COTI/BTC Daily looking perfectBounced of the 185 ish resistance 3 times.
Macd crossing on the daily with a good looking rsi.
If btc breaks out we can retrace but overal looks propper!
COTIBTC
COTI/BTC (Potential Double Bottom?)COTI/BTC
-reached the 200s level but immediately bounce up
-there is the descending resist line at 250s area
-two bullish scenarios are what we are looking for
-1st is retesting the swing low and rally up to 250s
-second is to stay alive above 200s and break 235s
-tough challenge is to break above 250s
-closing above 250s will lead to further upside
COTI/BTC Good risk reward entry, upside expectedCoti had a steep retrace from the last weeks high op 317.
The 230ish area acts as support and i expect to see a move back to 250 soon.
COTIBTC Bullish Divergence| Local Resistance| Low VolumeEvening Trader’s
Today’s Technical Analysis – COTIBTC – trading at local support, a break of the 21 MA will further confirm a rally in to local resistance.
Points to consider,
- Local support holding
- Valid bullish divergence
- 21 MA current resistance
- RSI below 50
- Stochastics projected up
- Volume below average
COTIBTC is trading at local support forming a valid bullish divergence where an impulse move into local resistance is probable.
The 21 MA needs to break, current resistance, this will confirm further upside in the immediate term.
RSI is clearly diverging from price; break of its 50 level will change the immediate bias to bullish.
The Stochastics currently has stored momentum to the upside, currently no valid sell cross.
Volume is below average, an impulse is probable as this is a trade location.
Overall, in my opinion, COTIBTC needs further confirmation by breaking the 21 MA before a probable impulse move into local resistance as volume is below average.
What are your thoughts?
Please leave a like and comment,
And remember,
“The key to trading success is emotional discipline. If intelligence were the key, there would be a lot more people making money trading… I know this will sound like a cliche, but the single most important reason that people lose money in the financial markets is that they don’t cut their losses short.” – Victor Spreandeo
Double Bottom Possibility there is a possibility of forming a double bottom on the chart of BINANCE:COTIBTC , the neckline is around 268-270 which has overlap with 0.38 fibo level and a static resistance.
if the neckline breaks by a strong candle, we can open a buy order.
The target of this double bottom pattern is around 300.
COTI - Staking 2.0 will go live next weekCOTI Staking will go live next week on Kucoin and many other exchanges.
medium.com
COTI admins spoke about listing on other exchanges, lets see.
COTI will do well, have patience. Right now, it is rangebound, 250-260 range.
Publishing chart so that you guys can make decision over it before it explodes. No point in posting when it has already started.
COTI - Reversal?COTI has found support on fib .618 level and there is high chances that BTC will reverse from here.
If you enter, have tight stop loss, in case BTC drops further
COTI - Lets BounceWith all updates provided by the team for 2020, it seems it will be a really huge project to invest for shorter and longer term.
Price is supported by 200EMA and WRX, OGN, HBAR, COTI kind of move in tandem.
COTI Starting A New Uptrend? (88.98% Mapped)About COTI
COTI is an enterprise-grade FinTech platform that enables cross-chain interoperability and is built on its own DAG-based chain. It supports scalability and low transaction costs and is supplemented with payment-specific requirements in the form of COTI Pay, a digital payment solution. COTI Pay empowers enterprises and merchants to receive multiple payment methods and build their own payment networks and Coin as a Service (CaaS).
Source: Coinmarketcap.com
COTIBTC (COTI) hit a low back in early February, a strong bullish wave followed which produced up to 279% in gains, after a strong retrace we ended up with a higher low on the 24-March compared to Feb... This is a bullish signal, now prices are starting to move up...
If the buyers continue to show, we can expect COTIBTC to form a new uptrend.
This is not financial advice.
Namaste.
COTI is preparing for a moveFrom what I'm seeing on the daily and the 4-hour (as displayed above) we are forming a rounded bottom which could also turn into a Cup&Handle formation. In both cases it's a bullish signal and it's also supported by an inverted head & shoulders formation. All of this is pointing to an upcoming uptrend move... unless Bitcoin decides to do something sudden and sharp (either up of down move of Bitcoin will affect the alts so we always have to look out for this which can change this trajectory).
COTI/BTC (Bullish breakout: up to 40% profit)COTI/BTC
COTI broke to the upside of this bullish descending channel today,
now the price needs to hold this level or pullback to retest old resistance becoming to new support area.
The target to the upside is up to 310 sats and stop-loss below 199 sats area.
COTI - Alts may bounce so do COTICOTI erased all the gains which it made after listing on Binance.
Alts are capitulated due to BTC movement and now due to various government measure to boost economy, this is having a positive effect on the crypto as we saw today that BTC bounced after US Feds announced asset purchases with no limit to support markets.
Besides some scam pumps, there were no real bounce in alts. I guess alts will have a relief rally and I consider COTI to bounce from here.
Be safe and have tight stop loss since market is too volatile.
COTIBTC Falling Wedge| Low Volume | Retest of lows Evening Traders,
Today’s Technical Analysis will focus on COTIBTC, trading in a probable falling wedge looking to retest local lows.
Points to consider,
- Trend bearish
- Lower lows likely
- RSI showing signs of divergence
- Stochastics neutral
- Volume Clearly declining
COTI’s trend has put in consecutive lower highs after breaking the all-important 21 EMA. A lower low is likely as this will test structural support.
The RSI is putting in higher lows, will eventually form into a bullish divergence upon a retest of lows (green area). Stochastics is currently neutral with momentum stored in both directions.
Volume nodes are clearly declining; this signals a move being imminent in the near future.
Overall, in my opinion, COTI is likely to retrace back to local lows for a retest, which will put in a bullish divergence, increasing the probability of breaking bullish from this pattern formation.
What are your thoughts?
Please leave a like and comment,
And remember,
Timing, perseverance, and ten years of trying will eventually make you look like an overnight success. – Biz Stone
