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COTI / TetherUS PERPETUAL CONTRACT

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COTIUSDT.P trade ideas

Bullish ascending triangle for COTIAscending triangles are often called continuation patterns since the price will typically breakout in the same direction as the trend that was in place just prior to the triangle forming. COTI is showing a uptrend within this triangle. The EMA 55/100/200 are coming down. I expect that the EMA 21 will cross these EMA's, causing some nice moves to the upside! With all the upcoming events at the end of June, I expect a upwards movement upwards, breaking the restistance level as indicated. PT1: $0.50 (FIB 0.786) PT2: $0.60 (FIB 1.0) PT3: $0.87 (FIB 1.618) PT4: $1.32 (FIB 2.618) PT5: $1.77 (FIB 3.618) All targets are based on the Fibonacci levels from my previous idea.
Long
by DWK_96
1
COTI - Daily - "Wait For Market To Relax"Click Here🖱️ and scroll down👇 for the technicals, fundamentals and more behind this trade!!! ________________________________________________________ ________________________________________________________ ////////////////////////////////////////////////////////////////// ///////👍✋Not financial advice, do your own due diligence ✋👍//////// ///////////////////////////////////////////////////////////////// ➡️Technical Standpoint⬅️ 1.) Rejected four times at the 2.618 FIB. A hold above this area would allow for the next leg up. 2.) Retested the LR a few times, but ultimately broke down below it due to widespread market volatility. Allow for at least a LR retest of 2-3 times to determine if the market sentiment has flipped bearish for this ticker. 3.) Ticker is currently in a gray area. ➡️Fundamental Standpoint⬅️ 1.) COTI runs heavy on news, but with regards to significance, their mainnet scheduled to occur in Q2 takes the spotlight. ➡️Current Season⬅️ - Altseason / 118 Days - Also a slight % increase on Bitcoin dominance. ////////////////////////////////// //////Indicator Legacy/Meaning////// ////////////////////////////////// ✨ Linear Regression Line( LR ): is the green/red worm-like line. ✨ TD Sequential (TDS): tradetrekker.wordpress.com ✨ Social Activity Indicator(SA): - Based on trader sentiment. The indicator will provide either a Strong Interest, Neutral/Some Interest, or No Interest signal. - Lime background = spike in interest. - Yellow background = drop in interest. - Fuchsia Circles = Clustering of circles on the lower end of the spectrum means consolidation. ////////////////////////////////// ///🎉🎉🎉Before You Go🎉🎉🎉/// ////////////////////////////////// Leave a like👍 and/or comment💬. We appreciate and value everyone's feedback. ""Keeping it short and sweet as always."" - assetsandcoffee📈☕
by assetsandcoffee