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!
ความคิดเห็น:
Zoom out to see the oldest trendline
ความคิดเห็น:
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 🐂
ความคิดเห็น:
Inverted Head and Shoulders in the making. If confirmed it should get the price comfortably above the trendlines confluence.
ความคิดเห็น:
Inverted Head and Shoulders invalidated. Anyway the neckline acts as strong resistance, so if break it and get above, that would be good sign.
ความคิดเห็น:
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.
ความคิดเห็น:
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.
ความคิดเห็น:
Closed above the upper yellow trendline, tested as support and went up. Retest of the yellow trendlines possible before next leg higher.
ปิดการเทรด: ถึงเป้าหมายการทำกำไร:
Here we go, lime Trendline (=Target) hit! 🎯
ความคิดเห็น:
Spilled badly after reaching the target. Now back on track...
