Hello everyone, I know that 99% of you must be very happy right now with the market situation until you have not any short position here or before because in most cases you must have been liquidated. I remember reading a tweet that more than $1 billion has been liquidated in the past 1 week in short positions so it makes sense for those to be sad who were short anyways, CUB and polyCUB are performing pretty well and PolyCUB is shockingly doing better than CUB at times which I did not expect would be happening. Let us discuss about the CUB a little, PlyCUB's charts are beautiful, do not forget!
Source: tradingview
I did not expect we would be able to break that white trendline this easily but fortunately, we did. To be honest I did not buy there due to that fear only but no problem would buy some other time. So as it got broke with kind of good momentum as you can see, we are heading to the main resistance zone, the wick has already approached there. It is a major resistance because we before formed pretty good supports there and as you can see after it got broken, we dumped hard from there so there is a chance of getting rejection from there but it is not confirmed yet. Someday it will break, we do not know when, maybe today, who knows? That is why we need to wait for a day or 2 and analyze how the price behaves, it we did not get any volume or price sustains there then we can think of a bearish scenario there, or if a straightway dump came then the reason for that will also be known for us. I would not buy it here, either let it dump to some nearby support xone or break it and comes back here again for a retest.
Before jumping onto PolyCUB, I would like to talk again about the Fear and greed index. As you can see in just 3-4 days it has jumped from the mid-20s to above 50 which shows that the minds of people can be changed in just no time. Good thought by ovely me haha...jokes aside, it keeps rising which indicated that the market is in an extremely bullish scenario and it is expected that it could even go to a greed level pretty soon and if it goes then be careful in that case. We do not know if it jumps to 70 tomorrow, that depends on the market and its metrics. Do not go with the crowd.
PolyCUB is Beautiful
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Source: coinmarketcap
The chart looks amazing..eh? No technical analysis for this because it is kind of a weirdo price-behaving coin as we have already talked about so many times in the previous posts. But for some internal satisfaction, it s good to see such charts.
More than M!
In our previous threads, we were having fun with the thought that only cub to make an M in the volume graph. Why? Because we did not anything else to do and wanted to have some fun but fortunately we did not get that and instead the shoulder for M reached pretty high than expected. PolyCUB's volume graph is just as weird as its price graph haha... let's see if we would rise to Olympus today or go as down as a hill in volume. I want it to keep generating a volume of at least $1000 a day because that keeps the coin such as PolyCUB healthy which is not happening right now but let's see if it does in the future.
You can check the Dashboards for both CUB and PolyCUB for January 14 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.
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