Fueled on META hype, COCOS saw a huge rally last week. After this huge rally, a strong correction was expected, and did indeed bring the price down to the $3 area.
The consolidation pattern appears to be a bull-flag triangle, higher lows and lower highs. With COCOS reversing from the support line earlier today, I'm betting on the price going up until the bull-flag resistance area has been reached.
Expect a continuation of this pattern for the coming days.
Happy trading!
The consolidation pattern appears to be a bull-flag triangle, higher lows and lower highs. With COCOS reversing from the support line earlier today, I'm betting on the price going up until the bull-flag resistance area has been reached.
Expect a continuation of this pattern for the coming days.
Happy trading!
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