Cover / USD - Regular bullish divergence

On the above 1-day chart there is a 77% correction with oversold condition (an unusual opportunity during a bull market) that has now become an ‘incredible buy’ opportunity. Why bullish?

1) Regular bullish divergence between price action and the oscillators.

2) The weekly chart below, past resistance now support at the same time Stochastic RSI crosses up 20. Very bullish.

Target price: $3000

Trade ativo:

So far 9 tokens listed on Binance are showing signs of ginormous potential on the monthly chart with the printing of the last monthly candle. Cover is one of them.

This is what strong buying pressure on the monthly looks like:

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Price action touches support - excellent entry point - look left

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Higher low on the Stochastic RSI - good entry point with low risk of downside.

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Comentário:

Some targets to look out for now the bottom has confirmed,

1st is $520 followed by $760 then $1800 and finally $3300

It is not those are big targets just the circulating supply is small.

Trade ativo:

Price action breaks out of downtrend channel

Comentário:

Nice hidden bullish divergence emerging since mid-July