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COS

Contentos (COS) Multiple Scenarios | Chart AnalysisContentos (COSBTC) is doing what I call "strong consolidation" with prices trading above EMA200. We also have a bullish flag which is a classic bullish pattern and a bullish cross of EMA100/MA200 as well as EMA10/EMA200. Many bullish signals are present on this chart. The main scenarios go like this... COSBTC stays above EMA200. This lead to a bullish jump fast. Or, prices break below but we still remain bullish above MA200. Finally, if prices drop and break below MA200 we would see lower prices but still a jump after as long as we stay above the blue dashed line. Here you can see again why we are always so bullish with altcoins... Even if prices drop, the bullish bias remains really strong. But in this case here, we have the bullish flag, strong consolidation and a recent break of resistance (EMA200) now turned support. I shared with you since January that the bullish growth we were seeing was only the beginning and that we would see so much more... This is still true today... You've been warned. Prices can easily move higher... Remember that trading is not only about buying but also selling. Buying in low/around support is definitely necessary to produce a winning hand, but once prices start to move higher, there are different methods that should be followed for you to sell. Plan beforehand... Set your sell orders on your target before prices start to move. Since we get very long-wicks in crypto, you will maximize profits if this is what you do. This is not financial advice of course... It is up to you to choose what you really would like to do. Your support is appreciated. I am wishing you great profits, wealth, health, and success. This is Alan Masters. Namaste.
CLong
by MasterAnanda
3
COS entering into consolidationAs seen, the COS has just broken the weekly resistance on the 4th test. Now that resistance has become support, but at the same time there is rejection from next weekly level. Trend line is also acting as a support, but COS has to break 112 resistance as it being tested 1st time after two months. last time it was tested in 26 may 2020, and before that it was tested in march 2019. So we can assume that 112 level is the strong weekly resistance, otherwise it would be a downtrend.
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by SmartMaxi
#COS/BTC (June 08)COS has a super strong resistance at 108-110sts which I don't want to bet on it. We all should wait for the final result at this zone. Because I think it is not ready to pump up from here. - But if it pumps and pass over 110-115sts, you should buy it for the target about 145-150sts - If you want to buy it, you can start to accumulate it in the range of 85-90sts, not above 100sts - If it drops below 80sts, we may see a massive dump on it, then it will dump gradually to 35-40sts
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by CryptoStation
Contentos (We Remain Bullish After The "Drop")In my previous analysis, I am pretty sure we mention that we remain bullish even if prices dropped for COSBTC (Contentos)... Prices dropped and we are now aiming for the blue arrow. Note on the bullish bias Prices for COSBTC are trading below EMA10 which is bearish. There isn't enough trading volume to also justify a jump now. So even though support was broken and most altcoins are bouncing strong, we remain open for change and use a stop-loss if we decide to trade this or any other coin. In this case, we would use as a stop-loss the 55 satoshis level (0.00000055). If prices drop and close below 55 satoshis on the weekly timeframe for COSBTC, the above analysis becomes invalidated. We are bullish in general on the whole altcoins market. Right now many altcoins are starting to show the type of growth that I've been warning about for months. It is time to collect to later enjoy the profits. Thanks a lot for your support. Namaste.
C
by MasterAnanda
5
Take A Look At This... Contentos Breaks!The bulls are now taking the lead on this pair, COSBTC is now challenging EMA50 and can continue higher. We shared the following on the chart below... "We are bullish in general on the whole altcoins market. " Right now many altcoins are starting to show the type of growth that I've been warning about for months. "It is time to collect to later enjoy the profits." Contentos (COSBTC) is also sure to move... I added the Fib. levels to this chart for your convenience. Thanks a lot for your continued support. Namaste.
CLong
by MasterAnanda
8
Contentos Trading Near Support (What Happens Next?)We are looking at Contentos (COSBTC) and we can clearly see prices trading around support. This support level is marked on the chart with a yellow square. The last time this support was activated, COSBTC followed up with a 100%+ bullish wave. This support has been activated again but we can see a huge rejection when prices hit EMA50 (magenta line) on the way up. This rejection pushed prices below EMA10, losing the bullish momentum and putting the bears back in control... But the question still remains, what will happen next? It all depends on the daily and weekly candle close. We are looking at 72 satoshis (0.00000072) as our all-time low. Since prices are below EMA10, we look at this level as support. As long as COSBTC remains above 0.00000072, the support is holding and we are good to go. Meaning, the bullish view (green arrow) can still take form. But if this low is broken, we will have another drop... A strong bounce is very likely to happen after the drop (blue arrow). This is not financial advice. Thanks a lot for your support. Namaste.
CLong
by MasterAnanda
4
Contentos Is Going Bullish | Early Catch (97% Mapped)It's been only 3 days since COSBTC (Contentos) broke above EMA10 on increasing volume. We know that prices trading above EMA10 is always a bullish signal and this is confirmed once more here with COS. As soon as EMA10 was conquered, COSBTC started to gain bullish momentum and is now challenging EMA50 at 0.00000104. Also, notice the blue dotted trendline being challenged... The confirmation comes after the daily candle closes above this level for another bullish signal. We can also notice really good volume, the highest since August 2019. Conditions for change If the last low at 0.00000073 is taken out, prices for COSBTC can easily go lower. If this scenario plays out, prices going lower (red arrow), we remain bullish and expect a strong bounce to follow (blue arrow)... Because we are already bottomed out and the market cycle changed. Any questions? ...Feel free to hit LIKE! Namaste.
CLong
by MasterAnanda
4