COTI has been consolidating after the last rally and it held the first support so far. Momentum is going for oversold territory.
I'm expecting COTI to pick up some volume and make a move towards the targets marked in the chart which is above 50%.
Stop would be placed around 0.40 to avoid the wicks in case big boy BTC makes a move which gives a RR > 2 for the...
Coti has formed a textbook cup and handle pattern and is retesting old daily highs as new support. We get the target by taking the height of the cup and measuring upwards, giving us a target of around 0.9c.
Here is a long plan I have devised for Coti. I will long if we pullback to the pivot.
My first target lies at the .618 fibonacci retracement, and my second target lies at the 1.382 fibonacci extension. The 1.382 level has confluence with the 1.618 extension of the first wave of this move on the daily.
COTIBTC is coming out of a huge and massive consolidation. It's about to make new highs vs BTC and it is definitely making some very significant higher closes. Actually vs BTC it is looking like something between a slow & steady uptrend, and a huge accumulation.
First target for a correction are its USD and BTC ATHs, but once it chops a bit around those levels...
#COTI/BTC TA update:-
#COTI/BTC currently trading at 427 Satoshi
And 400 Satoshi level is very strong level and this is holding strong.
So I am buying some #COTI here.
Entry:- 410-430 Satoshi
Targets:- 527/667/767 Satoshi
SL:- 398 Satoshi
Please click like button and Appreciate my hard work.
Must follow me for latest crypto real time updates.
COTI is forming a symmetric triangle and on the edge of a breakout. COTI is the same project as PayPal/Alipay but with blockchain power and minimum fee. There is a lot of developments and partnerships going on. The COTI team is working on the adoption of the COTI pay. COTI has very big news coming in second-quarter incldu\ing the mainnet launch, debit cards, and...
as far as i know the collaboration between ada and coti, when ada pumps coti follows.
technically coti is now bullish breakout from the falling wedge and above 20 daily moving average which is a good sign for bulls.
bullish divergence on daily timeframe before the breakout.
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...