ZRX has recently set a new all-time low against Bitcoin. Last time this happened in September 2019 after months of sales against Bitcoin, which back then just ended a short-lived bull run.
Soon after that low, ZRX bounced up by +40% a week. So now many traders are curious if this setup would happen again.
We’ve asked the following question on the Cindicator...
BTC’s recent correction to 30k sparked talks of a new alt season with many traders considering switching from Bitcoin to other crypto assets that might shoot up.
To dig deeper into this idea, we’ve posted the following question to the Cindicator platform:
“The cryptocurrency Market Capitalization settled at 925.74B USD at 09:40 AM UTC on Wednesday, January 13....
Another altcoin pair that can soon move is called CNDBTC for Cindicator vs Bitcoin... Let's take a look at the chart.
Yesterday's candle closed with a long-wick facing up after EMA50 rejected CNDBTC's growth.
The chart isn't looking really strong, but other altcoins that had this same chart are already breaking above resistance and moving up.
The RSI is...
Let's start by looking at the long-term chart on the weekly timeframe, see this:
From current prices to ATH we have over 3900% potential profits... Now, let's take a closer look.
We have multiple interesting signals on the main chart, we are looking at the daily timeframe here, let's get started!
First, a strong...
Exchange : Binance
Buy Zone: 0.00000098~0.00000093
Target Point: 0.00000103 / 0.00000107/ 0.00000113/ 0.00000119/ 0.0000013/ 0.0000014
Term: Middle - Long
It`s making Bullish Pennant
There was one breaking because of Bitcoin`s movement, but it came in Bullish Pennant
If Bitcoin is ok, it`ll be no problem...
The Cindicator pair (CNDBTC) is now challenging strong resistance which can lead to one of the following scenarios:
1) A strong break above 0.00000105 can lead to an impulse move targetting 55%+ of growth.
2) If this level can't be broken, support is likely to be tested before another try to move up.
The chart is really bullish right now and the RSI very...