CTSI/BTC { CARTESI } - BULLISH SETUPANALYSIS 🔎
- CTSI/USDT is consolidating in a symmetrical triangle pattern.
- Price is testing the symmetrical triangle's inclined support.
- The minor downtrend to the symmetrical triangle's Inclined support was resisted by the descending trendline resistance.
- Price brokeout above the descending trendline resistance.
- This is a bullish signal.
- Price action is printing an inverse head and shoulders trend reversal pattern.
- An inverse head and shoulders pattern is a bullish reversal pattern.
- We could be on verge on a bounce from the symmetrical triangle's inclined support.
BUY ENTRY ⬆️
- Aggressive entry: current market price.
- Conservative entry: breakout above the inverse head and shoulder's neckline resistance (@0.7874).
TARGETS 🎯
- Symmetrical triangle's inclined resistance.
- Further breakout above the symmetrical triangle's inclined resistance could lead to test of the following levels: horizontal resistance level (@1.2700), horizontal resistance level (@1.7500), and ascending channel resistance.
SETUP INVALIDATION ❌
- Breakdown below the symmetrical triangle's inclined support and horizontal resistance level (@0.4915).
