Greetings, traders.
Observing the CatiUSDT
CATIUSDT price trend, it appears poised for a further decline after a brief corrective period. The recent touch of the $0.3200 support area, coupled with the formation of a bearish evening star candlestick pattern on the 2-hour chart, suggests a potential downward movement. This pattern emerges notably above the established uptrend line, reinforcing the bearish signal.
Short-term price targets are identified at $0.2600 and, upon a successful breach of this level, a subsequent decline towards the $0.2000 to $0.2200 range is anticipated.
A prudent entry point for short positions would be on a break below $0.3045.
Best of luck in your trading endeavors.
*Remember that this is just a technical analysis and doesn't guarantee future market movements. Always conduct your own research and manage your risk accordingly.
Observing the CatiUSDT
CATIUSDT price trend, it appears poised for a further decline after a brief corrective period. The recent touch of the $0.3200 support area, coupled with the formation of a bearish evening star candlestick pattern on the 2-hour chart, suggests a potential downward movement. This pattern emerges notably above the established uptrend line, reinforcing the bearish signal.Short-term price targets are identified at $0.2600 and, upon a successful breach of this level, a subsequent decline towards the $0.2000 to $0.2200 range is anticipated.
A prudent entry point for short positions would be on a break below $0.3045.
Best of luck in your trading endeavors.
*Remember that this is just a technical analysis and doesn't guarantee future market movements. Always conduct your own research and manage your risk accordingly.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.