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CSIX / Tether USD

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CSIXUSDT trade ideas

CSIX/USDT Primed for a Bullish Momentum? CSIX Analysis💎Paradisers, let's turn our attention to #CSIXUSDT, where recent market movements have led to a breakout from its descending channel pattern. 💎Presently, #Carbon is poised to retest the Bullish Order Block (OB), a zone that previously acted as a supply area. There's a strong possibility that the price could rebound from this zone, propelling its trajectory upward, and aiming for the next hurdle at the bearish OB region. 💎However, if #CSIX fails and descends below the demand zone, we might see a pullback to the Bullish OB vicinity around the $0.061 mark, where it could gather the strength needed for another ascent. 💎The Bullish OB zone has historically been a pivotal point, often leading to significant rebounds upon its test. Yet, if this zone fails to hold, indicating a shift to bearish momentum, the price may seek to establish a new path from a lower stance. 💎In the event that $CSIX doesn't harness the momentum from this or any subsequent level, it could face a continued downtrend. Rest assured, your ParadiseTeam remains vigilant, ready to offer insights and guidance through these intricate market dynamics.
Long
by MyCryptoParadise_Simon
CSIXUSDT IDEAtrend the pair is trading in range in most time frames (Daily Chart, 4,1 HOUR Time frames ) technical analysis if you looking at this chart you will notice that its trading near its resistance, if you were to draw a Fibonacci retracemt n the chart you will see that the rectangle agrees with the info shown which is below the red resistance line drawn on the chart, thoughts, Im still looking to see possible break out from the region given that the RSI is trading below 50 level its great if it moves past this region and starts trading past the mid range, of course this is just an idea and thought of what i would like to see happen but alot of indecision displayed on this chart shows that any thing can happen and if it breaks past its resistance and retests above my 13 moving average i will consider a buy until the next resistance Action, adding this pair to your rebalance trading bot is great idea , i guess i have found the perfect pair to trade in combination with Atlas Navi pair (look at my previous idea on the pair if you missed it) and TRAC (trail Origin pair if you missed it look it up on my previous posts) as always trading new pair is always risky and dangerous can lead to losing all your funds, and this are just my thoughts and chart set up that I would consider before getting into the markets which makes the published idea not a financial investment advice whatsoever.
by j_mitch
2