TradeDog-Research

COTI-USDT(Symmetrical Triangle Breakout)

Panjang
BINANCE:COTIUSDT   COTI / TetherUS
COTI, A DAG-based protocol and infrastructure that is fast, private, low cost and can be optimized for real-time payments, it is reflecting the potential to zoom considerably as per its emerging price action.
COTI has given a breakout from the Symmetrical Triangle and looks ready to sky to new highs.
As per the 2 Hr Time Frame. COTI has been trading in a range since Feb 8, it gave a breakout on March 7, however, it has retraced back to the same trendline and has taken support from those levels.
Key Levels to watch out:-

As it has given a decisive breakout from the resistance levels(~$0.40), there is a high probability for the COTIUSDT pair to zoom to the first level of $0.48 followed by $0.58.
The supports to the lower side are present at $0.36 followed by $0.33.

Penafian

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