Recently Coti made a new ATH and has been testing the range of its previous ath due to a bearish divergence formed, however all is in place for continuation. Looking at the chart we can see a bullish divergence has sowly formed leaving room for more growth. Coupled with the bullish pennant, a breakout will lead us to new All-time Highs.
Enter with a stop below support and target first resistance(Green). You could extend targets to its aths if you wish.
Trade active
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As anticipated The idea has been right so far, shame I got stopped out though. But if you took this trade without a stop-loss, you should be in nice profuts by now. Target yet to be reached though. Expect a Retest of breakout zone and watch for a close below. If you didnt use a stop before, I suggest you use one now.
Order cancelled
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Unfortunately, COTI failed to turn resistance into support due to BTC party pooper showing, and even met our stoploss again and beyond by a margin. Its time to accept the trade is done.