TradingView
chadbchilln
Mar 12, 2021 12:35 AM

COTI/USDT - 1hr - Breakout Idea 

COTI / TetherUSBinance

Description

COTI previously broke out of the long-term broadening wedge and pumped to new ATHs - now the upper trend line of the former wedge appears to be acting as support. This is supported when zoomed in on the 30min.




Look for a breakout of the white falling wedge - resistance zones and targets marked. If this idea proves invalid and the dip continues, look for a revert to long-term wedge action.

There has been tons of news and hype around COTI and there is plenty more on the horizon, don't miss this one! DYOR

Cheers
More