Cotiusdt Buy opportunity

Updated
COTIUSDT has been in a cycle correction since hitting its all-time high in October 2021. The price has been trending downwards in a corrective wave structure, indicating a potential completion of the cycle correction.

Currently, we observe an Inverted Head and Shoulders (ISHS) pattern developing on the COTIUSDT chart. The ISHS is a bullish reversal pattern and consists of a head, two shoulders, and a neckline. The pattern is confirmed when the price breaks above the neckline, indicating a bullish momentum has returned.

Our midterm target is showing on the chart as an important supply zone, which will act as a resistance level. If the price breaks above this zone, it could confirm the bullish reversal pattern and lead to a further increase in price.

As always, we should use proper risk management and evaluate the market conditions before making any trading decisions.
Trade active
Trade active
Cotiusdt has achieved an astounding 319% profit from the accumulation zone we identified. This is a significant achievement, and we maintain our confidence in the coin's potential.

To capitalize on potential re-accumulation opportunities, we have identified a new buy-back zone. The immediate target to keep an eye on is the mid-term target, delineated as an important supply zone.

snapshot
Chart PatternsTrend AnalysisWave Analysis

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