#cotiusdt Can climb this area#cotiusdt Located in a good support area. If the candle confirms and breaks the descending channel can see the targets. (This is a personal opinion)
COTIUSDT
COTI 1D - Possible Big Move DownwardsHello friends, today I am completing a technical analysis on the 1D linear scale chart for Coti (COTI), a cryptocurrency altcoin.
In the chart I noted:
1) COTI price recently formed a Double Top and it broke down from the bottom of that trendline. The measured move of the Double Top Formation Pattern is going to bring the price to $0.25, which is a 38-40% price drop.
2) When reviewing the Fibonacci Retracement, that price drop level falls in the 0.618 zone, which is also a major support zone dating back to March 2021. This may be where the price bottoms out and starts to move back up.
3) I took the last three Double Top Formations and saw the price correct significantly. Assuming the price does drop down to the $0.25, that would be a 61% drop from the top of all time high price.
4) The RSI (relative strength index) has also not reached the oversold region yet as it has done in the past three Double Top Formations. I assume we will see the price go lower and completing a double or triple bottom before we see the price moving back up.
5) Interesting, the Volume has picked up over the past few months so there are buyers and sellers for COTI.
6) This idea would become invalidated if we move above the trendline at $0.44 for more than a 1D period.
Stay a bit cautious on this one as history doesn't generally repeat, but surely rhymes.
What are your opinions on this?
If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below.
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis. Don't trade based on my advice. Do your own research! #cryptopickk
COTI USDT ShortHello everyone,
I am sharing my analysis to have your comments and improve my trading technique.
Here on the daily chart I think the support of 0.4810 has been broken and retested so I will go for a short sell.
Please let me know what you think.
cotiCOTI going to breakout and pump
macd about to get bullish
you can buy after cross up and rsi > 50
COTI. Room for upside?Chartwise COTI looks reasonable. Price is respecting the ascending supportline, despite the market correction yesterday. As long as RSI can stay up/above 50 it looks like price can move upwards pretty easy. Only thing that concerns me is the A/D divergence from price. This indicates COTI is (heavily) distributed which can indicate price is held down (artificially). As long as distribution remains elevated, i expect price to remain suppressed.
$COTITrend following trade -- EMA50 acting as support
COTI market cap is only around 500M, rank 157 in coinmarketcap.com
Cup and handle formation with projection at around 1.2, but check the fib extension levels as well for take profit areas.
🔥 COTI / USD — COTI Trading 🔥 November 10World demand on digital currency is increasing and by the next 10-20 years, all fiat currency will be digital.
COTI is the first platform designed specifically for the development of stablecoins.
I think COTI might be in the lead in developing of stablecoins during next couple of years, so project value will increase.
Share your vision about this project and possible price behaviour in the comments below
COTIUSDTPREP 4H BUY SETUPFinally COTI is formed CUP and HANDLE pattern and it breaks out finally. And it also maintain the big yellow trendline. Easily 30% profit from here,
BUY SETUP:
BUY: 0.54-0.55
SEL:
Target 1: 0.56
Target 2: 0.58
Target 3: 0.62
Target 4: 0.65+
STOP LOSS: 0.527
Enjoy and like and comment it.
COTI - NEW ATH? 1,2$ SOON!A lot of coins have established new ATHs at this point. And COTI is prepared for that, too.
After 3 times being rejected at the strong resistance line.
This time COTI formed a head and shoulders pattern in preparation for the breakout.
Target:
TP1: 0.77
TP2: 0.87
TP3: 1.2
TP4: Update later :)
Coti Cup & handle Nice cup and handle pattern.
Buy on breakout or retest. Height of the cup = target 👍
COTI 4H Chart - RSI breakoutCOTI is in a large ascending triangle pattern and recently touched the bottom trendline. Also RSI just broke out of the trend upwards. We can see a nice moving upwards coming. I noted the resistance areas with the R's.
I've been tracking COTI for a while. Check out my other ideas below!
What are your thoughts? Comment below, hit the like and follow me. Thank you!
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk #bitcoin #altcoins
Coti/usdtThis is a good set up and i think it will send it up soon.
Buy now
target - 0.649
sl- 0.5
take profit along the way and manage your own risk
nfa, good luck.
COTI 4H - Hidden Bullish Divergence in sightCOTI 4H Chart shows hidden bullish divergence from my view (see lines for price and RSI). Also there is an ascending triangle formation with a possible breakout target bringing the price to the 1.618 fib.
This may be dependent on BTC staying flat or moving up.
What are your thoughts? Comment below, hit the like and follow me. Thank you!
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk #bitcoin #altcoins
🌠COTI Mainnet 2.0 - C&H / Inverted H&S"We’re excited to announce that COTI’s Mainnet 2.0 will go live on November 2nd, 2021 at 2 pm UTC."
This is probably one of the best-looking charts right now. There are two very clear price patterns visible on the daily chart, the price is currently in its all-time-highs levels and now we've just heard the positive news. All signs are telling us that COTI is set to enter a new price discovery phase very soon.
Entry: buy at bottom trendline of this handle (flag) -- or buy once the price breaks out of it-- or -- buy later on a local pullback
-----------------
About COTI:
COTI is one of the world’s first blockchain protocols that is optimized for decentralized payments and designed for use by merchants, governments, payment DApps and stablecoin issuers.
COTI Pay is the first application. It describes itself as a fully encompassing finance on the blockchain. The COTI Group launched in March of 2017, while the Staking Platform Launched on Jan. 1, 2020.
It is an ecosystem that is designed specifically to meet all of the challenges associated with traditional finance, including latency, fees, global inclusion and risks. This is done through the introduction of the DAG-based protocol as well as infrastructure that is completely scalable, private, inclusive and fast.
Source: coinmarketcap
COTIIF the news will be great
IF the news will be great
IF the news will be great
IF the news will be great
Re-entry on COTI LongRe-entry setup on COTI long with good RRR. Following the retracement, were looking at the continuation back to the ATH.
Wave 5 of elliot Coti is moving as expected, a reverse h/s which also had a very nice retest on the neckline
also, we see an Elliot wave which shows we are on wave 5! so take care, suggest you to play with the stop around the target or sell it at the target and wait for a breakout
because if as per my prediction wave 5 finishes at the mentioned target then we will have bearish ABC after.
COTI, not looking bullis atmOn the D1 COTI broke out of the handle and looking for continuation. RSI indicates bearish divergence, Stochastic overbought .Note the yellow A/D line diverging, indicating large outflow of money. 0.60c is support, but i'm not optimistic this will hold if COTI drops more. Not to bullish (for now)
$COTI, Signalling a 2D Buy signal (4 of 4 so far since mid 2020)$COTI
Signalling a 2D Buy signal (4 of 4 so far since mid 2020)
Just ~5% away from ATH w/ increasing volume
Seems interesting.. 😏
#COTI
Golden Cross On the Daily Frame !After the LAST GOLDEN CROSS The price went x15 higher from 0.04$ to 0.6$ ! With no real products !
Big news are coming on the CARDANO summit on the 26th of September, a big partnership between COTI and ADA will be revealed !
Next week the COTI credit card and crypto bank accounts will be released !
AND MORE BIG NEWS !!!
On the daily frame we have a golden cross
If only we do x15 (like what happened after the last golden cross) from current prices, the price will go from 0.36$ to 5.4$ if not more !!!!
This is not a financial advice !
Do your own analysis !
Trade on your own RISK !
