COCOSUSDT bounced on the weekly structure and now the price is trying to have a breakout from the falling wedge.
IF the price will break the daily resistance and flips into support, According to Plancton's strategy, we can set a nice order
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
💎Technical Analysis Summary💎
-COCOS is retesting key level of support
-After getting rejected by the trendline resistance
-The price is already at the edge of the triangle pattern
-The market needs to decide now where it wants to go
-My recommendation is to wait for the breakout direction
-If you already have a Buy position
-Please have a...
Today, our automatic Engulfing strategy revealed the potential growth in the price of COSOSUSDT.
The SMA and EMA (5, 10, 20, 30, 50, 100, 200) Indicators demonstrates the downtrend, but the RSI Indicator detected the reverse from downtrend to uptrend: the price broke the RSI Support line and became grow.
According to these confirmations of...
EngineeringRobo and I are currently bearish about COCOS.
It would be advisable not to hold at the moment.
If you are interested in buying COCOS
- Buy with EngineeringRobo buy signals
- You can buy at the 0.000262 support level or the 0.000291 support level
- You can also buy if the candles break up above the MA200 line.
If buying with EngineeringRobo buy...
Buy this coin with the EngineeringRobo' s buy signal or
Buy at the support line( $ 0,000224) or
Buy this coin when totally above the up trend line ( It is low probability, not recommend)
I am not recommend to hold this coin at the moment
Have a good trade . If you want to use EngineeringRobo please dm me.
At this moment, there are 3 SELL signal present and I'm BEARISH.
So, I don't think this is a good time to buy yet.
If you want to buy again, we have 3 different options.
1- You can wait for EngineeringRobo's BUY signals to be present,
2- You can wait for candles to open-close above resistance level (0.00044) for 1D to buy,
3- You can buy when candles touching...
-During the BTC crash, COCOS break the trendline support downward
-The price hits the previous resistance and support area
-And the price bounce up by over 30% increase
-This may only be a relief reaction during the massive sell-off
-Please do not FOMO and understand how the market works
-If there will be short term reversal in the next few...