CTKUSDT (CTK) - POTENTIAL BREAKOUT ANALYSIS 🔎
- CTKUSDT is printing an ascending triangle pattern.
- This is a bullish build up pattern.
- There's an upward breakout potential.
BUY ENTRY ⬆️
- Breakout above the ascending triangle's horizontal resistance.
TARGETS 🎯
- Fibonacci extension levels.
SETUP INVALIDATION ❌
- Breakdown below the ascending triangle's inclined support.
Ctk
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CTKUSDT - Potential buy re-entry 🔼CTKUSDT bounced off the ascending channel support and brokeout above the falling wedge resistance.
Price retraced and it's testing the trendline support.
Price action is printing an ascending triangle pattern.
Buy entry ⬆️ - breakout above the ascending triangle resistance.
Target 🎯 - resistance levels
Setup invalidation ❌ - breakdown below the ascending triangle inclined support.
CTK/BTC (Descending Channel)💎Technical Analysis Summary💎
BINANCE: CTKBTC
-CTK strong pump during its exchange opening trade
-But shortly after, the price started to fade down
-It is now approaching its swing low support around 5900s sat
-The price is fallowing this descending channel
-The key idea here is to wait for the breakout direction
-And wait for additional follow-through by the Bulls
-The breakout should have a good amount of volume
-Always observe any sign of strength as the price approaches the key level
-Don't blindly input your buy orders because the market is dangerous
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Short BIG timesome +ve news came on Monday. 3 days for margin calls finished today. should go down tomorrow onward. looking for target 9. Nobody will hold till weekend. Buyers going down and running out of steam soon. Not looking anything other than short covering.Overbought RSI too.
Cotton Ascending Triangle BreakoutCotton Ascending Triangle Breakout
Long on 40-50% pullback from breakout line