I also am a big fan of the tech here with Cindicator, love the real world application. Was waiting for an entry and today is a great opportunity. Double bottom and the dip got bought real quick. Oversold still. This is the 4hr chart so it may be a medium term swing but I'm liking the r/r with stop underneath the second support line (red)
Cryptocurrency Market Capitalizations Rank 74 Cindicator (CND) CND/BTC is forming a falling wedge pattern at this moment. We are waiting for a breakout with significant volume for an entry, stop loss to be set under support level stated by Ichimoku analysis. Therefore keep an eye if the falling wedge pattern breakout happens near 0.0002500 Good Luck
Cindicator has a great looking chart. The entry is late but I really like the setup. It's also uncanny the way the last two moves played out. Check the chart out, both peak to troughs were literally 0.00001740 Satoshis. Target: 0.00004 Stop: Below Trend Line
INTERPRETATION Wave 5 bull run not exceeding Wave 3 to complete Motive wave before initiation of Corrective wave. If current interpretation holds true, consider next entry end of correction. *Caution: Elliott Wave predictions have not been completely developed. BUY SIGNALS - Elliott Wave 5 possibility - Green cloud (buying pressure) CAUTIONS/CONSIDERATIONS -...
I think CND found good support while retracing (4) Point 4 did not retrace lower then Point 1. Now on its way to ATH. I find it hard to predict where point 5 ends. Who can help me out here?
CND is now correcting from its ath. The correction seems to be happening in a channel, making this a range trading opportunity. Buying around the bottom of the channel (on RSI oversold) seems a good opportunity. Though we have to keep in mind that the correction can always break the channel and go lower as cnd has done a big and fast run.
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.
Spotted this nice pennant after CND's pump. Will it breakout?
Nothing to say more, simple as it is.
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
If CND can remain and close above 660 and show a nice bounce to stay inside that wedge, things could be looking bullish. I will watch closely.
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...