Yesterday, CUB reached it's 10 day high in volume and today it even broke that with PolyCUB finally generating a little bit of a good amount of volume after so many days, let's discuss it all in the next 5 minutes.
Unfortunately
Source: Tradingview
I feel we are getting a good rejection from the mentioned zone which I have been sharing for the past 2-3 days. As per the wick we got yesterday, I feel it is going to make it extremely hard for us to break that level and move ahead in the upcoming week and I possibly believe that testing the support again h=where it recently made the local support could be the thing to note in right now. Apart from this, fundamentally CUB did generate a good amount of volume. During the start of the year, it was struggling to cross $2000 in daily volume but in the past 2 days, we are receiving volume over or around $6000 which is a positive thing.
CUB Volume graph, have a look:
Congratulations!
We finally achieved the RSI of 50 which as per theoretical terms is known as a "bought" zone, since I start posting threads and data regarding the CUB, it is the first time we have witnessed the CUB being in the bought zone of RSI but again, unfortunately, I do not think so that we would be staying there long enough as rejection could easily send it down which is a much higher possibility than going up in my opinion.
On one side, CUB is getting good volume, on the other hand, PolyCUB yesterday generated an enormous amount of volume compared to its past 10 days. Now! DO NOT LAUGH at the baby boy, where he was getting no volume but now it got $500 volume...hehe...
PolyCUB volume graph, a good spike:
I hope that we continue to at least receive such an amount of volume as getting $0 or $100 seems just like nothing or a dead coin but if volume like this keeps coming then we can say that the patient is at least on the ventilator, joking!
Rest we need to wait 1-2 days more before expecting the further movement of price for CUB as we have not received the rejection yet and we need it to close with the bearish candle by the end of the day. if it does the same tomorrow then we will be confirmed with rejection but again, we can be wrong, always.
Apart from Lions, today Fear and greed index also pumped a little after some days due to recent bullishness which happened in the market although that is now vanishing still it sent to fear and greed index from '25-26- to 30 today, showing us that people's sentiments are getting kind of bullish now.
Dashboards - JAN 11
CUB
PolyCUB
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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