The COVAL Platform is being developed with a primary purpose of moving value such as crypto assets using “off-chain” methods. In other words, native crypto assets and tokens from other public and private blockchains enter the COVAL Sidechain Network where they can be flexibly, affordably and securely transacted using trustless models.
The focus of our technology revolves around the concept of sending “wallets” or “vaults” (containers of tokens and other forms of value) which are represented by Sidechain Assets called Emblems. Emblem’ Vault is our dedicated product under development.
Trade analysis by Alan Masters
And now we look at the chart:
This is a weekly chart.
You can see the brown line and yellow circles, which I use to mark a strong support / low point / bottom.
You can see that COVALBTC’ price bounces each time this brown line is touched on the chart.
Each time this support is touched, COVALBTC’ goes on a bull run. The first time this line wasn’t a support but a resistance, once broken, COVAL hit its all time high, generating over 1500% profits.
The next time this level was touched the run that followed generated 1100%+ and finally another one for 490%+ profits. I believe this one will take longer than the others to fully develop but that it will take us much higher than the first one.
We are now trading above EMA10 (green line). Green volume has increased massively and the analysis above should be enough for us to safely trade this coin.
Without any further delay… Follow me, Let’s trade!
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