COTI TA
We can see that COTI is adhering to the 4 hour candle pattern beautifully. We have had 5 bounces off the 50 MA. WE can also see on the RSI that we are regularly bouncing off the 50.
We are also forming a Descending triangle which is aligned to breakout almost perfectly with the 50MA, .618 on the fib and whilst RSI sits at 50 again. Assuming this doesn't break trend and from a TA perspective our next technical target on the Fib would be 0.7 if we break the previous high.
Not financial advice and just my opinion.
We are also forming a Descending triangle which is aligned to breakout almost perfectly with the 50MA, .618 on the fib and whilst RSI sits at 50 again. Assuming this doesn't break trend and from a TA perspective our next technical target on the Fib would be 0.7 if we break the previous high.
Not financial advice and just my opinion.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.