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COTI / TetherUS PERPETUAL CONTRACT

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COTIUSDT.P trade ideas

COTI one of the best setups in the market!!Coti long term wave cycle is shown on chart, which reflects strong buying demand in the underlying asset t. Additionally we can see that volume is increasing which is a good sign that COTI has some heavy interest. From the top at 52 cents which is clearly an extremely key level having tested it on 3 occasions, we have come down in a complex corrective sequence which resembles a bull flag formation with strong resistance at the key $0.383 level; we broke higher and flipped the level into support breaking the bull flag and likely leading to a new impulse to the upside (MINOR WAVE 5). As you can see the ~1.236 fib extension of MINOR WAVE 1 acted as strong resistance on 3 occasions; it is expected that we push higher here given the strong count on COTI and potential 4th wave completion and retest the key level. Additionally, as we look across the crypto market not many assets corrected in the fashion that COTI did; which was a WXYXZ complex correction, this indicated that COTI has a lot more buying demand then the rest of the market as it did not correct deeply nor impulsively. It is often seen with complex corrective sequences that they are countertrend movements meaning that once they are completed price will resume moving in the original trend which is upwards. This is why we can expect good growth in COTI as underlying strength is evident. Please like and follow for more! Stay Tuned!
Long
by NICKVASS10
3
COTI Looks very promising in the short term.There has been a decent amount of announcements related to COTI in the last few days. On top of that, the current price can be considered as a discount (courtesy of the recent behavior of bitcoin). Based on simple Fibonacci retracement we get the first target of 0.6 (previous peak), and the next one at 0.8-0.9 (with 0.9 probably being the psychological maximum before a slight correction). For me COTI is a relatively safe bet. However, the fluctuations in the price of bitcoin may as well ruin this picture, or at least prolong the process a little bit. Thus, please trade with caution. TLDR; COTI looks good and will most likely hit 0.8 soon; given that BitCoin doesn't decide to take a dip. This is not financial advice. p.s. COTI has a very low market cap of only 263mil, giving it insane amount of room to grow.
by Shacryt
1
COTI/USDT : Pulled back from support zone | 280% Expected gain BINANCE:COTIUSDT Hello everyone 😃 COTI had a breakout from it's ascending channel on daily chart at 3rd March. After that it had a rejection of it's higher trendline ! Now, It's pulled back from a stiff support zone and broke the bearish trendline... It's above bearish trendline and MACD had a bullish crossover. COTI is extremely bullish; I will add hold a big bag of it with entries ! 1st is after a breakout on MA50 and the 2nd one will be after a retest on channel's higher line or MA100. It's expected to have a retest on higher trendline with possible 200% growth. 📌 MA100 is a good support for movement but MA50 is trying to reject; However most of signs are extremely bullish, So there might be a retest on MA100 before breakout.. 🔴 Have to mention that BTC is not stable yet; So risk management is highly recommended ! Hope you enjoyed our analysis about COTI's extreme growth🙌 You can support us with your likes. Also you can share your opinion with us in comments 😉🙋🏼‍♂️ Attention: this isn't financial advice we are just trying to help people on their own vision. Have a good day! @Helical_Trades
Long
by Helical_Trades
42
COTIUSDT is testing the 0.382 Fibonacci level The price is testing the 0.382 Fibonacci level after a nice breakout from descending channel. IF the price will have a breakout from 4h resistance, According to Plancton's strategy (check our Academy), we can set a nice order ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis, please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Long
by InkyGrip
16