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COTIUSD

COTI breaking outCOTIBTC is coming out of a huge and massive consolidation. It's about to make new highs vs BTC and it is definitely making some very significant higher closes. Actually vs BTC it is looking like something between a slow & steady uptrend, and a huge accumulation. First target for a correction are its USD and BTC ATHs, but once it chops a bit around those levels and breaks out, it could easily double or triple from here slowly. Both vs USD and BTC it is looking very nice, clean and strong. Nothing in the chart is telling me things are frothy and more upside will eventually come despite what might happen to the rest of the market in case there is crash because of stocks going down. I truly felt that I had mentioned COTI on Tradingview, but it appears I only did so on twitter or with people I chat with... Really had thought I shared a lot on it especially after the listing on Coinbase and Huobi, which in my opinion are definitely two major catalysts Coti needed to moon. It's fundamentals overall are decent and could keep improving, which is another reason why I like it.
Long
by BitcoinMacro
2
COTIUSD Showing Bullish EnergyI am posting this based on a request from a follower. Though COTI had a perfect cup and handle formed, the market leverage explosion killed it (for now). Bullish energy continues, and while it does, I expect the asset to hit the above targets after some consolidation. I have also noted a stop loss on the chart as well. The chart has all of the information you need regarding this. The highest target was calculated by the cup and handle. This will take time top unfold, be patient.
BINANCE:COTIUSDLong
by mysticalwalrus
27
COTI - BIG DESCENDING BROADENING WEDGEAfter the big drop on 8th March, Coti has been moving in a downtrend making the Lower High and Lower Low all the while forming a BIG DESCENDING BROADENING WEDGE along with it which normally gives upside breakout. Right now, it has to face the resistance of 200-Day EMA (in green) and if it manages to close above it, in addition, take support over it then we might see it knocking at the doors of final resistance,i.e, the downward trendline of the DESCENDING BROADENING WEDGE and move to higher levels as mentioned on the chart (in green). However, failure in doing so can reject the price from there back to the lower levels (in red). Both, resistance and support levels are mentioned in green and red, respectively. DYOR.
by Wolf_Of_Alt_Street
COTIUSDT DESCENDING CHANNELCoti had a tremendous rise from the support level(lower low) of the descending channel to the resistance level(lower high) of the channel. Coti looks vulnerable to rejection but before taking a long position, wait for a breakout at $3.6 with a valid retest. If price fails to break, you can take a short position to the key support level. Your likes and opinions would be much appreciated, you can follow up for more helpful contents and do follow my comment sections too for quick updates.
Short
by Pearl-A
COTI + 550%, 1:10 R:R, Looking BullishI've been hearing about COTI for a fair while now but my focus has been elsewhere. Now that I take a closer look, I wish I had paid attention sooner! If you are bullish on the Cardano ecosystem, this might be one to look into as they seem to have some close ties to ADA. COTI has had an amazing run since the COVID lows achieving a 20x but it looks like there could still be some gas left in the tank. Key points: Appears to be in the 3rd wave of the Elliott count Large drawdown of 51% to invalidation so position sizing is important Upside to 3rd wave target is 550% giving an excellent Risk:Reward of 1:10 3rd wave target $1.34 4th wave entry $0.30 5th wave target $3.23 Invalidation at $0.098 Never Trust. Verify. D.Y.O.R. Not Financial Advice Just an Observation. Technical Analysis is not about being right, it's about increasing your odds. Be prepared to be wrong. Risk management is key . Capital preservation above all else.
Long
by TribeWriter666
10