So I am like you guys, I see all these charts saying could go up could go down. I have made money and also lost money. I have started looking at things for myself and have doubled my money in less then a month. SO I will keep this simple, I dont need to use all the Tech Analysis as I see everyone else do. I look at the basics, how much is the crypto? Is the price cheap? Is it expensive? Whats the pattern?
This brings me to this post.......If you look CND has formed a double bottom. If you look the price has VERY rarely reached these levels, these are great entry zones and the risk/reward is very good as well. As always put a stop loss...... This is analysis is just for fun please do not base your life/funds on it.
I suggest buying around 200-230 and selling anywhere between 350-400. This keeps it very simple, sell when you feel the time is right. Also if you look the price has held between 350-400 consistantly no reason for it to stay this cheap for long. Be aware though, if bitcoin starts pumping altcoins usually get dumped and people buy into the bitcoin. And with the activity we have been seeing this is a possibility.
anyway just wanted to give a different type of thought out there!
This brings me to this post.......If you look CND has formed a double bottom. If you look the price has VERY rarely reached these levels, these are great entry zones and the risk/reward is very good as well. As always put a stop loss...... This is analysis is just for fun please do not base your life/funds on it.
I suggest buying around 200-230 and selling anywhere between 350-400. This keeps it very simple, sell when you feel the time is right. Also if you look the price has held between 350-400 consistantly no reason for it to stay this cheap for long. Be aware though, if bitcoin starts pumping altcoins usually get dumped and people buy into the bitcoin. And with the activity we have been seeing this is a possibility.
anyway just wanted to give a different type of thought out there!