COTI has a Chance to Be Bullish Right nowHello every one
COTI / USDT
🟡Chart is speaking it self!
🌳-COTI was in a Falling Wedge Pattern.
-The Break out has Happened Recently
-The Price Might be able to Increase From Here!
-In Long Term it can Reach the Top of the Falling wedge Pattern
-We can Expect 0.2550 & 0.3 for now
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Thank you for seeing idea .
Have a nice day and Good luck
COTIUSDT trade ideas
$COTI.X/USDT - Long - Potential 27.91%$COTI.X/USDT - Long - Potential 27.91%
Exchanges: Huobi.pro, Binance, KuCoin
Signal Type: Regular (Long)
Entry Targets:
1) 0.2272
Take-Profit Targets:
1) 0.2365
2) 0.2689
3) 0.2896
Stop Targets:
1) 0.2135
Trailing Configuration:
Entry: Percentage (0.0%)
Take-Profit: Percentage (1.0%)
Stop: Breakeven -
Trigger: Target (1)
COTIUSDT is testing the 4h support
The price had a breakout from the weekly support and created a double top on the daily timeframe.
On the 4h timeframe, the price is a breakout from the dynamic and static support.
How to approach?
If the price is going to confirm the breakout, we can apply our rules for a new short position.
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Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
COTI up for some gainsCOTI has been consolidating after the last rally and it held the first support so far. Momentum is going for oversold territory.
I'm expecting COTI to pick up some volume and make a move towards the targets marked in the chart which is above 50%.
Stop would be placed around 0.40 to avoid the wicks in case big boy BTC makes a move which gives a RR > 2 for the first target and that makes this trade worth it. Position size should be minimal and may be increased if entering at a better price around 0.45
Good Luck!
COTI - Trend-Following Buy Setup!Hello everyone, if you like the idea, do not forget to support with a like and follow.
COTI is overall bullish and now approaching the lower blue trendline so we will be looking for buy setups on lower timeframes.
on DAILY: COTI is forming a channel in red but the upper trendline is not valid yet, so we are waiting for a new swing high to form around it to consider it our trigger swing.
Trigger => Waiting for that swing to form and then buy after a momentum candle close above it (gray zone)
Meanwhile, until the buy is activated, COTI would be overall bearish can still trade lower inside the green support.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
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