Cobe
Double bottom?After yesterday’s dump the volume was decent, but guessing oversold orderbook for the weekend caused a bounce back with people thinking of a breakout, yet we been seeing rips up, but good sell pressure back down creating trading range of $40. Eth network upgrade has helped, yet will it last? I’m still bearish till I see real world adoption news, so I’ll trade everything bearish and pumps I’ll sell.
What I’m seeing is a double bottom which funny to say the bottom is major support with vpvr, so it might be a massive dump or a quick pull to liquidate the over bought longs hitting ath. One concern is the cobe is pumping, but low volume as expected.
I would remain neutral, but bearish.
