Looking at the market overall, we are in the correction phase but sideways trend, or we can say accumulation phase can be dangerous if an individual isn't aware of it. It is always wise to put smart stop loss in which the trader or investor can get in at a lower price while protecting capital.
FUNDAMENTALS: There will be an increase in the supply of 20%, which means 179 million coins will be issued this year(2022) on February 4 (medium.com). Also, treasury is coming up at the end of January, native staking for COTI holders thru viper wallet. Binance staking is already sold out last December 21, 2021. DJED stable coin news anytime with new merchants...
Looking at daily, RSI is at a 30 (oversold for now). Keep accumulating slowly if you are going to take a long position.
All crypto is plunging downwards today with the stock market because of the FDA meeting. FUNDAMENTALS: COTI significant announcements are on the way with DJed and treasury plus big merchants who will adopt crypto, and COTI itself will issue tokens like djed to its partner's merchant. TECHNICALS: Charts are still on an uptrend (green lines), and if we go...
From here, if BTC doesn't hold and goes down below the support level(49.75k), we can see 47.5k or below. Make sure to look closely. We can have bloody Christmas eve from here, which can be a trap for short-term longs. A lot of profit-takings have been taken place from 45.5k to 51.5k. Trade carefully.
Typically, on pumps, I sell because it won't go all the way up. Trade carefully make sure to put stop loss at 47.5 k while accumulating around 48k-49k
It's been a week we are seeing pump and then slowly bleed back to 55.56k. Is this going to happen again? I think so because we haven't broken the downtrend yet. If BTC goes below 47k confirms the downtrend, and if it bounces back from $47.5 to 50K, then $53k needs to be broken to see an uptrend. As of now, we are still in a downtrend. Don't get fooled by these...
Coti has low volume right now on Binance around 9m. We can see a huge uptrend anytime starting next year as DJED coming and another catalyst as well. Strong buy if BTC holds
Events and news: Ledger integration and Djed anytime Treasury well staking January 31st, 2022 ADA Adapay household merchant Big client using COTI stable coin news for the next year 2022
As we all know it is supposed to be a bull run but before seeing a new high for coti and the upcoming event January can make a big difference for the price. I have made my technical analysis as you can see. I am long on this coin. but as being long I am always securing the profit as needed to I go the way the market is. As you can see that the major support for...
This is just my opinion please do comment if you think I'm wrong. Always learning