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...
Following a decline of 91%, COVAL finally broke out of the downtrend with it's first higher high on August 14th. The retracement lasted until October 2nd where it formed a new higher high on the daily chart. After the RSI hit overbought territory, the price continued to retrace until it hit the .786 fib and bounced. Positive reversal signs can be seen on the 1HR,...
Just my opinion not financial advice. COVAL/USD showing a bullish divergence on the 4H, 1H charts, and oversold on the 1D chart. should be primed for a move to the upside. can take profits at previous Support/ Resistance. 1st Target 30% gains, 2nd target 75% gains
This is the current sentiment at this particular timee/space. The Floor has been reached. Up Trend proceeding. The market has the support levels needed to move forward.
Off the previous setup the resistance line in Blue was confirmed n that turn around and failed to exit and continue the green trajectory. I created from the support bounce the next sets of pivot trend channels for the retrace up for a cup and handle condition that I think could be the run up for this accumulation phase. I will be looking at the candlesticks...
