It's been only 3 days since COSBTC (Contentos) broke above EMA10 on increasing volume. We know that prices trading above EMA10 is always a bullish signal and this is confirmed once more here with COS.
As soon as EMA10 was conquered, COSBTC started to gain bullish 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 bullish signal.
We can also notice really good volume, 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 bullish and expect a strong bounce to follow (blue arrow)... Because we are already bottomed out and the market cycle changed.