COCOS / USDT 1H. Price has been consolidating, ultimately creating a bull pennant pattern. The bull pennant pattern will most likely continue the upside pattern. Also, note that the volume has been steaming off. We will see a significant increase in volume if a breakout should occur. COCOS has been performing like a beast. Will we eventually see a strong move upwards?
If the price breaks the upper line of the pennant - I recommend that you wait for a solid confirmation - then enter a long position.
Take profit ideas:
TG1 - 4$
TG2 - 4.7$
TG3 - 4.77$
TG4 - 5$
TG5 - 5.38$
TG6 - 5.75$
TG7 - 6.1$
TG8 - 6.5$
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I keep it simple and clean!
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Let me know what you think and which ones you would like for me to analyze next.
Trade safely!
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About COCOS:
"Cocos-BCX is a public blockchain platform aiming to create a complete run-time environment for games with multi-game system compatibility, providing game developers a user-friendly platform for blockchain game development. In addition, Cocos-BCX aspires to bring users complete control and transparency over in-game virtual assets.It is building a development environment with gaming experience and game economics in mind. Game developers can easily migrate conventional games to the blockchain without the need to learn blockchain programming languages."
Source: Binance