Lokesh Gupta
26-02-2024
#COTI displayed a significant bullish trend over the past three weeks in the weekly chart.
This trend was marked by a triple white soldier pattern, indicating three consecutive bullish candle formations, resulting in an approximate 300% increase.
Bullish momentum strengthened with high volume, breaking 23.60% Fib level, reaching April 2022 price levels.
Last week, #COTI's price surged by 140%, indicating a breakout and signaling a bullish trend.
However, the momentum was hindered by resistance at $0.25000, leading to a subsequent period of bearish influence.
In the 4-hour chart, $COTI is currently trading within a Bullish Pennant pattern.
If bulls regain control, $COTI’s price could aim for its upper resistance level of $0.25000, with potential further testing at $0.30000 in the coming weeks.
As per CoinGabbar Prediction, Conversely, a bearish reversal could see the price retracting to its support level of $0.13500.
KEY LEVELS :
RESISTANCE LEVEL : $0.25000-$0.29000
SUPPORT LEVEL : $0.20000-$0.16000
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Lokesh Gupta is a seasoned financial expert with 23 years of experience in Forex, Comex, NSE, MCX, NCDEX, and cryptocurrency markets. Investors have trusted his technical analysis skills so they may negotiate market swings and make wise investment selections. Lokesh merges his deep understanding of the market with his enthusiasm for teaching in his role as Content & Research Lead, producing informative pieces that give investors a leg up. In both conventional and cryptocurrency markets, he is a reliable adviser because of his strategic direction and ability to examine intricate market movements. Dedicated to study, market analysis, and investor education, Lokesh keeps abreast of the always-changing financial scene. His accurate and well-researched observations provide traders and investors with the tools they need to thrive in ever-changing market conditions.
Lokesh Gupta is a seasoned financial expert with 23 years of experience in Forex, Comex, NSE, MCX, NCDEX, and cryptocurrency markets. Investors have trusted his technical analysis skills so they may negotiate market swings and make wise investment selections. Lokesh merges his deep understanding of the market with his enthusiasm for teaching in his role as Content & Research Lead, producing informative pieces that give investors a leg up. In both conventional and cryptocurrency markets, he is a reliable adviser because of his strategic direction and ability to examine intricate market movements. Dedicated to study, market analysis, and investor education, Lokesh keeps abreast of the always-changing financial scene. His accurate and well-researched observations provide traders and investors with the tools they need to thrive in ever-changing market conditions.
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