Cindicator (CND) to 25 cents

The weekly chart above is incredibly bullish following a lengthly period of consolidation and oversold condition on the daily chart (not shown here). The idea is almost identical to the Funfair & Neo Gas ideas recently published, which have returned 800% & 540%, respectively, in a matter of weeks.

Why bullish?

1) Trend reversal. Price action is no longer printing lower lows.

2) Past weekly resistance becomes support.

3) Price action closed a candle body above the 21-week & 50-week EMA following a weekly cross (blue highlight) - very bullish.

Target? 25 cents or 1500% from from current price action.

Is it possible price action falls from here? Sure.

Is it probable? Unlikely. On the daily CND/BTC chart below price action has broken out from consolidation and is now retraced to the golden ratio - perfect! Whatever Bitcoin does in dollar terms, it is unlikely to be of impact to the dollar value of CND.

Bình luận:

A fundamental - thought was worth adding here as a Bloomberg subscriber myself. In the last 4 days:

" Cindicator brings ‘Hybrid Intelligence’ data to Bloomberg App Portal users "

"The addition of CND to the Bloomberg App Portal, enables Cindicator to deliver Hybrid Intelligence scores to Bloomberg’s community of over 300,000 users among institutional investors. These new indicators provide Bloomberg Terminal subscribers with valuable quantified sentiments around company earnings in addition to traditional Wall Street consensus compiled."

www.businesswire.com...erg-App-Portal-users

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90% in 7-days ;-)

Bình luận:

155% now in less than 20 days, amazing. These are amazing returns.

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I'm guessing not everyone took profits recently, there was a 'great sell' alert but I did not update this idea. I don't hold position in the majority of the ideas I publish - if you want them updated just message in the comments.

CND remains in an uptrend despite the 80% pullback, it would have been a wonderful swing trade for those of you that did so. But that time has past.

On the weekly chart below price action continues to print higher lows / higher highs.

On the daily chart there was a 'incredible buy' signal @ 1 cent.

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Higher highs / higher lows - all good

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