Excellent R/R on $COTIBreak of a longterm down trend line and close above resistance. Price is now coiling above support with clear skies above.
Targeting fib extension levels.
COTIBTC trade ideas
COTI primed to make a move (vs BTC)COTI has been overall bearish since setting ATH in late March. Tried to rebound on 4/21, but was sharply rejected and sent down below 21/50 MAs where it has lived since. Price is wedging and a symmetrical triangle is forming with daily downtrend (continuation pattern).
Just based on the chart alone, I would not be surprised to see a pump, rejection, and to follow a similar pattern to the start of the downtrend after ATH (drawn circle, bar pattern) ultimately continuing the downtrend. However, if the altcoin market pumps -- or we hear more fundamental news like the ADA partnership -- this could be propelled out of the downtrend on the coattails of the rest of the market.
Personally, I am bullish on the altcoin market in the short term, so I do expect it do break out of the downtrend anecdotally, but the chart disagrees. Good one to watch.
Update: noticed a bullish divergence on the RSI shortly after posting, see additional image.
COTI Falling WedgeCOTI is forming a falling wedge and it seems to reach its local bottom. Short to mid term upside is 90%. Patience is key.
COTIBTC - Long - Potential 16.74%COTIBTC - Long - Potential 16.74%
Exchanges: Binance
Signal Type: Regular (Long)
Entry Zone:
0.00000570 - 0.00000598
Take-Profit Targets:
1) 0.00000638
2) 0.00000694
Stop Targets:
1) 0.00000538
Trailing Configuration:
Entry: Percentage (0.0%)
New COTI update.. It'll explode !!Fundamentals are coming strong as usual for #cotibtc pair ! Adapay, visa debit card, new listing on Huobi and more events are coming in the few next days, which will lead coti's price literally to the moon sooner than you think .. Vertical chart is coming ... The opportunity to buy coti is still there, don't miss it ...
This is not a financial advice, do your own analysis !!!!!!!!!
Coti - Confident bounce amid BTC volatilityThis chart will not be pertinent much longer IMO. COTi wants price discovery and I have a feeling it’s not coming back for anything other than short retests for the remainder of 2021
COTIBTC💱 Buy #COTI/BTC
💹 Market: Binance
❇️ Buy Price: ~0.00000767
☑️ Sell Price: 0.00000778 (+1.5%)
⛔️ Stop Loss: 0.00000751 (-2%)
COTI/BTC 414% pure Profit update and exit point is here#COTI/BTC Profit Update:-
#COTI/BTC currently trading at 728 Satoshi and I also told you to book profit at 800+
And COTI went upto 952 Satoshi which is 414% pure profit from our entry level.
So
Entry:- 170 Satoshi ✅
Targets:-
TP1:- 310 Satoshi ✅
TP2:- 393 Satoshi ✅
TP3:- 527 Satoshi ✅
TP4:- 767 Satoshi ✅
Moon :- 950 Satoshi ✅
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Next steps for Coti - March 15th 2021 - The road to 1B MarketCapClear daily support level as indicated on the chart. These next three levels will be tough especially from 840 to 1K+ sats. Above 840 is price discovery however the psychological 1K sats level will be pertinent IMO as well. A confident retest of 840 and then 1K sats level and there's nothing but air - Mars is the limit. Coti is a 1 Billion + market cap network by end of Q2 2021.
1. 636 - 800 sats no problem.
2. Retest and S/R flip 775.
3. 775 - 840+ is going to be wild.
etc... BINANCE:COTIBTC
(All of this is VOID with anything over 10-12% Volatility from the Majors)
COTI Price DiscoveryCOTI is forming a huge cup and handle pattern and it seems to had reach its bottom after the correction. 4H time frame MacD is crossing upwards and RSI is pushing to 50. Upside up to 50% or downside could be 19% or more. It would be safe to set a stop loss at .00000550 sats.
This is a project with strong fundamentals and there are exciting news that are yet to be announced. DYOR and goodluck!
