COTI has been facing resistance of blue trendline, so if it rises to approx. 0.1787 then there will be multiple resistances + resistance of 50 EMA.
Red rectangle is also a crucial resistance for COTI, so you can also short from around 0.1714
A shooting star candlestick pattern might form after 4H candle closing, so wait for 4Hour closing (I guess)
(Although MACD...
COTI is at very crucial support and as u can see in the chart everytime it hits that support it bounces very hard this time it has again touched that support and expected profit from here is 80% To 140%
good opprtunity to buy if market behaves NEUTRAL or BULLISH.
Happy Trading.........
Dont Worry YOU will be a PROFITABLE TRADER.
NEVER NEVER NEVER GIVE UP !!!
EMA 9 has crossed the EMA 50 mark. If the MACD Line crosses the Zero line, then it will be a stronger uptrend signal since EMA 50 can act as a dynamic resistance still.
Coti is showing cup with handle or you can see a inverted head and shoulder pattern may rise upto 81% from its initial value !!! Let's see support and resistance are marked on the chart !!
If resistance is broken then you can see a retest and target hit .
Market sentiment must be bullish(no news)
Cup and handle + Resistance break
TARGET 20-30% sell
REBUY AT RETEST
