Greetings everyone, I was just analyzing the Cub price graph and just came across a thing that just like me might even amaze you as well although it could go another side that we will discuss in a moment. One thing before starting i would like to share is that before this I thought of combining Polkadot analysis with this because there were also many poortunties arising and also the CEO resignation they had and effects and even I wrote that post but due to some reason I got that who analysis deleted and all the data and stuff and therefore I am not able to post those things again at the moment.

I tried to recover but could not able to so I am leaving that for some other day, soon for sure and till then look what The Baby Tiger, $CUB has to say!

$CUB

Chart from CoinGecko.

What you can see here is a price movement of $CUB over the past 1 month but that is not what's having the power to amaze you rather it is the consolidation. Look at the start of the price, that's the time of September ending and October start. In the last week of September, $CUB faced a deadly, very low volume consolidation although in most cases volume is on a decline when the price is consolidated and if you have seen any of my earlier posts or even any trader's video, there are many chances that you might have noticed or heard or even looked yourself in price that after consolidation, usually, a big move comes.

This move could either be bullish or bearish but the probability that a "big move" would be coming is very high and that is what happened.

After the price consolidated at the end of September, a bursting move came into the price of $CUB which sent $CUB from a price range of $0.021 to $0.027 in just a short period. This pump might not be useful now but the data it gives is. Right now we are heading to the last week of October and heading to November and,

We are in asame consoldation area.

Could the price pump from here? Who knows...

But the probability is could pump is very high and if that happens, this would be creating a bullish trend because the low point from which the price pumped at the end of September, the price has not approached there yet and is still kind of far away from there so if we receive a big or even a small pump from this level then we can think of a bullish trend for some time in $CUB until and unless Bitcoin does not give a fuck.

Another reason I think that the chances of a bullish move are higher than a bearish move is that even if the price does a breakdown from the support level, there is a very strong support level sitting at $0.02 which is none other than the previous pump from the consolidated area.

Another reason why $CUB can go up is that the price is right now forming a wedge pattern in that consolidation phase and that is not a bearish wedge but rather a bullish wedge also this is a very common pattern that gets a lot of respect in the markets which are trending especially.

Cub Finance

Demerit of this pattern. This Falling wedge is although a bullish pattern but could result in a bearish scenario here, why?

Because a falling wedge is a continuation pattern like if the price did a bullish move and then formed this pattern then there are chances that we would be getting kind of a similar bullish move ahead as well and the same if the price did a bearish move and then formed rising wedge (opposite of falling wedge) then we could expect a similar bearish move in the price thereafter.

Although this is a bullish pattern but is forming after a downfall so this is a doubt that I am having.

Should you buy $CUB here? If you are a swing trader means you would be waiting for a week or 2 to sell the $CUB you have bought then this could be an opportunity to buy because of the analysis I have shared I feel so but if you are a long-term investor then you are not required to do any of this and just keep doing DCA (Dollar Cost Averaging) if you feel $CUB or complete Cub Finance has a future. I would be collecting $CUB due to some reason which we might discuss some other time.

Thank you for going through the post and I hope you must have enjoyed reading through it and have attained value from it. One thing I would like to tell is this is not financial advice and all are just my opinions agreeing with the lovely community. Rest I would like to say, have fun with an incredible rest of your day ahead! SANJAM

Posted Using LeoFinance ^Beta