COTIUSDT.P trade ideas
COTI/USDTcurrently coti is following the cup and handle pattern. If this follows correctly it may reach $1.
Coti is showing cup with handle pattern or inverted H&S 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 !!
coti ready to boom coti for short term breakout.
must go for long with strict stoploss as btc trend is not yet confirmed
COTI_USDT(Descending Channel Breakout)COTI has appreciated by more than 250% from its July low levels of $0.089. It gave a breakout after a week of consolidation between the range of $0.20-$0.24 and is currently sustaining above $0.30 from the last 3-4 days. This bullish rally can be attributed to the fact that COTI has been working on multiple products on the Cardano ecosystem and as the date of Alonso Hard fork is coming closer, both ADA and COTI should be benefitted from this.
On the Daily TF, COTI has been trading in a Descending Channel formation with the upper and middle bands present at $0.325 and $0.14. In addition, it is poised to make a Golden Crossover in the coming sessions, indicating that bullish momentum is most likely to continue. Also, the Weekly MACD is also indicating a bullish crossover in the next couple of days which also backs our positive outlook on COTI.
On the higher side, the immediate resistance is placed at $0.332, once we get a decisive closing above this level, it will be a channel breakout for the first target of $0.42 followed by the next target of $0.50. On the lower side, the supports are present at $0.28 followed by $0.24.
COTI BUY. 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
