When this AVAX blockchain meme coin first launched, COQ was shooting straight up. All time highs led to price discovery and those highs helped fuel a meme coin rally that rocked the Snowtrace community. But recently, the firm price action of COQ coin has been softening up, and a classic Aging Rod candlestick pattern has been forming in the charts.

Crypto trader Chuck Seaver gives us more insight into this not so well known trading pattern. “You see this descending trend line and a series of failed rallies? This is the opposite of a bullish cup and handle pattern, and we can see the image of an Aging Rod pattern forming. Price droop eventually loses support to market gravity and it only a diet of little blue pills can bring it back to life. From a trading perspective, of course.”

Well this Shrimpy’s reporter is glad to say that I made a healthy profit from my COQ holding last year and then was able to sell of my Diamond Hands NFT for even more AVAX. Guess I had a stroke of good luck!

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