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CTSI / TetherUS

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CTSIUSDT trade ideas

CTSI/USDT (Retest Key Support Area)BINANCE: CTSIUSDT -CTSI is now back at previous support and resistance area -This is also a retest from Sep 5th support bounce -It is a potential Double Bottom plus Bullish descending channel -But until the trendline resistance is broken up the Bears are still in control -I recommend waiting for proper breakout confirmation -Before deciding to open a Buy position `````````````````````````````````````````````` Trading Involves High Risk Not Financial Advice Please Exercise Risk Management `````````````````````````````````````````````` If You Like My Daily Published Ideas A little Help By Supporting My Channel Through Leaving A Thumbs Up, Comment & Follow Happy Trading! --> Thank You! :) ``````````````````````````````````````````````
by PolarHusk
4
I See Strong Support At ZeroThere's this dream I have; the dream where I win and everything is easy. Everything is already easy, but I mean a really easy win. The easiest way to win is to buy low and sell high. And of course, the best price is zero. I'm always on the lookout for zero prices since this event area allows for infinite profit. Technically, CTSI can return to zero support area, it got close in May at 1 cent, and I'm gonna put in a limit buy order for this possibility. I'm gonna buy a billion CTSI .... at zero. Here's hoping the whales crush all hope.
Short
by Putrid_Shittgenstein
CTSI/USDT Update: Successful breakout, failed S/R test.Overview : CTSI/USDT failed to bounce off the S/R flip. Looks like a retest is trying to get going today. Analysis : CTSI/USDT has shown weakness during bitcoin's recent uptick. This prevented a successful retest of prior resistance-turned-support. My updated chart shows an upward channel colliding with a penultimate line of resistance. The arrows simply indicate possible reactions to this retest. Deeper Dive : The recent price action in this coin highlights the need to manage risk by identifying other market conditions that may be detrimental to an otherwise well thought-out trading strategy based upon technical analysis alone. It is typical of small cap altcoins to respond to BTC's increased dominance. As soon as BTC stabilizes, especially if it stabilizes in spite of equities markets' performance, expect altcoins to continue to outperform. If it does not hold up and BTC retraces abruptly, expect CTSI to respond negatively. BTC is still, and perhaps always will be, the oxygen-providing asset allowing other coins to breathe. If you don't have a monitor to dedicate to BTC's performance, be diligent about setting alerts. Tradingview has one of the few alerting systems that work consistently. I would recommend it. Comments : I remain long in this coin with a relatively tight s/l. I expect BTC's performance to be the dominant external determinant. Since BTC is holding up v. equities markets today, that might be taken as a positive sign. I remain cautious, but optimistic. Final note : If the retest is successful, I expect my prior analysis to remain in tact. "Every day is a little life. Every waking and rising a little birth, every fresh morning a little youth, every going to rest and sleep a little death." -Schopenhauer Good luck.
Long
by Socraticpause
CTSI/USDT breakout complete on the daily, R/S retest underwayOverview : CTSI/USDT seems to have most of its work behind it. Successful breakout on the daily t/f. From this point, a successful retest of the 0.05730-0.0750 area would confirm. Analysis : Last line of resistance on the daily was the 0.0573 area. Breakout complete. The retest is underway, but may not fully form if the momentum remains strong and BTC holds up. The arc I use helps visualize potential parabolic price action. The double curve is used to identify potential retesting and continuation patterns. Deeper Dive : The trader's advantage here is that by the time the coin has reached this blue sky breakout point, most of the risk was shouldered by traders and investors who played the bottom and endured many lines of resistance. By the time the asset reaches the final line of resistance, these individuals deserve to sit back and watch everyone clamor to establish a reasonable price. As with everything, it doesn't always happen this way, but it is a common occurrence. Comments : Feels a bit redundant at this point, but it looks like many of the alt coin pairs we've been looking at for the past month. Bitcoin had a moderate move up today, and this made everyone sit up and pay attention. Although I didn't see bulls willing to push it higher, I also didn't see bears attempt to create a fake out wick and push us back to 9100. That said, my optimism remains not only cautious, but as I stated in another post - it is fragile. Final thoughts : Low cap coin - exercise risk management accordingly. Monitor the broader market. Do your own research regarding the fundamentals of the CTSI project. Don't get drunk on fomo. Have fun. Good luck.
Long
by Socraticpause