Welcome everyone for the best of January as of now for CUB. Why?
You will know in a minute.
Due to recent bullish momentum in the entire crypto market, whether it is for bitcoin breaking $400 Billion in market cap or the crypto market reaching $1 trillion, CUB gained volume. I know the previous sentences do not make much sense but I just wanted to spit out some facts. Back to the point, as you can see, recently CUB did dry to go above $0.0205 but failed to break and now formed long wicks, this shows the selling pressure around that area.
Source: tradingview
Due to all this activity of first pumping that up and then dropping, it generated plenty of volume 9comparing with past days) which is more than $24000. This is good for CUB because if you are regular with the data then you will find that it usually only gets between $1k to $5k so getting 5 times the normal is ultimately good. RSI also keeps rising up and unfortunately or fortunately about to enter the "Overbought" zone in the daily time frame (you must check the dashboard for that).
On the other hand for MACD and NVT ratio, MACD keeps up its bullish momentum sign while NVT is on a significant drop than usual numbers due to higher numbers in volumes. Technically, we might see a few sell-off days very soon which could drop the price to lower support levels but we still need to wait for that because it is not confirmed that e received the rejection from $0.0205 as it is sustaining there just like it did with $0.019 a few days back.
Me not doing any buying or activity here and would wait for either CUB to break the $0.0205 level and comes for a retest (I did a little buying around $0.0108) or wait for it to drop a little, to the levels I feel it is good to accumulate. Good amount of talks for CUB, let us go to its brother, POLYCUB
Source: coinmarketcap
PolyCUB did not perform quite similarly to CUB as we did experience a little sell-off today and also a volume drop in the past 2 days from around $700 to $300-ish.
Although PolyCUB is trying to rise in price due to such uncertainty in volume, it is not able to provide any good data to analyze. We might not know, probably it won't generate any volume tomorrow. Just due to this irregularity and low volume amount, we will talk about its price (technically) later.
Fear & Greed
It is unexpected from my side but the fear and greed index dropped a little today, maybe due to the consolidation in Bitcoins price. it was about 50 days before yesterday but right now it is around 45 points which although does not seem like that big of a drop but still reflects how fast the sentiments of people change about the market.
Furthermore, for dashboard data, there has not been any increase in the number of holders for both CUB and PolyCUB, PolyCUB's holders are stable for the past 2-3 days but in contrast to this CUB's dropped a little, from 1391 yesterday to 1387 today. Let's see when we will get these back.
For the overall market structure, I do not feel much bullish or bearish as the price, particularly for bitcoin, is consolidating near the resistance zone which could lead to an intense upward or downward moment at any point in time. therefore, I am just watching the market with patience.
You can check the Dashboards for both CUB and PolyCUB for January 15 here:
That is all for today, I am completely patient with the CUB and accumulating it when I feel it is good too, you could follow here for regular CUB and PolyCUB analysis through posts and threads.