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COTI / TetherUS

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COTIUSDT trade ideas

COTI ON FIRE????Good day to my wonderful friends, it has been a delightful and splendid week for the crypto community, as predicted ALTS are on fire and all the coin s i predicted for us to watch out for produced more than 25% pure profit each so congrats to those who followed and traded the call. This week $COTI is another potential coin to hold for mid term as they have serious fundamentals coming up. if $BTC maintains the support at $55.5k+ then we should see ALTS fly to the moon. for the time being COTI is resting on a very strong support, so we should expect an upward move,risk at most only 10% OF YOUR TOTAL CAPITAL AND FORGET YOUR SL. GL.
Long
by RED_FoX_OF_WS
5
COTI one of the best setups in the market!!Coti long term wave cycle is shown on chart, which reflects strong buying demand in the underlying asset t. Additionally we can see that volume is increasing which is a good sign that COTI has some heavy interest. From the top at 52 cents which is clearly an extremely key level having tested it on 3 occasions, we have come down in a complex corrective sequence which resembles a bull flag formation with strong resistance at the key $0.383 level; we broke higher and flipped the level into support breaking the bull flag and likely leading to a new impulse to the upside (MINOR WAVE 5). As you can see the ~1.236 fib extension of MINOR WAVE 1 acted as strong resistance on 3 occasions; it is expected that we push higher here given the strong count on COTI and potential 4th wave completion and retest the key level. Additionally, as we look across the crypto market not many assets corrected in the fashion that COTI did; which was a WXYXZ complex correction, this indicated that COTI has a lot more buying demand then the rest of the market as it did not correct deeply nor impulsively. It is often seen with complex corrective sequences that they are countertrend movements meaning that once they are completed price will resume moving in the original trend which is upwards. This is why we can expect good growth in COTI as underlying strength is evident. Please like and follow for more! Stay Tuned!
Long
by NICKVASS10
3
COTI Looks very promising in the short term.There has been a decent amount of announcements related to COTI in the last few days. On top of that, the current price can be considered as a discount (courtesy of the recent behavior of bitcoin). Based on simple Fibonacci retracement we get the first target of 0.6 (previous peak), and the next one at 0.8-0.9 (with 0.9 probably being the psychological maximum before a slight correction). For me COTI is a relatively safe bet. However, the fluctuations in the price of bitcoin may as well ruin this picture, or at least prolong the process a little bit. Thus, please trade with caution. TLDR; COTI looks good and will most likely hit 0.8 soon; given that BitCoin doesn't decide to take a dip. This is not financial advice. p.s. COTI has a very low market cap of only 263mil, giving it insane amount of room to grow.
by Shacryt
1