COTI ANALYSIS (1D)
Hi, dear traders. how are you ? For a long time, the COTI symbol has been falling with an almost steep slope, and it has become difficult for some traders to predict its direction.
In this analysis, I have tried to predict the future path of COTI as much as possible with a quiet chart.
By checking the chart and wave counter, I realized that we are in a diamond diametric correction pattern.
On the chart, where it says "Start of correction" is the point where our diametric diamond started.
Looking at the branches, it looks like we are now in wave E of this diametric.
By hitting the green area, we expect the E wave of this diametric to end and we enter the rising F wave of this diametric.
Here is the path I envision for COTI on the current data, on the daily time frame.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
In this analysis, I have tried to predict the future path of COTI as much as possible with a quiet chart.
By checking the chart and wave counter, I realized that we are in a diamond diametric correction pattern.
On the chart, where it says "Start of correction" is the point where our diametric diamond started.
Looking at the branches, it looks like we are now in wave E of this diametric.
By hitting the green area, we expect the E wave of this diametric to end and we enter the rising F wave of this diametric.
Here is the path I envision for COTI on the current data, on the daily time frame.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
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