Contentos MA200 Support Holds, What Happens Next?

15 Jun 2021

Here we have COSBTC once more... We can see the MA200 black line being tested as support.

With the daily candle closing above this level, we can say that this support is good/holding.

We can see the trading volume increasing today, above average and both the MACD and RSI moving higher.

We consider the MACD bullish above 0 and the RSI above 50, they are not there yet but trending higher.

What this all means is that this pair is likely to resume its GREEN move.
If not... We continue waiting.

• Plan ahead of time.
  
• Do your own research.
  
• This is not financial advice.
  

• I am sharing this for your entertainment.
  

Thanks a lot for reading.

Namaste.