#COSusdt #COS #cos

$COS - tp 0.00841

#COSusdt 1h- tp 0.00841

The following important points are noteworthy in terms of technical analysis:

1. Breaking of the Falling Trend:

• The price has broken the previous falling trend line upwards. This break shows that the trend change has occurred and the price has the potential to move upwards.

2. Rising Potential:

• After the breakout, upward momentum has been gained and the target determined on the chart indicates that the price can rise to the level of 0.0084 USD. This target means an increase of approximately 18.51% from the current price level.

3. Support and Resistance Levels:

• The 0.0071 USD level determined in the chart stands out as a critical support. Unless this level is dropped, the upward trend is likely to continue.

• Resistance levels are around 0.0084 USD, and there is potential for an increase up to this level.

Trend Direction:

• Upward: With the breakdown of the downward trend and the price gaining upward momentum, it is possible to say that the trend is upward. In the short term, the price is expected to continue its upward movement and reach the targeted levels.

As a result, technical analysis indicators show that an upward trend has begun and the price has the potential to rise to higher levels.