Hi all. Timeframe 1 week. I take this instrument in spot for a couple of percent from the depot, medium/long term. After a fall of 98%, it is in an accumulation channel with increased volumes, the channel step is more than 100%, which can also be used for trading. Marked goals and levels on the chart.
We have a small amount of Bullish Divergence here after Breaking Out of Falling Wedge at the PCZ of a Bullish Bat on the 4 Hour Timeframe. I will take profit at each of the levels depending on how price looks upon hitting each target though i may just hold it all until target 2. I feel a bit more confident about taking this trade due to the action we currently...
KOK printing small ascending triangle (bullish pattern). So we have a good chance to see a break above this resistance zone above. Don't be surprised to see a retest of the support zone below before pushing up, so don't buy this under the resistance zone as you might get stopped. Best entry at support retest or breakout with volume increased.
Good luck...
The Keystone of Opportunity and Knowledge (KOKUSDT) has been trading on a typical Channel Down pattern since the February 26 High. The price is now approaching the 1D MA50 (blue trend-line) which is exactly on the pattern's Lower Highs trend-line and has been the Resistance since March 06. It had a clear rejection on May 05 while the 1D MA200 (orange trend-line)...
