Top Gainers: COTI +38%COTI/USDT Weekly and Daily Chart.
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What is COTI (COTI)?
COTI, an acronym for “currency of the internet” is a blockchain-based Directed Acyclic Graph (DAG). It aims to provide a platform and payments service that addresses the current issues faced in the mass adoption of blockchain.
The platform allows businesses and developers to create unique customized payment solutions and digitalize major currencies. It provides merchant-facing tools that bypass intermediaries with low costs, instant and simple payments, and simple processes.
COTI is the native cryptocurrency of the platform, it is available as an ERC20 or BEP2 standard token and also operates on the Trustchain network. COTI tokens can be converted between chains by using the COTI bridge. The COTI native token is used for transaction fees and other payments on the platform.
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We are not registered or licensed in any jurisdiction whatsoever to provide investing advice or anything of an advisory or consultancy nature.
and are therefore are unqualified to give investment recommendations.
Always do your own research and consult with a licensed investment professional before investing.
COTIUSDT
#COTI/USDT#COTI
Finally, we reached the upper limit of the downtrend channel
After a descending triangle since the beginning of the year
At the same time, we are close to breaching the 100 moving average
We have a large reversal pattern and it appears that the price is heading to break it
The price is expected to trade in an upward wave with price corrections
Current price 0.05300.
First target 0.08080.
Second goal 0.10670.
Third goal 0.13180.
With an oversold presence on the MACD
The Moving Average 100 breakout is close
COTIOur recent trade on COTI resulted in significant profits, prompting us to consider another accumulation for the upcoming bullish move. COTI continues to show promise in its potential trajectory.
However, it's important to note the ongoing market volatility, especially with the ETF news concerning BTC. Leveraged trading comes with high risk during such times! For COTI, we recommend spot trading and exiting if the current daily support is breached. Consider re-entry only when the support is reclaimed, as this could pave the way for a potential rise towards the 0.12 area.
Remember, your money and risk management are crucial in these volatile markets!
Wishing you successful trading endeavors!
COTI - starting a huge uptrend (1459% in 2024)Technical analysis
COTI is starting something huge. The downtrend is over, as you can see on the chart. COTI ended the downtrend with a descending parallel channel. A retest of the channel has already happened, so there is no reason to go down anymore. It is always important to take a look at the volume indicator, and as we can see, the bullish volume is very strong, so the whales are buying and you want to buy with them. 1459% profit is something that is very possible in 2024/2025, but if you do not want to wait a long time, use my profit target 1 and profit target 2.
What Is COTI?
COTI markets itself as the first enterprise-grade fintech platform that empowers organizations to build their own payment solutions as well as digitize any currency to save time as well as money.
COTI is one of the world’s first blockchain protocols that is optimized for decentralized payments and designed for use by merchants, governments, payment DApps and stablecoin issuers.
COTI Pay is the first application. It describes itself as a fully encompassing finance on the blockchain. The COTI Group launched in March of 2017, while the Staking Platform Launched on Jan. 1, 2020.
It is an ecosystem that is designed specifically to meet all of the challenges associated with traditional finance, including latency, fees, global inclusion and risks. This is done through the introduction of the DAG-based protocol as well as infrastructure that is completely scalable, private, inclusive and fast.
The ecosystem has DAG-based blockchain, proof-of-trust consensus algorithm, multiDAG, GTS (Global Trust System), a universal payment solution and a payment gateway.
COTI CHART ANALYSIS: HEAD AND SHOULDERS BREAKOUT?In this chart of BINANCE:COTIUSDT , observed a head and shoulders pattern and for the past 3-4 days, the price of COTI rose to more than 50%. As the thumbnail shows, the pattern had a breakout. Will it surge continuously, go sideways or maybe a reversal? I will provide updates on my full chart analysis in the threads below.
Happy trading to everyone and a Happy Chinese New Year :)
COTIUSDT.1DBased on the provided market data, the COTI/USDT pair is currently trading at 0.088 USDT.
