COTIUSDT trade ideas
COTI - BIG DESCENDING BROADENING WEDGEAfter the big drop on 8th March, Coti has been moving in a downtrend making the Lower High and Lower Low all the while forming a BIG DESCENDING BROADENING WEDGE along with it which normally gives upside breakout. Right now, it has to face the resistance of 200-Day EMA (in green) and if it manages to close above it, in addition, take support over it then we might see it knocking at the doors of final resistance,i.e, the downward trendline of the DESCENDING BROADENING WEDGE and move to higher levels as mentioned on the chart (in green).
However, failure in doing so can reject the price from there back to the lower levels (in red).
Both, resistance and support levels are mentioned in green and red, respectively. DYOR.
COTIUSDT DESCENDING CHANNELCoti had a tremendous rise from the support level(lower low) of the descending channel to the resistance level(lower high) of the channel. Coti looks vulnerable to rejection but before taking a long position, wait for a breakout at $3.6 with a valid retest. If price fails to break, you can take a short position to the key support level.
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COTIUSDT - RESISTANCE BREAK 🚨💣COTI is breaking major resistance! if we can make this broken zone a support area we can move another 40 % ! Because we dropped fast in this zone we also can move up fast.
I will be waiting for a pullback and see if support can hold. Don't FOMO
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COTIEntry on higher low trend reversal
Coincides with HTF bull channel bouncing of the fair value lower channel
Targets should be a control price, the middle of the fair price channel or the top of the local trading range.
will evaluate TF on a reach of the mentioned levels.
IN CONTRAST:
Short term bear trend and lower high wasn't breached and might act as a resistance.
BINANCE: COTI/USDT (Break out nicely)🛒 Pair: COTI/USDT 🛒
== SPOT==
⏰ 1400/05/14 ⏰
🕰 05/08/2021 🕰
Duration:
📈 SHORT 📈
Ex: Binance
#243
🛒 Buy1 : 0.160 🛒
🛒 Buy2 : hidden 🛒 DCA
👉Sell Targets👈
🎯TP1: 0.170 🥉
🎯TP2: hidden 🥈
🎯TP3: hidden 🥇
🎯TP4: hidden 🚁
🎯TP5: hidden ✈️
🎯TP6: hidden 🚀
🎯TP7: hidden 🛰
⛔️ SL: 0.136 by closing H4 candle below