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COTI / TetherUS

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COTIUSDT trade ideas

COTI/USDT Break Key Level, Bullish Momentum or false breakout? 💎 COTI has certainly piqued our interest. Having broken through a formidable resistance zone, COTI showcases potential bullish momentum, especially after spending 52 days in a sideways pattern within that range. 💎 Currently, COTI is in a retesting phase post its breakout from the strong resistance. A bounce in this region would pave the way for a continued upward trajectory. 💎 However, should COTI fail to maintain its position and close below the resistance zone, it might indicate a false breakout. In such a scenario, COTI could descend towards the nearby demand at $0.0415. 💎 A bounce at this point might lead to an upward retest of the resistance due to the false breakout, only to potentially decline again towards the demand at $0.039 or even approach the robust support zone.
by MyCryptoParadise_Nathan
7
COTI ANALYSIS (1D)Hi, dear traders. how are you ? For a long time, the COTI symbol has been falling with an almost steep slope, and it has become difficult for some traders to predict its direction. In this analysis, I have tried to predict the future path of COTI as much as possible with a quiet chart. By checking the chart and wave counter, I realized that we are in a diamond diametric correction pattern. On the chart, where it says "Start of correction" is the point where our diametric diamond started. Looking at the branches, it looks like we are now in wave E of this diametric. By hitting the green area, we expect the E wave of this diametric to end and we enter the rising F wave of this diametric. Here is the path I envision for COTI on the current data, on the daily time frame. For risk management, please don't forget stop loss and capital management Comment if you have any questions Thank You
by behdark
5
COTI Coin is considered a security by the SECRecently, the U.S. Securities and Exchange Commission (SEC) classified COTI (COTI Coin) as a security. This means that COTI, the native cryptocurrency of the COTI network, is now subject to securities regulations and requirements imposed by the SEC. The decision to categorize COTI as a security by the SEC signifies that it is considered an investment contract, representing ownership or participation in the COTI project or platform. Consequently, COTI will need to comply with applicable securities laws, which may include registration, reporting, and other regulatory obligations. This classification by the SEC highlights the increasing attention and oversight of cryptocurrencies, particularly those that possess features resembling traditional securities. Companies and individuals involved in the cryptocurrency industry must remain informed about regulatory developments and ensure compliance with relevant laws to operate within the bounds of the law. My price target for COTI is the next strong support, $0.038. Looking forward to read your opinion about it!
Short
by TopgOptions
COTI Possible Playout Chart The price movement of COTI is predicted to experience a decline due to the update on treasuries by the COTI network, which will be implemented on August 1, 2023. The discontinuation of the staking multiplier feature is causing holders to sell their assets. Currently, COTI is potentially going to experience a decrease to $0.04 in the next 1-2 weeks, with an estimated percentage decrease of -12%. Therefore, it is advisable to wait and see for now. #DYOR (Do Your Own Research).
Short
by Cozybanana78
COTIUSDT Profit-Taking of 120% with a Strong Buying Case💎#COTIUSDT has recently displayed promising price dynamics, indicating the formation of a potential bottom at the psychological support level of $0.0400. Subsequently, the price surged above the long-term demand level at $0.0500, transforming it into a significant support-turned-resistance zone. This price area has garnered substantial interest from buyers, making it a focal point of market attention. 💎 As long as the price remains above $0.0500, #COTI presents an exceptionally attractive buying opportunity with considerable growth potential and a favorable risk-to-reward ratio. The profit potential exceeds the associated risk, with the possibility of achieving a 120% increase above the current demand zone. It is important to note that a complete bullish invalidation would only occur if the price breaches the psychological support at $0.0400. 💎 However, when considering profit-taking strategies, it is crucial to be aware of two significant resistance areas. The first notable resistance lies at $0.09, which coincides with the 50% Fibonacci retracement level and the downtrend trendline. The second resistance zone is characterized by a double Fibonacci resistance, aligning with the long-term supply area. 💎 The MCP team is closely monitoring #COTI, prepared to take action at the opportune moment. To stay up-to-date with our actual trades and benefit from exclusive insights, we invite you to subscribe to our VIP channel. Stay informed and seize the potential, Paradisers!
Long
by MyCryptoParadise
✴️ COTI Major Bullish Setup (120%+ Easy Potential)COTI is coming out of new All-Time Low hit last month on June 10. After this ATL we have higher lows and suddenly yesterday the biggest volume bar since January 2023, also one of the biggest daily buy volume in the history of this pair, this is a strong signal. After seeing this new ATL we can say that all the sellers are satisfied, with the bearish over/complete, a new trend can now develop and that is up. We are looking at weeks or even months of sustained growth. Months, we are yet to see, but it is easy to see COTIUSDT grow for weeks. Easy 100%+ potential and beyond . "Beyond"... There will be more. Namaste.
Long
by AlanSantana
2