🌟this alt is forming the latter half of the cup and handle formation we believe which is making it in a shape that we can enter with a lower risk and higher reward demand, while forming this pattern we are getting ready to get a full profit out of it with our targets from it
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Hello traders, COS / USDT is in a forming symmetrical triangle as well as a bullish channel.
Strong breakout potential with price increase towards the top of the channel bound as a target and testing the horizontal resistance zone.
Enter resistance to give way to (red), only after this a correction will update with the check of its key support area.
This is not...
Cos has been moving in this channel since july.
At this moment it's near the lower trendline and that's a great buying opportunity, because that's where you can buy and put your stoploss close.
Putting your stoplimit close is important, because of course there always is a chance that price action could break below the line and if it does, then this idea will be invalid.
It looks like 4 hours in the time frame to form a cup pattern. In case of failure of support, I expect a 25% growth of this currency. Of course, a price increase requires Bitcoin to decide whether to fall or rise.
COS has formed a bullish Pattern below the bearish supportive trendline. The Pattern below the bearish supportive trendline is always strong Bullish.
It has the potential to give 50% gain of the investment within few days.
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