COTI 1D Wanted a price of $2.20, but it could be $0.23Today we will consider the trading pair COTIUSDT
They say that the COTI project has great prospects, because it is an ecosystem designed specifically to solve problems associated with traditional financial services. The COTI platform helps structures and organizations save time and money, solving issues such as the digitization of any currency or the creation of a payment system and others.
Whether it's true or not, it's up to you to decide, we are used to trading what we see on the chart.
On the chart of COTIUSDT we see not a confident update of the absolute maximum of the price. And all this growth was associate with the signing of an agreement on cooperation with Adapay or not?. But it has not been launched yet, and it is not known whether it will be launched in time, but the price behavior on the chart will tell us everything in time).
For a confident long it is necessary that COTIUSD price will not fall below the area of $0.45-0.55 . Under these conditions, the way will be opened for the growth up to $0.90 to begin with.
Then there may be a consolidation, which we will have to analyze separately what will happen in it.
If all cards will converge, and news background will be cracking from the positive, the cost of a coin COTI quietly can grow to the range of $ 1.90-2.20
If you see weakness in COTIUSDT pair, you will see that buyers barely keep it in the range of $0.45-0.55 — run away from it, because lower, the level of $0.24-0.25 will draw price with a magnet
_____________________
Since 2016 , we have been analyzing and trading the cryptocurrency market.
We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer — help us to be happier :)
Cotitechnicalanalysis
COTI 4H - Hidden Bullish Divergence in sightCOTI 4H Chart shows hidden bullish divergence from my view (see lines for price and RSI). Also there is an ascending triangle formation with a possible breakout target bringing the price to the 1.618 fib.
This may be dependent on BTC staying flat or moving up.
What are your thoughts? Comment below, hit the like and follow me. Thank you!
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk #bitcoin #altcoins
COTI / USDT Might go into $10, Wave analysis.Coti aims to create a "finance on the blockchain" ecosystem to address traditional finance's problems, such as excessive fees, latency, and lack of global scale.
Coti accomplishes this by introducing a new sort of DAG-based blockchain architecture that uses the Proof of Trust consensus method.
The multiDAG structure of Coti allows independent DAG clusters to be combined into the larger Coti network. This enables businesses to use the Coti network to create their own tokens (such as stablecoins).
COTI's price appears to be bullish, as it is currently trading near the resistance of the (1)-wave, and we could see a significant rally for this company. This analysis should be correct if the Bitcoin price remains bullish, but things can change quickly. So be cautious and take a low-risk position.
COTI / USDTCOTI / USDT: Technically, we are still in the downtrend here.
Coti just had some positive news, and looks like the project is developing pretty fast: with the debit cards, partnership with Cardano (ADA Pay) and so on.
However, after the previous massive move, correction is still in place.
We need to make sure we have really broken out of the trendline and the down trend is over.
Fundamentally, I think this project has good potential, medium market cap and nice partnerships on the horizon.
Happy trading everyone! And please, always dyor :)