On the 4-hour chart, the Relative Strength Index (RSI) is at 59.60, indicating a near neutral market. The Moving Average Convergence Divergence (MACD) is positive at 0.0080, suggesting a bullish trend. The Bollinger Bands (BB) are at 0.10, indicating a moderate level of price volatility. In terms of support and resistance levels, the first, second, and third support levels are at 0.081, 0.065, and 0.057 respectively, while the resistance levels are at 0.096, 0.10, and 0.1154 respectively.
On the daily chart, the RSI is relatively high at 71.46, which indicates overbought conditions and potential for a price pullback. The MACD is also positive at 0.0060, suggesting a continued bullish trend. The BB is at 0.10, indicating a moderate level of price volatility. The support levels are at 0.066, 0.054, and 0.044, while the resistance levels are at 0.12, 0.13, and 0.15.
On the 7-day chart, the RSI is also high at 70.14, indicating overbought conditions. The MACD is positive at 0.0038, suggesting a bullish trend. The BB is at 0.11, indicating a moderate level of price volatility. The support levels are at 0.054, 0.035, and 0.025, while the resistance levels are at 0.11, 0.128, and 0.135.
In summary, the COTI/USDT pair appears to be in a bullish trend across different time frames. However, the high RSI on the daily and 7-day charts suggests that the pair may be overbought, which could lead to a price correction in the near term. Therefore, potential investors may want to wait for a better entry point. As always, it's important to consider other factors and conduct a comprehensive analysis before making any investment decisions.
COTI ANALYSIS (4H)On the chart, from where we entered "START", we seem to see a correction.
This correction seems to be a diametric.
There was a suitable place for the termination of the D wave on the chart, which we marked with red color.
If the price reaches this range, you can enter a sell/short position.
We have specified the targets on the chart. We also specified the invalidation level. Closing a daily candle above this level will violate the analysis
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
COTI will be falling for several weeksThis COTI scenario is still valid in the bigger picture. (In the related analysis section, I have linked the previous analysis)
We have made the chart a little quieter. The F wave was hit. and the specified supply was cleared.
For the G wave, we have two TPs, which we have marked on the image.
The lower green box is a good place to buy COTI for a few months hold.
According to time rules in diametrics, At least this downward branch is expected to last until MAY 24
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
COTI/USDT Break out and valid retesting phase, Ready to UP?💎 COTI has been a standout in the market, having recently achieved a breakthrough past a crucial resistance area. This development could signify a shift to bullish momentum.
💎 Currently, COTI is in a retesting phase at what was previously a resistance zone, now serving as support. A robust bounce from this level could pave the way for a continued upward trajectory, probability with our next target being the bearish OB area.
💎 In this support zone, it's essential for COTI to show a strong recovery to sustain the upward movement and potentially reach new highs. If COTI fails to respond positively in this area, it could indicate a risk of breaking down below the support.
💎 Such a scenario would likely confirm a false breakout, potentially reversing COTI's trend towards a bearish movement. In this case, COTI might head towards the bullish OB area.
COTI/USDT Ready for a Potential Bull Rally? 👀🚀COTI Analysis 💎 Paradisers, direct your focus to COTIUSDT, which is showcasing a pivotal movement in the market. Positioned in a demand zone, COTI is setting up for what appears to be a bullish trend.
💎 Recently, COTI has been engaging with the internal supply level at $0.068, touching it for the third time before embarking on a downward path. Presently, COTI maintains its position above the trendline. Notably, despite facing significant rejections from the supply zone, COTI hasn’t fallen below its previous low, suggesting a strong likelihood of an upward shift.
💎 Nonetheless, given the fluid nature of the crypto market, COTI traders should brace themselves for a variety of outcomes. Should COTI falter in its bullish trajectory and slip below the current demand zone, a shift in market direction may be on the horizon. Traders may then need to pivot their focus, eyeing a potential bullish recovery from the support level of $0.054.
💎 Crucially, if COTI breaks below this secondary demand level, it would call for an urgent reevaluation. Such a development might indicate challenges in sustaining the bullish trend, necessitating a strategic reassessment and adjustment of trading methods.
