Coti
COTI Analysis (LONG)Feeling super bullish on COTI atm, coming out of a red sunday having support on R/S flipped resistance and looking to breakout the triangle with Fibonacci at the 0.382 mark.
I've been watching COTI for quite some time now and its always been hovering close to the R/S line and only broke out after the COTI listing news on Coinbase. This retracement will not go down to the 0.236 range so with everything being pretty much aligned I'm excited for this trade.
Do you feel otherwise? Do you feel the same? Let me know what you think!
Thanks for reading :)
Chart: /VuU69qUP
(I cant post links sorry haha)
COTIUSDT Technical Analysis
⏳ Spot
💎 COTIUSDT has formed a Bullish Flag. it has broken above the Flag and a resistance. It is expected to go to the last high of the recent green candle.
🏁 Short & Medium Term
💵 Invest Only 5% of your Portfolio
🎳 Entry at market or 0.3269
☕️ TP1 0.3820
🍺 TP2 0.4000
🍻 TP3 0.4200
🍾 TP4 0.4450
🍷 TP5 0.4800
🍸 TP6 —————
🍹 TP7 —————
🎁 TP8 —————
🚫 SL 0.2655
Good Luck 🎲
Check the Links in Description and If you LIKE this analysis, Please support our page and Ideas by hitting the LIKE 👍 button. ❤️ Your Support is really appreciated! ❤️
Traders, if you have your own opinion about it, please write your own in the comment box. We will be glad for this.
Feel free to request any pair/instrument analysis or ask any questions in the comment section below.
We will have more FREE forecasts in TradingView soon
Have a Profitable Day
Coti Usdt Technical Analysis and Target PriceWith the completion of the current trend, the cup pattern showing.
The next step would be to wait for the handle pattern. Maybe you can be entered from the handle Fibonacci 0.618 area.
If the Fibonacci data intact, the next target will be to reach 1.618.
Cup depth and handle depth should be followed
You can find my other articles from the links below.
COTI - BIG DESCENDING BROADENING WEDGEAfter the big drop on 8th March, Coti has been moving in a downtrend making the Lower High and Lower Low all the while forming a BIG DESCENDING BROADENING WEDGE along with it which normally gives upside breakout. Right now, it has to face the resistance of 200-Day EMA (in green) and if it manages to close above it, in addition, take support over it then we might see it knocking at the doors of final resistance,i.e, the downward trendline of the DESCENDING BROADENING WEDGE and move to higher levels as mentioned on the chart (in green).
However, failure in doing so can reject the price from there back to the lower levels (in red).
Both, resistance and support levels are mentioned in green and red, respectively. DYOR.
BIFI/BUSD#BIFI update, don't forget the resistance line, if BIFI close above the resistance line and turned it to support that will be a big opportunity of long position.
🆓COTI (COTI) July-25 #COTI $COTICOTI is hesitating after conquering the $0.11 zone, but with its strong buying power in the past 2 days, it will continue to move towards the $0.14 and $0.18 zones in the next few days. But if it loses 0.11$ zone again it will fall to 0.09$ zone or even deeper
📈BUY
🔴Buy : 0.107-0.113$. SL if B
🔴Buy : 0.137-0.143$ if A. SL if B
📉SELL
🔴Sell : 0.137-0.143$. SL if A
🔴Sell : 0.176-0.184$. SL if A
♻️BACK-UP
🔵Sell : 0.107-0.113$ if B. SL if A
🔵Buy : 0.088-0.092$ if A. SL if B
❓Details
🕯Timeframe : 1 Day
📈Red Arrow : Main Direction as BUY and SELL section
📉Blue Arrow : Back-Up Direction as BACK-UP section
🟩Green zone : Support zone as BUY section
🟥Red zone : Resistance zone as SELL section
🅰️A : The Close price of candlestick is Above the zone
🅱️B : The Close price of candlestick is Below the zone
COTI 2 important areasCOTI / USDT
Price can start rise again from 2 areas :
First area : current area in which price is forming falling wedge on support
Second area : from uptrendine below (yellow line)
These points will be areas of interest for bulls
If you want to take postion on any of them make sure you follow risk management
Note : If you want to buy from 2nd area dont buy blindly as we can see sl hunt before go up ..wait for bulls reaction first
Best of luck
COTI + 550%, 1:10 R:R, Looking BullishI've been hearing about COTI for a fair while now but my focus has been elsewhere. Now that I take a closer look, I wish I had paid attention sooner! If you are bullish on the Cardano ecosystem, this might be one to look into as they seem to have some close ties to ADA. COTI has had an amazing run since the COVID lows achieving a 20x but it looks like there could still be some gas left in the tank.
Key points:
Appears to be in the 3rd wave of the Elliott count
Large drawdown of 51% to invalidation so position sizing is important
Upside to 3rd wave target is 550% giving an excellent Risk:Reward of 1:10
3rd wave target $1.34
4th wave entry $0.30
5th wave target $3.23
Invalidation at $0.098
Never Trust. Verify.
D.Y.O.R. Not Financial Advice Just an Observation.
Technical Analysis is not about being right, it's about increasing your odds.
Be prepared to be wrong. Risk management is key . Capital preservation above all else.