I see a bullish reversal
Updated
Even thou BTC is in a correction, in this macro regime altcoins should outperform, so looking at CTSI, i think it should be one of the outperforming ones short-term:
- Day MACD is in the oversold zone and reversing, being in a uptrend indicated by the 50/200 MAs
- On Day timeframe (TF) there is a bullish reversal divergence as well as bullish continuation divergence on different oscillators
- on the 4H TF MACD has already reversed from the oversold zone and about to cross MACD downtrend. Also, the histogram rate of change is slowing down.
- on 4H price chart i see a strong level at 0.2827 and some kind of H&S reversal formation
So, if BTC will stay here w/o any strong moves downside, CTSI should give me 20-40%
- Day MACD is in the oversold zone and reversing, being in a uptrend indicated by the 50/200 MAs
- On Day timeframe (TF) there is a bullish reversal divergence as well as bullish continuation divergence on different oscillators
- on the 4H TF MACD has already reversed from the oversold zone and about to cross MACD downtrend. Also, the histogram rate of change is slowing down.
- on 4H price chart i see a strong level at 0.2827 and some kind of H&S reversal formation
So, if BTC will stay here w/o any strong moves downside, CTSI should give me 20-40%
Trade closed: stop reached
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