I think this confluence of trendlines will provide strong support for COTI. Once the price breaks out of the pink falling wedge COTI should outperform BTC. What's your take?
This analysis is dedicated to @TheAussieBogan 🦘
Cheers!
This analysis is dedicated to @TheAussieBogan 🦘
Cheers!
Nota
Zoom out to see the oldest trendlineNota
Drawings updated. COTI broke out of the pink falling wedge and now trying to get back above the trendlines confluence. That would be really bullish 🐂Nota
Inverted Head and Shoulders in the making. If confirmed it should get the price comfortably above the trendlines confluence. Nota
Inverted Head and Shoulders invalidated. Anyway the neckline acts as strong resistance, so if break it and get above, that would be good sign.Nota
Neckline broken, now it should act as support. I think we can see pullback to test this level as support. My target will be the lime major downtrendline.Nota
Neckline successfully tested as support, price has been squashed between trendlines, and now prolly breaking up. Close above the upper yellow trendline should be bullish.Nota
Closed above the upper yellow trendline, tested as support and went up. Retest of the yellow trendlines possible before next leg higher. Dagangan ditutup: sasaran tercapai
Here we go, lime Trendline (=Target) hit! 🎯Nota
Spilled badly after reaching the target. Now back on track...
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Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.