Let's take a look a look at Coti on the daily with Ichimoku Coti has been forming a cup and handle pattern. After the handle got broken price has been going up and got rejected at the very important resistance level. This level is also the 0.382 fib extension level. The target of the cup and handle is at the all-time high at 0.6090 cent. But before price gets there, it need to break two important resistance levels. Maybe it's a good idea to take some profits at 0.786 fib level.
If we look at Ichimoku confirmations we see:
-price is now above Tenkan Sen, Kijun Sen, Senkou Span A and B. Meaning Coti is bullish in short, midterm and longterm.
- Tenkan Sen and Kijun Sen are retracing to eachother, meaning no trend in short term and midterm.
-Kumo (ssa and ssb) is flat. Meaning no trend in long term.
-Chiko Span is above the candles meaning bullish market sentiment (momentum)
We can say that with the closing of this recent (bullish engulfing candle) we are bullish in short, mid and longterm. And we are good to go to our targets.
Coti
COTI pullback near end?COTI did 30% pullback so far. Is it near the end? Followers who took long trade on my first idea (Aug. 09.) are 87% profit so far (if didn't exit near the top at aprox157% profit) Link below. Now correcting and we could go more down, sure. I would recommend watching this big ascending support trendline. Bounce up from it could be a great long entry. Watch for a breakout of this descending resistance trendline also. If considering to enter LONG, watch for increased volume and break of RSI descending trendline as confirmation.
COTI breakoutMultiple things happening here.
-COTI has broken out of and retested the falling wedge.
-In doing so, it has also created a head n shoulders pattern.
-RSI has also broken the down trend.
-Ready break out and test the next few FIB levels.
Expecting COTI to push up in the next few hours. 4 hour and daily timeframes look even better!
Let me know your thoughts!
COTI - Trend-Following Buy Setup!Hello everyone, if you like the idea, do not forget to support with a like and follow.
COTI is overall bullish and now retesting our blue and orange trendlines so we will be looking for buy setups.
on M30: COTI formed a valid trendline in red but it is not ready to go yet.
Before we buy , we want the buyers to prove that they are taking over again.
You don't want to buy a bearish market right?
Trigger => Waiting for a momentum candle close above the previous high in gray to buy.
Meanwhile, until the buy is activated, COTI would be overall bearish can still trade lower till the orange/blue trendlines before going up.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
COTIUSDT🌟this alt has completed the cup formation clearly and its going to form its handle soon after that formation we are going to seen a pump equal to the cups depth (this is the theory of the cup and handle formation) which not always happens exactly what we expect in the market but it can give us a good clue to enter from now for most possible profit out of it
👉This idea has the confirmation of "advanced price action" 👍
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Time to decide, BTC is super bullish but there is always space..Time to decide, BTC is super bullish but there is always space for manipulation.
While retail investor are afraid, institutions are ready to buy their BTC, so a fast liquidation dumo could happen, specially if we break that triangle downwards.
If we break to the upside, which on my view is more likely, we could reach 54k easily, and maybe even a new history high.
Alts are on fire as well, dominance is trying to reach the support at 39% or even 36%. I´ll be posting my dominance analysis soon, keep your eyes open today.
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 🎲
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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.