Contentos Grows 60% To Break Above Resistance

31 Jan 2022

Yesterday marked a good day for Contentos (COSBTC) as we saw a break above EMA10 as well as MA200 on high volume.

This 60% jump is indicative of the end of the correction/consolidation phase.

We have bullish indicators now with long-term higher highs and higher lows.

This current move can signal that the correction is over, COSBTC can resume its growth.

Conditions for change
This analysis is invalidated if prices move and close below the last "higher low".

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