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.
CTKBTC
CertiK CTKUSDT - Parallel channel, bull market +300%- The price is currently breaking up of the descending bullish channel
- 1.618 fib extension for 3rd wave is expected
- RSI is breaking out of the trendline
- Low capitalization, we can ez see much higher prices, up to 4-5 USD per coin
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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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