💎 Stay sharp and tactically proficient. Your ParadiseTeam is here to steer you through these market changes and equip you with the insights needed for effective and knowledgeable trading choices.
COTI/USDT Break the Consolidation phase. Upward Momentum ??💎 COTI has certainly captured the market's attention. Recently, COTI demonstrated a breakout from the resistance of its consolidation phase. Analyzing the chart, it's evident that COTI hasn't undergone a retest yet.
💎 There's potential for COTI to retest the area that previously acted as resistance, now serving as support, before resuming its upward trajectory and the probability easily reach our target is supply and bearish OB zone
💎 On the downside, if COTI retraces to the support zone but fails to hold its position, it could indicate a bearish turn. Such a scenario would mirror its previous false breakout. In this case, COTI might be on a path to revisit the more robust support level below.
COTI ANALYSIS (1D)We are inside a large diametric, where the E wave itself is a twisted diametric. We are now in wave f of E. We expect the fluctuations plotted on the image from COTI
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
finally coti breaking out seems like coti has already bottomed out and finally looks juicy for midterm
breaking falling wedge in 3 days timeframe expecting successful breakout incase of successful breakout expecting solid recovery towards 0.20$ in midterm
keep eyes on that and keep risk under control
COTI/USDT Break Key Level, Bullish Momentum or false breakout? 💎 COTI has certainly piqued our interest. Having broken through a formidable resistance zone, COTI showcases potential bullish momentum, especially after spending 52 days in a sideways pattern within that range.
💎 Currently, COTI is in a retesting phase post its breakout from the strong resistance. A bounce in this region would pave the way for a continued upward trajectory.
💎 However, should COTI fail to maintain its position and close below the resistance zone, it might indicate a false breakout. In such a scenario, COTI could descend towards the nearby demand at $0.0415.
💎 A bounce at this point might lead to an upward retest of the resistance due to the false breakout, only to potentially decline again towards the demand at $0.039 or even approach the robust support zone.
COTI / COTIUSDTGOOD LUCK>>>
• Warning •
Any deal I share does not mean that I am forcing you to enter into it, you enter in with your full risk, because I'll not gain any profits with you in the end.
The risk management of the position must comply with the stop loss.
(I am not sharing financial or investment advice, you should do your own research for your money.)
COTI ANALYSIS (1D)Hi, dear traders. how are you ? For a long time, the COTI symbol has been falling with an almost steep slope, and it has become difficult for some traders to predict its direction.
In this analysis, I have tried to predict the future path of COTI as much as possible with a quiet chart.
By checking the chart and wave counter, I realized that we are in a diamond diametric correction pattern.
On the chart, where it says "Start of correction" is the point where our diametric diamond started.
Looking at the branches, it looks like we are now in wave E of this diametric.
By hitting the green area, we expect the E wave of this diametric to end and we enter the rising F wave of this diametric.
Here is the path I envision for COTI on the current data, on the daily time frame.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
COTI Coin is considered a security by the SECRecently, the U.S. Securities and Exchange Commission (SEC) classified COTI (COTI Coin) as a security. This means that COTI, the native cryptocurrency of the COTI network, is now subject to securities regulations and requirements imposed by the SEC.
The decision to categorize COTI as a security by the SEC signifies that it is considered an investment contract, representing ownership or participation in the COTI project or platform. Consequently, COTI will need to comply with applicable securities laws, which may include registration, reporting, and other regulatory obligations.
This classification by the SEC highlights the increasing attention and oversight of cryptocurrencies, particularly those that possess features resembling traditional securities. Companies and individuals involved in the cryptocurrency industry must remain informed about regulatory developments and ensure compliance with relevant laws to operate within the bounds of the law.
My price target for COTI is the next strong support, $0.038.
Looking forward to read your opinion about it!
COTI formed bullish Shark for the next pumpHi dear friends, hope you are well and welcome to another new trade setup of COTI coin with US Dollar pair.
Our last successful trade of COTI was the below one, which was almost 60% pump:
Now on a 4-hr time frame, COTI has formed a bullish Shark for the next bullish reversal.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.