COTI - Cup & Handle forming ATH patternWhen Zoomed out (since September).,
COTI has formed a Cup & Handle pattern leading to make a ATH.The possible two options would be :
Scenario 1 :
Either it should break the Green Dotted line further to break Three Red dots (previous rejections)., to reach ATH.
But first, has to break Light blue rejections (by EOD).
Scenario 2 :
Oscillates btw Green Dotted line and rectangle box.
Either of this happens depending on
BTC close over the Week/Month.COTI becomes a nice Buy after it touches the Green dotted spot. - For LONG positions &becomes SHORT once it sees QUADRAPLED Rejections on the Red dotted phase.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.