Long
CND clear upward trendline - ignore BTC dump and PBC pump
I was watching CND before the Palm Beach Confidential "pump" happened a week ago (see tradingview.com/chart/CNDBTC/ROfdeYk9-CND-BTC-Binance-ascending-triangle-reversal-pattern), and identified that a reversal had likely taken place. Then, of course, BTC dumped and then the PBC pump.
But don't let that fool you. CND *has* undergone a trend reversal, as far as I can see (trendline drawn so you can see it). Basically buying support and selling the tops should be what you want to do for trades. Honestly, my play is to continue to accumulate and then when the crypto market goes parabolic again, I'm very confident at this point I can sell my stake in CND for a very handsome profit.
But don't let that fool you. CND *has* undergone a trend reversal, as far as I can see (trendline drawn so you can see it). Basically buying support and selling the tops should be what you want to do for trades. Honestly, my play is to continue to accumulate and then when the crypto market goes parabolic again, I'm very confident at this point I can sell my stake in CND for a very handsome profit.
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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.
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.