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COTI / TetherUS

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COTIUSDT trade ideas

COTI / USDTCOTI / USDT: Technically, we are still in the downtrend here. Coti just had some positive news, and looks like the project is developing pretty fast: with the debit cards, partnership with Cardano (ADA Pay) and so on. However, after the previous massive move, correction is still in place. We need to make sure we have really broken out of the trendline and the down trend is over. Fundamentally, I think this project has good potential, medium market cap and nice partnerships on the horizon. Happy trading everyone! And please, always dyor :)
Long
by hometown_girl
1
cotiusdt XABCD plus breakout n moreXABCD stf going on started new impulse starting a new structure, broke out of downtrend just need a retest in area of trendline where wave 2 ends macd rsi and stoch's look good, if we close daily candle below the red downward trendline then i exit the trade. take profits at least some in between A and C (of the XABCD). or use fibs from A to D and target 0.50 0.618 0.786 even 0.382 but thats too early imo, EW is not my main thing at all but its a never hurts to look into what other traders will be lookng at
Long
by Deanicide
1
New scenarios for COTI ... KUCOIN TA ...In previous days, COTIUSDT has tested dip points, and especially 0.5 fib level from which it has strongly retraced and has formed a double bottom in the 4H frame (circled in red)... Now COTIUSDT is on a triangle, if we break it from above, we will visit new higher priced areas (new ATH) with small little corrections in each level... Else, if COTIUSDT breaks the triangle from below, we will go deeper and retest 0.5 fib level from which we will retrace for sure .. COTI has strong fundamentals and the TA is still bullish, and IMO COTIUSDT is still highly undervalued and my long term prediction is still 7$ for COTI in the bull run.. THIS IS NOT A FINANCIAL ADVICE! DO YOUR OWN ANALYSIS!!!
Long
by kriptomaster