The priceline of Contentos (COS) / Bitcoin cryptocurrency has formed BAT pattern and entered in potential reversal zone.
Here we have a consolidation level at 0.00000286 sats.
I have defined the targets using fibonacci sequence accordingly:
Buy between: 0.00000313 to 0.00000295
Sell between: 0.00000346 to 0.00000410
Regard,
Atif Akbar (moon333)
Contentos showed an impressive strength against Bitcoin, rising 35% during the last 24 hours.
The coin has been able to build a short-term trend line where it is building a bullish pattern targeting the near resistance level at 430 satoshis.
It remains to see if Contentos will be able to break through this resistance level.
As volume remains low and stochastic...
Taking a long position here with a 10% stop loss. Price has been in a nice uptrend over the past 4 days and volume appears to be picking up as well. I'm targeting 400-450 sats because there aren't many strong resistance zones on the way up. Coins like this can pump like crazy, especially when CT starts talking. Just look at MATIC and DUSK over the last few days....
Well, my breakout call yesterday was correct as we saw a huge 30% spike today. It appears that $COS is consolidating into an ascending triangle. If price breaks out of the triangle, look for price to test the 400 sat range. Once that target is hit, I expect a blow off the top.
*This is not financial advice. I am not responsible for any losses of money.*
