Contentos (We Remain Bullish After The "Drop")
Updated
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.
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.
Note
TARGET:1) 0.00000080 |Hit 16-May (+26%)
2) 0.00000093 |Hit 23-May (+45%)
3) 0.00000115 |Hit 24-May (+80%)
4) 0.00000130 |Hit 26-May (+103%)
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