COTIUSDT trade ideas
Day trade - COTI showing interesting trendsHello trading friends,
This is a small trend view for COTI, which could show coming time interesting trends.
There is not always a reason to enter markets directly, this is a view to check for possible setups.
- we will see coming time with a time frame or this coin will get a confirmation for further uptrend.
Have a great day.
Coti can start a big move from this supportBig up channel:
On a weekly time frame, Coti is moving in a long-term up channel.
Every time Coti reaches the support it breaks out the resistance and starts a big move.
The Stochastic on the weekly time frame is extremely oversold and every time stochastic enters the oversold zone while the priceline hits the support Coti starts massive move at least up to the resistance of the channel.
This time we can expect such a move again.
There is also 100 weekly simple moving average support below the channel's support.
COTI 1D Wanted a price of $2.20, but it could be $0.23Today we will consider the trading pair COTIUSDT
They say that the COTI project has great prospects, because it is an ecosystem designed specifically to solve problems associated with traditional financial services. The COTI platform helps structures and organizations save time and money, solving issues such as the digitization of any currency or the creation of a payment system and others.
Whether it's true or not, it's up to you to decide, we are used to trading what we see on the chart.
On the chart of COTIUSDT we see not a confident update of the absolute maximum of the price. And all this growth was associate with the signing of an agreement on cooperation with Adapay or not?. But it has not been launched yet, and it is not known whether it will be launched in time, but the price behavior on the chart will tell us everything in time).
For a confident long it is necessary that COTIUSD price will not fall below the area of $0.45-0.55 . Under these conditions, the way will be opened for the growth up to $0.90 to begin with.
Then there may be a consolidation, which we will have to analyze separately what will happen in it.
If all cards will converge, and news background will be cracking from the positive, the cost of a coin COTI quietly can grow to the range of $ 1.90-2.20
If you see weakness in COTIUSDT pair, you will see that buyers barely keep it in the range of $0.45-0.55 โ run away from it, because lower, the level of $0.24-0.25 will draw price with a magnet
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COTI almost in pullback pattern BINANCE:COTIUSDT
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$COTI$COTI - Cup & Handle forming ATH pattern
When Zoomed out (since September)., $COTI has formed a Cup & Handle pattern leading to make a ATH.
The possible two options would be :
Scenario 1 :
Either it should break the Green Dotted line further to break Three Red dots (previous rejections)., to reach ATH.
But first, has to break Light blue rejections (by EOD).
Scenario 2 :
Oscillates btw Green Dotted line and rectangle box.
Either of this happens depending on $BTC close over the Week/Month.
$Coti becomes a nice Buy after it touches the Green dotted spot. - For LONG positions &
becomes SHORT once it sees QUADRAPLED Rejections on the Red dotted phase.
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COTIUSDT UPDATE
Market is about to test daily supply zone, where we can expect a strong reaction from sellers, also on the 1D TF we can see how price has formed a nice W formation in which we expect the market to complete the pattern at the neckline. Waiting on lower TFs for a potential pump above the highs to induce buyers, here is where we will look for a possible entry to short to the neckline ONLY IF entry rules are met.
Long position for COTI soon!!COTI is now above EMA ribbon on daily chart and that means we need high volume and close above the ribbon to be bullish. You can see GP, around 0.5-0.52 and there is the first target price. Stop loss will be somewhere around 0.368-0.37.
We have to wait few more hours to see if a green candle on daily chart will close above the ema ribbon and next stop is 0.5
COTI UPDATE
Last 24hrs we have seen confirmation of a breakout out of its correction which is a BUY signal
All the indicators on the weekly are showing signs of strength and a reversal coming in hot.
My Target for COTI after the crypto cycle completes is somewhere near the top trendline as the last 2 tops respected touching this.
COTI is gaining very strongly against its BTC pairing which means it will stay ahead of the game and even stronger when BTC rebounds.
IMO BTC can fluctuate between 37k-43k consolidating a base. If this drags down the price of COTI in the short term, dips are for accumulating.
2022 looks like there will be a massive upside for COTI. This is an AMAZING project focusing on the fintech utility in crypto. They have an amazing team and the best programmers and partnerships. Watch this video and you will see what they are all about. www.youtube.com
COTIUSDT , COTIAll supports and resistances are marked on the chart. As we can see, the price is in an important range and recommended to keep an eye on it ...
Follow our other analysis & Feel free to ask any questions you have, we are here to help .
๐ #COTIUSDT ( COTI )
๐น Time Frame : Daily
๐ต Personal Opinion : HODL
๐ค Saeid.Mahbob
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01.18.2022
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