COTIUSD
COTI/BTC (Sitting at Key Support Area?)COTI/BTC
-The price has dropped -34% from the High 548 sat
-But it doesn't mean the uptrend is over
-Currently, COTI is approaching key support area
-The range 350-320 is a confluence of ascending trendline and previous support/resistance
-If the 320-350 will hold for the next 7 days or so
-Buyers will start looking for possible Swing Higher Low trade idea
-There is huge upside potential provided no catalyst event will happen in the future
-Reminder: Traders and Investors
-Please use proper risk management
-Do not go all-in
COTI/BTC (Bullish Pattern?)COTI/BTC
-Reacted strongly at 50MA and ascending trendline support
-Currently holding strong despite other Altcoins are dumping
-We can see a Bullish triangle pattern
-Only a break to the upside is the confirmation
-I suggest entering only on confirmation or retest of new support
-Upside target is up to 689-781 sat range
-Bearish side, a candle body close below the trendline support
-Invalidating my Bullish bias in the midterm
#COTI/BTC Looks Extremely Bullish. C&H + INVERSE H&SWelcome to this quick altcoins setup guys.
COTI/BTC is trading around 255 to 257 while I am writing this update which is a very a very strong support.
Why am I bullish on this chart?
Bullish breakout of the Cup and Hassle formation at the bottom of the chart.
Inverse Head and Shoulders in formation which adds up to the Bullishness of this chart.
The only small resistance is 276 if it breaks we can easily see it reaching 341 sats.
GOLDEN CROSS: When 5OD MA crosses over the 200 D MA in HTF. 8 hour is considerably a HTF chart.
ENTRY:
254 to 256
TARGETS:
307
326
365
392
422
Sl: 227
FUNDAMENTALS:
Very strong fundamentals throughout the next 2 quarters.
An additional node will be added to the MainNet on July 1st, 2020.
They will be launching their COTI PAY Debit card and you do remember what happened to the price of MCO when their Debit card was launched it exploded 100% in a month. Yes!
So BUY this (DYOR) and IMO hold till the end of December. I am adding this coin to my portfolio for the next few months.
Thanks for coming by to this chart, Do. Hit the like button if you find this update useful.
Thanks
Stay safe
#PEACE
COTI/BTC (Retest Old Resist > New Support?)COTI/BTC
-the flat area of resistance has been broken
-and the price started pulling back for a potential retest
-COTI will try to flip old resistance to turning new support
-you can enter a buy position if buyers started re-entering
-the upside potential is the swing top at 450 sat
-stoploss is placed under green box support
COTI/BTC 36% up from our entry still upward trend#COTI/BTC Profit Update:-
#COTI now trading at around 290 Satoshi.
And our entry was 215 Satoshi
And Re entry was 230 Satoshi.
So
From 1st entry = 36% Profit
From 2nd Entry= 27% Profit
Enjoy guys with Profit.
But still i am very Bullish in mid term.
But If you are Short term Investor then secure profit.
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Thank you.
COTI/BTC (Retest Trendline Resistance)COTI/BTC
-currently testing to break the descending trendline resistance
-if we see a break/close above it
-it would trigger a potential trend reversal
-you can enter the break/close
-or wait for the retest of trendline > new support
-upside target is up to 422s or higher