Long
CDT analysis
I think CDT will go towards the yellow box, and bounce back up like you can see with the pink lines on MACD on the previous dips.
It'll test the recistance and might not break through. If it does, great, if it doesn't it will test the support again to try for it's last leg up.
It will most probably break the recistance then.
BUT
in the case that it doesn't break the recistance we will see a break down the support.
Anyway yellow box is great buying opportunity
It'll test the recistance and might not break through. If it does, great, if it doesn't it will test the support again to try for it's last leg up.
It will most probably break the recistance then.
BUT
in the case that it doesn't break the recistance we will see a break down the support.
Anyway yellow box is great buying opportunity
Note
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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.