4th Street Bar Hive-Bar

Hive-Bar Powered by Hive beta-fdb5b5b

Community post

Is COTI repeating itself?

We recently saw a good price action in COTI moving along with ADA. However if you look at the chart from last year around May time, we see a similar pattern and movement now.
COTI is now trying to break the triangle. This may turn into a fakeout as well. Waiting for the daily candle closing to get confirmation. The local support for now is 0.35-0.35-0.355 area and major support is 0.28-0.28-0.30 area. The first resistance is 0.395-0.395-0.40 to break. If COTI is unable to break the symmetric triangle then we see a retest of lower support area. I think we can make good trades if COTI behaves as presumed.

image.png

Posted Using LeoFinance Beta

2 upvotes $0.00

Replies (0)

Conversation

No replies yet

Replies will appear here as people join the conversation.

Review before signing

Posting as . Signing with . Keychain permission: Posting. Hive Keychain will ask you to approve this action next.


  
Technical details

Operation fingerprint: