COTI Price Analysis 200% Potential Gain @COTInetwork Dec 2020
Quick COTI price analysis @COTInetwork.
What is Coti and Price of Coti?
COTI price today is $0.04656233 with a 24-hour trading volume of $6,318,619. COTI price is up 11.3% in the last 24 hours. It has a circulating supply of 570 Million COTI coins and a max supply of 2 Billion. Binance is the current most active market trading it. To explore addresses and transactions, you may use block explorers such as explorer.coti.io. Additional information can be found at https://coti.io/.
COTI is the first enterprise-grade digital fintech platform, which eliminates all intermediaries and empowers any organization to build their own private payment solution and digitize any currency using our proprietary Trustchain protocol.
COTI provides functionality as robust as Paypal and Alipay while allowing enterprises to create their own unique rules and finally own their payment system to save time, data and money.
COTI’s platform enables companies to effortlessly create advanced fintech products — ranging from payment networks and stable coins to loyalty programs, remittance services and more.
Technical Analysis – COTI Price Analysis
Daily Chart on TradingView
COTI is super bullish in the daily time frame. It has formed a cup and handles pattern in daily time frame and breakout from it successfully with great volume. This breakout is leading the price of COTI to its accumulation exit zone, which is indicated as 2 blue lines in the chart. Once the break out happens above the long term accumulation zone, the price can move up to the all-time high in upcoming days. A swing trader can take entry when there are a breakout and price close above 280 sats in daily time-frame.
Another reason behind COTI is super bullish is fundamental analysis.
If you check coinmarketcal.com, There are ten hot upcoming events for COTI in December 2020.
So the overall sentiments on COTI price analysis are super bullish. We can hold some COTI coin on Binance exchange to gain handsome profit.
COTI Update on 14th December 2020
After hitting to the green resistance zone on 12th December COTI unable to close the daily candle above the zone, It was lead COTI to retrace the zone at 61.8 Fibb level. After retracement, the FIbb level, as well as the falling wedge COTI, again start moving on the upside and finally able to close the daily candle above the zone 0.00000270 – 0.00000273 sats.
Later it retested the previous resistance zone today and now trading at 280 sats.
The sentiments on #COTI on Twitter is so high. That leads the COTI price to surge up at significant level.
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