BINANCE:COTIUSDT - Perfect entry for long trade---------------------------------------------------------------
Description
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+ COTIUSDT broke out of the triangle and forming a new higher high and has a potential to reach next resistance
+ LONG trade entry can be done now or we can wait for the correction.
+ Stoploss long compared to our other trade but its need to prevent any SL hits due to wicks
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VectorAlgo Trade Details
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Entry Price: 0.06381
Stop Loss: 0.05851
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Targets 1:0.06654
Targets 2:0.06962
Targets 3: 0.07846
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Timeframe: 4H
Capital: 1-2% of trading capital
Leverage: 5-10x
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Enhance, Trade, Grow
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Agree or Disagree with the ideas ? lets discuss in the comments.
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Regards
VectorAlgo
Coti
COTI CHART ANALYSIS: HEAD AND SHOULDERS BREAKOUT?In this chart of BINANCE:COTIUSDT , observed a head and shoulders pattern and for the past 3-4 days, the price of COTI rose to more than 50%. As the thumbnail shows, the pattern had a breakout. Will it surge continuously, go sideways or maybe a reversal? I will provide updates on my full chart analysis in the threads below.
Happy trading to everyone and a Happy Chinese New Year :)
COTIUSDT.1DBased on the provided market data, the COTI/USDT pair is currently trading at 0.088 USDT.
On the 4-hour chart, the Relative Strength Index (RSI) is at 59.60, indicating a near neutral market. The Moving Average Convergence Divergence (MACD) is positive at 0.0080, suggesting a bullish trend. The Bollinger Bands (BB) are at 0.10, indicating a moderate level of price volatility. In terms of support and resistance levels, the first, second, and third support levels are at 0.081, 0.065, and 0.057 respectively, while the resistance levels are at 0.096, 0.10, and 0.1154 respectively.
On the daily chart, the RSI is relatively high at 71.46, which indicates overbought conditions and potential for a price pullback. The MACD is also positive at 0.0060, suggesting a continued bullish trend. The BB is at 0.10, indicating a moderate level of price volatility. The support levels are at 0.066, 0.054, and 0.044, while the resistance levels are at 0.12, 0.13, and 0.15.
On the 7-day chart, the RSI is also high at 70.14, indicating overbought conditions. The MACD is positive at 0.0038, suggesting a bullish trend. The BB is at 0.11, indicating a moderate level of price volatility. The support levels are at 0.054, 0.035, and 0.025, while the resistance levels are at 0.11, 0.128, and 0.135.
In summary, the COTI/USDT pair appears to be in a bullish trend across different time frames. However, the high RSI on the daily and 7-day charts suggests that the pair may be overbought, which could lead to a price correction in the near term. Therefore, potential investors may want to wait for a better entry point. As always, it's important to consider other factors and conduct a comprehensive analysis before making any investment decisions.
COTI ANALYSIS (4H)On the chart, from where we entered "START", we seem to see a correction.
This correction seems to be a diametric.
There was a suitable place for the termination of the D wave on the chart, which we marked with red color.
If the price reaches this range, you can enter a sell/short position.
We have specified the targets on the chart. We also specified the invalidation level. Closing a daily candle above this level will violate the analysis
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
COTI will be falling for several weeksThis COTI scenario is still valid in the bigger picture. (In the related analysis section, I have linked the previous analysis)
We have made the chart a little quieter. The F wave was hit. and the specified supply was cleared.
For the G wave, we have two TPs, which we have marked on the image.
The lower green box is a good place to buy COTI for a few months hold.
According to time rules in diametrics, At least this downward branch is expected to last until MAY 24
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
COTI/USDT Break out and valid retesting phase, Ready to UP?💎 COTI has been a standout in the market, having recently achieved a breakthrough past a crucial resistance area. This development could signify a shift to bullish momentum.
💎 Currently, COTI is in a retesting phase at what was previously a resistance zone, now serving as support. A robust bounce from this level could pave the way for a continued upward trajectory, probability with our next target being the bearish OB area.
💎 In this support zone, it's essential for COTI to show a strong recovery to sustain the upward movement and potentially reach new highs. If COTI fails to respond positively in this area, it could indicate a risk of breaking down below the support.
