My $COTI targets

in #cryptocurrency2 years ago

Hello everyone!

Noticed $COTI has a nice chart so I taught I'd share.

This time I'll try to keep it short and simple, starting out with an already fully charted out chart!

cotidone.png

https://www.tradingview.com/x/VQEt2vRa/

I used a trend based fib extension to get my targets,
right now the price is sitting at what seems to be a hard resistance level, the 0.5 fibline (~310 satoshi).
Incase of a breakout I expect the next resistance to be at ~ 435 satoshi, the "1" fib level, from which i see it taking a short dip to about 340 satoshi (0.618 fib level).
If the coti sustains a strong and healthy orderbook I see it eventually breaking the las tresistance and making a new all time high, which i expect to peak at around 840 satoshi (the 2.618 fibline).

Let me know what you think fo this setup!


Please keep in mind, this post is NOT financial advice or any kind of recomandation, nor am I lisenced to give one!
It is my personal opinion and view on the chart!

Kind regards, OZ

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interesting view

@ozchartart, In my opinion this Trend is creating Series of Artistic Mountain View. Stay blessed.