ABC pattern. LONG trade. save half on TP1.
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 wave took place from Oct. until...
CND/BTC 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...
$CND 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 #CND
Potential profit to be made, no trend can be drawn from linear regression, blue fractal indicates target of 0.386 fib level, purely going off TA rather than fundamentals when making this chart.
$CND 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 #CND
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?
Been developing painfully slow but its looking ready
Make sure to read all comments in chart
$CND 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 #CND
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. Entry: 0.00000093 TP 1: 0.000000105 TP 2: 0.000000120 TP 3: 0.000000196 SL: 0.00000079 CryptoCue is not providing investment advice and is not taking subscribers’ personal circumstances into consideration...