COTI/USDT 1W chart review
Hello everyone, let's look at the 1W COTI to USDT chart, in this situation we can see how the price was moving in a downtrend channel from which the upper one dynamically emerged, but now we have returned to the upper border of the channel which keeps the price from moving further.
After unfolding the Fib Retracement mesh, resistance can be seen at the following levels:
T1 = $0.137
T2 = $0.158
T3 = $0.173
T4 = $0.196
Now let's move on to the stop-loss in case the market continues to decline:
SL1 = $0.111
SL2 = $0.088
SL3 = $0.07
Looking at the RSI indicator, we see
as it returned to the middle of the range where the upward trend had previously reversed.
After unfolding the Fib Retracement mesh, resistance can be seen at the following levels:
T1 = $0.137
T2 = $0.158
T3 = $0.173
T4 = $0.196
Now let's move on to the stop-loss in case the market continues to decline:
SL1 = $0.111
SL2 = $0.088
SL3 = $0.07
Looking at the RSI indicator, we see
as it returned to the middle of the range where the upward trend had previously reversed.
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