Coti/BTC is looking bullish as it has broken out of the cup and handle formation on the 12h chart. It Is trading above the 200 EMA , and the 50EMA has acted as a support which is a good sign.
It looks like it has come out of the correction wave as marked in red, and it has started its first leg of the five leg Elliot wave
Also the MFI indicator is above the 50...
Currency Of The Internet has broken-out bullish and looks good for continuation, maybe after a 50MA retest!
Current Price= 0.00000740
Buy Entry= 0.00000708 - 0.00000666
Take Profit= 0.00000910 | 0.00001212 | 0.00001681
Stop Loss= 0.00000538
Risk/Reward= 1:1.5 | 1:3.52 | 1:6.67
Expected Profit= +32.46% | +76.42% | +144.69%
Possible Loss= -21.69%
COTI's macro view is a combined cup and handle pattern and potential inverse head and shoulders. Short term view looks like a falling wedge.
ADAPay on Shelley mainnet was released and yet it currently retested a resistance. Conservative target is $0.60 by the end of Q2. COTI Bank account and card will be released this quarter. DYOR and goodluck!
COTI is preparing to breakout from it's current cup and handle formation to potentially send it past 1000 sats.
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**** Not financial advice, always DYOR! ****
COTI has been overall bearish since setting ATH in late March. Tried to rebound on 4/21, but was sharply rejected and sent down below 21/50 MAs where it has lived since. Price is wedging and a symmetrical triangle is forming with daily downtrend (continuation pattern).
Just based on the chart alone, I would not be surprised to see a pump, rejection, and to...