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COTIBTC

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.
Long
by bloke_capital
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
Long
by The_Alchemist_Trader_