The Trust Layer for Market Analysts

The analysis focuses on COOKIEUSDT, currently priced at $0.1472. It suggests the price faces resistance at a prior support level, potentially forming an Adam and Eve double bottom. Two possible trajectories are discussed: a softer correction to below $0.14 but above $0.13, or a sharper V-shaped recovery, with possible fall to 0.117 - 0.122. Resistance at $0.173 is noted as a key breakout level for potential upward movement. End-of-month price predictions are revised downward from previous estimates, with a revised target of $0.117. Short-term analysis on the 1H timeframe shows lower highs and lower lows, with overbought RSI conditions and a bearish MACD suggesting further downside. Analysis on the 4H chart supports further downside, The analysis infers a downward trend to $0.117 - 0.122, followed by a potential move higher to $1.65-$3.90. There is discussion of an Elliott Wave correction and consolidations within the trading pattern.