COTIUSDT trade ideas
COTI / USDT 4H CHART - Targets and Stoploss!Hello everyone, let's look at the 4H COTI to USDT chart as you can see that the price is moving below the local downtrend line.
Let's start by setting goals for the near future that we can take into account:
T1 = $0.0686
T2 = $0.06943
T3 = $0.07013
T4 = $0.07077
and
T5 = $0.07176
Now let's move on to the stop loss in case the market goes down further:
SL1 = $0.0675
SL2 = $0.06638
and
SL3 = $0.06494
Looking at the CHOP indicator, we see that the energy is gathering more and more strength on the 4H interval, while the MACD indicator indicates a local downtrend. It is also worth adding that we have a rebound on the RSI.
COTI USDT at Binance -ChartType KAGI - Update from 6-12-2022Where do you think we are going with COTIUSDT? Are we Going to DOWN? Or are we Going to UPSTAIRS?
DOWNSTAIRS value cames sooner than expected.
The bottom RED trend line has been adjusted. The moment of the crossing at the question marks will determine where it goes. What do you expect?
Updated from:
:https://www.tradingview.com/i/8fOLUP23/
COTI going to $0.30 or $0.70??COTI coming to a decision point pretty soon. If my pattern of Descending triangle is correct it will be going to either $0.30 or $0.70. The Descending Triangle is normally a bearish pattern, however I believe it has been consolidating and will break out upwards to new ATH. It is holding that bottom support very well and for quite a while now. Currently at a great buy opportunity for a tight stop loss in case it does break downwards. If that happens I expect a pull back to about $0.30 area where it sat for a good amount of time before breaking up.
COTI SHORT SETUPHello, dear traders. how are you ? Today we have a setup to SELL/SHORT the COTI symbol.
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 | Descending Channel Formation..!!
#COTI is forming Descending Channel Pattern in Daily timeframe..
Seems like Bottomed out & Ready for Historical Breakout So Keep an eye on it.
In Case of Breakout, Expecting +160-180% Bullish Wave in Midterm.
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Thanks for Your Love & Support..!!
COTI can hit 0.14xx area soon - risky tradeAs we can see in the chart, price is holding quite nicely above white MA which is very good sign. If the price breaks up the orange MA, then there is a high probability that red MA (200) on daily can be our target.
BTC must stay without deeper drop. This is quite risky so have SL placed.
MANAGE YOUR RISK