Coti
COTIUSDT🌟this alt has completed the cup formation clearly and its going to form its handle soon after that formation we are going to seen a pump equal to the cups depth (this is the theory of the cup and handle formation) which not always happens exactly what we expect in the market but it can give us a good clue to enter from now for most possible profit out of it
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Time to decide, BTC is super bullish but there is always space..Time to decide, BTC is super bullish but there is always space for manipulation.
While retail investor are afraid, institutions are ready to buy their BTC, so a fast liquidation dumo could happen, specially if we break that triangle downwards.
If we break to the upside, which on my view is more likely, we could reach 54k easily, and maybe even a new history high.
Alts are on fire as well, dominance is trying to reach the support at 39% or even 36%. I´ll be posting my dominance analysis soon, keep your eyes open today.
COTI Analysis (LONG)Feeling super bullish on COTI atm, coming out of a red sunday having support on R/S flipped resistance and looking to breakout the triangle with Fibonacci at the 0.382 mark.
I've been watching COTI for quite some time now and its always been hovering close to the R/S line and only broke out after the COTI listing news on Coinbase. This retracement will not go down to the 0.236 range so with everything being pretty much aligned I'm excited for this trade.
Do you feel otherwise? Do you feel the same? Let me know what you think!
Thanks for reading :)
Chart: /VuU69qUP
(I cant post links sorry haha)
COTIUSDT Technical Analysis
⏳ Spot
💎 COTIUSDT has formed a Bullish Flag. it has broken above the Flag and a resistance. It is expected to go to the last high of the recent green candle.
🏁 Short & Medium Term
💵 Invest Only 5% of your Portfolio
🎳 Entry at market or 0.3269
☕️ TP1 0.3820
🍺 TP2 0.4000
🍻 TP3 0.4200
🍾 TP4 0.4450
🍷 TP5 0.4800
🍸 TP6 —————
🍹 TP7 —————
🎁 TP8 —————
🚫 SL 0.2655
Good Luck 🎲
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Coti Usdt Technical Analysis and Target PriceWith the completion of the current trend, the cup pattern showing.
The next step would be to wait for the handle pattern. Maybe you can be entered from the handle Fibonacci 0.618 area.
If the Fibonacci data intact, the next target will be to reach 1.618.
Cup depth and handle depth should be followed
You can find my other articles from the links below.
COTI - BIG DESCENDING BROADENING WEDGEAfter the big drop on 8th March, Coti has been moving in a downtrend making the Lower High and Lower Low all the while forming a BIG DESCENDING BROADENING WEDGE along with it which normally gives upside breakout. Right now, it has to face the resistance of 200-Day EMA (in green) and if it manages to close above it, in addition, take support over it then we might see it knocking at the doors of final resistance,i.e, the downward trendline of the DESCENDING BROADENING WEDGE and move to higher levels as mentioned on the chart (in green).
However, failure in doing so can reject the price from there back to the lower levels (in red).
Both, resistance and support levels are mentioned in green and red, respectively. DYOR.
BIFI/BUSD#BIFI update, don't forget the resistance line, if BIFI close above the resistance line and turned it to support that will be a big opportunity of long position.
🆓COTI (COTI) July-25 #COTI $COTICOTI is hesitating after conquering the $0.11 zone, but with its strong buying power in the past 2 days, it will continue to move towards the $0.14 and $0.18 zones in the next few days. But if it loses 0.11$ zone again it will fall to 0.09$ zone or even deeper
📈BUY
🔴Buy : 0.107-0.113$. SL if B
🔴Buy : 0.137-0.143$ if A. SL if B
📉SELL
🔴Sell : 0.137-0.143$. SL if A
🔴Sell : 0.176-0.184$. SL if A
♻️BACK-UP
🔵Sell : 0.107-0.113$ if B. SL if A
🔵Buy : 0.088-0.092$ if A. SL if B
❓Details
🕯Timeframe : 1 Day
📈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 candlestick is Above the zone
🅱️B : The Close price of candlestick is Below the zone