The Trust Layer for Market Analysts

The analysis, conducted on October 6, 2024, focuses on COOKIE/USDT, currently priced just below $0.13. The analyst points out a recent 37% upward movement from September 30th to October 3rd. A breakout from the overall downward sloping trend is anticipated, potentially leading to new all-time highs by the end of October. Drawing comparisons to previous breakouts, the analyst suggests potential gains exceeding 130% within 1-2 weeks. An ABC correction might lead to a drop to $0.12 before a rally. The one-hour RSI is bullish, but also indicated a potential downside move to $0.11 is also possible. The stochastic RSI on the four-hour chart shows bullish momentum. MACD indicator being below zero, but may cross up. Fibonacci levels are used to identify a buy zone between $0.1090 and $0.1220, where a rally to $1.65 to $3.90 by the end of the year is expected. A key support to hodl is above $0.37.80 for rally continuation. As the macd is bullish there may be a large pump in near days. If cookie can get into overbought it will look fine. A bullish move should happen within a week or so, a breakout will send us in all time high.