Long
CNDBTC Touching bottom in few days.

As shown on graph, 0.786 fib level will be hit and it also correspond to a retracement to the long term growth.
A bounce could be expected from this level.
If it break this resistance, we could see a bowntrend heading to 500 sats level.
However, this could be a good opportunity to buy CND right after bounce.
A bounce could be expected from this level.
If it break this resistance, we could see a bowntrend heading to 500 sats level.
However, this could be a good opportunity to buy CND right after bounce.
Note
The large candle going down is just a single man selling 4M tokens to 850 sat. Was instantly bought and price was back to support within minutes.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.
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.