CTSI possible move! Hello, I am coming today with an idea on CTSIUSDT pair. Many people made lots of earning with CTSI in the past days as it did a very good move. In the long term I see it quite possible to break the 1$ target and more but meanwhile I am talking about the scenarios possible in the 1h time frame.
FIRST SCENARIO-Most possible one to happen. I see it shorting to the 0.78 and 0.73 area. RSI indicates a bearish movement and as you can see it is forming a downtrend. So a possible move is between the two green lines indicated with the price there. It will form a lower low, so I see it even going more down, which will indicate a good area of entering as I have put in the chart. The next target after that is 0.8$ with a fine percentage win.
Second SCENARIO- The latest support became resistance. It means that it will need to break that in order for us to say that we are seeing a trend reversal. Also it needs to stay above 0.90$ for a while to call it a bullish movement. It also can form a M patter, touching the resistance and not breaking it, moving us again with the 1st scenario. This is not much possible, as the indicators show that a bearish move. Unless a big volume enters the trade, we can see a reversal.
Trade with patience and trade carefully. If you have any comment, you are free to comment. :)
CTSIUSDT.P trade ideas
CTSIUSDT - 6 HAfter the huge breakout we saw on CTSI we are now consolidating a bit and the most likely scenario is that we now are creating a tight range.
What you see is the 6 H chart but if you zoom out to the daily chart we can still have a bullflag.
If we break the lows then i think we drop back to the breakout zone, if we break the highs then the bullflag is confirmed.
For every new follower i will add a new idea :)
CTSI Heading Towards R1Hello,
CTSI Is looking quite difficult right now, the hard resistance to break is at 0.90$ if it breaks ctsi may go higher else retrace back down.
1. price is above daily 20 ma and 200 ma which is good for bullish movements
2. hidden bullish divergence played out at daily timeframe
3. Fibonacci Golden ratio 0.6 has been supported
4. Only the volume is not convincing!
CTSIUSDTthis alt is trapped in a big sideway area in higher time frames which can lead to enormous amount of value gain or loss in theory, but we have other analysis that make us sure the bulls will win this battle and the resistance is going to be break soon
in lower time frames all you see is dipping and losing value and that make most of traders leave this one BUT we know what to do with these situations and get what ever we desire to !
👉this idea has the confirmation of advanced price action
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CTSI is about to take offas you can see in the chart, CTSI been consalidating for about 2-3 weeks and making a wedge and now it looks bullish and ready to take it's next pump, the more conservative estimate is 0.79 since that's the next resistance, but CTSI may go upto 0.95-$1 this pump
and good luck everyone
CTSI buy opportunityI would expect the moving averages to meet again at the green box area and to see an other leg up afterwards. Also RSI should be bouncing from the orange horizontal line. Project is promising and have a lot on their roadmap this year aspecially towards the end of 2021. Also a lot of interest is on cartesi because of its tendency to spike up, so it may or may not reach the box to fill your entries. Maybe buying a small portion here and then buying a bigger portion at the box can be an other strategy not to be left out if it doesn't reach the box before rising again.
Be aware that BTC can disable this idea, the rise will end at some point and we can see a correction from 66 or 69k. Trade at your own risk and make your own calls. Wish you all great gains!