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COTIUSDT

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 Moon MissionCOTI is a fundamentally strong coin that is currently 79% down from its ATH. Being a part of Cardano's Critical Infrastructure, COTI aims to be the payment system for the unbanked. With ADA Pay integration with Wolfram's NFT, incoming bank accounts, and since the token's generated within Cardano would have the same properties as ADA, it's not only ADA Pay that is possible. FYI, COTI is typically correlated with ADA, and ADA recovers pretty fast as soon as the bull market starts. DYOR. Chill and accumulate. Goodluck!
Long
by KVN7
1
COTIUSDT Small AnalysisHello, traders! Most of us asked me today to analyze Coti. Here you are. I hope you’ll enjoy my thoughts. Well, have a look at the chart. As you can see both on daily and weekly chart price is at the end of the cycle. That’s why it’s a good opportunity to earn some money. As we see on the daily chart, price is near the weekly pivot and the triangle will be broken up soon. I’m completely sure that it’ll go up with high probability of blowing up. I mean it, guys. The most pretty nice info the weekly chart gives. The previous price action looks like the first part of Elliott cycle. If it’s true, but I’m sure it is, it’ll blow very soon. So, I plotted the long opportunity on the chart. I hope, you are making your own analysis besides using my. I remember you, that it’s deadly important to get huge profits and boost your own trading skills. That’s why, don’t just follow my thoughts blindly. Analyze, think, and will gain success. Have a profitable day, traders! DISCLAMER: Information is provided only for educational purposes. Do your own study before taking any actions or decisions at the real market.
Long
by Skyrexio
2
COTI - Potential Bullish Reversal!Hello everyone, if you like the idea, do not forget to support with a like and follow. COTI is sitting around strong daily demand in green so we will be looking for buy setups. on H4: COTI formed a valid channel in red but it is not ready to go yet. Before we buy, we want the buyers to prove that they are taking over again. You don't want to buy a bearish market right? Trigger => Waiting for a momentum candle close above the last swing high (in gray) to buy. We have two possible scenarios here, highlighted by the two projections in orange or purple. and the orange projection would result in a stronger setup. Meanwhile, until the buy is activated, COTI would be overall bearish can still trade lower. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
Long
by TheSignalyst
20