COCOS breaking out of downtrend
COCOS is already breaking out of a nearly two-month downtrend's resistance and consolidation with a great looking chart and indicators.
If it breaks the local (blue line) resistance before the end of this month and Bitcoin keeps recovering, we might see an explosion in price to at least $4 short term (fib 0.618, only 75M market cap as of right now and a history of volatility). If not we might have to wait until mid-february.
If it breaks the support lines this idea is invalidated.
This is my first post. DYOR and buy at levels you consider appropriate, this is not financial advise, just my observations.
If it breaks the local (blue line) resistance before the end of this month and Bitcoin keeps recovering, we might see an explosion in price to at least $4 short term (fib 0.618, only 75M market cap as of right now and a history of volatility). If not we might have to wait until mid-february.
If it breaks the support lines this idea is invalidated.
This is my first post. DYOR and buy at levels you consider appropriate, this is not financial advise, just my observations.
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