Coti
COTI breaking outCOTIBTC is coming out of a huge and massive consolidation. It's about to make new highs vs BTC and it is definitely making some very significant higher closes. Actually vs BTC it is looking like something between a slow & steady uptrend, and a huge accumulation.
First target for a correction are its USD and BTC ATHs, but once it chops a bit around those levels and breaks out, it could easily double or triple from here slowly. Both vs USD and BTC it is looking very nice, clean and strong. Nothing in the chart is telling me things are frothy and more upside will eventually come despite what might happen to the rest of the market in case there is crash because of stocks going down.
I truly felt that I had mentioned COTI on Tradingview, but it appears I only did so on twitter or with people I chat with... Really had thought I shared a lot on it especially after the listing on Coinbase and Huobi, which in my opinion are definitely two major catalysts Coti needed to moon. It's fundamentals overall are decent and could keep improving, which is another reason why I like it.
COTIUSDT - Cup and Handle PatternCOTIUSDT (1D Chart) Technical analysis
COTI/USDT (1D Chart) Currently trading at $0.436
Buy level : Buy after Breakout
Stop loss: Below $0.279
TP1: $0.703
TP2: $0.977
TP3: $1.33
TP4: $2.01
Max Leverage 2x/Spot Market
Always keep Stop loss
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COTIUSDT BUY ZONE NOW?COTI seems like an increasingly recognized coin, with it only having a current low market-cap of 300M. COTI has presented it self as a Proof of work and relies on a new form of trust-chain algorithm which the smart contracts be based on. Smart contracts have not yet be released, increasing volume and a small market cap makes this a buy in my opinion.
O and this coin literally screams democracy, so who the hell wouldn't wanna buy into that right ;)
COTI optimistically to reach 1$ met with heavy resistance if 0.5$ broken.
Don´t expect fast moves until mid OctoberLooking at the 2013 past cycle (which had a similar behavior of this year cycle) we can see that we moved explosively in the last 4 weeks before ATH.
And that could happen this time as well, with BTC lateralizing for 1-2 Months before breaking 64k and reaching the top of the cycle.
In the meanwhile, strong altcoin projects can increase in value compared to BTC, so think wisely in which projects you are investing.
My top projects are: ADA, DOT, SOL, AVAX, LINK.
My small cap choices are: VET, ANKR, COTI, GRT, KMD, KSM, SRM, THETA, OGN.
And I don´t like XRP but I have 1000$ that I bought at 1$ for speculation only!
Check my BTC Dominance analysis below.
🆓COTI (COTI) Sep-13 #COTI $COTIBuying power has returned to COTI and it can continue to rise strongly to the $0.38, $0.48 and $0.6 zones in the near term. But if it loses the $0.3 zone, it will fall sharply to the $0.24 and $0.2 zone
📈BUY
🔴Buy : 0.293-0.307$. SL if B
🔴Buy : 0.37-0.39$ if A. SL if B
📉SELL
🔴Sell : 0.37-0.39$. SL if A
🔴Sell : 0.47-0.49$. SL if A
🔴Sell : 0.585-0.615$. SL if A
♻️BACK-UP
🔵Sell : 0.293-0.307$ if B. SL if A
🔵Buy : 0.234-0.246$. SL if B
🔵Buy : 0.195-0.205$. SL if B
❓Details
📈Red Arrow : Main Direction as BUY and SELL section
📉Blue Arrow : Back-Up Direction as BACK-UP section
🟩Green zone : Support zone as BUY section
🟥Red zone : Resistance zone as SELL section
🅰️A : The Close price of 1-day candlestick is Above the zone
🅱️B : The Close price of 1-day candlestick is Below the zone
COTIUSD Showing Bullish EnergyI am posting this based on a request from a follower. Though COTI had a perfect cup and handle formed, the market leverage explosion killed it (for now). Bullish energy continues, and while it does, I expect the asset to hit the above targets after some consolidation. I have also noted a stop loss on the chart as well. The chart has all of the information you need regarding this. The highest target was calculated by the cup and handle. This will take time top unfold, be patient.
Let's take a look a look at Coti on the daily with Ichimoku Coti has been forming a cup and handle pattern. After the handle got broken price has been going up and got rejected at the very important resistance level. This level is also the 0.382 fib extension level. The target of the cup and handle is at the all-time high at 0.6090 cent. But before price gets there, it need to break two important resistance levels. Maybe it's a good idea to take some profits at 0.786 fib level.
If we look at Ichimoku confirmations we see:
-price is now above Tenkan Sen, Kijun Sen, Senkou Span A and B. Meaning Coti is bullish in short, midterm and longterm.
- Tenkan Sen and Kijun Sen are retracing to eachother, meaning no trend in short term and midterm.
-Kumo (ssa and ssb) is flat. Meaning no trend in long term.
-Chiko Span is above the candles meaning bullish market sentiment (momentum)
We can say that with the closing of this recent (bullish engulfing candle) we are bullish in short, mid and longterm. And we are good to go to our targets.
COTI pullback near end?COTI did 30% pullback so far. Is it near the end? Followers who took long trade on my first idea (Aug. 09.) are 87% profit so far (if didn't exit near the top at aprox157% profit) Link below. Now correcting and we could go more down, sure. I would recommend watching this big ascending support trendline. Bounce up from it could be a great long entry. Watch for a breakout of this descending resistance trendline also. If considering to enter LONG, watch for increased volume and break of RSI descending trendline as confirmation.
COTI breakoutMultiple things happening here.
-COTI has broken out of and retested the falling wedge.
-In doing so, it has also created a head n shoulders pattern.
-RSI has also broken the down trend.
-Ready break out and test the next few FIB levels.
Expecting COTI to push up in the next few hours. 4 hour and daily timeframes look even better!
Let me know your thoughts!