$CTSIUSD Not financial advice.
COINBASE:CTSIUSD
Working its way up on this broadening formation, also if it holds these levels it might be on its way up according to the Fibonacci.
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CTSIUSD trade ideas
CTSI LongEthereum layer 2 Cartesi lets developers build powerful dApps using familiar tools like Linux and Python, for improved scalability and security.
Currently around 250M market cap. And just above the weekly breakout.
Looking super Bullish.
Cartesidoes not include financial advice.
token developed for web3 and named after Cartesian
Graph Theory.
Cartesian Product of Graph..
The Cartesian product is named after René Descartes, whose formulation of analytic geometry gave rise to the concept, which is further generalized in terms of direct product.
The cartesian product is a very important concept in the field of set theory.
Anyway, the chart's target at the next higher level is 1.7usd.
CTSI continuation 2x short termnot much to say, this was pumping while the market was majorly dumping, and it looks like if it holds here a bit longer at this support, the next move up will be a breakout and leg up higher.
short term targets up to .50
Cartesi, steady virtual Machine rides rocky roads Cartesi drives investors wild, though the fundamentals are very steady. Cartesi is basically a virtual machine with roll-ups to side chains that improve scalability of computations, and therfor improves the quality and speed of blockchain technology, without giving in on security.
The PA movements of Cartesi are extreme, and in many times they don't follow BTC. It is quite unpredictable, but when you look at the graph, I guess you will agree that there is profit potential lying there. Don't be afraid of loosing some investment in the beginning, because the pumps can be huge and fast.
But when you like rocky roads, you might just enjoy a huge potential in this coin. When it ever reaches near its introduction price from now on, today just under 23 cents, you might profit 6 times. First target is 27 cents though, and when it holds that, it might bump up and down to 32 cents.
Today, price is down, maybe an extra cheap sale day?
CTSI - Scenario AnalysisThe Cartesi token is in a tough trading spot, with no clear guidance in my opinion.
I´m working with 2 possible counts, one bearish and one bullish, but price is right between my key levels right now.
My bias is slightly to the downside, but don´t plan to tke a trade at current levels.
Cartesi (CTSI)Cartesi is an application-specific rollup execution layer with a Linux runtime. After CTSI made a double top, price entered a corrective phase, and the right leg of a harmonic pattern was made. Then price broke the downtrend line and it seems the next upward move has started. Let's see what happens.
CTSIUSD targeting 0.5500 in two possible scenariosCartesi (CTSIUSD) emphatically broke above the 0.382 Fibonacci and is headed for the 0.5 Fibonacci (0.4000). With the 1D RSI massively overbought having almost hit 90.00 three days ago, it is possible to see a pull-back to the 0.236 Fib similar to September 2021. As long the 0.382 Fib holds, we may target the 0.618 Fib at 0.55000, otherwise we would welcome the 0.236 Fib pull-back for a better buy.
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CTSI Wave Count - Daily ChartIn my primary count, I´m considering that last November´s low at 0.094 to be this token´s bottom.
We would currently be in the final stages of black wave 3, and considering that we are in oversold territory, I´ll wait for a pullback before taking a trade (ideally black wave 4).
Nice chartLiking the price action on this coin. Interesting project too, hopefully they can execute.
Seeing a lot of accumulation at these levels. This is a good buy-and-hold , but also a good trade. Goal is to enter now, take half off at the next fib level, and ride the rest, mostly for free, taking more profit if it reaches the nextlevel of around 56-57c,.
I think this token could reach as high as $5 - $6 in the next bull market. as that's the most logical next level.
CTSI Demand at ResistanceCTSI is flexing demand at microtrend resistance. Normally I would discount this and wait for confirmation but seeing so many of the alts making quick micro rallies up to the .272 - .618 areas, I figured I'd try to cash in on this one before I miss the opportunity. Invalidate if it falls back into the regression trend and beneath channel midpoint -- because who knows how long it will take for it to make another attempt. Also be on guard for a possible BTC retracement that will kill this TA.
