Are we continuing consolidation?COTI is at the interface of three different scenarios.
We are currently on the edge of a large green zone, where, as we can see, there is a strong fight between bears and bulls.
On the 1D graph, we see a growing trend from the beginning, which has been confirmed several times (red dashed line). If the bulls do not defend the line, we will go to confirm either the orange or one of the lower pink lines.
The declining trend was confirmed several times (green declining band). If COTI crosses this zone and confirms the red line again, a short-term increase will follow, confirming consolidation and the price should not fall in the near future (unless there is a "Black Friday" for cryptocurrencies).
Rather, I see this towards the orange line, where consolidation would continue and the value would be reflected along the orange line until the consolidation phase was completed and a subsequent price increase occurred.
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