This coin has been in 900 range for and accumulating slowly. FA is strong too. Thin cloud on the 6hr. Sell target 3200 near previous ATH.
Entry: 900 zone
Target: 1320 / 1750 / 2050 / 2350 / 5700 / 3200
OK! this is potential bomb now. CND accumulation phase was so long that when it starts its bull ride we are going to see 50% at least. Strap on people.
Don't just blindly buy now. Make your own research and be aware that BTC is still the king in this game!
I am getting excited seeing alts starting to breakout. Looking at small time scale charts it is clear to me we are seeing elliott wave impulses coming back in an upward trend. I think we are about to see a nice breakout with CND.
This is a low risk trade if you follow this chart to set your buy or sell zones with Stop Losses.
I am making this chart a 'LONG' trade because I see massive accumulation out Cindicator has been in. It does look healthy and if we look at prior weeks we will see that compared to other currencies, this one is actually somewhat stable. I do not anticipate a shot up...
This is a medium risk trade. We have not labeled it as High risk because volatility has come down by a lot since few weeks ago. We are just slowly moving sideways in what is called an 'accumulation' zone. That means that it is getting itself together before it does the next run up or a bull run which can last anywhere from just 5 days to 52 days.
INDICATORS...
The figures on the left indicate precious performance for Cindicator (CND)..
It has done exceptionally well on a number of occasions, and I believe this next movement to not be any less spectacular.. It is in a stage of the cycle where it might hit resistance at the pink dotted line.. This is normal.. Take profit there and rebuy on the retracement if you so...
Here we have a coin we have caught early stages of breakout, we enter and we stay safe with a tight stop loss.
10% profit ahead, this coin is moving fast even while I am typing so we don't expect this to be a long trade.
You can open positions, stop loss 1% below green line....
Targets are blue lines....
You will see we have sone massive volume coming in with...
Possible we see the end of extended wave 3 that can retrace to green box where we can spread our buy orders. Wave 5 will be not less than lenght of wave 1 then.
CND can go up with support Triangle Pattern and MACD
Buy a fews and hold it
Buy order : 940 - 1020
Profit target:
(1) 1200
(2) 1400
(3) 1600
(4) 1800
Stoploss : 880
Good luck everyone
Thanks
***This information is not a recommendation to buy or sell. It is to be used for educational purposes only. it should not be considered financial advice***
We're seeing consolidation on the 1hr chart which is not only healthy for growth but also a good sign that a price break is coming.
The blue 200 ema which is right above us having been giving trouble to the price which has struggled to stay above it. So the 200 ema is my short term target.
As shown on graph, 0.786 fib level will be hit and it also correspond to a retracement to the long term growth.
A bounce could be expected from this level.
If it break this resistance, we could see a bowntrend heading to 500 sats level.
However, this could be a good opportunity to buy CND right after bounce.
