NB this is not TA. Merely my novice opinion of what I see.
It seems that JSE:COH is busy printing an inverse H&S bottom formation. Both RSI and MACD has positive divergence and RSI shows quite a bit of room to the upside. Should price action break the resistance of the downward channel, fulfill the inverse H&S formation, and bounce off the current downward...
To all logical traders out there, (in my opinion that excludes the Futures wolfes, that are greedy and all about destroying value) This may be what we have been looking for.
In a nutshell, if it stays above this support, it will challenge the next resistance as the next step and we are officially in a new bull cycle that could take us past the 20k ATH of Dec...
Good divergence, hit the bottom of the channel that its in. Irrespective of if this will be a moon mission or not, this is a great buy at this point and it is evident that this coin keeps on going up steadily as is seen on this chart and within the channels depicted. Now is a great opportunity to buy.
This is merely my thoughts on the matter, seems that there is a downwards wedge, with room for growth to 70 ish Sats. I doubt Doge will go over that, and will eventually go back to 15 - 16 Sats and consolidate. THAT is when I will buy again.
This is an important point for BTC. If we can close above the resistance line relevant to the last candle for the day, and we can grow to the base of the inverted H&S we will see 36K rather soon.
Now is the time for the bulls to push the bears back to their "futures" if we can complete the H&S invert, the moon is the next stop.
Any wales wanting to support...
Despite futures bots causing havoc and flock mentality driving BTC down with much blood on the streets, OK is showing positive divergence and the wedge aligns with my fib time line.
Suspect a huge pump coming as BTC is about to turn any minute as can be seen by the increase in price drop.
With BTC growing radically the timing for OK and BTC may...
DOGE has potential to reach highs never seen before (think XDN type performance)
It grows relatively slowly up and down, and thus an easy coin to trade.
I have heard murmours of 400 , 500 SATS.... (check all the different views of TV users on DOGE timelines)
Whichever way, for the road back up to 109, here are the resistance and support zones in...
We are nearly done with the final downward wave which may take us to the resistance at 55. If it goes there, it is likely to be very brief and accordingly a good buying point would be anything between 60 and 55 for a good entry.
First medium term target:
(Elliot wave 3, which is typically the largest surge)
FIrst Target around 200 to 240. (Once it passes...