Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.

COTI rejected a strong support zone and round number 1.0 so we will be "looking" for buy setups on lower timeframes.

on DAILY: COTI is forming an inverse head and shoulders but it is not ready to go yet.

For the bulls to take over, we need the right shoulder to form and then a momentum daily candle close above the gray neckline.

ğŸŽ¯Targets => Our first resistance / target would be around 0.25 so I will be monitoring price action there.

Meanwhile, until the buy is activated, COTI can still trade lower inside the support zone .

Always follow your trading plan regarding entry, risk management, and trade management.

Good luck!

All Strategies Are Good; If Managed Properly!

This analysis is done using RichTL indicator


Best Forex Broker

Best Crypto Exchange

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.