KOKUSDT 1W LONG📈Hi all. Timeframe 1 week. I take this instrument in spot for a couple of percent from the depot, medium/long term. After a fall of 98%, it is in an accumulation channel with increased volumes, the channel step is more than 100%, which can also be used for trading. Marked goals and levels on the chart.
KOKUSD
KOKUSDT: Bullish Bat with 3 Bullish TargetsWe have a small amount of Bullish Divergence here after Breaking Out of Falling Wedge at the PCZ of a Bullish Bat on the 4 Hour Timeframe. I will take profit at each of the levels depending on how price looks upon hitting each target though i may just hold it all until target 2. I feel a bit more confident about taking this trade due to the action we currently have on the TOTAL 3 Marketcap which seems to suggest that Lowcap Altcoins will be seeing nice markups. The TOTAL 3 Marketcap Price setup can be seen in the Related Ideas Tab below.
KOKUSDT Bearish within a Channel DownThe Keystone of Opportunity and Knowledge (KOKUSDT) has been trading on a typical Channel Down pattern since the February 26 High. The price is now approaching the 1D MA50 (blue trend-line) which is exactly on the pattern's Lower Highs trend-line and has been the Resistance since March 06. It had a clear rejection on May 05 while the 1D MA200 (orange trend-line) had a clear rejection on April 05.
As long as the price closes below the 1D MA50, it is more likely for the token to get rejected towards the 2.0 Fibonacci extensio for a new Lower Low. With the 1D RSI though on Higher Lows throughout the whole Channel Down, i.e. on a Bullish Divergence, if the price closes a 1D candle above the MA50, be ready for a short-term buy towards the 1D MA200. A closing above the 1D MA200, would practically mean the end of the bearish trend and the start of a bullish one on the long-term.
--------------------------------------------------------------------------------------------------------
** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **
--------------------------------------------------------------------------------------------------------
