Cotiusdtsignal
COTIUSDT Critical Moment Approaching – Will We See a Breakout?Yello, Paradisers! Are you ready for what could be a decisive move in #COTIUSDT? Let's dive into analysis.
💎We're seeing #COTI signs that a potential breakout may be on the horizon, and if it happens, we could be looking at a significant upward push toward our major resistance target.
💎However, there’s always the other side of the coin. If #COTI fails to break out of this current pattern, we could see the price drop back to test the $0.067 support level once again. This area has been tested multiple times, and each time, it has responded with a strong rebound and a fast recovery.
💎But here's the concern—if COTI fails to rebound after retesting this zone, it could signal a bearish move, with the next stop being the **major support at $0.05277.
💎For COTI to maintain its upward momentum, it needs to recover and reclaim the $0.067 support area. As per my analysis, the bullish outlook remains valid as long as the daily candle stays above this level. A close below that critical support would **invalidate** the bullish scenario, opening the door for further downward movement.
Remember, staying disciplined and following clear strategies are essential in these volatile times.
MyCryptoParadise
iFeel the success🌴
Is COTIUSDT About to Explode or Collapse? Read Now to Find Out!Yello, Paradisers! Have you been following #COTIUSDT's recent moves? Let's dive in.
💎#COTI has successfully reclaimed its support level, signaling bullish momentum. Currently, the price sits on this support after a failed breakout attempt of the descending resistance. A rebound at this support level is crucial. If COTI breaks out of the descending resistance, we could see a significant upward move toward our target resistance area.
💎However, if COTI fails to bounce and breaks down from the support area, the price may revisit the demand zone. This zone has large buy orders, and a hit here could lead to a significant rebound back upwards.
💎If COTI fails to sustain above the order block (OB) area of 0.65, a breakdown would invalidate the bullish outlook, potentially signaling a bearish trend with the price moving further downward and dipping.
If you want to be consistently profitable, you need to be extremely patient and always wait only for the best, highest probability trading opportunities.
MyCryptoParadise
iFeel the success🌴
COTI/USDT Shows a good sign for bouncing and back to upward!💎 The recent market dynamics surrounding #COTI have indeed been quite notable. Currently, COTI is positioned on the support area, and there are indications of bullish momentum with a rejection bullish candle.
💎 This suggests potential for a bounce from the support and a resumption of upward movement. There's a possibility that COTI will continue its upward trajectory, potentially reaching our target at the strong resistance area.
💎 However, if COTI fails to maintain the support or execute a successful bounce, it could signify a loss of momentum. In such a scenario, a breakdown below the support level may occur. If this happens, it would confirm a return to bearish sentiment and could lead to continued downward movement.
💎 Therefore, it's crucial to monitor COTI's behavior around the support area closely to assess whether the bullish momentum will be sustained or if a bearish trend reversal is imminent.
MyCryptoParadise
iFeel the success🌴
COTI/USDT Showing a bouncing, bullish momentum for back to up?💎 Paradisers, #COTI has recently exhibited notable market dynamics, particularly with a bounce from the support area.
💎 Historically, when COTI hits this support level, it tends to sustain and rebound, suggesting a similar pattern may unfold now. There's potential for the price to test the strong resistance area if this pattern continues.
💎 However, a breakdown below the support area could signify a bearish trend, leading to further downward movement towards the $0.11 support level.
💎 It's crucial for COTI to bounce from the support and reclaim the price above it. Failure to do so could result in continued downward movement.
MyCryptoParadise
iFeel the success🌴
COTI/USDT Break alert!!! Ready for continue upward after retest!💎 COTI has recently undergone significant market dynamics. After breaking out of a major descending channel, it is currently in the process of a retesting phase at the trendline, coinciding with the demand area that was previously the supply zone.
💎 If this retesting phase proves successful, indicated by a bounce in price, Probability we may witness a substantial upward movement toward our target strong resistance area.
💎 However, if during the retesting phase at the demand area, COTI fails to show a favorable response such as a bounce or bullish candle rejection, it could signify a false breakout.
💎 In such a scenario, COTI may revert into the descending channel, leading to a downward trajectory towards the support level, or potentially even lower.
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 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/USDT making the falling wedge pattern!!Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities.
Do consider following me for the latest updates and Long /Short calls on almost every exchange.
I post short mid and long-term trade setups too.
Let’s get to the chart!
I have tried my best to bring the best possible outcome in this chart, Do not consider it as financial advice.
COTI/USDT MAKE THIS FALLING WEDGE PATTERN WE EXPECT SOME GOOD BOUNCE AFTER THE BREAKOUT.
ENTRY: CMP and add more up to $0.094
SELL- 100%
STOP LOSS: $0.08
This chart is likely to help you in making better trade decisions, if it did do consider upvoting this chart.
Would also love to know your charts and views in the comment section.
Thank you