Decemeber 2021As we all know it is supposed to be a bull run but before seeing a new high for coti and the upcoming event January can make a big difference for the price. I have made my technical analysis as you can see. I am long on this coin. but as being long I am always securing the profit as needed to I go the way the market is. As you can see that the major support for coti right now is .25 but if we see another crash get ready for .14-.19c as my prediction. there are two upward. line the whites ones if we break the downward then will see new highs. as people are loading for upcoming events and djed news can pop anytime. holding coin is a safe bet here but still, we all have our own techniques of trading or investing. The green box is my entry position and then hold for ATH. lastly, January can be crazy as fundamentals are strong all the TA can't be true because when one news comes and it attracts investors price movement can be parabolic. Again, I believe there will be one more crash for BTC to see 35k and COTI around the price as I predicted.
COTIUSDT trade ideas
COTI LONG BULLISH DIVERGENCE + PENNANT!Recently Coti made a new ATH and has been testing the range of its previous ath due to a bearish divergence formed, however all is in place for continuation.
Looking at the chart we can see a bullish divergence has sowly formed leaving room for more growth.
Coupled with the bullish pennant, a breakout will lead us to new All-time Highs.
Enter with a stop below support and target first resistance(Green). You could extend targets to its aths if you wish.
Long CotiCOTI/USDT
⬆️Buy @ 0.417 - 0.36
✅TP1 @ 0.48
✅TP2 @ 0.52
✅TP3 @ 0.61
✅TP4 @ 0.72
⭕️SL @ 0.345 ( D Close)
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COTI 1D Chart - 30%+ drop possibleCOTI on a 1D chart is looking like it is moving within an upward channel and we may be ready to see the price drop to get to the bottom of the channel. The price may have a 30%+ drop (assuming it gets to the 0.382 fib level) before moving upwards in the channel. Keep an eye on the RSI as well.
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Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk #bitcoin #altcoins
COTIPOSITIVE POINT :
1- weekly RSI50 support
2- breakout and test it
CMP = 0.4220
SL = 0.375
TP1 = 0.59
TP2 = 0.96
What Is COTI (COTI)?
COTI markets itself as the first enterprise-grade fintech platform that empowers organizations to build their own payment solutions as well as digitize any currency to save time as well as money.
COTI is one of the world’s first blockchain protocols that is optimized for decentralized payments and designed for use by merchants, governments, payment DApps and stablecoin issuers.
coinmarketcap.com
COTIUSDT - WILL PUMPCoti breaking the 50EMA and downward channel i believe this one will run hard
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