Cindicator (CND) / BTC - Bullish divergence

On the above 1-day chart price corrects 70% since early April and has now broken out of resistance (orange line).

Since late June a regular bullish divergence has formed with lower highs in price action together with higher lows in the oscillators.

Message below if you’re interested in knowing when to take profits at a later date.

Good luck!

WW

Comment:

On the 2-day chart below price action is testing a very old trend line going back to 2017. If this breaks, get out - dead token. Most other alt-tokens are making similar tests of past resistance / support, this is not in isolation.

On the positive front a number of oscillators are showing bullish divergence with price action. Currently 5 with higher lows in RSI.

If a positioned was opened at the time of this idea, leave it alone. Do nothing.

If you're reading this for the first time, wait for confirmation of support on this old trend line.