Chart of the Day: Cindicator (CND)

in cnd •  9 months ago  (edited)


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We have a possible bullish reaction in Cindicator (CND) over the last few days. The CND chart falls into the 'better bottom soon' candidate as it is now below the .786 retrace of its all time low to high. Ideally, that is that last fib level you'd want to see a wave 2. Although as long as above the all time low it is valid according to the writings of Elliott in the 1930's. We should complete a 'nano' 5 wave fractal soon, requiring a move over .02. And, if we do not break the recent low after that, I"ll be watching for the next degree to setup a rally to 15 cent region called out on my chart as (i).

CNDUSD - Primary Analysis - Sep-13 1713 PM (1 day).png

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Thank you brother like my logo

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Well, you got that move over $0.02. Just wondering: in your count it looks like you ignored the spike down in June. Is that true and if so is it because you consider it an anomaly/artifact due to low volume?


It is interpreting for sure. It doesn't look right and I assume its an anomaly. Usually I cross check exchanges but I don't have that option here. It looks like slippage and yes no volume behind like you'e expect on a big bar like that.

Thank you @wildtrader for the upvotes on my post. This upvote has been made by @edryne678 in returned to the support you gave.

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I embarrassedly say that it was my bot that voted you :). But I'm happy to share. But since you bothered to come thank you, I will head over and read your post. :) STEEM-ON!

what is it sir?


A cryptocurrency

very useful information, thanks for posting!

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