Long

COTI - Zoom Out

Updated

One of the more fundamentally sound projects in crypto. The COTI chart has tons of potential left in it.

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Update on this one which has performed really well. Broke through that previous resistance and now we are on our way to next area of interest.

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About to cross the golden pocket which would be super bullish:

Note: Binance chart is quite different as the ATH is a long wick up. So fib could be off depending on which chart you use. To be cautious go with Binance as that's where the volume is, but Kucoin has the longer history.

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Binance chart for reference

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Looks ready:

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Here we go

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COTIUSD has broken the wedge, waiting for the BTC pair to follow

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The Kucoin and Binance charts are quite different in terms of how far we are from recent high. I'll use Binance for these shorter term moves as the volume is there:

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Big news for COTI out now. COTI will be the the application of choice for Cardano's upcoming stable coin. Lots of benefits for COTI holders as the fees generated by this will be used in COTI ecosystem.

Chart underwent a massive pump pre-news and the actual announcement has been a 'sell the news' event as it was already priced in. At the moment, a big H&S pattern is forming, but I am currently leaning towards price breaking up out of this channel. Should price lose the blue box though, it's a long way down for the measured move.

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Got the breakout, now looking at this to be bottom.

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Still looks good. Would like this blue box to hold for next leg up.

crossedfingers1

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