Get started

COTIUSD

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
COTI Big News Coming, Breakout will lead to new all-time highCOTI is forming a symmetric triangle and on the edge of a breakout. COTI is the same project as PayPal/Alipay but with blockchain power and minimum fee. There is a lot of developments and partnerships going on. The COTI team is working on the adoption of the COTI pay. COTI has very big news coming in second-quarter incldu\ing the mainnet launch, debit cards, and iOS app launch. Buy Zone: $0.35 - $0.365 Target: $0.395 - $0.443 - $0.496 - $0.557 - $0.612 - $0.673 - $0.736 - $0.798 - $0.88 - $0.974
Long
by Bitcoinik
2
COTI/USDT is forming a bullish pattern!Hi every one COTI / TETHERUS COTI/USDT is trying to form a falling wedge which is not a bad thing for bulls! as you know after the break out of falling wedge pattern happens, the price can reach the top of the wedge once again! (It's strongest resistance) just wait for the break out to happen. Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad. Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!! Thank you for seeing idea . Have a nice day and Good luck
Long
by CobraVanguard
17