COTIUSDT is testing the 0.382 Fibonacci level The price is testing the 0.382 Fibonacci level after a nice breakout from descending channel. IF the price will have a breakout from 4h resistance, According to Plancton's strategy (check our Academy), we can set a nice order
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis, please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
COTIUSDT.P trade ideas
COTI/USDT BreakoutHoping to see COTI finally break out of this long term downtrend its been sitting it for quite a while now.
With this trade I'm going to be running very tight stops with the sporadic market we have at the moment.
If we do fail this breakout, and turn out that we're actually going to break down, then it is a very harsh drop to
the next support around the 0.15c USD mark so my stops will be tight with this trade. With a good risk/reward ratio
this could turn out to be a great trade if we do break to the upside.
With quite a few announcements coming towards the end of June, hopefully start seeing a slow build up until then.
Trade safe friends!
COTIUSDT - EW analysis - possible 5th wave of impulse sequenceCOTIUSDT - It seems like 4th wave already finished and 5th wave is in progress, but yet the correction is on of 2nd subwave of 5th wave up. So wait for it to end and start outperforming the other crypto or at least BTC, before taking any shot for next move higher.
Give a thumbs up if you really like the Elliott wave analysis.
COTI - Buy Setup Forming!Hello everyone, if you like the idea, do not forget to support with a like and follow.
COTI is sitting around a demand area in green, we will be looking for buy setups.
Before we buy, we want the buyers to prove that they are taking over again.
on H4: COTI is forming an inverse head and shoulders pattern, but it is not valid yet, so we will be waiting for the right shoulder to form. (projection in purple)
Trigger => Waiting for the right shoulder to form then buy on the neckline break upward (gray zone)
Meanwhile, until the buy is activated, COTI would be overall bearish can still trade lower.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich