On the first of October the Cryptocurrency COTI caught our attention and we made a forecast on it. Why exactly at that time we looked at COTI? The fact is that analytics is very valuable exactly when the market situation is unstable or can change dramatically. Having allocated a critical point for the price of COTI in the range of $0.45-0.55, we left clear objectives. But unfortunately, after a long fight the buyers were not able to keep this important range. You can see for yourself, if the price reached our target for the fall, by clicking on the picture below:
Cryptocurrency COTI – buyers ready for up trend
Stopping the price of COTI at the range of $0.24-0.25 is no accident. On the chart, we see that it is in this range that buyers were able to slow down the rapid decline in May. Also during the September fall, buyers proved the importance of this range and not the willingness of the cryptocurrency COTI to a deep correction. It was from the range of $0.24-0.25 began a new wave of growth on high volumes. Therefore, this range wonderfully suits the role of the local day for the beginning of the formation of a new wave of growth with the first target of $0.9.
And if we analyze at what trading volumes the price of cryptocurrency COTI fell in December, doubts about the readiness of the market to grow are dispelled. But while the critical range of $0.45-0.55 is under sellers’ control, the most likely scenario is a broad consolidation in the range of $0.25-0.45. Having increased their positions in this range, buyers will be able to confidently continue their growth wave and show a new non-corrective upward impulse.
COTIBTC price is moving in a global wedge
Starting from January 21 the price of cryptocurrency COTI in pair with Bitcoin shows quite deep and predictable corrections. Buyers do not manage to accelerate the growth trend. But they also do not want to allow the price to fall to the border of the white channel. At the moment we expect growth impulse of COTIBTC price to the level 0.000015. It is at this point, we will be able to assess the strength of the buyers and predict whether COTI cryptocurrency will continue to grow. The main condition for this prediction is for buyers to keep control over the 0.0000066 mark. If you need more investment ideas but don’t have time to study the cryptocurrency market – use our “Deposit Management” service.