🔔CETUSUSDT🔔After a good growth and the breaking of important resistance, it seems to be forming a flag pattern and its own second phase of movement...
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CETUSUSDT.PS trade ideas
CETUS: A DEX on SUI and AptosThe chart is self-explanatory. The black horizontal lines are TP targets and the upside potential is great, while downside we already have support.
NFA. DYOR.
Long CetusCetus just broke the .618 Fibonacci level on the 8-hour chart and the strong volume in this breakout suggests potential upward momentum. Additionally, it cracked the 50 EMA with conviction, indicating a strong bullish sentiment. With this amount of volume and momentum, it's likely that the previous resistance won't be able to hold, and my target is set at the 1.618 Fibonacci level.
This chart based off of The Elliot Wave Theory, Fibonacci, EMA’s, MacD , RSI , Momentum, and resistance/support zones combined with patterns.