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CTSI Update looking even better now after the refuel CTSI Update looking even better now after the refuel
Short-term:
T1: $0.98
Long-term:
T2: $3.2
T3: $5.1
CTSI - Time to Start/Add a Position?I've been watching Cartesi - CTSI for a while now looking to start a position as close to the end of what I believe is the end of Wave 2 Down as possible, so that I am positioned to take the best advantage of what should be Wave 3 Up to come next. (Wave 3s are commonly the most explosive, highest wave of an Impulsive Wave 5 in Elliott Waves).
Price has just made a new low below A, so technically, this would meet the requirement that C end below A, although it has barely done so, and there could be more downside to come.
But my labeling indicates that price is in the final wave 5 down to finish c down and C down once a low has been found. Given that, I made the decision to start a new position and made 2 purchases of 500 each for a total of 1,000 with an average cost of 0.308. I am prepared to add to my position to average down my cost should price continue lower.
Another indication that this current wave down may be close to an end is the Bullish Divergence in RSI to price. If you look at the lows labeled a, then 3, then 5-c-C-2...and compare those points to where RSI was at the time, you'll notice that RSI was rising, when price was falling further.
I've drawn a red line starting from the last high labeled B down across the top prices, creating an upper channel line. I'll be looking for price to break above this line, then hopefully pull back and test it, where I will make my last purchase to complete my desired position.
As a reminder, just sharing one approach I use Elliot Wave to look for great setups to take advantage of Wave 3 moves and this is NOT trading advice or to recommend buying or selling any asset.
Thanks for all the Likes and Follows!
CTSI - wait more for correction to complete, great projectCartesi project is looking to improve smart contracts by solving the issues of high transaction fees and a need for scalability in the Ethereum network. Given the issues on scalability, and the fact that Ethereum 2.0 will likely take some time to achieve, the Layer-2 scaling projects like Cartesi are very popular.
Wait for correction to complete and then buy at least for bounce if bull run doesn't continue. This one is volatile!
Take 2 on drawing CTSI Gann Box over Fibonacci boxAfter some careful work, I am taking another guess at the future of CTSI. Using the Gann box overlay, I found a very promising trend line with some very nice points of contact. Start by looking at Nov. 11th. A very significant date - where the price of CTSI met the 0.5 horizontal Gann and vertical 0.5 Gann and the candle closed at the 0.75 Gann at $1.42. "X MARKS THE SPOT!" So, now the price has corrected from the 0.5 to 0.618 over the last month. Today is landing on the 0.618 and could signal a price reversal. Notice how I drew lots of trend lines originating from the 0.0/0.0 intersection. Lots of awesome points of contact on these trend lines. We could get a serious run up here. If this coin is being manipulated by artificial intelligence, trading bots and computers, then this geometrical overlay makes a lot of sense. The computer is going to buy low and sell high while making a price pattern that looks natural, familiar and appealing to the human eye. However, it will unemotionally pull the rug right out from under you if it fakes another moon shot breakout. Good luck folks!
Not financial advice. Do your own due diligence. Just pretty pictures.
Best of luck.
CTSI ABCD Trend Reversal PatternCTSI trend reversal started. ABCD bullish pattern formed. The first resistance is $1 (30%) gains in the next 1 week and the Second resistance point is $1.20. IMO this way undervalued Long term this can hit up to $10.
This is not Financial Advice.
CTSI/USDTesting/tracking elliot wave theory. Please do not trade off idea without S/L. Not financial advice.
Gann Box on CTSI - breakout on Dec 29?Drew a quick Gann Box over CTSI. I like what I see. Lots of correlating points and connections. The Gann Box overlays a backwards Fibonacci retracement box. Something to watch and think about over the next few weeks. Box ends on Jan 29.
Do your own due diligence and have fun. Not financial advice. Just pretty pictures.
Ctsi usd should at least hit 10.00 usd10.00 ctsi will happen could go higher. 10usd is highly probable
All set to move higher?Looks like it wants to go higher now. I am in and want to ride it higher. 50% gains on the table. Grab it.
