Cobak | The Full Potential? 1,335% Easy Target...

22 sept.

See this one, this is another one that goes beyond 10X (1,000%) and I am not even showing the full potential. I truly believe this and other pairs can move much higher but I am being conservative because these still look like big numbers, but the market is much bigger now and much more capital will be injected into it in 2025 compared to all other cycles. The bull-market might even extend through 2026 and we get a prolonged bull-market but... Oh well, this is only my speculative opinion.

What if...
What if the whole pattern breaks down?
Bitcoin's pattern broke down, why can't the Altcoins market pattern also break down but this time toward the positive side?

Imagine the Altcoins truly go mainstream, Crypto goes mainstream and instead of selling, people keep holding long-term. This changes the whole market dynamic and instead of 1 year we get 2 years of sustained growth... Wishful thinking I guess.

Let's not get greedy. Let's focus just on what's right in front of us.

We are looking at Cobak now, this is another pair that I found by going through hundreds of charts (actually, they come up pretty easily). Again, I am not showing the full potential... Why not show the full potential?

Ok, you asked for it. This one here is shown in purple but this is still not it.

Let's do the TA.

Cobak (CBKUSDT) hit bottom in August 2023, a long-term higher low came in August 2024. Notice the session in early August, last month, it is a Doji. This is a reversal signal. It happened after a bearish wave, it is a major low but has no bearish volume and it closed green. Just a few pointers.

We are aiming high.

The exchanges where this pair is listed all tend to produce crazy growth: HTX, MEXC, Gateio, Bitget, Bybit. These are the ones available here on TradingView and the pairs that are exclusive to these exchanges tend to grow bigger, faster and stronger than the other bigger exchanges. Meaning, the pairs on Binance are now more "conventional," if that word can be used, and so these have a bigger weight and thus potential tends to be lower. The ones on Gateio mainly are the ones feeling like the old Bittrex, but also Kucoin, HTX and MEXC are showing me pairs with huge potential.

Additional details on the chart.

See you on the next analysis.

Namaste.