COPE , WHAT IS?
What is Cope?
COPE is a project that has two phases. Phase 1 of COPE involves seeking to ascertain and evaluate trader weaknesses and failings retrospectively based on trader calls made about crypto markets and provide reporting on this for self analysis. Top Call Makers are evaluated based on their call accuracy which along with other parameters results in a COPE score given to them. The top 100 Call Makers are embraced within a COPE index ranking them by their COPE score. Once a consistent list of the top 100 has been generated with the monthly 'reformation' kicking out, introducing new Top Call Makers into the index it provides a narrative for a new type of investment product based on top trader calls as measured using a reliable and accurate mechanism, which leads to phase 2.
The chart is young, so there is not much to analyze, speculating that 8 bullish patterns have already been completed. Then a further bullish can happen or possible retracement to 38.2% Fib speculation. It is speculation. Or it can go back to 50%. Mostly in this type of currencies, going to 50-68.2% is quite normal. In speculation, since I am using it as bullish not to calculate it in a bearish way.
In chart 4h we can see that the RSI is touching the highest levels of RSI, mostly when it does this, a retracement happens, so considering it is totally healthy and probable. But there is no bearish divergence. It could be a setback to start a new bullish. Personally, I would expect retesting in the 20-day moving average, which happily already appears in the graph.
In the MACD we can see some loss of the bullish force. So a pullback is more likely seeing this indicator which is quite complete.
Personally, I have invested in Cope from 3 dollars and its growth in the Solana network is simply impressive. It is not an investment recommendation but if you want to enter in my personal opinion I will seek to buy a little more in the SMA50 day line.
COPE is a project that has two phases. Phase 1 of COPE involves seeking to ascertain and evaluate trader weaknesses and failings retrospectively based on trader calls made about crypto markets and provide reporting on this for self analysis. Top Call Makers are evaluated based on their call accuracy which along with other parameters results in a COPE score given to them. The top 100 Call Makers are embraced within a COPE index ranking them by their COPE score. Once a consistent list of the top 100 has been generated with the monthly 'reformation' kicking out, introducing new Top Call Makers into the index it provides a narrative for a new type of investment product based on top trader calls as measured using a reliable and accurate mechanism, which leads to phase 2.
The chart is young, so there is not much to analyze, speculating that 8 bullish patterns have already been completed. Then a further bullish can happen or possible retracement to 38.2% Fib speculation. It is speculation. Or it can go back to 50%. Mostly in this type of currencies, going to 50-68.2% is quite normal. In speculation, since I am using it as bullish not to calculate it in a bearish way.
In chart 4h we can see that the RSI is touching the highest levels of RSI, mostly when it does this, a retracement happens, so considering it is totally healthy and probable. But there is no bearish divergence. It could be a setback to start a new bullish. Personally, I would expect retesting in the 20-day moving average, which happily already appears in the graph.
In the MACD we can see some loss of the bullish force. So a pullback is more likely seeing this indicator which is quite complete.
Personally, I have invested in Cope from 3 dollars and its growth in the Solana network is simply impressive. It is not an investment recommendation but if you want to enter in my personal opinion I will seek to buy a little more in the SMA50 day line.
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