CND/BTC ANALYSIS
CND/BTC
CND has been on a free fall and broken thru all major MAs (50,100,200). I expect a further drop to come into play but not before a relief rally up to the major 200 MA at 95-100 sats. RSI and STOCH are extremely oversold and looking for a small pump to put them back into a neutral zone. The trend is still bearish so I expect a further drop to continue down to my buy in targets of Buy in 1 at 63 sats, and Buy in at 56 sats. I believe sellers will then be exhausted. This is a previous bottom and looks strong for a bounce. If CND does break back ABOVE all major MAs, we can then look for a take profit at 140 sats.
Possible Entries: 63 & 56 sats
CND has been on a free fall and broken thru all major MAs (50,100,200). I expect a further drop to come into play but not before a relief rally up to the major 200 MA at 95-100 sats. RSI and STOCH are extremely oversold and looking for a small pump to put them back into a neutral zone. The trend is still bearish so I expect a further drop to continue down to my buy in targets of Buy in 1 at 63 sats, and Buy in at 56 sats. I believe sellers will then be exhausted. This is a previous bottom and looks strong for a bounce. If CND does break back ABOVE all major MAs, we can then look for a take profit at 140 sats.
Possible Entries: 63 & 56 sats
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