CTSIUSDT trade ideas
CTSI 200% gain potentialHi Guys,
This is super exciting time for CTSI. Several indicators point to a bullish breakout
1) breakout of falling wedge pattern
2) RSI is super strong. Similar pattern was seen the past. Look at the marked yellow RSI regions.
3) MACD is also bullish similar to past pattern.
Many of you have including me been patiently waiting for this moment. Please cash out at regular intervals don't wait for the peak.
This is not financial advice.
Cheers!
CTSI recovery pathLast time we looked for a bottom much higher than at this point. Clearly we were expected to be worn out by this sell off in the broader markets, we could have been trapped at many point on the way down.
As long as the BTCETH chart looks well, we should plan accordingly.
What we see now is a real tangible recovery in the market, and if we want to leverage that we can choose an ALT with a track record of out-performing.
IMO now is the time, but, there should be stops in place for those taking positions.
W4 correction could be ending (not confirmed, need a higher low)
W5 yet to play out, typically targets 0.618 extensions from the bottom of W1
Cycles matching quite nicely
A break of 0.5 could be explosive, indicating a small lag for accumulation here being a good opportunity (WITH STOP ORDERS ATTACHED)
Only corrective rally upwards, and then more downsideAs you can see, not every coin is bullish or has a structure ready for a new bullish cycle.
For CTSI, we expect a corrective rally upwards for corrective wave (B), and then more downside for wave (C). Hence be careful and choose your altcoins to trade or invest wisely.
Not every coin is bullish. Some are in corrective phase.