We can see that COTI is adhering to the 4 hour candle pattern beautifully. We have had 5 bounces off the 50 MA. WE can also see on the RSI that we are regularly bouncing off the 50.
We are also forming a Descending triangle which is aligned to breakout almost perfectly with the 50MA, .618 on the fib and whilst RSI sits at 50 again. Assuming this doesn't break trend and from a TA perspective our next technical target on the Fib would be 0.7 if we break the previous high.
Not financial advice and just my opinion.
We are also forming a Descending triangle which is aligned to breakout almost perfectly with the 50MA, .618 on the fib and whilst RSI sits at 50 again. Assuming this doesn't break trend and from a TA perspective our next technical target on the Fib would be 0.7 if we break the previous high.
Not financial advice and just my opinion.