COCOS/USDT (bullish pattern: 80% pump?)

٢٣ مارس ٢٠٢٠

COCOS/USDT

COCOS broke the middle trendline support but able to find a secondary line of buy area between 220 areas.
Currently, the price is facing a minor rejection at 20 EMA which also coincides with the mid trendline resistance.
If COCOS pullback and confirm a new higher low. There is a chance it will grow up to 400-490 levels.
Bearish side, if the price closes the previous wick at 160 will invalidate this bullish scenario in the short term.