0.43 has been a strong resistance. rejected multiple times already. if it fails this time, likely to test lower support. But will likely break since it has more volume than previous times. only time will tell, how things unfold depend on overall crypto market sentiment.
NOT FA, please DYOR
Low cap coin on coinbase, 0.048 is heavy resistance but once that is cleared, next is .07. THis is very low market cap of 60M. Can move quite fast and far away from previous all time high. I expect this coin to at least retest 0.48 before cool off, but wouldn't be surprised if it blast through that resistance. all this will depend on the market sentiment.
NOT...
On the above 1-day chart price action has corrected almost 90% since the beginning of the year. Now is an excellent moment to be long. Why?
1) A buy signal prints.
2) Price action and RSI breaks out from resistance.
3) The BTC pair matches points 1 & 2. (Chart below).
4) Top 10 Holders control 25.06% of supply on a $50m market cap! This is fantastic. I don’t...
The Accumulation led by NYSE is the real deal. I’m not a big fan of chart patterns but when a wedge and a double bottom chart pattern meet in accordance with with accumulated led by NYSE are likely to happen. The one week shows moving up the trend. The 4 days brings in the DB along with wedge.
We just looked at a similar chart in HIFIUSD where a descending channel was prominent, so we have the same situation here.
The greatest of news when looking at bullish signals is the fact that a new All-Time Low has been hit and even better is the fact that a recovery is already priced in.
Circuits of Value (COVAL) hit this new All-Time Low exactly on 10-June...
Traders at TradingView: FYI: Look at buying and selling yellow trend. Where is it aiming? That’s right, aims to downtrend and also within the Gap which was established by Big Money. It’s their way of making a plot against Dumb Money. Most traders think it’s going up yet NOT. The trend must decline by downtrending to the Gap. The cloud ☁️ along with the Quotients...
White trend is power behind price movement and bullish green trend is volume based off of supply and demand. View contraction blue squares with Ashi expansion blue candles. There is a 1 hour Gap above the price which is a must rise on the dotted line. One day chart.
Not sure if posted these
$COVAL ripped today, would have held longer but $BTC weakening, took close to previous peaks in area #NFT #metaverse
In this day 35% is good!
$LOOM lil weak, will take off, tiny loss
$TRU = took TINY stab because of influencer who posted, they spoke highly on it
Not doing that again as will keep to our trading, holding because @ support
As above.
COVAL nearing end of falling wedge. MACD has continued bullish divergence and maybe will cross 0 line in late Feb or March 2023.
Watching for possible breakout after 0.0012 is breached. Would like to see concurrent increase in volume etc. to confirm.
If rejection off the top wedge trendline, then possible dip to 0.006 range may be possible.
Will...
I created a Drop wedge to account for the accumulation range drop. Looking for the Higher LOW bounce reversal for the breakout. Theres time for better entries still
bonding two atoms is no easy feat and with a name like COVAL you know this coin is a true demon. wont be long before she pops off truely and rages to new ATH. accumulation zone at the moment steady buying
TP is around 7.75 IF BTC doesn't crash the market for the 20th time in a row.
This coin has lost around 75-80% of it's value after being listed on Coinbase. IF BTC can get and hold above 40-45k we can see this at a nice spot, after a month in a descending wedge. I can see this returning to 7 cents mid late April if BTC acts nice.
There might be a better entry over the next couple minutes, but huge buy signals on the 4HR and 1Day for COVAL.
Buy signals are on Demark and Market Cipher Indicators.
BTC still controlling the market. And it could tank.
