ergal91

COCOS, daily bull flag formation, target is 2.5$

BINANCE:COCOSUSDT   Cocos-BCX / TetherUS
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Welcome to this analysis about COCOS . we are looking at the daily timeframe perspective, the recent events, the established formational structure and what we can expect in the coming days. COCOS formed daily bull flag formation and has broken diagonal resistance as you see, we need candle confirmation for further movement and reaching our target. Will be better if COCOS consolidates a little bit and accumulates some energy near resistance level which will help to make more strong upward movement. Before hitting 2.5$ target Cocos need to break a strong diagonal resistance level at 1.95-2$ level and overcome selling pressure at that level.

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