COTI - BIG DESCENDING BROADENING WEDGE

已更新

After the big drop on 8th March, Coti has been moving in a downtrend making the Lower High and Lower Low all the while forming a BIG DESCENDING BROADENING WEDGE along with it which normally gives upside breakout. Right now, it has to face the resistance of 200-Day EMA (in green) and if it manages to close above it, in addition, take support over it then we might see it knocking at the doors of final resistance,i.e, the downward trendline of the DESCENDING BROADENING WEDGE and move to higher levels as mentioned on the chart (in green).

However, failure in doing so can reject the price from there back to the lower levels (in red).

Both, resistance and support levels are mentioned in green and red, respectively. DYOR.

交易开始

Breaking out of the upper downward trendline of the Wedge.

交易结束：到达目标

All Targets done