💎 Such a scenario would likely confirm a false breakout, potentially reversing COTI's trend towards a bearish movement. In this case, COTI might head towards the bullish OB area.
COTI/USDT Ready for a Potential Bull Rally? 👀🚀COTI Analysis 💎 Paradisers, direct your focus to COTIUSDT, which is showcasing a pivotal movement in the market. Positioned in a demand zone, COTI is setting up for what appears to be a bullish trend.
💎 Recently, COTI has been engaging with the internal supply level at $0.068, touching it for the third time before embarking on a downward path. Presently, COTI maintains its position above the trendline. Notably, despite facing significant rejections from the supply zone, COTI hasn’t fallen below its previous low, suggesting a strong likelihood of an upward shift.
💎 Nonetheless, given the fluid nature of the crypto market, COTI traders should brace themselves for a variety of outcomes. Should COTI falter in its bullish trajectory and slip below the current demand zone, a shift in market direction may be on the horizon. Traders may then need to pivot their focus, eyeing a potential bullish recovery from the support level of $0.054.
💎 Crucially, if COTI breaks below this secondary demand level, it would call for an urgent reevaluation. Such a development might indicate challenges in sustaining the bullish trend, necessitating a strategic reassessment and adjustment of trading methods.
💎 Stay sharp and tactically proficient. Your ParadiseTeam is here to steer you through these market changes and equip you with the insights needed for effective and knowledgeable trading choices.
COTI IS BEARISH (4H)It has hit an important supply and seems to have received a lot of sales orders.
A liquidity pool is being formed. It seems that this pool will break soon and we will move towards the green area which is a demand.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
COTI/USDT Break the Consolidation phase. Upward Momentum ??💎 COTI has certainly captured the market's attention. Recently, COTI demonstrated a breakout from the resistance of its consolidation phase. Analyzing the chart, it's evident that COTI hasn't undergone a retest yet.
💎 There's potential for COTI to retest the area that previously acted as resistance, now serving as support, before resuming its upward trajectory and the probability easily reach our target is supply and bearish OB zone
💎 On the downside, if COTI retraces to the support zone but fails to hold its position, it could indicate a bearish turn. Such a scenario would mirror its previous false breakout. In this case, COTI might be on a path to revisit the more robust support level below.
COTI ANALYSIS (1D)We are inside a large diametric, where the E wave itself is a twisted diametric. We are now in wave f of E. We expect the fluctuations plotted on the image from COTI
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
finally coti breaking out seems like coti has already bottomed out and finally looks juicy for midterm
breaking falling wedge in 3 days timeframe expecting successful breakout incase of successful breakout expecting solid recovery towards 0.20$ in midterm
keep eyes on that and keep risk under control
COTI/USDT Break Key Level, Bullish Momentum or false breakout? 💎 COTI has certainly piqued our interest. Having broken through a formidable resistance zone, COTI showcases potential bullish momentum, especially after spending 52 days in a sideways pattern within that range.
💎 Currently, COTI is in a retesting phase post its breakout from the strong resistance. A bounce in this region would pave the way for a continued upward trajectory.
💎 However, should COTI fail to maintain its position and close below the resistance zone, it might indicate a false breakout. In such a scenario, COTI could descend towards the nearby demand at $0.0415.
💎 A bounce at this point might lead to an upward retest of the resistance due to the false breakout, only to potentially decline again towards the demand at $0.039 or even approach the robust support zone.
COTI / COTIUSDTGOOD LUCK>>>
• Warning •
Any deal I share does not mean that I am forcing you to enter into it, you enter in with your full risk, because I'll not gain any profits with you in the end.
The risk management of the position must comply with the stop loss.
(I am not sharing financial or investment advice, you should do your own research for your money.)
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
COTI Coin is considered a security by the SECRecently, the U.S. Securities and Exchange Commission (SEC) classified COTI (COTI Coin) as a security. This means that COTI, the native cryptocurrency of the COTI network, is now subject to securities regulations and requirements imposed by the SEC.
The decision to categorize COTI as a security by the SEC signifies that it is considered an investment contract, representing ownership or participation in the COTI project or platform. Consequently, COTI will need to comply with applicable securities laws, which may include registration, reporting, and other regulatory obligations.
