Contentos (COS) Looking Straight Up After EMA100 (Easy 60%)
Updated
Contentos (COSBTC) turned out to be a big winner for us... Patience is really paying... See it in early January: tradingview.com/u/alanmasters/
Now, prices continue to move higher and hit our targets but what happens next?
Resistance is being faced at the EMA100 blue line, this is the level now in play.
As soon as COSBTC breaks above this level, marked by 33 satoshis (0.00000033), we can see prices flying straight up.
Our next target is sitting at MA200 or 50 satoshis, marked with a black/magenta line on the chart.
Conditions for change
The charts are always changing, every day in this case.
If prices for COSBTC drop and close below EMA50/21 at 27 satoshis, the bullish bias takes a hit... We can easily see lower prices.
In general, we stay bullish on this pair above the January 9 low.
Thanks a lot for reading.
Namaste.
Now, prices continue to move higher and hit our targets but what happens next?
Resistance is being faced at the EMA100 blue line, this is the level now in play.
As soon as COSBTC breaks above this level, marked by 33 satoshis (0.00000033), we can see prices flying straight up.
Our next target is sitting at MA200 or 50 satoshis, marked with a black/magenta line on the chart.
Conditions for change
The charts are always changing, every day in this case.
If prices for COSBTC drop and close below EMA50/21 at 27 satoshis, the bullish bias takes a hit... We can easily see lower prices.
In general, we stay bullish on this pair above the January 9 low.
Thanks a lot for reading.
Namaste.
Note
This is going good... Straight up.Enjoy the profits.
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