Contentos Bullish Consolidation |Basics Trading Tips!

We are looking at the long-term chart for Contentos vs Bitcoin (COSBTC)...
Please, allow me to show you what I am seeing...

The purple channel is what I call "bullish consolidation".

Prices are consolidating while on "bullish territory".
By this I mean that we have prices above EMA10/21 and EMA50 with really strong indicators.

• Weekly, the RSI can be considered strong 30, here it is at 60; super strong.
  
• The MACD has entered the bullish zone.
  
  • 
    I know we see these signals often but when we are on the weekly timeframe they can be 7 times stronger than the daily... This pair is preparing for something.
    
    One last signal can be gotten by interpreting the candle printed on the 29-Nov. week.
    
    • We have the highest volume ever to break above EMA50/EMA10.
      
    • The long upper wick removes resistance.
      
    • The fact that prices remain above EMA50/EMA10 after this candle tells us that the bulls are still ahead.
      
    
    
    Going below the light blue square -support- invalidates this analysis.
    
    This is easy as usual... These things can be bought and the rest is all about waiting...
    Easier said than done in many cases, the waiting part.
    
    Can you wait?
    For how long?
    If it goes up, when will you sell and how much?
    If it goes down, when will you quit at a loss?
    
    If you answer these questions before buying, any pair, you can improve the results when you trade.
    
    This is not financial advice.
    
    I LOVE YOU ALWAYS!
    
    Namaste.