Long
CND
I only chart shitcoins on weekly and daily Time Frames if I can help it.
Weekly looks like the beginning of a reversal.
Price dipped into my buy zone as previously stated and my position is filled.
High probability take profit zones are marked on this chart.
Weekly lows have been rising as you can see on the orange horizontals. And because of strong buying volume in this range between 200 and 400 sats, the lower highs are not concerning to me at the moment.
Long term trade
Red horizontal is a daily zone (see chart below) which price action must close a daily candle above (two previous failures at that level) to break out of the current range a failure at that point and drop back into the range is a likely signal for continued sideways action and possible retest of the range lows. Even buying here and exiting ate that range high would be a 30% trade. I do not might closing this trade below that horizontal if there is strong rejection above or near that area.
That is the first significant level to watch for a breakout. If CND can close a daily candle above that level and continue up I will target the TP zones in the weekly chart.
Weekly looks like the beginning of a reversal.
Price dipped into my buy zone as previously stated and my position is filled.
High probability take profit zones are marked on this chart.
Weekly lows have been rising as you can see on the orange horizontals. And because of strong buying volume in this range between 200 and 400 sats, the lower highs are not concerning to me at the moment.
Long term trade
Red horizontal is a daily zone (see chart below) which price action must close a daily candle above (two previous failures at that level) to break out of the current range a failure at that point and drop back into the range is a likely signal for continued sideways action and possible retest of the range lows. Even buying here and exiting ate that range high would be a 30% trade. I do not might closing this trade below that horizontal if there is strong rejection above or near that area.
That is the first significant level to watch for a breakout. If CND can close a daily candle above that level and continue up I will target the TP zones in the weekly chart.
Note
Original post:
Note
Heavy breathing Note
That ramp...Trade going well so, far, CND continuing to trend bullish.
Note
Hitting that resistance zone between Weekly res (orange) and daily res (grey)Important for price to get above there, or consolidate right below. A strong rejection there means more sideways action likely and possibly another test of the lows.
Note
Starts forming at the mouthNote
Trade has been going well. A consistent ramp with HHs and HLs since entry near 300sats, Now trading above 400. A breakout from this level below the daily and weekly resistance (426-403) will likely come with high volatility, and a strong pullback/bleed after. Weekly chart below for TP zones.
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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.