CUC/USDT; technical analysis April 2023. The buyers have taken over CUC and control the price
Dear CUC users and fans,
April proved to be a very good month for our CUC, in which it was shown that CUC buyers have great confidence in our project because they did not allow the price to remain at an unrealistic level. So, right at the beginning of the month, on April 3, they returned the price from the level of 1.80 to the level of 3.00 USDT.
After that, only once did the price touch the level of 2.00 usdt, while throughout the entire month of April it moved at the level of around 2.70 to 3.00 usdt, which level was attacked 3 times. At that level is the daily MA 200, which is also a resistance level.
However, as we are writing this analysis on May 8, and the chart is from May 5, yesterday we witnessed the crossing of that daily resistance MA200, and today we see an attempt to break through the level of 3.00 USDT. The next resistance is at the 3.50 to 4.00 USDT level, so we will see how strong it is and if the traders are willing to sell CUC again at those levels as before.
As you can see on the graph, a very strong ascending triangle has been formed, which may mean that the price will go strongly higher. Be careful, because liquidity is still quite low, so there can be big daily changes in price.
Considering the upcoming very important changes in our project, which will be announced this week, it is certain that May will be a very interesting month for us.
CUPRUM COIN, The Cryptocurrency of the Future