 sat
-This is a strong parabolic downside move
-Since there is no technical support below
-We have used the reverse Fib extension
-The next potential support is around 40 sat
-Please don't try to catch a falling knife here
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COS is moving in a huge Falling Wedge pattern and in the next few days it will reach the most important support zone at 53-57sts, which is the confluence of the bottom edge of the Falling Wedge and the lowest price zone of the COS. So there's definitely a strong buying force here and we could buy in this zone.
The highest target of this turn is 105-110sts, but COS...
BINANCE: COSBTC
-Contentos is pulling back down after the bounce happened last week
-If the 70 sat level will not hold in the next few days
-Then a higher chance to retest major support in on the card
-Wait and see if the major support will hold
-If yes, a potential retest of trendline resistance
-I recommend to buy the breakout confirmation or wait for a...
COS has a super strong resistance at 108-110sts which I don't want to bet on it. We all should wait for the final result at this zone.
Because I think it is not ready to pump up from here.
- But if it pumps and pass over 110-115sts, you should buy it for the target about 145-150sts
- If you want to buy it, you can start to accumulate it in the range of 85-90sts,...
COS is showing its great volume and we can expect its target is at least 90-95sts before June.
If you have not COS, you should accumulate it in the range of 60-65 for big moves in next days
Priceaction of Contentos (COS) / Bitcoin cryptocurrency has formed bullish Gartley pattern and entered in potential reversal zone.
This PRZ area should be used as stop loss point in case of complete candle stick closes below this zone.
But Stochastic did not give bull cross and MACD is strong bearish so for secure trade we should wait for MACD to turn weak bearish...
