CTK IDEAHELLO GUYS THIS MY IDEA 💡ABOUT CTKUSDT is nice to see strong volume area....
Where is lot of contract accumulated..
I thing that the sellers from this area will be defend this SHORT position..
and when the price come back to this area, strong sellers will be push down the market again..
DOWNTREND + SUPPORT from the past + Strong volume area is my mainly reason for this short trade..
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CTKUSDT.P trade ideas
CTK Brake it or Make it momentCTKUSDT technical analysis update.
CTK currently sitting at its support zone , waiting to bounce back. This is the crucial moment for CTK, the break it or make it moment.
IMO, CTK will possible to bounce back from the current support zone, this is a good time to buy some spot and expect it to grow to $3-$5.
Still, we need to observe the situation carefully, as it might break this support level and trigger a panic sell (which is not impossible).
For spot, Buy zone: $0.71 - $0.81 ; cut loss below $0.67
For swing traders,
Long now with small volume
Stop loss: $0.69
TP 1: $0.943
TP 2: $1.074
CTKUSDT Posible To Bounce Back!CTKUSDT technical analysis update.
CTKUSDT possible to bounce back from the current support zone, If the price breaks below $0.68 then we can expect a significant correction.
Buy zone :$0.780 - $0.810
Stop loss: $0.70
TP 1: $0.870
TP 2: $0.945
TP 3: $1.06
TP 4:$1.28
Always keep stop loss
CTK Sideway In The Weekend TriangleBTC had a strong rally yesterday, but the upward force was also partially suppressed because the price recovered did not create a beautiful pattern. I expect BTC to be sideways at the end of this week, from which small cap alts will create buy setups in small TFs.
Entry for CTK:
Buy limit around $0.82 - $0.83
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CTKUSDT wants a new bullish impulse?The price had a breakout from the consolidation phase as I told you in my previous analysis.
After that the price is having a retracement until the 0.886 Fibonacci level, it's a key level.
How to approach it?
If the price is going to have a breakout and retest the resistance new support, According to Plancton's strategy , we can set a nice order
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Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
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Follow the Shrimp 🦐
Short CTKCTK has reached a major resistance level which confirms a double top on the higher time frames. It's very unlikely to break this double top with all indicators pointing towards a reversal. RSI and Momentum looked cooked and are starting to show bearish divergence. These targets are based off of a ABC correction aligned with fib levels.
This chart based off of The Elliot Wave Theory, Fibonacci, EMA’s, MacD , RSI , Momentum, and resistance/support zones combined with patterns.