- Bullish Contentos price prediction ranges from $0.029 to $0.085.
- Contentos prices might also reach $0.1 soon.
- COS bearish market price prediction for 2021 is $0.018.
In Contentos (COS) price prediction 2021, we use statistics, price patterns, RSI, and much other information about COS to analyze the future movement of the cryptocurrency.
Contentos (COS) is a cryptocurrency and operates on the Binance Chain platform. Moreover, the vision of Contentos is to create a decentralized digital content community which enables content to be produced freely, distributed, rewarded, and traded. However, protecting author rights. Contentos strives to incentivize content creation and global diversity and return the rights and value of content to users.
Let us see about the Contentos price prediction 2021.
Current Market Status of Contentos (COS)
According to CoinGecko, the Contentos price is trading at $0.025 with a 24-hour trading volume of $8,652,232, at the time of writing. However, Contentos has decreased by 4.34% in the last 24 hours.
Currently, Contentos trades in cryptocurrency exchanges such as Binance, Hotcoin Global, Pionex, Gate.io, and Bitrue.
Contentos (COS) Price Prediction 2021
Contentos (COS) holds the 407th position on CoinGecko right now. Contentos price prediction 2021 explained below with a daily time frame.
The chart above indicates the symmetrical triangle pattern of COS. A symmetrical triangle pattern is formed by falling an upper trendline and a rising lower trendline. More so, as the price approaches the apex, it will violate the upper trendline which results in a breakout.
The symmetrical triangle varies from the other triangle patterns in that it is a neutral pattern that does not lean in any direction. While the triangle itself is neutral, it might favor the existing trend’s direction, and traders look for breakouts in that direction.
Currently, COS is trading at $0.025. After this, COS may continue to fall or rise according to the direction of breakout. With this pattern, COS might reach the resistance level at $0.085 soon, if the trend breaks out at $0.031. If the trend reverses, then the price of COS may fall to $0.01.
Contentos (COS) Support and Resistance Level
The COSow chart shows the support and resistance level of Contentos (COS).
From the above chart, it is considered that the following are the resistance and support levels of Contentos (COS).
- Resistance Level 1 – $0.029
- Resistance Level 2 – $0.046
- Next resistance level – $0.085
- Support Level 1 – $0.018
- Support Level 2 – $0.01
- Next support level – $0.005
The chart depicts the bullish performance of Contentos over the previous month. However, this trend will continue to reach a resistance level at $0.085 soon. Even more, if the trend reversed then Contentos might fall to $0.01 presenting a bearish signal.
Contentos (COS) Average Directional Index (ADX)
Let us now look at Contentos’s Average Directional Index (ADX). In particular, the ADX assists traders in determining the strength of a trend rather than its direction. It can also be used to determine whether the market is changing or if a new trend is beginning. It is, however, linked to the Directional Movement Index (DMI).
Moreover, the oscillator has a range of 0 to 100. In addition, a high value represents a strong trend, while a low value represents a weak trend. Furthermore, it is frequently combined with directional indicators.
The above chart represents the ADX of Contentos. Currently, Contentos lies in the range at 50.88, so it indicates a strong trend. This shows that the price of ADX can go bullish in the future.
Conclusion
Contentos is one of the cryptos which is great for long-term investment. In addition, Contentos price prediction is bullish for a short-term. It has a good chance of reaching $0.029 within the end of this year. However, this will only happen if many previous psychological barriers are broken.
Furthermore, with the advancements and upgrades on the Contentos ecosystem, the performance of Contentos would rise reaching $0.046 very soon. But, it might also reach $0.085 if the investors believe that Contentos is a good investment in 2021.
Disclaimer: The opinion expressed in this chart solely author’s. It does not interpreted as investment advice. TheNewsCrypto team encourages all to do their own research before investing.
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