CTSIUSDT trade ideas
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!