Viktor Karapetjanc
Crypto Post
idicator has decreased from the all-time high of $0.38, down to $0.055, loosing over 80% to the USD. However, CND/USD found the support at 88.6% Fibonacci retracement level that has been rejected cleanly.
As the support is holding it is likely that the long term uptrend will resume from this point onward and could easily multiply by 10 times, considering how cheap the token price is currently. The first strong resistance is seen at $0.58, that is 161.8% Fibonacci retracement level, and just over 10 times target from the current price.
The only way consolidation can be extended is if Cindicator weekly close will be below $0.055 and those who likes safe entry, perhaps is better to wait until CND/USD starts to produce higher highs and higher lows.
All writers’ opinions are their own and do not constitute financial advice in any way whatsoever. Nothing published by CryptoPost constitutes an investment recommendation, nor should any data or Content published by CryptoPost be relied upon for any investment activities. CryptoPost strongly recommends that you perform your own independent research and/or speak with a qualified investment professional before making any financial decisions.
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