Model Analysis and Movement Forecast:
๐ Analysis $COS | Notable Price Behavior Tonight
I noticed the formation of an Inverse Head & Shoulders pattern on the 4-hour timeframe, which is often a sign of trend reversal after a strong correction.
๐ Details:
The neck line is at 0.039 โ any close above it = confirmation of the reversal
The 100-day moving average has started to slope upwards
MACD gave a positive crossover two hours ago, reinforcing the launch expectations
๐ If the pattern is confirmed, the technical targets may reach 0.043 then 0.045
๐ Did anyone else notice this pattern as well? Share your views with me!
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