Cindicator Shows 3940%+ To All-Time High, Bottomed Out Now!

7 Oca 2020

Let's start by looking at the long-term chart on the weekly timeframe, see this:

From current prices to ATH we have over 3900% potential profits... Now, let's take a closer look.

We have multiple interesting signals on the main chart, we are looking at the daily timeframe here, let's get started!

• First, a strong bullish wave took place from Oct. until Dec. '19, peaking at 111%+.
  
• A strong correction followed and prices found support at 78 satoshis... This support level has been holding since the 23-Dec.
  
• Volume came to a halt, signaling that the drop lost its momentum.
  
• Now we are seeing EMA10 being challenged but still with low volume.
  

Price action
If CNDBTC manages to break EMA10 on good volume, then it can start to grow from here (blue arrow).

But if instead EMA10 can't be broken, we are likely to see prices moving lower before they move up (red arrows). On a drop, we still remain bullish and expect a very strong bounce/reversal as long as prices remain above 53 satoshis. If the 53 satoshis support is broken, we switch our perspective from bullish to bearish.

Thanks a lot for reading.

Namaste.