Contentos Weekly (300% to 360% Potential Detailed)

23 Agu 2021

I was looking at this chart, COSBTC, with my partner searching for the most probable ranges where we will find resistance on the next bullish wave.

We already had a strong breakout and we can see good volume and the price now safely trading above EMA10.

With the higher low and strong RSI, we can focus on the bullish scenario next.

I've set my Fib. extension tools and this is the numbers that I get.

The 0.618 was hit perfectly at 99 satoshis...
Since higher lows lead to higher highs, we are looking at 199/230 satoshis next.

This is about 300% to 360% from the current price, 50 sats.

I've also mapped 140% potential target short-term.

THIS IS NOT FINANCIAL ADVICE.
(This is written for your learning and/or entertainment)
Just sharing what I see.

Thanks a lot for reading.

Patience for sure is needed.

Namaste.