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Rapid Fire Charts: $COQ
Some bearish signals at the moment. $COQ needs to bounce off the 21 day MA line (blue line) and then march into the resistance zone again.
⚪️WHITE-Bullish-If it pierces thru the resistance zone, then a clear trend reversal is present. That would be the bullish scenario
🔴RED-Bearish-The bearish scenario will have it even lower as the support level at 21 day MA line fails to hold.
🩷PINK-Conservative-This route suggests we bounce off the 21 day MA line to avoid disaster but get choppy within the resistance zone to build the momentum for the next leg up.