#Cindicator $CND $ETH - BINANCE - S/R
The Volume died and with it began a slow and horrific bleed-out. One small glimmer of hope during the March Madness Alt-Season. Short lived.
Last weeks candle does give us a spinning top which indicates indecision, so it wasn't super bearish or bullish. ...
This instrument has held up pretty well through the FUD. Managed to hold the 200SMA on the 4hr which is a must for my long positions. This and the buy volume on extensions has me convinced buyers are coming in and it's just the beginning. However, this slight uptrend has been with minimal volume, meaning it "might" still be consolidating. Low volume on the way...
Just being honost.. im not a pro and still learning like many people do.
Reason i made this is and post this is because i believe in CND product.
ofcourse i know the pattern could show us a down trend (even a H&S reversal pattern if im right.)
But i hope/believe the support line would make it bounce up again. (i think it made a little bounce already.)
Ok guys, CND/ETH suffered a couple of tough support failures yesterday. If it can maintain it's current support, then it has a chance of maintaining an uptrend. If it falls below it's current 1/1 support and then the subsequent 2/1 support, expect things to get nasty.
Hello traders - Attempting to read CND/ETH move so far and trying to put it in a right perspective by using Fibonacci, pitchfork. CND/ETH seems to have completed one impulse wave of 1-2-3-4-5 then corrected in A-B-C fashion retraced 78.6% on Fibonacci entrancement. Looks like CND/ETH has completed 1st leg of 2nd impulse wave and price is now rejected from the...
A quick lock at Cindicator/Ethereum reveals that price has been
pushed below the Cloud and has revisited and been rejected by
the broken trendline. Dec 10 price touched the Monthly pivot point
and has held above today. If price consolidates we may see some
appreciation and perhaps another test of the trendline from below or
a test of the Cloud. If price close...