This classification by the SEC highlights the increasing attention and oversight of cryptocurrencies, particularly those that possess features resembling traditional securities. Companies and individuals involved in the cryptocurrency industry must remain informed about regulatory developments and ensure compliance with relevant laws to operate within the bounds of the law.
My price target for COTI is the next strong support, $0.038.
Looking forward to read your opinion about it!
COTI formed bullish Shark for the next pumpHi dear friends, hope you are well and welcome to another new trade setup of COTI coin with US Dollar pair.
Our last successful trade of COTI was the below one, which was almost 60% pump:
Now on a 4-hr time frame, COTI has formed a bullish Shark for the next bullish reversal.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
COTI (Y23.P2.E1). Macro goldern fib. levelsHi Traders,
On this chart, it seems that we have the fib extension of 1.618 further down and we have the fib macro level of 0.618 on the weekly here if we include the wicks.
For now, I think the pattern also suggests both levels are relevant.
Averaging in here based on the weekly chart makes sense.
Regards,
S.SAri
another fib perspective
COTIUSDT Profit-Taking of 120% with a Strong Buying Case💎#COTIUSDT has recently displayed promising price dynamics, indicating the formation of a potential bottom at the psychological support level of $0.0400. Subsequently, the price surged above the long-term demand level at $0.0500, transforming it into a significant support-turned-resistance zone. This price area has garnered substantial interest from buyers, making it a focal point of market attention.
💎 As long as the price remains above $0.0500, #COTI presents an exceptionally attractive buying opportunity with considerable growth potential and a favorable risk-to-reward ratio. The profit potential exceeds the associated risk, with the possibility of achieving a 120% increase above the current demand zone. It is important to note that a complete bullish invalidation would only occur if the price breaches the psychological support at $0.0400.
💎 However, when considering profit-taking strategies, it is crucial to be aware of two significant resistance areas. The first notable resistance lies at $0.09, which coincides with the 50% Fibonacci retracement level and the downtrend trendline. The second resistance zone is characterized by a double Fibonacci resistance, aligning with the long-term supply area.
💎 The MCP team is closely monitoring #COTI, prepared to take action at the opportune moment. To stay up-to-date with our actual trades and benefit from exclusive insights, we invite you to subscribe to our VIP channel. Stay informed and seize the potential, Paradisers!
COTI Trade Setup: Capitalize on 40% Profit Potential with StrongCOTI Trade Setup: 40% Profit Potential on Coin with Strong Support
The COTI trade setup presents an opportunity to potentially capitalize on a 40% profit gain. COTI coin, known for its innovative blockchain technology and decentralized payment solutions, currently finds itself in a favorable position with strong support.
COTI's price chart indicates a significant level of support, suggesting that buyers are stepping in to prevent further price declines. This support acts as a cushion, providing a solid foundation for potential price appreciation.
Furthermore, COTI's recent performance and market sentiment are encouraging. The coin's underlying technology has garnered attention and recognition within the cryptocurrency community, making it an attractive investment choice.
Considering these factors, there is a strong possibility of witnessing a price surge in the near term. Traders and investors who seize this opportunity could potentially reap significant rewards, with a projected profit of 40% based on current market conditions.
However, it is important to exercise caution and conduct thorough analysis before making any trading decisions. Market conditions can change rapidly, and the value of any investment is subject to market volatility.
Remember to stay informed about COTI's developments, monitor market trends, and consider setting appropriate stop-loss orders to manage potential risks. Always ensure that your trading strategy aligns with your individual risk tolerance and investment goals.
Disclaimer: This description is for informational purposes only and should not be construed as financial advice. Trading cryptocurrencies involves risks, and it is essential to conduct your own research and consult with a financial advisor before making any investment decisions.
TRADE OF THE DAY | COTI | Looking like an easy 8.2% ShortTRADE OF THE DAY | COTI | Looking like an easy 8.2% Short
| TARGETS ON THE CHART |
Not a crazy complex trade set up here a key rejection from the 20 Daily EMA along with a strong bearish divergence showing with a conservative target to the most recent strong support. Fortunately the Stop lines up nicely with the most recent swing high too for a 1:1 R:R.