Technical Analysis for CUDOS.
We were mentioning the CUDOS price level and the first target between $ 0.040 to $ 0.045 in previous articles, today 2nd October 2021 we can say it was achieved successfully. At the time of writing this article today’s CUDOS high point till now is around $ 0.049, Great!!!
According to Coingecko CUDOS currently stands at rank 500 (fluctuating) with a total market capitalization of around $86,525,498 with a max supply of 10 Billion and a circulating supply of 2,076,047,705.
CUDOS Market Price All-Time Basic Technical Chart.
In the above image, we can see that CUDOS is trying to break the $ 0.040. Resistance breakout can be possible if more volume appears and bottom out may be possible at this level. The CUDOS price may continue to rise further in the coming sessions.
CUDOS Market Capital All-Time Basic Technical Chart.
The technical chart for CUDOS Market capital is looking very bullish, the market capitalization in CUDOS has given a breakout from the resistance. This result can boost the CUDOS price more and possibly continue to rise.
1-Day Candle Chart with Support & Trend Line.
In the last article, we have shown these levels will continue from the same. We have mentioned the trend line which indicated the CUDOS price was performing Higher High formation and the Trend line was also slowly moving up. Now we can see from the same level the CUDOS price has spiked and our first resistance level is achieved which is $ 0.045. Now the next movement will depend on its closing price, if CUDOS price closes near to $ 0.045, then $0.05 can be possible in next few trading sessions.
Here, we can also see one more positive thing that the CUDOS price has given greakout to the 200 Moving Average which is another sign for a Bullish Trend. We can buy more or hold more if already bought.
1-Day Candle Chart with Support & Resistance Level.
In the above 1-day candle chart, if we look at the CUDOS price by Support and Resistance Point of view then we can see the current price is trying to break the Resistance Level, if the price is successfully crosses this Resistance Level and give close price above the resistance level then $0.5 may possible soon.
Since the price is currently trying to give breakout at the resistance level, this will be a good level to buy CUDOS or add more in holdings.
1-Day Candle Chart with SuperTrend Indicator.
SuperTrend Indicator is much clear on CUDOS price as we can see the Buy indication was already given by SuperTrend, also we can see today that the SuperTrend support is moving up slowly. The earlier Support level as per SuperTrend Indicator was at around $0.022 which now moved to $0.026, the support level will keep moving up slowly if CUDOS price is becoming bullish slowly. However, the SuperTrend Indicator has already given its indication which is BUY.
1-Day Candle Chart with Bollinger Bands Indicator.
As we know that the bollinger Bands Indicator helps to identify the overbought and oversold zones, in simple words the upper line indicates the overbought level and the lower line indicates the oversold level.
Here, if we look at the CUDOS price with Bollinger bands, we can see the upper band has spread which is an indication that a good amount of volume is appearing into the CUDOS price, also breakout has given to the upper band. If CUDOS price somehow manages to close above the upper band and the next candle also closes to the upper band then we may see a strong bullish pattern in CUDOS price in the next few trading sessions.
1-Day Candle Chart with 200 Moving Average Indicator.
The CUDOS price with 200 Moving Average. The CUDOS price is now trading above 200 moving Average which means the price is now trading above its closing price in the last 200 days which is another strong bullish indication and good indication to hold for more.
Here, we can see how the CUDOS price has struggled near to its 200 Moving Average level, the price was close above then came down and again went up, which mean the CUDOS price has tested the 200 Moving Average and from the same level it has taken support and now moving up above the 200 Moving Average level, this is good sign for hold the CUDOS for more period.
CONCLUSION.
Through this article, we have seen CUDOS Price with the multiple Trading Indicators and its market price movement according to the Indicators. Overall all applied indicators are showing the Bullish pattern in the CUDOS Price. The current movement into the CUDOS price will be a good time to buy and also hold for more.
This article is just for an educational purpose and not for investment suggestions, it is just to provide a view as per the indications given by mentioned technical indicators. Please do your own study and research before any investment. This article will not be responsible for any profit or loss if you trade on the given information.
About Cudos
The Cudos Network is a layer 1 blockchain and layer 2 computation and oracle network designed to ensure decentralized, permissionless access to high-performance computing at scale and enable scaling of computing resources to 100,000’s of nodes. Once bridged onto Ethereum, Algorand, Polkadot, and Cosmos, Cudos will enable scalable compute and Layer 2 Oracles on all of the bridged blockchains.
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