COPEUSD trade ideas
COPEUSDstill think this projecs affiliation with SBF/sol will guarantee it a longterm decent mcap
and from what i understand i think theres a burn mechanism in place
never really looked into the mechanics but i thought there was a way this thing built treasury using succsessful traders' calls
farming clout/collateral at the same time,
also the gaming use? something like that
think future ugrades/maintenence will see this thing recover eventually essentially, but i spose alleyes on btc rn so the other coins can get their relational mcap approximation or wtvr
anyways i think fundamentally 3yr bear markets might be less of a thing but history says otherwise so becareful, manyprojecs have gone to essentially 0 from the last cycle
buying cope Buying spot cope under 1$ cant be too wrong imho. got lots up upside potential because the full project didnt even release yet. if they have their leaderboards and copytrading all running i can unironically see some really big upside.
DCA would be your best strategy and we can only hope the stock market doesnt nuke on monday or BTc and therefor cope would move lower.
COPE/USD 1DHello Friends..........
SUPPORT AND DEMAND ZONES:
1: WE ARE ON FIRST DEMAND ZONE(1.95-1.80$) . IF BTC WILL STABLE THEN COPE WILL FLY FROM THIS ZONE. (0.61 Fib, Golden Ratio)
2: IF BTC BREAK 58K SUPPORT THEN SECOND DEMEAND ZONE IS MOST IMPORTANT (1.70-150$). (0.78 Fib)
3: IF COPE DIDN'T HOLD SECOND ZONE AFTER BTC 58K SUPPORT BREAK, THEN WE MAY SEE COPE (1.20-1$). 1.0 Fib As We know, Cope is high Volatile Coin
Right Now, the RSI of 4H chart is 25 (Below 30) and it's in buyer zone and on 1D chart the RSI is around 37 so still have a chance that if BTC didn't stable then 70% chances that we will see second demand zone.
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Disclaimer:
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💡COPEUSD ANALYSIS💡HELLO FRIENDS
TECHNICALLY WHEN WE LOOK AT THE GRAPH IN 4 HOURS, THE Gartley Bull Formation ( Gartley Bullish ) HAS OCCURRED.
THESE TRANSACTIONS ARE VERY RISKY. IT MUST NOT BE
ENTERED WITHOUT MONEY RISK MANAGEMENT. FUNCTIONAL TARGETS ARE AVAILABLE ON THE CHART
TP1:2.78
TP2:3.21
PROCESSING ENTRY LEVEL:2.44 (4-HOUR CANDLE CLOSURE) IS NOT
INVESTMENT ADVICE. IF YOU
BENEFIT FROM ANALYSIS, DON'T FORGET
TO LIKE AND FOLLOW 👍👍👍👍👍
Gartley Bog Formation ( Gartley Bullish ) Retracement from
A to D should ideally be 61.8% or 78.6% of the XA leg.
• A valid ABCD pattern should be observed in themove from A to D.
XA and AD must be synchronized in time.
• AD time should be between 61.8% and 161.8% of XA time .
Sometimes the ABCD formation retracts 100% of the XAB leg. ( Double Bottom )
• In this case, for a true double bottom, the timeXA and AD must be equal.
COPEUSD - Imminent breakout to 4$?November 4th, '21. 7:30PM UTC+1
Good evening traders! Is COPE in for yet another breakout? I thought I'd share those surprising similarities I found between the current price action and how COPE behaved in early August this year (to the left on the chart).
Recently COPEUSD has been following the (rough) red trend line in a very similar fashion to early August, and after losing momentum and consolidating (just like it's been doing the past few days), the price skyrocketted after touching down on the red trend line one last time (the current point we're at right now). Is COPEUSD going to follow the same pattern, and rise above 4$USD? Tell me! I'd wait for confirmation of an uptrend with the RSI and Heiken Ashi candles for example.
Good luck trading!
Copenomics, Take Two (Looking for Clues)We're all addicts to volatility. And cope has a ton of it to offer.
But I'm neutral until I see a few bull clues.
#1 I want to see a higher low form on the 4-8 hour chart
#2 A recap of the major S/R at $2.15
#3 Complete market structure change at $2.7
Likely will DCA at each of these 'clue' recaps.
Also wouldn't mind a looking at the fundamentals for another clue, that the project is advancing as it was intended in the whitepaper and that it's not chasing little side projects.
HIGH R/R LONG PLAY Cope recently rejected from monthly resistance above 5$. Currently coiling after sweeping previous lows and support levels. Scaling long here looking for a rebound and retest of monthly resistance, using wide stops considering cope is highly illiquid. Looking for 200% upside, stops set at -30%.
COPEUSDalmost carbon copy of the early uni and sushi charts
linear squiggle to 1.618 resitance for a while then continue to 10$+
fundamental coin in solana ecosystem and weve seen how well SRM SOL and RAY etc have been performing
once all the products under cope have been rolled out i expect this ones valuation to be towards 100$ percope
supercycle things i spose
buy and hodl on SOLLET for airdrops airdrops can and have been performing well the last couple of years
Bull flag, trade opportunity. A few ways to play.Note: The Fib was drawn on the weekly chart, but the daily chart was used for clarity. On the daily chart, still within the flag and at a area of high liquidity. If it breaks to the upside, the next major resistance in the long-term will be the liquidity band at the top between $4.36 (previously rejected high) and $5.36. If we swing to the upside, taking profit along the way and especially at the liquidity band is ideal. If it breaks past the band, a massive move may be in store. Either way, a decent chance for profit. I think we're still in the accumulation zone and there are a few ways to play it depending on your risk tolerance.
1) The safest way is to wait for a breakout of the flag to the upside and sell 20% along the way to lock in profit until we reach the liquidity band. Hold 25% to see if it breaks through, and end the trade if it's rejected off the band. It will likely accumulate for another run, forming another flag and trade opportunity if this happens.
2) You can see if it dips back to a good buy zone at $2.80 to $3.00 and try to ride the swing up. A little higher risk because at that point, it may break below the flag and invalidate the trade. A stop loss of 3-5% can reduce your risk.