COTI Analyze (Road Map)!!!🗺️First, I tried to find an exchange that has more data or candles for COTI. The KuCoin Exchange was one of the first exchanges that launched COTI (03 Jun 2019).
What is the COTI❗️❓
COTI stands for Currency of The Internet with the aim of creating a decentralized and scalable payment network to facilitate efficient global trade. COTI wants to create a new decentralized, high-reliability, cost-effective payment method by combining distributed ledger technology and traditional payment methods.
The COTI Network is designed to develop a new generation of online payments. The COTI network management team claims that the network's high adaptability to consumers and businesses speeds up transactions across different parts of the world. COTI network with a goal such as building trust and transparency, increasing decentralization and efficiency, reducing transaction costs, making it easier to sell products, and support for Fiat and digital currencies provides a platform that is the easiest and most consistent payment method in the industry.
COTI Analyze ( COTIUSDT ) Timeframe Weekly⏰ (Log Scale)
COTI has started its main Journey at 0.0052$. It was able to run in an Ascending Channel and passed its Impulse wave with Extended 3rd at 0.645$. For now, COTI is running in Main wave 4 and I tried to show the end of the Main wave 4 in my chart.
Where can be the end of Main wave 4❗️❓
🎯Target 1🎯: 0.23$ until 0.21$ on the bottom of the ascending channel (More possible).
🎯Target 2🎯: 0.13$ until 0.08$ (Heavy Support Zone + TRZ (Time Reversal Zone)).
When we can verify the end of Main wave 4, then we can talk about New ATH (All Time High).
🔴Resistance Zone🔴 & 🟢Support Zone🟢 that we have in front of COTI.
🔴Resistance zone on COTI's way:
🔴Resistance zone: Simple Moving Average (SMA) 50 + 100 + 200 at Daily Timeframe.
🔴Resistance zone: 0.48$ until 0.42$.
🔴Resistance zone: 0.76$ until 0.66 (Heavy Resistance zone).
🔴Resistance zone: 1.64$ until 1.32$.
🟢Support zone on COTI's way:
🟢Support zone: 0.3$ until 0.2$.
🟢Support zone: 0.13 until 0.08$ (Heavy Support zone).
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 be glad to see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends, Thanks, and Trade safe
