#COTI/BTC Looks Extremely Bullish. C&H + INVERSE H&SWelcome to this quick altcoins setup guys.
COTI/BTC is trading around 255 to 257 while I am writing this update which is a very a very strong support.
Why am I bullish on this chart?
Bullish breakout of the Cup and Hassle formation at the bottom of the chart.
Inverse Head and Shoulders in formation which adds up to the Bullishness of this chart.
The only small resistance is 276 if it breaks we can easily see it reaching 341 sats.
GOLDEN CROSS: When 5OD MA crosses over the 200 D MA in HTF. 8 hour is considerably a HTF chart.
ENTRY:
254 to 256
TARGETS:
307
326
365
392
422
Sl: 227
FUNDAMENTALS:
Very strong fundamentals throughout the next 2 quarters.
An additional node will be added to the MainNet on July 1st, 2020.
They will be launching their COTI PAY Debit card and you do remember what happened to the price of MCO when their Debit card was launched it exploded 100% in a month. Yes!
So BUY this (DYOR) and IMO hold till the end of December. I am adding this coin to my portfolio for the next few months.
Thanks for coming by to this chart, Do. Hit the like button if you find this update useful.
Thanks
Stay safe
#PEACE
Cotibtclong
COTI in a TIGHT ZONE between MONTHLY & WEEKLY levels.Weekly Resistance has been broken, And COTI tested the Monthly Level retracing back to test the weekly level. 90 percent of the time when a level is broken whether support or resistance it is tested on its pull back and most of the times it is rejected.
Here, a new support has been made for COTI, but at the same time we have tested the monthly level as well. But as i said before, the weekly resistance which was broken has become a support now and has been rejected is going to test monthly level again.
We may see some consolidation as the zone between two Levels is quite narrow.
But, the candles are respecting the trend lines, so COTI is going for a monthly level test again, if it breaks the monthly, we may be in a bullish move.
You guys can long from 320 to 370 zone, but with a tight stoploss as COTI is in consolidation. Wait for either of the levels to break.
Thanks and trade safe.
COTI / BTC Strong Buy SignalBINANCE:COTIBTC is a promising project supported by crypto twitter.
DeFi products
Click payments
Debit card
iOS+ Android
Blockchain Dollars/FIAT and stable coins
MultiDAG /issuance of tokens on top of a DAG
swap COTI MainNet to COTI ERC20 to COTI BEP2, from wallet
etc...
Let's how this project will work out, will be watching it, a nice entry point will be around horizontal line
Risk: 6
Reward: 8
Comment down below why do you think that Coti will continue to grow or its a short-term investment for you!