shollows
Long

Strong resistence mapped for CNDBTC

BINANCE:CNDBTC   Cindicator / Bitcoin
Expect strong resistence at these points for CNDBTC
This is a map of resistence, not price targets
In other words, I expect the price to pause or pull back at, or just under, those prices - but I have not analyzed other factors to determien which of those levels will be achieved.

0.00000100
0.00000093
0.00000090
0.00000087 - as mentioned in my prior post. This has already occurred

I have listed these prices due to significanly higher than usual sales volume in the order books at those levels.
I am not seeing strong resistence at at x100, but that is a nice round number so it should provide strong psychological resistence.

If buying pressure is strong enough the sales orders will eventually be eaten through.
After breaking through those prices there is much less resistence just above those points.
As a result, if the price breaks through it will tend to rush through the wak sales orders until it gets to the next target price where it will pause or pull back.

Do your own research and look for other opinions before you jump in the water.

Happy trading
Trade closed: target reached: Heavy resistence encountered as expected and the price has pulled back

Closing

Comments

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