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COS Broke out of the 140-day long triangle and is currently retesting the support level.
It's highly likely it can pump 50% to 120% in the mid term and...
Welcome back Traders, Investors, and Community!
Hi Traders, COSBTC is right below a long term Resistance, it might go lower to 0.00000032 before it continues going up. However if it breaks above the Resistance on the lower TF we can look for potential entry to go long.
⬆️Buy at Resistance Breakout or Buy at 0.00000032
⭕️SL @ 0.00000016
✅TP1 @ 0.00000050
✅TP2...
💎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
A big Thanks for donating 💰 via Tradingview...
COS/BTC is currently at (55-53 sat)
Falling wedge + all time low supports
Will hold ????
it's a risky
Because with current btc volatile movements + dominance increase can easy make it print a new low
should first form a base of support
If the bulls can save this area from drop for next few days we can see a nice move up
Also 50sat is a physiological...
BINANCE:COSBTC looks absolutely nice at the moment.
All necessary details on chart.
overview.
RSI is good Macd is good.
Broke down out of triangle and inverse hhead and shoulder.
Sitting on EMA200 on 4h time-frame. Now consolidating under resistance which is bullish.
Lets see how it goes.
happy trading.
COS/USDT
-currently painting a symmetrical triangle pattern
-the safe way to enter a trade here is to wait for the breakout
-buy above if we break/close 970s
-upside target is the mid resistance at the 1300s
-stoploss is placed under 850s
COS/BTC
COS may have found support at previous swing low last Feb 2020 trading history.
This could be a potential bottom formation if COS can break the high at 81 sats.
If that happens, expect a growth up to 111 sats and place our stop-loss below 73 sats area.
Great breakout from this flag that was forming over the last few weeks; also being followed up by some good volume. A daily close above 175 sats would be quite bullish, confirming this breakout and likely triggering a bullish continuation to our other targets.
