💎Technical Analysis Summary💎
-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/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...
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...
COS / BTC
Cos is in need of a falling wedge. Fib 0.216 is very close and it may pass easily and will most likely test the MA200.
The 1 hour time frame has shown signs of a breakout from the trend line. I am seeing a sharp increase in price over the medium term.
-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...
BINANCE:COSBTC looks absolutely nice at the moment.
All necessary details on chart.
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.