We need just one signal here and the market works based on resistance and support. When trading is happening above support, the bulls have the upper-hand, the advantage. When trading is happening below support, the bears have the advantage.
Here we are looking at COOKIEUSDT. The main support is the 3-February low for us. When the action moved below this level, we look for a bottom and reversal pattern. The bottom showed up and the pattern resulted in a cup or inverted triangle. When the action moves back above the 3-February support line the bullish bias is now confirmed.
Now fast forward to present day. COOKIEUSDT produced a retrace after peaking in May and the same support zone was tested. It was challenged for a few days and after suffering briefly, it seems to hold.
Now COOKIE has been green five days moving up. The fact that the action today is happening at the top of the session moving above EMA21 is another positive signal. The day started red and prices actually moved much lower. All the selling was bought and now COOKIE is back green, this signal is double-strong (bullish).
We will see a bullish wave next. Market my words.
Namaste.
Here we are looking at COOKIEUSDT. The main support is the 3-February low for us. When the action moved below this level, we look for a bottom and reversal pattern. The bottom showed up and the pattern resulted in a cup or inverted triangle. When the action moves back above the 3-February support line the bullish bias is now confirmed.
Now fast forward to present day. COOKIEUSDT produced a retrace after peaking in May and the same support zone was tested. It was challenged for a few days and after suffering briefly, it seems to hold.
Now COOKIE has been green five days moving up. The fact that the action today is happening at the top of the session moving above EMA21 is another positive signal. The day started red and prices actually moved much lower. All the selling was bought and now COOKIE is back green, this signal is double-strong (bullish).
We will see a bullish wave next. Market my words.
Namaste.
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t.me/masteranandatrades/6499
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🚨 TOP FREE Trades
ETH +1700% · AAVE +1134%
XRP +749% · DOGS +868%
BTC +563% · SOL +658%
t.me/anandatrades/1350
🚨 FREE Analyses & New Results
t.me/masteranandatrades/6499
🚨 PREMIUM LIFETIME (Since 2017)
lamatrades.com
ETH +1700% · AAVE +1134%
XRP +749% · DOGS +868%
BTC +563% · SOL +658%
t.me/anandatrades/1350
🚨 FREE Analyses & New Results
t.me/masteranandatrades/6499
🚨 PREMIUM LIFETIME (Since 2017)
lamatrades.com
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.