Coqinu
COQUSDT Analysis | #1 meme coin on AVAXThe **0.236 Fibonacci level** has been broken, signaling weakness in the current structure. The next key support lies at the **200-day MA** (red line), which could act as a strong area for price stabilization.
- **RSI**: Dropped to ~48, showing weakening momentum and room for further downside.
- **MACD**: Bearish crossover confirms selling pressure.
- **OBV**: Declining, signaling reduced accumulation.
If the **200-day MA** fails to hold, the structure may turn decisively bearish. For now, keep an eye on the **200-day MA** as the critical support zone!
$coq COQ INU is forming a Falling Wedge...$coq Coq Inu price action is forming Falling Wedge pattern!
#coq has reached an all time high of 0.0000064...with currently an 80% retracement.
Current price: $0.0000017 close to the lows of Feb 2024!
Current price is breaking out of it's falling wedge... breakout will lead to up resistances: 0.0000020, 0.0000023, 0.0000027, 0.0000031, 0.0000036, 0.0000039
$coq Coq Inu Cup and handle pattern$coq Coq Inu price action is forming a cup and handle pattern!
Current price: $0.0000019
Current price now at neckline resistance. A break above neckline resistance will lead to up resistances: 0.0000023, 0.0000027, 0.0000031, 0.0000036, 0.0000039
Continuous rejection of neckline resistance will lead to supports at 0.0000016, 0.0000012 (buy the dip areas)
Coq Inu- A MEME coin ready to expodeI usually don't buy meme coins, but every now and then, I find one I really like. That's the case with Coq.
Yesterday, the coin held up well at support, and today, it's quickly back to resistance, which looks good technically.
But remember, it's still a meme coin.
If you're thinking about buying, be aware that you could lose all your money.
CoqUsdtThere are a few possible explanations for the breakout. One possibility is that there is a short squeeze taking place. Short squeezes occur when a large number of traders are short a stock or cryptocurrency, and the price starts to rise. As the price rises, short sellers are forced to buy back their shares, which can drive the price even higher.
Coq Inu (COQ)Potential ABC Correction. DCA COQ.
The Coq (COQ) meme coin took the Avalanche blockchain by storm, with its market cap going from a few million to over $100 million in a matter of weeks. However, like the rest of the market, the COQ token is seeing a retrace which could make this a good time to strike for investors.
...............................................................................................................
We are not registered or licensed in any jurisdiction whatsoever to provide investing advice or anything of an advisory or consultancy nature.
and are therefore are unqualified to give investment recommendations.
Always do your own research and consult with a licensed investment professional before investing.
This communication is never to be used as the basis of making investment decisions, and it is for entertainment purposes only.