Today PolyCUB did something which was not expected and outperformed the CUB's performance, will take about it later but let's discuss a little overall market structure. Welcome.
Achieved.
As per my analysis, we did reach the expected level successfully although it is not looking like we will be able to close above it as of now we must not lose hope for doing that because we are pretty close and we also have a day or 2 to reach there. I did a little bit of buying around the mark where it formed the support and if you think I would be booking something =g here then you are completely wrong as I have no plans to sell CUB at these prices, I am not trading but rather accumulating at the prices I feel would be good to buy.
Source: tradingview
One negative thing is that we are receiving pretty long wicks from the upper part of the candle which in most cases is a bearish scenario as I said that we could receive a correction from the line I did draw there and thee wicks have the power to boost that thing up. I won't consider you to buy here (personal opinion) as you could get it a little cheap in no time.
We did also get the most volume yesterday since the start of the year.
Let's see how everything goes, I would wait 2-3 days before predicting an upside or a correction move as we have to see how the price reacts at the level, if it closes then it will be very good as there will be high expectations that the price could go up but if it continues like this then we might get the price back to its recent low of $0.018 zone. Plenty of buying opportunities if it comes, will talk some other time.
PolyCUB Fire!
Nothing happened yesterday but today we got a little bit of buying which straightway boomed the price although the chart exaggerated the price movement a lot it is around 2-3% which is still a good move for the price of PolyCUB, for a coin that receives no volume some days, yesterday only.
Source: CoinMarketcap
Volume is just swinging like nothing, just waiting for the day to reach the volume of $1000 disrupting the chart heavily.
If you would like to refer to volume, here is the graph:
Looks funny, eh...?
Price action for PolyCUB is not possible as of now as shared that first of all there is no volume some days due to which the data as a whole is not completely available on trading view and even if I extract it from coinmarketcap then it looks dumb as fuck so when PolyCUB will become a little strong, we will be analyzing it far, far more deeply. moreover, CUB as we yesterday talked about its RSI number, increased by 2 today from 45 yesterday to 47, and in the past month or 2, it would be the first time that the CUB's RSI will achieve its "bought" zone.
You can refer to dashboards of both the coins on threads here for January 10, 2023...
CUB
PolyCUB
Remember that nothing here is financial advice and is just shared for your enjoyment.