darkpiggie

ascending triangle for cnd/btc, testing resistance

Long
BINANCE:CNDBTC   None
CND/BTC is testing 0.00000088 resistance.
This value has been touched multiple times.
The more it is tested, higher the chances of breaking it.
This coin has a history of big pumps out of nowhere. With big wicks of 60+% in one day.
Many alts with low cap behave the same for obvious reason.
Although it's a low cap, the project has a decent reputation. For those who haven't heard about it, it's an AI driven app, which predicts the market trends.
The fundamentals are bright, but I prefer to look at the technicals mostly.
So a breakout with VOLUME of the resistance could initiate a new uptrend.
Trading coins with low cap is always riskier, so do your own research before you trade/invest into anything.
This post is for educational purpose only, not a financial analyst.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.