Hello friends, today you can review the technical analysis idea on a 1M linear scale chart for COTI (COTIUSDT).
COTI Pay price on a monthly chart moved past the recent resistance and looks to head higher. Fibonacci Retracement levels shown along with 200 SMA and RSI.
If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments...
Today we will consider the trading pair COTIUSDT
They say that the COTI project has great prospects, because it is an ecosystem designed specifically to solve problems associated with traditional financial services. The COTI platform helps structures and organizations save time and money, solving issues such as the digitization of any currency or the creation of...
Chartwise COTI looks reasonable. Price is respecting the ascending supportline, despite the market correction yesterday. As long as RSI can stay up/above 50 it looks like price can move upwards pretty easy. Only thing that concerns me is the A/D divergence from price. This indicates COTI is (heavily) distributed which can indicate price is held down...
"We’re excited to announce that COTI’s Mainnet 2.0 will go live on November 2nd, 2021 at 2 pm UTC."
This is probably one of the best-looking charts right now. There are two very clear price patterns visible on the daily chart, the price is currently in its all-time-highs levels and now we've just heard the positive news. All signs are telling us that COTI is...
On the D1 COTI broke out of the handle and looking for continuation. RSI indicates bearish divergence, Stochastic overbought .Note the yellow A/D line diverging, indicating large outflow of money. 0.60c is support, but i'm not optimistic this will hold if COTI drops more. Not to bullish (for now)
COTI is testing the breakout out of the channel as support. Stochastic is oversold so with a bit of luck (and strength of Bitcoin) we could see a nice retest here.
This analysis is based on previous uptrends & downtrends strong, Days and comparison !
Big fundamentals are coming very soon (CotiPay Credit Card)
This is not a financial advice !
COTI / USDT: Technically, we are still in the downtrend here.
Coti just had some positive news, and looks like the project is developing pretty fast: with the debit cards, partnership with Cardano (ADA Pay) and so on.
However, after the previous massive move, correction is still in place.
We need to make sure we have really broken out of the trendline and the down...
Hey guys,
I bought in a position on the first bounce.
A good potential buy in could be on the next lower trendline touch.
I am going to be holding this one for quite some time, Huge Q1 alone for this gem.
Not Financial advice.
-Chris
