CTSIUSDT AnalysisAt this moment, there are 3 SELL signal present and I'm BEARISH .
So, I don't think this is a good time to buy yet.
If you want to buy again, we have 3 different options.
1- You can wait for EngineeringRobo's BUY signals to be present,
2- You can wait for candles to open-close above resistance level (0.052) for 1D to buy,
3- You can buy when candles touching the support line (0.027)
After you buy, please watch out for EngineeringRobo's sell signals and consider selling it.
CTSIUSDT trade ideas
CTSI - love triangleHappy weekend my friends,
I hope you're ready for another SWW (scam wick weekend)!
Hopefully that wick is to the upside, to allow all the alt coins setups, including this CTSI setup I bring you today, to play out.
Take it easy with the trades you make the next days because we got a lot going on and there could be huge downside, so keep a tight stop.
Trade thirsty, my friends!
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
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Not Financial Advice
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CTSIUSDT ANALYSISBuy this coin at the support line ($ 0,03744) sell at the resistance line ( $ 0,10601) or sell with the EngineeringRobo ' s sell signal
It is not good idea to hold this coin you should have sold this coin between $ 0,0055 - $ 0,0052
Unfortunately EngineeringRobo gave Sell 1 & Sell 2, Bear, Hell and Sell 3 to Bitcoin, I am not strongly recommending to buy any altcoins at the moment
Have a good trade If you want to use EngineeringRobo please dm me.
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.
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.
CTSIUSDT ANALYSISAccording to analysis with **EnginerringRobo's signals;
Unless you have CTSI, you wait that horizontal line(0.05705) turns the support line. These days, the candles are stuck between dashed trend line and horizontal line(0.05705). When the candles open and close above the horizontal line, you may buy it.
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.