COTI 1D Chart - 30%+ drop possible

COTI on a 1D chart is looking like it is moving within an upward channel and we may be ready to see the price drop to get to the bottom of the channel. The price may have a 30%+ drop (assuming it gets to the 0.382 fib level) before moving upwards in the channel. Keep an eye on the RSI as well.

What are your opinions on this? Comment below, hit the like and follow me. Thank you!

Check out more below for recent Altcoin, Bitcoin and Stock Ideas.

Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk #bitcoin #altcoins

Comment:

Seems to be almost on point. I think we may potentially see some downside before going back up. Let's see. DYOR.