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
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COTIUSDT
COTIUSDT Technical Analysis
⏳ Spot
💎 COTIUSDT is right at the supportline and the bottom line of the triangle. There is a rejection at the moment at this level. It can go lower to the Pullback zone before it goes up.
🏁 Short & Medium Term
💵 Invest Only 5% of your Portfolio
🎳 Entry at market or 0.3000
☕️ TP1 0.3500
🍺 TP2 0.3700
🍻 TP3 0.4000
🍾 TP4 0.4300
🍷 TP5 0.4450
🍸 TP6 0.5000
🍹 TP7 _______
🎁 TP8 _______
🚫 SL 0.2655
Good Luck 🎲
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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.
COTIUSDT DESCENDING CHANNELCoti had a tremendous rise from the support level(lower low) of the descending channel to the resistance level(lower high) of the channel. Coti looks vulnerable to rejection but before taking a long position, wait for a breakout at $3.6 with a valid retest. If price fails to break, you can take a short position to the key support level.
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