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COTI / TetherUS

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COTIUSDT trade ideas

COTI LONG TERM BULLISH REVERSALHello Traders and everyone, I am Hadi Karaali, Known as SNIPERS_FX If you like the idea, do not forget to support with a like and follow. COTI FROM A LONG-TERM PERSPECTIVE! As we can see price got stuck inside this big range market However, price now is around a strong support zone , where we will be looking for a long-term bullish movement. For the bulls to kick in from a long-term perspective we need a break above the upper bound of the range which is a major swing high then we will be speculating bullish reversal and a further movement higher would be expected till the upper resistance zone If you like this kind of analysis don't forget to like and follow and as usual follow your trading plan and manage your risk. Be patient and good luck!
Long
by Hadi_karaali
2
COTIUSDT is inside a descending channelThe technical analysis of the price chart shows that the pair is currently trading inside a descending channel. The descending channel is a bearish pattern that suggests a potential continuation of the current downtrend. Moreover, the pair has recently lost the daily support at 0.095$, which could trigger selling pressure in the market. The loss of support may lead to a further price decrease towards the demand zone at the 0.07$ area. The demand zone is the area where buyers are expected to be active and could potentially stop the downward trend. Traders are waiting for a breakout of the descending channel and a retest of the key level for a new long position. According to Plancton's rules, traders may consider entering a new long position once the breakout and retest occur. This means buying COTIUSDT with the expectation that the price will increase. ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <= 1h structure. Follow the Shrimp 🦐
by InkyGrip
7
COTI LONG TERM BULLISH REVERSALHello Traders and everyone, I am Hadi Karaali, Known as SNIPERS_FX If you like the idea, do not forget to support with a like and follow. COTI FROM A LONG-TERM PERSPECTIVE! As we can see price got stuck inside this big range market However, price now is around a strong support zone, where we will be looking for a long-term bullish movement. For the bulls to kick in from a long-term perspective we need a break above the upper bound of the range which is a major swing high then we will be speculating bullish reversal and a further movement higher would be expected till the upper resistance zone If you like this kind of analysis don't forget to like and follow and as usual follow your trading plan and manage your risk. Be patient and good luck!
Long
by Hadi_karaali
COTI / USDT 1D CHART - Resistance and SupportHello everyone, I invite you to review the COTI chart on a one-day interval. As we can see, the price failed to break the ongoing downtrend channel. Let's start by marking the price support spots and we see that we first have support at $0.098, but if the price goes lower then we have another support at $0.089, then at $0.08, then we have a strong support zone from $0.067 to $0.05. Looking the other way, we can similarly determine the places of resistance that the price has to face. And here we see that the price is currently moving towards the $0.11 to $0.12 resistance zone. We continue to have a strong resistance at $0.15, once the price breaks it it will move towards the resistance at $0.20. The CHOP index indicates that we have a lot of energy for the next move, the MACD indicates that we are on the verge of entering an uptrend, while the RSI, after the last recovery, returns to the upper part of the range.
by cryptodailyuk