CTSIUSDT
Hello everyone! This is my first idea that I'm posting, and I want to quickly talk about CTSI and my opinion on it.
CTSI has been in a sideways market on the 4/hr chart. Right now, CTSI has hit a resistance level, and a double top pattern has also occurred. Price did react to this with a large bear candle and is still continuing for the time being. Because this is a sideways market, we're waiting for which direction the market will explode. If it goes over the box, it will go into an uptrend. If it goes under the box, price will go into a downtrend, make sure to also wait for a confirmation. (We may find a reversal at around the 1.5-1.7 mark too.)
S/R LEVELS!
Support Level is around 0.009 - 0.9363
Resistance level is around 1.0810 - 1.278
Note: I'm not a financial advisor, please do your own research, and don't invest more than you are willing to lose!
Thanks for reading this idea! If you have ANY feedback, please tell me in the comments below so I can improve my future ideas. Thanks!
Comment:
Hello everyone, I want to talk about CTSI quickly and my analysis. So as we know, price went out of the rectangle and the lowest amount price reached from when I posted my idea (when it was in the resistance line) is around 37-40%. The area of support price has just gotten is on the pitchfork .5 line. The price reacted to the support and we see a pullback. Thank you for reading!
