COTI
COTI markets itself as the first blockchain protocols that empowers organizations to build their own payment solutions and is optimized for decentralized payments and designed for use by merchants, governments, payment DApps and stablecoin issuers. Anyway, after COTI's upward phase ended, it then entered a correction phase in the form of a butterfly/scissor pattern. Just recently, COTI broke this pattern with a strong upward wave, which is a harbinger of much higher targets. Let's see what happens.
Note
So, COTI went up and reached the major horizontal resistance area, but couldn't break it. Then correction started, and COTI went down. Recently, COTI broke the correction's downtrend line, the first signal for upward continuation. Let's see what happens.
Trade active
So, COTI's correction ended, broke the downtrend line, and is going up toward the major horizontal resistance area again. Let's see if COTI can break this area or not.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.