#COTIUSDT is currently compressed between the falling wedge's trend lines, and we're expecting a bullish breakout soon.
But if #COTI gets rejected by the upper trend line of the falling wedge We might see a retest of $0.05500 -0.06200 .
However, should COTI fail to rebound from $0.05500 , the next critical level to watch is the lower support at $0.036. The probability of a rebound from this level is significantly higher.
But if #COTI gets rejected by the upper trend line of the falling wedge We might see a retest of $0.05500 -0.06200 .
However, should COTI fail to rebound from $0.05500 , the next critical level to watch is the lower support at $0.036. The probability of a rebound from this level is significantly higher.
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#COTIUSDT is showing bullish momentum after successfully breaking through its descending resistance. The price tested the demand , a critical area to watch. If the price manages to rally from here and breaks above the 0.14900resistance level, we could see a significant shift in market structure, leading to a strong upward movement toward major resistance targets.
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#COTIUSDT The price was in a descending triangle, and after breaking the downward trendline, we hoped for a price increase. Now that the descending triangle has broken upwards, we can expect the price to move upwards and begin its upward movements. This trend increases the probability of being bullish.
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Technical CRYPTO Analyst
#COTIUSDT The price was in a descending triangle, and after breaking the downward trendline, we hoped for a price increase. Now that the descending triangle has broken upwards, we can expect the price to move upwards and begin its upward movements. This trend…
#COTIUSDT - UPDATE The price continued to move well and with strong momentum after breaking the downtrend line and touched its first target according to our analysis. So far, the analysis is more than 40% in profit. And we can wait for the next targets.
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#COTIUSDT The price is pulling back to the support area after completing the AB=CD pattern, we expect the price to move upwards from the green support area and continue its upward trend to the descending trendline. If the trendline breaks, we can set a target for higher prices.
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