CTXCBTC
CTXC/BTC (Testing Key Level Support)💎Technical Analysis Summary💎
BINANCE: CTXCBTC
-Cortex is now testing the Key Level of Support
-It is also trading inside a descending channel
-This pattern is Bullish if once the breakout is confirmed
-My recommendation is to wait for proper signal
-As long as the price is respecting the channel
-It will always go lower so please wait until it is invalidated
-The upside potential is up to 1000s sat or higher
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CTXC/BTC (Short Term Downtrend?)CTXC/BTC
-Since the drop from 1500 sat and 200D MA
-The price started struggling to get above important support
-Technically, it is on a short term downtrend
-And the key support to be watching is between 829-750 sat range
-If we can see potential reversal signs in that region
-It is will be a high probability of Buying opportunity
#CTXC/BTC (June 06)On June 03, CTXC pumped extremely high and there were a lot of traders stuck in this coin, so holding it would be quite risky.
However, we should try our luck with the buyzone of 1000-1100sts with the target of 1500sts
This is a risky trade, so be sure to be willing to stop losing if it falls off the 1000sts zone
Cortex Bullish PennantHere we have a bullish pennant for Cortex (CTXCBTC) with targets and support levels.
Why do I believe the bulls will win?
If you look at the volume indicator at the bottom, you can notice that bullish/green volume is dominant on this chart.
We also have a bullish MACD and strong RSI... Telling us that the bulls have the upper hand.
Cortex can easily move up here, multiple targets can be found on the chart.
Thanks for reading.
Namaste.
CTXC/BTC (Bullish breakout: up to 80% profit?)CTXC/BTC
CTXC broke bullish of the descending channel but went up overextended.
It is not a good idea to enter a Long position with this type of daily candle.
Waiting for the right pullback is the best option.
I have highlighted below the 2 possible entries if we can still see further upside growth.
Cortex Breakout Of Falling Wedge | 40% Targets Mapped + SignalsHere we have the chart for Cortex (CTXCBTC), which is now trending on Binance right below ICON|ICXBTC .
Now, looking at CTXCBTC , we can see above-average volume starting to show up while EMA50 and EMA100 are conquered in one candle... Here we are looking at 8H (8 hours) per candle.
The RSI is strong as well as the STOCH.
The MACD is trending up and moving above zero.
A new high has been hit and a major trendline conquered to break out of the falling wedge.
All these are bullish signals pointing to growth ahead.
Thanks a lot for reading.
Namaste.