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CTKUSDT Inverse Head and shoulderCTKUSDT (1H CHART) Technical Analysis Update Inverse Head and Shoulder Pattern CTK/USDT currently trading at $2.52 Buy-level: Above 2.65$ (only buy if 1h candle closes above the resistance zone Above $2.65) Stop loss: Below $2.31 Target 1: $2.75 Target 2: $2.90 Target 3: $3.00 Target 4: $3.35 Max Leverage: 2X ALWAYS KEEP STOP LOSS... Follow Our Tradingview Account for More Technical Analysis Updates, | Like, Share and Comment Your thoughts.
Long
by GreenCryptoTrades
$STBU looking bearish. Continuation from my previous TA on $STBU. Link here: 4 Hour chart between 14th March 2021 and 26th April 2021 (today). Main resistance and support lines: • Resistance 3: 0.3329 • Resistance 2: 0.2646 • Resistance 1: 0.0208 • Support 1: 0.1689 Divergence 1 of momentum wave. Below are the confirmation signals: • Even though 21 period EMA was blue and looking positive, there is a false signal. • Bearish downtrend 14th – 17th March 2021 (refer to yellow circle) even when there are green dots printed between 12-16th March 2021 for uptrend. • RSI was between 91 – 71, meaning on overbought level. • This means bag holders have been looking for an opportunity to dump even when there are new investors coming in. • Money flow was in between red and green so selling pressure and buying pressure were indecisive. • Big red dot above overbought area where selling had good profits for those bag holders looking for an opportunity to dump. Divergence 2 of momentum wave. Below are the confirmation signals: • 21 period EMA is not blue, dynamic resistance line adds bearish signal. • Bearish downtrend (refer to yellow circle) even when there are green dots printed between 20th – 25th April 2021 for uptrend. Why? Because momentum wave is still down trend, never print green dots consecutively towards uptrend. • Money flow has been red since 25th March 2021 and today is 26th April 2021 which means selling pressure has been higher than buying pressure for 1 month until now. • Big green dot below oversold area = could be one of the best buys in the history of STBU since the last big green dot printed was on 6th March 2021. That is 50 days ago. Price Projections? • Fib resistance fans on the most recent low which was on the 20th April 2021 are used for price projections. As of referenced to 26th April 2021 00:00 GMT 8+: Bullish: • 29th April 2021: 0.2093360193 - 29% increase • 5th May 2021: 0.2681028994 – 65% increase Bearish: • 29th April 2021: 0.0989469201 – 16% decrease • 5th May 2021: 0.0696645098 – 57% decrease Fundamental analysis updates: $20-30 million offering DIDN'T increase price action at all. Stobox CEO mentions Tier 1 Exchange Listing within April 2021 which means 5 days left. If price action reaches 0.010 within 5 more days , I will sell these.
SShort
by UnknownUnicorn16251912