TradeDog-Research

COTI-USDT(Symmetrical Triangle Breakout)

Long
BINANCE:COTIUSDT   COTI / TetherUS
COTI, A DAG-based protocol and infrastructure that is fast, private, low cost and can be optimized for real-time payments, it is reflecting the potential to zoom considerably as per its emerging price action.
COTI has given a breakout from the Symmetrical Triangle and looks ready to sky to new highs.
As per the 2 Hr Time Frame. COTI has been trading in a range since Feb 8, it gave a breakout on March 7, however, it has retraced back to the same trendline and has taken support from those levels.
Key Levels to watch out:-

As it has given a decisive breakout from the resistance levels(~$0.40), there is a high probability for the COTIUSDT pair to zoom to the first level of $0.48 followed by $0.58.
The supports to the lower side are present at $0.36 followed by $0.33.

Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.