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 bullish...
CND has been on a free fall and broken thru all major MAs (50,100,200). I expect a further drop to come into play but not before a relief rally up to the major 200 MA at 95-100 sats. RSI and STOCH are extremely oversold and looking for a small pump to put them back into a neutral zone. The trend is still bearish so I expect a further drop to continue down...
Staying strong after many alts collapsed over the last 24hs...
Currently crossing over ~136 sats resistance (& EMA200) w/ UCTS Buy signal on the 1D/2D/3D charts
RSI at overbought (bullish)
I would wait for a retest & flip as potential entry w/ target at ~190sats
I keep seeing c&h formation here and I think we are at the bottom of cup now.
I don't know whether it will move like this but I will just leave this here.
What should I look to be more certain of this possibility?
Retested crossed level at ~106sats & now is trying to push up again w/ slowly increasing volume
EMA50/200 showing a golden cross on the 12H
Aiming for an entry as low as possible, should allow a decent R:R w/ target at ~133sats (20%)
UCTS Buy signal active on the 12H
Flipped ~90 sats level into support and now is pushing up with a spike in volume
Crossed over EMA50 on the daily chart, UCTS Buy signal flashing as well
Looking for an entry close to this level with target at ~105 sats (~15%)
RSI curving up near to overbought levels
Couple of alts we are watching are making a bottom just like this one, long consolidations at weekly levels with big volume, expecting CND to be a big one.
TP 1: 0.000000105
TP 2: 0.000000120
TP 3: 0.000000196
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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...