Shentu Recovering From New All-Time Low (645% Easy Target)Shentu (CTKUSDT) is pretty interesting right now and good looking from a TA perspective, the bottom is in.
This week is just starting and CTKUSDT trades full green, moving at the upper limit of the candle.
After a new All-Time Low, same date, 7-April, all the sessions closed green. Three consecutive weeks closing green and this fourth week is already recovering above the previous All-Time Low October 2023. As soon as CTKUSDT moves above this level, the bullish bias strengthens and is fully confirmed (0.3989). The bottom is confirmed based on marketwide action.
So here we have a bottom catch. Very close to the ATL and a very good entry/buy-zone.
From this point forward, we will experience long-term growth.
Just as in mid-2021 the conditions today are the same. The market is set to start growing in the coming weeks and days with bullish momentum building up. By late May, as well as in June and July, we will be experiencing massive growth. Not only Shentu but most of the Altcoins market will be participating in this bullish phase.
This is a great opportunity, it is still early for this pair.
Easy targets can be seen on the chart.
» First target, 387% is very easy. A strong target is next at 2.91 for 645%. This isn't likely to be the peak of the 2025 bull market, but these are high probability targets, hard to miss.
As the bullish cycle develops, we will look closer and consider the ATH potential and more. Some pairs will definitely move first and depending on how they perform we will have some clues as to how the rest of the market will do.
For now, buy and hold.
April is reaching its end, in May, we will have full blown bullish action all across the Altcoins market.
Thanks a lot for your continued support.
Namaste.
