Priceline of Contentos (COS) / Tether US cryptocurrency is forming a bullish butterfly pattern and soon it will be entered in potential reversal zone. I have mentioned targets using Fibonacci sequence as below: Buy between: 0.03025 to 0.02838 Sell between: 0.03170 to 0.03521 Regards, Atif Akbar (moon333)
Consolidating under 320 resistance I'm still long and price discovery mode, buy volume coming in 300 support line held strong, lots of demand. Send it!
This is not gonna happen, and I'm not a financial adviser or even a good trader, I lose money like a legend. So forget about this.
We came to the 1st zone of interest (lower border of the channel and 0.3 level fibo). Zones of interest and targets are on the chart. Good luck everyone! DISCLAIMER: This is just my opinion and view of the market. Please keep this in mind and consider in your trades. Hit "Like" if you like my analysis. That would help me to understand if you really liked...
$COS is following the same pattern that $DUSK, which has recently pump. If the pattern continues, $COS could reach 1000 sats as target. Short term I'm expecting a retest of the ath (red box), followed by a retest of the actual resistance (dark box) that would be flipped into support. Then a break of the channel and of the red box would be posible. Legal...
Nice bounce in demand zone and retest of support, trendline in tact, new highs soon IMO
Retest then boom, potential for price discovery on 4H TF
Buy ~ 280sats Target 1 450sats Target 2 510sats Stoploss 255sats R/R ~7.13 T1 ~9.46 T2
I still think Cos has some room to grow.. this is just my opinion dont take this as a financial advice T1 - 440 SAT