🆓Cartesi (CTSI) May-15 #CTSI $CTSIThe recent 12Hour candle is quite bearish but the selling volume is not too high so we will need to pay attention to this 1.1$ zone. If it could conquer this 1.1$ zone, it will keep moving up to 1.5$ zone in the next few days, but if failure, it could dump to 0.9$ and 0.65$ before generating new rally up to 1.5$ zone.
📈BUY
-Buy: 0.88-0.92$ if A. SL if B
-Buy: 1.1-1.15$ if A. SL if B
📉SELL
-Sell: 1.1-1.15$. SL if A
-Sell: 1.45-1.5$. SL if A
♻️BACK-UP
-Sell: 0.88-0.92$ if B. SL if A
-Buy: 0.635-0.665$. SL if B
❓Details
🕯Timeframe : 12 Hours
📈Red Arrow : Main Direction as BUY & SELL section
📉Blue Arrow : Back-Up Direction as BACK-UP section
🟩Green zone : Support zone as BUY section
🟥Red zone : Resistance zone as SELL section
🅰️A : The Close price of candlestick is Above the zone
🅱️B : The Close price of candlestick is Below the zone
Ctsi
CTSI Heading Towards R1Hello,
CTSI Is looking quite difficult right now, the hard resistance to break is at 0.90$ if it breaks ctsi may go higher else retrace back down.
1. price is above daily 20 ma and 200 ma which is good for bullish movements
2. hidden bullish divergence played out at daily timeframe
3. Fibonacci Golden ratio 0.6 has been supported
4. Only the volume is not convincing!
CTSIUSDTthis alt is trapped in a big sideway area in higher time frames which can lead to enormous amount of value gain or loss in theory, but we have other analysis that make us sure the bulls will win this battle and the resistance is going to be break soon
in lower time frames all you see is dipping and losing value and that make most of traders leave this one BUT we know what to do with these situations and get what ever we desire to !
👉this idea has the confirmation of advanced price action
👉for more information about our services contact me via trading view private chat or our twitter
👉hit share and spread the information for everybody to get profit
CTSI is about to take offas you can see in the chart, CTSI been consalidating for about 2-3 weeks and making a wedge and now it looks bullish and ready to take it's next pump, the more conservative estimate is 0.79 since that's the next resistance, but CTSI may go upto 0.95-$1 this pump
and good luck everyone
CTSI buy opportunityI would expect the moving averages to meet again at the green box area and to see an other leg up afterwards. Also RSI should be bouncing from the orange horizontal line. Project is promising and have a lot on their roadmap this year aspecially towards the end of 2021. Also a lot of interest is on cartesi because of its tendency to spike up, so it may or may not reach the box to fill your entries. Maybe buying a small portion here and then buying a bigger portion at the box can be an other strategy not to be left out if it doesn't reach the box before rising again.
Be aware that BTC can disable this idea, the rise will end at some point and we can see a correction from 66 or 69k. Trade at your own risk and make your own calls. Wish you all great gains!
Cartesi (CTSI) formed Gartley move for upto 73.5% bullish rallyHi dear friends, hope you are well and welcome to the new update on Cartesi (CTSI) token with Bitcoin pair.
Previously we had a good trade of CTSI token.
Now again on daily time frame chart, the price action has formed final leg of bullish Gartley pattern.
CTSI is Undervalued fundamentally - Huge supportThe biggest shortage in smart contract/defi crypto space is developers. CARTESI (CTSI) has been working for years and aims to be a layer 2 solution for "existing developers" to build out smart contract with high throughput (ETH ..cough) and low transaction fees. When I say existing developers, I mean all developers that make our other stuff and have done for decades in the real world before crypto.
CARTESI is blockchain agnostic and is extremely welcoming as a workable platform for most of the developers who would not have a frickin clue what Solidity is.
This opens up more development on this layer by default of sheer numbers, similar to why there are more Android developers vs IOS in the mobile phone arena. Now this is still a speculation, but if successful, this is a true game changer. Plus on the technicals, we have side stepped out of a bearish trend and I simply think this project should exist. If not this team, then someone will do it.
I have watched price double, quadruple and settle back down. Now that the Degens are out or have at least settled down I still like what I see. There is a massive market of people actively looking at low cap tokens and I feel retail speculators will drive this token up because they fell in love with the vision (which totally is needed) and the fact anyone can understand what the utility is - IE use case.
I am proudly one of them, so I want at least some exposure if this train pull away.
**Please use proper risk management**
CTSI Looks great for the futureCTSI was break the trendline on TF4H, and now waiting closing and retest. Personally I hope CTSI can touch rectangle area because I want buy CTSI from these zone. I still believe CTSI on bullish zone on daily trend, and I think we can see a big move in quarter 3 and quarter 4 2021 because there are many event on that quarter.
Check fundamental CTSI below.
Cartesi LongBuying CTSI here ($0.34)
- Daily trendline ✔️
- Rsi Daily Div ✔️
- Under Value Area ✔️
Observation:
I'm buying before daily close so if it closes below I can cut it with min risk.
Best entry would be closer to trendline level $0.33 and use RSI 52 at daily close to use it as a confirmation that price will bounce from that area.
Target $0.40