COTIUSDT Small AnalysisHello, traders!
Most of us asked me today to analyze Coti. Here you are. I hope you’ll enjoy my thoughts. Well, have a look at the chart.
As you can see both on daily and weekly chart price is at the end of the cycle. That’s why it’s a good opportunity to earn some money. As we see on the daily chart, price is near the weekly pivot and the triangle will be broken up soon. I’m completely sure that it’ll go up with high probability of blowing up. I mean it, guys. The most pretty nice info the weekly chart gives. The previous price action looks like the first part of Elliott cycle. If it’s true, but I’m sure it is, it’ll blow very soon. So, I plotted the long opportunity on the chart.
I hope, you are making your own analysis besides using my. I remember you, that it’s deadly important to get huge profits and boost your own trading skills. That’s why, don’t just follow my thoughts blindly. Analyze, think, and will gain success. Have a profitable day, traders!
DISCLAMER: Information is provided only for educational purposes. Do your own study before taking any actions or decisions at the real market.
COTIUSDT trade ideas
Reversal PointHave a good trading week, folks🔥
There is an analysis update of COTI/USDT crypto pair.
It seems like falling wedge formation.
There was a strong bearish sentiment.
According to Elliott Waves theory all the waves are done and now price is heading to the breakout.
So follow the chart and look for the breakout carefully.
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And always remember: "we don't predict, we react".
COTI - Potential Bullish Reversal!Hello everyone, if you like the idea, do not forget to support with a like and follow.
COTI is sitting around strong daily demand in green so we will be looking for buy setups.
on H4: COTI formed a valid channel 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 last swing high (in gray) to buy.
We have two possible scenarios here, highlighted by the two projections in orange or purple. and the orange projection would result in a stronger setup.
Meanwhile, until the buy is activated, COTI would be overall bearish can still trade lower.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Elliott wave analysis on COTII saw this idea on Twitter yesterday and had to share, because it was not published on Tradingview.
This analysis is made by Gert van Lagen. So all credits to him!
A great perspective for COTI in the long term.
0-I: 1st impulse wave (12345)
I-II: 1st correction wave (ABC)
II-III: 2nd impulse wave (12345)
III-IV: 2nd correction wave (ABC)
IV-V: To be (3rd impulse wave)
Targets IV-V in 2021:
+ 1.6$ @ 1.618 exp. fib.
+ 3.0$ @ 2 exp. fib.
COTI with some strong patterns and support levels - LONGCOTI has been rocking back and forth in recent weeks, but has found its way up!
After testing the EMA20 multiple times and the EMA100 in the last days of April, COTI is looking for its next big move to the upside.
I have been doing some other TA on COTI. Feel free to check them out.
Patience is key for this one! Who is holding COTI as well?