Contentos | What The Chart Reveals? (500% Easy—860% Potential)

26 Jun

After the major rejection in April, this pair —COSBTC— continues trading within a lower high... What is this telling us?

Mainly two things:

1) The pair remains good for a new bullish wave. The fact that the last low holds; it wasn't even challenged, signals strength. Not really, really strong but still strength.

The big candle in April was most likely an organic move; someone (big buyers) making a big purchase out of phase with the market (exchanges). When this type of action happens, the whales algorithms quickly jump in to sell and neutralize any type of organic action. All movements must be highly controlled. And thus the big rejection. If the market is left to move of its own accord, anything can happen. These things are highly manipulated.

2) We can expect an even stronger wave; a higher high next. This is based on the higher low (short-term) and the fact that Bitcoin is in the process of producing a major flush. This corrective move on Bitcoin's side, also the big altcoin projects, tends free up capital that will land in the smaller projects.

👉 It is very easy to see 185% growth when the next bullish jump happens; this is the first target. (185% is a lot by the way... Don't be greedy.)
👉 The second target, 526% is also easy on a strong altcoins market move.
👉 Beyond 800% is possible but this is something we have to wait to see how it will develop... While this isn't an "easy" target as the other two, prices can move even beyond this target.

This is not financial advice.
I am sharing my experience and speculative opinion only.
The information doesn't necessarily needs to be real or accurate, it is just my perception of the market based on hundreds of years of experience... I mean, several years.

Namaste.