In previous days, COTIUSDT has tested dip points, and especially 0.5 fib level from which it has strongly retraced and has formed a double bottom in the 4H frame (circled in red)... Now COTIUSDT is on a triangle, if we break it from above, we will visit new higher priced areas (new ATH) with small little corrections in each level... Else, if COTIUSDT breaks the triangle from below, we will go deeper and retest 0.5 fib level from which we will retrace for sure .. COTI has strong fundamentals and the TA is still bullish, and IMO COTIUSDT is still highly undervalued and my long term prediction is still 7$ for COTI in the bull run.. THIS IS NOT A FINANCIAL ADVICE! DO YOUR OWN ANALYSIS!!!
Trade active
⋅
Looks like the 2nd scenario is valide now ! Update: my forecast for COTI on 2021: 13$ ! THIS IS NOT A FINANCIAL ADVICE! DO YOUR OWN ANALYSIS!!!