About CNS Token:
Centric is an innovative dual-token digital currency and decentralized blockchain protocol built on sound economics. The dual-token model rewards adoption with a fixed hourly yield, and stabilizes over time as it self-regulates token supply to meet ongoing changes in demand
Follow up from previous TA link:
4 Hourly Chart is used as breakout successfully achieved from previous TA.
Trend-based patterns (The WHAT):
1st Low: 1st April 2021 – 0.0013 (start of breakout, uptrend)
1st High: 3rd April 2021 – 0.0039 (185.5% increase in 2 days 8 hours, peak)
2nd Low: 5th April 2021 – 0.0026 (-32.74% increase in 2 days)
Market Cipher is used for giving confirmation signals.
Market Cipher (The HOW):
1) Momentum wave:
2nd April 2021: 1st green dot on momentum upper wave based on daily chart was on 2nd April 2021, in between 2 red dots. This shows price action was supposed to go higher but did not as per follow up red dot which means selling pressure was more than buying pressure. The momentum wave is also on the overbought zone, signifying selling pressure was more than buying pressure.
6th April 2021: 2nd green dot on momentum upper wave based on daily chart was on 6th April 2021, follow up with a red dot on the same day 8 hours apart. This shows price action was supposed to go higher but did not as per follow up red dot which means selling pressure was more than buying pressure.
Selling pressure was more than buying pressure can be confirmed with additional check to red candles with bottom wicks and narrow body on both dates.
2) Wolf Pack ID
Wolf Pack ID measures trend strength, which is to be applied AFTER we are done analysing momentum wave.
2nd April 2021: Wolf Pack ID was quite high, indicating strong trends for the upcoming 4 hour candle bars.
6th April 2021: Wolf Pack ID was better than average, indicating weak trends for the upcoming 4 hour candle bars.
7th April 2021 00:00 (UTC +8): Wolf Pack seems to crossing from red to green, indicating strong trend for the upcoming 4 hour candle bars.
3) Gann Fan and Fib Retracement
X-Y coordinates between vertical line and horizontal line from the top of 1st April 2021 and draw Gann fan on a 45 angle
X-Y coordinates between vertical line and horizontal line from the bottom of 1st April 2021, draw Gann fan on a 45 angle.
4) Price Predictions:
Gann Fan identified key resistance and support levels as per white diagonal lines. 0.0028300 at 6th April 2021 will be used as reference.
White diagonal line uptrend shows possible bullish price actions in blue. Note on the dates referenced from today 7th April 2021 00:00 (UTC +8)
I. 8th April 2021 – 0.0034
II. 10th April 2021 – 0.0039
III. 16th April 2021 – 0.055
White diagonal line downtrend shows possible bearish price actions in red. Note on the dates referenced from today 7th April 2021 00:00 (UTC +8).
I. 11th April 2021 – 0.0019
II. 14th April 2021 – 0.0013
Centric is an innovative dual-token digital currency and decentralized blockchain protocol built on sound economics. The dual-token model rewards adoption with a fixed hourly yield, and stabilizes over time as it self-regulates token supply to meet ongoing changes in demand
Follow up from previous TA link:
Trend-based patterns (The WHAT):
1st Low: 1st April 2021 – 0.0013 (start of breakout, uptrend)
1st High: 3rd April 2021 – 0.0039 (185.5% increase in 2 days 8 hours, peak)
2nd Low: 5th April 2021 – 0.0026 (-32.74% increase in 2 days)
Market Cipher is used for giving confirmation signals.
Market Cipher (The HOW):
1) Momentum wave:
2nd April 2021: 1st green dot on momentum upper wave based on daily chart was on 2nd April 2021, in between 2 red dots. This shows price action was supposed to go higher but did not as per follow up red dot which means selling pressure was more than buying pressure. The momentum wave is also on the overbought zone, signifying selling pressure was more than buying pressure.
6th April 2021: 2nd green dot on momentum upper wave based on daily chart was on 6th April 2021, follow up with a red dot on the same day 8 hours apart. This shows price action was supposed to go higher but did not as per follow up red dot which means selling pressure was more than buying pressure.
Selling pressure was more than buying pressure can be confirmed with additional check to red candles with bottom wicks and narrow body on both dates.
2) Wolf Pack ID
Wolf Pack ID measures trend strength, which is to be applied AFTER we are done analysing momentum wave.
2nd April 2021: Wolf Pack ID was quite high, indicating strong trends for the upcoming 4 hour candle bars.
6th April 2021: Wolf Pack ID was better than average, indicating weak trends for the upcoming 4 hour candle bars.
7th April 2021 00:00 (UTC +8): Wolf Pack seems to crossing from red to green, indicating strong trend for the upcoming 4 hour candle bars.
3) Gann Fan and Fib Retracement
X-Y coordinates between vertical line and horizontal line from the top of 1st April 2021 and draw Gann fan on a 45 angle
X-Y coordinates between vertical line and horizontal line from the bottom of 1st April 2021, draw Gann fan on a 45 angle.
4) Price Predictions:
Gann Fan identified key resistance and support levels as per white diagonal lines. 0.0028300 at 6th April 2021 will be used as reference.
White diagonal line uptrend shows possible bullish price actions in blue. Note on the dates referenced from today 7th April 2021 00:00 (UTC +8)
I. 8th April 2021 – 0.0034
II. 10th April 2021 – 0.0039
III. 16th April 2021 – 0.055
White diagonal line downtrend shows possible bearish price actions in red. Note on the dates referenced from today 7th April 2021 00:00 (UTC +8).
I. 11th April 2021 – 0.0019
II. 14th April 2021 – 0.0013