Hello all , hope you are all doing well. I've watched CDT for days and days but there have not been any moves until recently. Finally CDT has started to move up. It has a resistance on MA 50 (daily chart) which is the current price. Volume is increasing so I expect a continuation move to 223 which is a strong Cloud resistance in the daily chart. After a little pullback, CDT can move toward 250 area where you can take your profits there. In case of strong move 300 is available too. Your stop is below 190. Thanks.
Hello!!
But, it is overbough in 4H chart. Isn't it
Hamidkev3
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@SatomiZa, yeah you are right . Overbought is not a good reason for deciding. Although It would bring some difficulty for price to move up. But after a little sideways (like 1 or 2 candle in 4H ), Price will be again under overbought area.
But, it is overbough in 4H chart. Isn't it