Circuits of Value (COVAL) - Oversold

On the above 1-day chart price action has corrected almost 90% since the beginning of the year. Now is an excellent moment to be long. Why?

1) A buy signal prints.

2) Price action and RSI breaks out from resistance.

3) The BTC pair matches points 1 & 2. (Chart below).

4) Top 10 Holders control 25.06% of supply on a $50m market cap! This is fantastic. I don’t know of another low market cap that has such fragmented circulation. This is a very important point. Most $50m to $100m market cap token struggle to drop below 95% in the top 10 circulating wallets. At $2.7b market cap tokens like Sandbox has 83% in the top 10. Axie Infinity has 98% of circulation in the top 10! XRP... don't get me started.

Is it possible price action falls further? For sure.

Is it probable? 5% to be technical.

Good luck!

WW

Type: Trade
Risk: <=6% of portfolio
Timeframe: 1-3 months
Return: 500% minimum

12-hr BTC pair

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On the daily chart a 2nd buy signal prints with price action outside the Bollinger Band.

Bullish divergence on the 12hr

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Komen:

Multiple oscillators printing bullish divergence over a 15 day period

Komen:

The divergencies keep on building on multiple time frames with price action forced to make a decision no later than June 10th.

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nudge nudge wink wink

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A very nice bullish divergence printing on the 2-day chart

Komen:

"What if" conditions just met, if you know what I mean.

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support confirmed

Komen:

Remember this silly little low cap?

Bet you it pops 10x for no reason whatsoever. Wedge breakout confirmed.

3-day