Coti analysis From NoobCoti seems to find its bottom and stoch seems a bit oversold. Momentum about to shift as ascending triangle form as a continuation pattern for coti to go higher.
Fundamentally, ADA partnership could really help coti price to continue going higher. First target would be 0.67, broke the upside trendline coti can go up to 1$.
This is only my personal view, feel free to challenge as i am still learning how to do a proper analysis.
COTIUSDT trade ideas
COTI - SHORT SETUPHere we see a bearish diagonal formation on Coti that has begun to break down (1hr). On a smaller timeframe we appear to have just broken down from a symmetric triangle formation (15min), further adding to the bearish bias.
Upon entry a target was devised using fibonacci retracement, aiming for the .382 of the move up. A stop loss placed inside the diagonal gives a 6/1 return/risk.
$COTI- Cardano New Best Friend This Asset has been very bullish since last week prolly because of the new alliance with Cardano network to be the issuer of the Cardano stable coin "DJED" and it ain't showing any sign of slowing down.
I mean it can hit hit a dollar by next week ging by its current momentum...
Has been attempting to retest the ATH today but didn't run much, still making an attempt.
RSI- Bullish
Volume is evenly distributed across all time frame which to me kinda show why it has maintain a strong bullish trend for a while now.
If it finally decide to slow down, a PB down to .48-0.45 is likely
🔥 COTI Bullish Triangle FormingCOTI has been one of the biggest gainers of the last 10 days, seeing over 130% returns during that period.
At the moment, it seems that $0.665 is the top. That being said, the price is making higher lows at the same time, forming this bullish triangle.
Assuming BTC won't dump too much, I'm expecting COTI to follow this triangle pattern in the near future. Main target at $0.7, second target at $0.75.
Happy trading!
COTIUSDT Ready to Make New ATH!COTIUSDT (Day Chart) Technical analysis
COTI/USDT Currently trading at $0.61
New All-time High
Swing Trade Setup or medium-term investment setup
Long Entry: above $0.54 -$0.61
Stop Loss : 0.42
TP 1 : $0.75
TP 2 : $0.90
TP 3 : $1.00
TP 4: $1.25
Max leverage : 1x or buy it on spot market
coti, massive growthi think we are in an similar pattern that coti has been before. you can see on the left that we broke the ath, came down and made a 100 percent candle on the weekly. i think this might be in the cards again. than we could face a 90 cent or a dollar Coti. you might think im an moonboy now haha but its a very small cap coin. of only 500 million. it doesnt take that much to go this levels. its a very promising project.
COTI official issuer of Cardano Stablecoin - Djed COTI 4hr some of the news may be priced in already for now but COTI still has a long way to go and has the fundamentals to back it Price printed a new ATH at 0.66 and is on a 25% pullback from this level to reset and gather the momentum for the next major move incoming Short-term target is 0.90 then 1.40 for next correction level
COTI: All Impulse waves CompletedCOTI has recently gone through major price spike pushing the price up by ~133%. Now it is currently undergoing Correction. We have already completed the Correction Wave A and a little upward movement from here up to the golden pocket can be observed which will be correction wave B followed by a hammer which will make it fall as low as 0.475 - 0.43.
PS: Failing to hold the trendline at current position will forcefully push the price in wave C towards macro 0.5 fib.