Technical Analysis for $COS
Current Price: 0.007770 USDT
Change: +10.09%
Pair: $COS/USDT
Bollinger Bands:
Upper Band (Resistance): 0.007694
Middle Band (Support): 0.007418
Lower Band (Support): 0.007143
Parabolic SAR:
Current Level: 0.007362 (indicating a bullish signal)
Key Levels:
Support:
Primary Support: 0.007362 (Parabolic SAR level)
Secondary Support: 0.007143 (Lower Bollinger Band)
Resistance:
Primary Resistance: 0.007910 (24-hour High)
Secondary Resistance: 0.007694 (Upper Bollinger Band)
Trade Signals & Target Levels:
1. Bullish Scenario:
Entry Point: 0.007770 (current price or breakout above 0.007694)
Target Levels:
Target 1: 0.007910 (previous 24h high, possible resistance)
Target 2: 0.008200 (next resistance zone)
Target 3: 0.008500 (psychological resistance and higher momentum target)
Stop Loss: 0.007143 (if price falls below the lower Bollinger Band)
2. Bearish Scenario:
Entry Point: Below 0.007362 (breakdown below SAR)
Target Levels:
Target 1: 0.007143 (Lower Bollinger Band)
Target 2: 0.006900 (next key support level)
Target 3: 0.006500 (psychological support zone)
Stop Loss: 0.007910 (if price breaks above previous high)
Trade Momentum:
Momentum: The price is currently above the middle Bollinger Band, and the Parabolic SAR is showing a bullish signal (price above SAR), suggesting moderate bullish momentum.
Volume: The 24-hour trading volume for COS is 1.09 billion, supporting upward movement. As long as the price remains above key support levels, the bullish momentum may continue.
Potential:
If the price stays above the middle band (0.007418) and the Parabolic SAR level (0.007362), the bullish trend could persist, targeting the first resistance level at 0.007910.
Summary:
A breakout above 0.007694 could confirm the bullish trend.
A drop below 0.007362 could signal a reversal and lead to a downtrend.
