COTI CHART ANALYSIS: HEAD AND SHOULDERS BREAKOUT?In this chart of BINANCE:COTIUSDT , observed a head and shoulders pattern and for the past 3-4 days, the price of COTI rose to more than 50%. As the thumbnail shows, the pattern had a breakout. Will it surge continuously, go sideways or maybe a reversal? I will provide updates on my full chart analysis in the threads below.
Happy trading to everyone and a Happy Chinese New Year :)
DYMUSDT
DYMENSION - Airdrops SeasonDYMUSDT is performing quite well since its airdrop happened, and the price is on an upward trend, because it is speculated that DYM stakers will be eligible for other airdrops.
That being said, if DYM breaks this symmetrical triangle upwards, it is bullish and we could reach $10 in the short term wizards.
Riding a possible retrace on DYMI expect a correction on DYM, so i am taking a small risk and i will try to ride a possible pullback. I am targeting main support zone at 6.3, invalidation above 8.5. I can also see a break of main trendline as confirmation of possible pullback with a bearish divergence
Dymension(DYM) is Ready Go UP🚀➕20%🚀🔥Project Dymension(DYM) as been launched in exchanges for less than 3 days, and today I am trying to share an opportunity for you to buy DYM token .
📚What Is Dymension(DYM)❗️❓
Crypto apps are in dire need of ease of use and economic sustainability. Recently, rollups have shown a simple business model that works, fees minus base layer costs equals their profit. As a result, a surge of L2s were deployed each with its own custom implementation, multi-sig bridge, and security assumptions. This led to a fragmented, unsecure, and chaotic user experience diminishing the advantages of rollups and modular blockchains.
✅ Dymension(DYM) was able to break the 🔴 Resistance zone($6.40-$6.08) 🔴.
📈From the point of view of Classical Technical Analysis , Dymension(DYM) seems to have succeeded in forming the Ascending Triangle .
🔔I expect Dymension(DYM) will go UP to 🟡 Potential Reversal Zone(PRZ) 🟡.
❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed.
Dymension Analyze (DYMUSDT), 15-minute time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
What is Dymension (DYM) ?I'm waiting for a pullback.
dYmension is a blockchain platform designed as a modular settlement layer for launching enshrined rollups within the Cosmos ecosystem. This innovative solution revolutionizes scaling, offering the tools and infrastructure required for decentralized use cases. With dYmension, it becomes feasible to deploy specialized rollups, ushering in a new era for metaverse applications, games, and high-throughput services on the blockchain.
Latest Funding Round: 9 Feb 2023, Raised $6.70M. ( Tier 3 Investors )
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