-The price has dropped -34% from the High 548 sat
-But it doesn't mean the uptrend is over
-Currently, COTI is approaching key support area
-The range 350-320 is a confluence of ascending trendline and previous support/resistance
-If the 320-350 will hold for the next 7 days or so
-Buyers will start looking for possible Swing Higher Low trade idea
-Reacted strongly at 50MA and ascending trendline support
-Currently holding strong despite other Altcoins are dumping
-We can see a Bullish triangle pattern
-Only a break to the upside is the confirmation
-I suggest entering only on confirmation or retest of new support
-Upside target is up to 689-781 sat range
-Bearish side, a candle body close below...
-the flat area of resistance has been broken
-and the price started pulling back for a potential retest
-COTI will try to flip old resistance to turning new support
-you can enter a buy position if buyers started re-entering
-the upside potential is the swing top at 450 sat
-stoploss is placed under green box support
#COTI/BTC Profit Update:-
#COTI now trading at around 290 Satoshi.
And our entry was 215 Satoshi
And Re entry was 230 Satoshi.
From 1st entry = 36% Profit
From 2nd Entry= 27% Profit
Enjoy guys with Profit.
But still i am very Bullish in mid term.
But If you are Short term Investor then secure profit.
Please LIKE and Follow me for Latest crypto real...
Welcome to this quick altcoins setup guys.
COTI/BTC is trading around 255 to 257 while I am writing this update which is a very a very strong support.
Why am I bullish on this chart?
Bullish breakout of the Cup and Hassle formation at the bottom of the chart.
Inverse Head and Shoulders in formation which adds up to the Bullishness of this chart.
The only small...
-currently testing to break the descending trendline resistance
-if we see a break/close above it
-it would trigger a potential trend reversal
-you can enter the break/close
-or wait for the retest of trendline > new support
-upside target is up to 422s or higher
COTI-USD is on this bullish pennant chart pattern under a considerable resistance but the chart shows an accumulation before the the break out few days to broke the resistance and turn it support, lets see it.