Hi, $COVA fans!
Although you may have noticed a lot of FUD in the COVA community; the mid-term chart is looking super bullish. Especially for those who a looking for a good re-entry/add-on point and those of you who are watching COVA closely for a long time; since BTC-Fund-Manager announcement I guess (hehe)
1) Big bullish triangle with a...
Circuits of Value (COVAL) Overview
The COVAL Platform is being developed with a primary purpose of moving value such as crypto assets using “off-chain” methods. In other words, native crypto assets and tokens from other public and private blockchains enter the COVAL Sidechain Network where they can be flexibly, affordably and securely transacted using trustless...
On the daily time frame we can see 2 bounces that currently hold as support.
The ATR indicator hit a recent low since months in volatility. Which gives room for possible new upwards volatility to enter because of the double support bounce that is holding COVAL currently.
(This is not financial advice, this is a volatile market where anything can happen).
BITTREX:COVALBTC is now just at the bottom.
Resistance trendline is broken here.
Price follow the bottom trendline, which is also works as a Support.
Its all time high is 600 Satoshi( 2017)
Recent high price, 295 Satoshi (Jan 2018)
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Disclaimer: I am not a financial advisor....
Please note that this type of recommendation is not followed up. Set your target and stop your loss yourself. If the analysis agrees with your idea of view (make sure that the analysis agrees with your idea of view, the analysis is not followed)
Coval/BTC trading in highly consolidation zone, also making a nice triangle, we have over 70% profit oppurtunity for an mid trade, Its already have over @600Sat peak point on 1 june 2017
If you have been around Crypto a while, you might remember RBR, or RibbitRewards, from the past. COVAL is the rebranded version of RBR.
At the moment investors are...