CTKUSDT trade ideas
CTKUSDT successful bounce off the supportWe can see that the demand zone has been respected, which adds to a probability of an uptrend. If the support area holds, expect a short term rally very soon.
CTKUSDT - Major Structure BreakoutHello, TradingView Community!
Today, we're looking at CTKUSDT, which has recently experienced a major break of its descending triangle structure. This move has generated a significant bullish sentiment and could present an exciting opportunity for us.
It is important to note that CTKUSDT had been consolidating within a descending triangle pattern for quite some time, with lower highs and a strong horizontal support level.
We've now seen a decisive break above the descending trendline, indicating a potential bullish reversal. After the breakout, the price pulled back to the pattern's trendline, which is a common occurrence after such a break. Importantly, the trendline held as support and the price bounced, further confirming the strength of the breakout.
Based on the pattern's measurements, the target for this move lies in the $4-$5 range. This target is calculated by taking the height of the triangle at its widest point and adding it to the breakout point.
Furthermore, accumulate long position near the current price level or on a confirmed bounce off the trendline support and apply Partial or full profit-taking in the $4-$5 target zone, depending on your trading plan and risk tolerance.
Please note that this analysis is for educational purposes and should not be considered financial advice. Trade at your own risk and ensure you have a proper risk management plan in place.
If you find this analysis helpful, please like and follow for more updates on various coin updates. Let's make profitable trades together!
Happy trading!
CTK intesting to watchI have no news/info on this crypto but the chart is very interesting. Once breaking out the trendline, it would be big.
CMF values are about to cross zero and become positive. This (if happen) indicates an up trend.
Any news on CTK?
Ctk | Perfect Breakout CTKUSDT
Breakout has already been confirmed
Now we will Buy on Retest,
It is to be seen whether the retest will be successful or not, take the entry only on the successful retest, the activity of the buyers must be displayed at the retesting point.
When you see Bullish Candles (Momentum Candle) at the Retesting Point, take Trade only.
This was our opinion, Allah knows best.
Remember: We only give ldea's from our
experience and knowledge, it does not
mean that it will be 100% correct, the
market is always unpredictable, anything
can happen anytime.
Always trade with your own research and
knowledge. If You Are Satisfied With Our
Work Then Join.
CTK have good moment for longThe coin forms an active preload to the accumulation of local resistance levels, which are confirmed by a lot of touches and have accumulated the feet of participants behind them. The buyer's strength is noticeable by the rising and consolidating lows, as well as his goal will be to update the maximum with the collection of stops.
CTK Strong Support Found and Potential 12% Price Increase AheadIntroduction:
CTK Coin is a blockchain-based cryptocurrency that aims to create a decentralized finance ecosystem. It allows users to earn rewards and participate in governance by staking their coins, making it an attractive choice for crypto enthusiasts.
Current Trend Analysis:
CTKUSDT has recently found support at the 78.6% Fibonacci retracement level, indicating that the bulls are still in control of the market. The presence of higher highs (HH) and higher lows (HL) confirms a long-term uptrend.
Price Predictions:
Based on the technical analysis, it is likely that CTKUSDT will experience a price increase of around 12%, towards the 61.8% Fibs level. However, if the bulls maintain their control, the price may potentially go even higher.
Conclusion:
In summary, CTK Coin has been showing a strong bullish trend with support found at the 78.6% Fibonacci retracement level. This, combined with the presence of higher highs and higher lows, indicates a potential price increase of 12% or more.
CTK Short TradeThe lower trendline of the rising wedge was broken and is being retested. If we get a follow-through to the downside it will be my entry trigger.
Trade is valid only if the entry point (yellow price) is reached before the stop loss level (red price).
What Is Shentu ?Shentu Chain, a security-first, delegated proof-of-stake blockchain, for trustworthy execution of mission-critical applications, including DeFi, NFTs, and autonomous vehicles. Shentu Chain prioritizes cross-chain compatibility, built as a Cosmos Hub with full EVM and Hyperledger Burrow compatibility, as well as compatibility with eWASM and Ant Financial’s AntChain. Across protocols, blockchain projects can receive security insights with the Security Oracle, which provides real-time guards of on-chain transactions, identifying and flagging a wide range of malicious vulnerabilities before they occur. Depending on the level of the security score, audited blockchain projects of any protocol may be eligible for a ShentuShield membership, which is a flexible, decentralized reimbursement system for any crypto asset that is irretrievably lost or stolen due to security issues. ShentuShield memberships are open to all community members of these eligible blockchain projects, providing a safety net to holders of crypto assets in case anything unexpected happens.
Natively, projects can code in DeepSEA, a hyper-secure programming language supported by the Ethereum Foundation, Qtum Foundation, and IBM. DeepSEA works directly with the Shentu Virtual Machine (SVM), which is fully compatible with EVM. SVM innovatively exposes smart contract and blockchain security information, enabling unprecedented ways to access, check, and incorporate risk into the decisions of smart contracts. CTK is the native digital utility fuel of Shentu Chain, serving as the core utility for on-chain functionalities such as operating the Security Oracle and ShentuShield systems, paying gas consumption of Shentu Chain, and voting for governance decisions within the network.
CTK Support and Resistance Area. A pure buying OportunityCTK Support and Resistance Area. A pure buying Oportunity
CTKCTK long idea, acceptance above W-play triggers long. You can add more TPs on LTF for intraday rotation
CTKAs smart money trader, this coin has not provided me with enough signals to put money behind it. The chart looks very sketchy. The only things I can frame on it are:
1.We went bellow an important liquidity array(old low)
2.Marke shows strong willingness to go up (displacement )
3 order Block shows a strong sign to support price.
4. We are currently at an OTE Level.
Why I will not participate in this move.
1. The overall Bias is bearish
2. Market does not give us MSB
3. We have already traded into premium FVG around 0.79 level.
CTK is losing sternght/momentumCTK tried to push new ATH, but failed and volume going down with pump. This is also in a previous support that turned resistance. Dump should happend now, maybe that will just be a correction or maybe back to bear trend in H4, we'll see. I have a larger SL bc I'm scared of a liquidation wick before real dump.
CTKUSDT | BREAKOUTCTK has broken above the falling wedge . Now the price is retesting this breakout level and horizontal support zone .
So, we are expecting the bulls to take control from this zone. if they react they can push the price to further high towards new highs.
Manage your trades accordingly.
CTKUSD Long SetupOn the 4H chart, CTK has followed the trend line for a while. And now, we will have a correction, which is an excellent time to buy. The potential reward for this trade could go up to 12% (no leverage) and more.
Long Setup:
Entry: 0.71x
Sl: 0.68x
Tp: 0.8xx
Remember, always trade at your own risk, and never risk more than you can afford to lose.
CTKUSDT | Trading PlanDisclaimer on,
This is a personal opinion, I am not responsible on your trading results.
Trade with your own risk.
Watch on my chart, the reason for this trading plan with 3.26 risk to reward ratio has been drawn on it.
Like: EMA 90, Classic Support Line, Fibonacci Retracement, and Volume Divergence.
Follow me for next update
___________
Best regards, @riandwip686
CTK SHORT PLANOn CTK shows up many bearish divergences. The major support zones broken and this is the retest. we recommend not to take profit of this crash just use trailing stop by ATR or whatever indicator you use in your trailing strategies.
CTK Hi, dear traders. how are you ? Today we have a viewpoint to SELL/SHORT the CTK symbol.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
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..
IF you like my work please like and follow Thanks
