CND has been a bit fickle with the 2700 number on its way up. coming into a short term wedge (people trading cnd seem to be watching small time spans). I expect it to break up. Target for 3100.
if triangle isnt broken by CND, you can trade inside the triangle, buy low and sell at high.maximize 25% profit
if triangle is broken you can buy for 50% profit
CND has been very up and down today, swinging quite regularily by 5-10% every 15 minutes. It's been respecting the gann fan, but coming up on a pinch in next half hour. My guess is it will break down, then come up.
I've been buying and selling this one all day, but it also may be a nice hold. It's a pretty unique crypto in that there is a working application...
Price moved in channel, break it and moved to new ascending channel.
Price break Triangle in upward direction
Entry: 1162 - 1200
Target 1: 1625
Target 3: 1971
Please reference Chart.
1. The current CND channel, marked in purple, shows the potential for completion of Elliot 5 Wave which states that price action travels using a 5-point wave followed by a 3-point correction.
This would leave CND with one more wave back to the top of the channel at about 1550sats, and would then experience a 3-wave corrective move.
The...
A perfect Elliot 12345 Wave to 999 sats today 4th Jan 2018 followed by what I believe shows could be a dip to 750 sats in an Elliot ABC correction near the low 4 of the prior Wave 4.
Things to note:
Wave 2 correction was sharp!
Wave 4 correction was flatter!
![CNDBTC: Cindicator [CNDBTC] Uptrend Breakout](https://s3.tradingview.com/3/3aadS6ff_mid.png "Cindicator [CNDBTC] Uptrend Breakout")
