Contentos (COS) Multiple Scenarios | Chart Analysis

23 jul 2020

Contentos (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.