COVALUSD: 1W Nearing end of falling wedge
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As 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.
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.
Note
Rejection. 1D chart appears to show at least a short term price drop/correction incoming.Note
BOOM! Busted out of resistance at 0.012-0.014. But watch out for fake-out... Would like to see volume increase. Next target is 0.022 range if uptrend continues. Looks like COVAL spikes when BTC reverses uptrend? Will Follow.Note
Up we go!
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