COVALUSD: 1W Nearing end of falling wedge
Uppdaterad
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 follow.
Good luck traders.
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 follow.
Good luck traders.
Kommentera
Rejection. 1D chart appears to show at least a short term price drop/correction incoming.Kommentera
BOOM! Busted out of resistance at 0.012-0.014. But watch out for fake-out... Would like to see volume increase. Next target is 0.022 range if uptrend continues. Looks like COVAL spikes when BTC reverses uptrend? Will Follow.Kommentera
Up we go!Frånsägelse av ansvar
Informationen och publikationerna är inte avsedda att vara, och utgör inte heller finansiella, investerings-, handels- eller andra typer av råd eller rekommendationer som tillhandahålls eller stöds av TradingView. Läs mer i Användarvillkoren.