Circuits of Value (COVAL) - OversoldOn the above 1-day chart price action has corrected almost 90% since the beginning of the year. Now is an excellent moment to be long. Why?
1) A buy signal prints.
2) Price action and RSI breaks out from resistance.
3) The BTC pair matches points 1 & 2. (Chart below).
4) Top 10 Holders control 25.06% of supply on a $50m market cap! This is fantastic. I don’t know of another low market cap that has such fragmented circulation. This is a very important point. Most $50m to $100m market cap token struggle to drop below 95% in the top 10 circulating wallets. At $2.7b market cap tokens like Sandbox has 83% in the top 10. Axie Infinity has 98% of circulation in the top 10! XRP... don't get me started.
Is it possible price action falls further? For sure.
Is it probable? 5% to be technical.
Good luck!
WW
Type: Trade
Risk: <=6% of portfolio
Timeframe: 1-3 months
Return: 500% minimum
12-hr BTC pair
COVALUSD trade ideas
Large move imminent?Did I draw my lines in the right spot? Big move up or top but bias would be bullish
COVALUSD0.43 has been a strong resistance. rejected multiple times already. if it fails this time, likely to test lower support. But will likely break since it has more volume than previous times. only time will tell, how things unfold depend on overall crypto market sentiment.
NOT FA, please DYOR
Coval has pulled back and about to break out againLow cap coin on coinbase, 0.048 is heavy resistance but once that is cleared, next is .07. THis is very low market cap of 60M. Can move quite fast and far away from previous all time high. I expect this coin to at least retest 0.48 before cool off, but wouldn't be surprised if it blast through that resistance. all this will depend on the market sentiment.
NOT FA , please DYOR.
COVAL bottomedCOVAL bottomed?
Currently trading at $0.10
Next leg up?
Stoch RSI -Bullish
RSI - Neutral
MACD - Neutral
The BULL Accumulation The Accumulation led by NYSE is the real deal. I’m not a big fan of chart patterns but when a wedge and a double bottom chart pattern meet in accordance with with accumulated led by NYSE are likely to happen. The one week shows moving up the trend. The 4 days brings in the DB along with wedge.
✴️ Circuits of Value Recovers From ATL Breaks Descending ChannelWe just looked at a similar chart in HIFIUSD where a descending channel was prominent, so we have the same situation here.
The greatest of news when looking at bullish signals is the fact that a new All-Time Low has been hit and even better is the fact that a recovery is already priced in.
Circuits of Value (COVAL) hit this new All-Time Low exactly on 10-June but quickly recovered and is now trading above its December and November 2022 low. These lows were strong support levels so trading above opens the door for bullish potential.
The fact that the recovery follows almost immediately also tells us that this is just a sort of liquidity hunt move, shakeout or stop-loss hunt event, all similar market moves.
Having this information makes the analysis pretty easy for us as we can skip the indicators and all the rest.
As long as COVALUSD trades above these levels, the dashed blue lines on the chart, the potential is there and active for growth.
If the pair goes below, it would be wise to close any position at a loss and wait for a new support level/low to be established before buying again.
Some other people just keep their position and accumulate on each drop. Others just wait and let it play.
This is the time to buy and hold focusing on the long-term.
Let me expand a little bit and tell you why.
The January bullish wave produced around 250% growth, this is with a weak market, with a weak Bitcoin and sentiment being the worst.
A new bullish wave can literally be twice as strong, it can be even stronger... And that's my point.
This is of course just my view and my translation of the charts. I can be wrong or market conditions can always change, in fact they are always changing so make sure to be prepared and plan ahead.
I would like to once more thank you for reading.
I would like to extend my appreciation for your amazing and continued support. Through the highs and through the lows.
Namaste.
Big Money Trap Traders at TradingView: FYI: Look at buying and selling yellow trend. Where is it aiming? That’s right, aims to downtrend and also within the Gap which was established by Big Money. It’s their way of making a plot against Dumb Money. Most traders think it’s going up yet NOT. The trend must decline by downtrending to the Gap. The cloud ☁️ along with the Quotients are also dipping. If your in the trade oh well but if your not, I’d wait until Gap is filled then I would recheck TA.
Accumulating POWER White trend is power behind price movement and bullish green trend is volume based off of supply and demand. View contraction blue squares with Ashi expansion blue candles. There is a 1 hour Gap above the price which is a must rise on the dotted line. One day chart.
$COVAL off table, nice gain today - other positionsNot sure if posted these
$COVAL ripped today, would have held longer but $BTC weakening, took close to previous peaks in area #NFT #metaverse
In this day 35% is good!
$LOOM lil weak, will take off, tiny loss
$TRU = took TINY stab because of influencer who posted, they spoke highly on it
Not doing that again as will keep to our trading, holding because @ support
COVALUSD: 1W Nearing end of falling wedgeAs above.
COVAL nearing end of falling wedge. MACD has continued bullish divergence and maybe will cross 0 line in late Feb or March 2023.
Watching for possible breakout after 0.0012 is breached. Would like to see concurrent increase in volume etc. to confirm.
If rejection off the top wedge trendline, then possible dip to 0.006 range may be possible.
Will follow.
Good luck traders.
Back off on the sell orders profits are much higherBuilding it up with some buy orders today so take advantage of the short gains when it slows down.
I'm buying to hold. Buying until i have 1,000,000
BULLISH...how high will it go this time?I'm not trading but this was a special announcement to anyone else that wanted updates.
COVAL I created a Drop wedge to account for the accumulation range drop. Looking for the Higher LOW bounce reversal for the breakout. Theres time for better entries still
COVALent bonds are the strongest typebonding two atoms is no easy feat and with a name like COVAL you know this coin is a true demon. wont be long before she pops off truely and rages to new ATH. accumulation zone at the moment steady buying
Coval Being an Oval for Over a Month StraightTP is around 7.75 IF BTC doesn't crash the market for the 20th time in a row.
This coin has lost around 75-80% of it's value after being listed on Coinbase. IF BTC can get and hold above 40-45k we can see this at a nice spot, after a month in a descending wedge. I can see this returning to 7 cents mid late April if BTC acts nice.
Buy Signal on COVAL 4HR and 1DayThere might be a better entry over the next couple minutes, but huge buy signals on the 4HR and 1Day for COVAL.
Buy signals are on Demark and Market Cipher Indicators.
BTC still controlling the market. And it could tank.
Circuits of Value pullback to the upsideJust my opinion not financial advice. COVAL/USD showing a bullish divergence on the 4H, 1H charts, and oversold on the 1D chart. should be primed for a move to the upside. can take profits at previous Support/ Resistance. 1st Target 30% gains, 2nd target 75% gains
#COVAL#COVAL
Adding this low cap Altcoin to portfolio
#midterm #longterm
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Coval is a big ol round ovalPennant forming. We have a bottom in my opinion.
Potential for W reversal out of the triangle.
TP will be around 9.50 or so.
Coval is Still an OvalCoval looking like it wants to break out but that depends if it can hold the top of the descending wedge as support.
If it fails to hold it as support will be buying around 8.20-8.00
Details in chart.
Another CB scam if you check the history , this coin is up like 300x prior too CB listing. Im sure they dumped most of their holdings already and will continue to dump on the way down since there still probly up 300x.. One of the riskiest trades on CB , wish they had a perp on this too short it... One more jump and she goes down
