Hi friends hope you are well and welcome to the new update on the Cocos-BCX token.
Accumulating above strongest support:
On the weekly time frame, it can be clearly observed that the priceline of COCOS is being accumulated above the $1.80 support. Previously this level has been working as strong resistance as well.
A wedge and triangle:
On a daily time frame COCOS has broken out a big falling wedge pattern and now moving sideways. The basic reason for this sideways move is the formation of another symmetrical triangle. Once COCOS manages to breakout this triangle then it can start a big move from here.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
Accumulating above strongest support:
On the weekly time frame, it can be clearly observed that the priceline of COCOS is being accumulated above the $1.80 support. Previously this level has been working as strong resistance as well.
A wedge and triangle:
On a daily time frame COCOS has broken out a big falling wedge pattern and now moving sideways. The basic reason for this sideways move is the formation of another symmetrical triangle. Once COCOS manages to breakout this triangle then it can start a big move from here.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade