We know that prices trading above EMA10 is always a signal and this is confirmed once more here with COS.
As soon as EMA10 was conquered, COSBTC started to gain momentum and is now challenging EMA50 at 0.00000104.
Also, notice the blue dotted trendline being challenged... The confirmation comes after the daily candle closes above this level for another signal.
We can also notice really good , the highest since August 2019.
Conditions for change
If the last low at 0.00000073 is taken out, prices for COSBTC can easily go lower. If this scenario plays out, prices going lower (red arrow), we remain and expect a strong bounce to follow (blue arrow)... Because we are already bottomed out and the market cycle changed.
Any questions? ...Feel free to hit LIKE!
1) 0.00000121 |Hit 21-Feb. (+21%)
2) 0.00000139 |Hit 10-Mar. (+39%)
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