#Ctsi
The price has been moving in a descending triangle since April 2022
It adheres to its limits to a large extent, and we are now on the verge of breaking it higher
With upward momentum supporting this
And strong support areas
Current price 0.2272
First target 0.2855
Second target 0.3665
Third target 0.4545
Welcome to this quick update everyone.
BTC Dominance is falling and this is a good opportunity to trade some altcoins.
CTSI is amonG the coins which haven't pumped much yet.
Currently it is breaking out of a Cup and Handle Pattern.
It also broke out of the long term Falling wedge pattern.
It also broke above 21D MA 50D MA and 200D MA.
ENTRY : 245 TO 271
Targets...
💎Technical Analysis Summary💎
BINANCE: CTSIBTC
-CTSI broke the key support area at 400s sat
-And confirms the daily Bear flag pattern
-If the Bears can send another follow-through
-The price could test the swing low support at 300s sat
-Please don't try to catch a fallen knife
-Wait for proper reversal confirmation
A big Thanks for donating 💰 via Tradingview...
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...
after nice btc run most alts dropper about 20-40%, those with strong bounces should have good future ahead, one of them is Cartesi which is binance DEFI IEO. Verry bullish, gives me personally Link vibes
We are testing long time ressistance here.
We all know Ctsi has low MC.
We are just waiting for some good volume(news) to at least see %10 after breaking ress.
Btc pair moves almost same too.
We just need a little push to fallow other binance coins ^^
Currently CTSI is in a bad situation and holding it will be very risky as it could fall to 290-300sts in the next days. And here we still have to wait and see the price action to decide to buy or not
At this moment, what we can see on CTSI chart is that the selling force is dominant and the purpose of pushing the price up is to sell large quantities of CTSI.
In addition, CTSI is in a very bad pattern, Symmetrical Triangle in downtrend, so the price direction is moving down.
We will buy CTSI in 2 cases :
- Break out and stand stable above 400sts
- Catch...
