Cindicator the USD pair can be seen to have formed a head and shoulders formation
This is considered a bearish pattern at this point, once the right shoulder has formed and completion of the pattern is underway
As you all know, CNDBTC is not performing well from last 10 week and according to the Chart patterns, Strong Support is formed and also indicators giving bullish signal.
Short term Trade, DYOR Before taking trade, as i'm not responsible for your loss.
RISK FACTORS:
Market/ BTC CRASH
Happy Trading :)
Good Luck!
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Binance Smart...
⏳ Spot
💎 CNDBTC has formed a Falling Wedge. After the breakout we see several Green candles but the price might go down for a Pullback before it continues to go higher.
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🏁 Short & Medium Term
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🎳 Entry at Market or at 0.00000030
☕️ TP1 0.00000040
🍺 TP2 0.00000047
🍻 TP3 0.00000062
🍷 TP5 0.00000080
🍸 TP6...
BINANCE: CNDBTC
-Cindicator is dropping hard during Bitcoin sell-off
-Almost all coins will suffer the same faith as Bitcoin's action
-CND is about to test the 1st key area of support around 92 sat
-If we can see a Bullish rejection within this zone
-This could signal a new support territory in the short term
-But if this region also fails, the next stop is at...
CND/BTC
-broke long term trendline support
-previous support acting as a new resistance line
-there is a bullish RSI divergence on the daily chart
-has potential to retest previous low and form a double bottom
-if the downward trendline is broken, upside target is up to 76 sats
-must hold break previous low at 48 sats otherwise, it will drop deeper
