BINANCE: CDTBTC
-Blox is now testing major support at 61 sat area
-This zone is also a confluence of previous support and resistance
-Plus the 200D MA dynamic support coincide around this area
-If CDT can hold this area and BTC doesn't fall further
-There is a chance of an upside correction up to 90 sat potential resistance
-Ideal stop loss is set below 59...
CDT/BTC
CDT is trading within the trendline support at 46 sats area.
This is a good potential bounce play if CDT can hold this current price levels in the coming few days.
The upside target is up to 90 sats and stop-loss below 39 sats.
CDT/BTC
CDT is back at key support and testing it for the 3rd time now. If the price can hold this level as support again,
I expect a potential bounce up to the down-force resistance for another retest.
Otherwise, fail to hold this important support will cause massive selling pressure.
Good day traders
We got a BUY signal on CDTETH from SwingBot
Trend: Bullish
Trade Risk: Low
Price above SMAs
RSI: Bullish
BuyZone, Possible targets and Stop loss are indicated on the chart
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If you...
$CDT is in accumulation phase and showing clear bullish divergence on daily MACD.
It has a working product, decent PPT and great supply/price ratio.
Green - buy. Red - sell.
It's not a financial advice.
Trade carefully and good luck!
