COTI has recently gone through major price spike pushing the price up by ~133%. Now it is currently undergoing Correction. We have already completed the Correction Wave A and a little upward movement from here up to the golden pocket can be observed which will be correction wave B followed by a hammer which will make it fall as low as 0.475 - 0.43.
PS: Failing to hold the trendline at current position will forcefully push the price in wave C towards macro 0.5 fib.
PS: Failing to hold the trendline at current position will forcefully push the price in wave C towards macro 0.5 fib.
Trade active
Trendline is broken hence we are forced into Wave CTrade closed: target reached
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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.