COTIUSDT trade ideas
COTI breakoutMultiple things happening here.
-COTI has broken out of and retested the falling wedge.
-In doing so, it has also created a head n shoulders pattern.
-RSI has also broken the down trend.
-Ready break out and test the next few FIB levels.
Expecting COTI to push up in the next few hours. 4 hour and daily timeframes look even better!
Let me know your thoughts!
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 retesting our blue and orange trendlines so we will be looking for buy setups.
on M30: COTI formed a valid trendline in red but it is not ready to go yet.
Before we buy , we want the buyers to prove that they are taking over again.
You don't want to buy a bearish market right?
Trigger => Waiting for a momentum candle close above the previous high in gray to buy.
Meanwhile, until the buy is activated, COTI would be overall bearish can still trade lower till the orange/blue trendlines before going up.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
COTIUSDT๐this alt has completed the cup formation clearly and its going to form its handle soon after that formation we are going to seen a pump equal to the cups depth (this is the theory of the cup and handle formation) which not always happens exactly what we expect in the market but it can give us a good clue to enter from now for most possible profit out of it
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COTI / USDT 1D๐ต #COTI/USDT
๐ข Spot (Midterm)
โ
Investment Recommendation
โโโโโโโโโโโโ
๐ต Entry Range : 0.32 - 0.36
๐ด Exit Points : 0.39 - 0.48 - 0.60 - 0.92
๐ Stop Loss : 0.19
โโโโโโโโโโโโ
โ ๏ธ Risk Level : 5/10
๐ฒ 3 - 5 % Of Total Assets
โโโโโโโโโโโโ
COTIUSDT Technical Analysis
โณ Spot
๐ COTIUSDT is right at the supportline and the bottom line of the triangle. There is a rejection at the moment at this level. It can go lower to the Pullback zone before it goes up.
๐ Short & Medium Term
๐ต Invest Only 5% of your Portfolio
๐ณ Entry at market or 0.3000
โ๏ธ TP1 0.3500
๐บ TP2 0.3700
๐ป TP3 0.4000
๐พ TP4 0.4300
๐ท TP5 0.4450
๐ธ TP6 0.5000
๐น TP7 _______
๐ TP8 _______
๐ซ SL 0.2655
Good Luck ๐ฒ
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COTI TAWe can see that COTI is adhering to the 4 hour candle pattern beautifully. We have had 5 bounces off the 50 MA. WE can also see on the RSI that we are regularly bouncing off the 50.
We are also forming a Descending triangle which is aligned to breakout almost perfectly with the 50MA, .618 on the fib and whilst RSI sits at 50 again. Assuming this doesn't break trend and from a TA perspective our next technical target on the Fib would be 0.7 if we break the previous high.
Not financial advice and just my opinion.
COTIUSDT - Worth Watching ๐๐COTI is getting in a very tight range, there isn't much room left and soon we can expect a volatile break!
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COTIUSDT Technical Analysis
โณ Spot
๐ COTIUSDT has formed a Bullish Flag. it has broken above the Flag and a resistance. It is expected to go to the last high of the recent green candle.
๐ Short & Medium Term
๐ต Invest Only 5% of your Portfolio
๐ณ Entry at market or 0.3269
โ๏ธ TP1 0.3820
๐บ TP2 0.4000
๐ป TP3 0.4200
๐พ TP4 0.4450
๐ท TP5 0.4800
๐ธ TP6 โโโโโ
๐น TP7 โโโโโ
๐ TP8 โโโโโ
๐ซ SL 0.2655
Good Luck ๐ฒ
Check the Links in Description and If you LIKE this analysis, Please support our page and Ideas by hitting the LIKE ๐ button. โค๏ธ Your Support is really appreciated! โค๏ธ
Traders, if you have your own opinion about it, please write your own in the comment box. We will be glad for this.
Feel free to request any pair/instrument analysis or ask any questions in the comment section below.
We will have more FREE forecasts in TradingView soon
Have a Profitable Day
Coti Usdt Technical Analysis and Target PriceWith the completion of the current trend, the cup pattern showing.
The next step would be to wait for the handle pattern. Maybe you can be entered from the handle Fibonacci 0.618 area.
If the Fibonacci data intact, the next target will be to reach 1.618.
Cup depth and handle depth should be followed
You can find my other articles from the links below.
THIS CHART! AND LISTED ON COINBASE.......Still a great perspective for COTI in the long term.
1st run (03/2020-09/2020) - a 175 day run that delivers +1085%
2nd run (11/2020-04/2021) - a 140 day run that delivers +2283% (double amount of the 1st run)
3rd run (07-2021-12/2021) a 140 day run that can deliver +4359% (double amount of the 2nd run)
These runs in combinations with the 75-80%
Targets in 2021:
+ 1.5/1.6$ @ 1.618 exp . fib.
+ 2.9/3.0$ @ 2 exp . fib.
+ 8.0$ @ 2.618 exp. fib. (KEEP DREAMING!)
Stay COTI, I'm out!