Confirmed above the middle of either W shape (double bottoms forming on the short and long term charts) displayed above, with projected targets upon confirmation, stretch targets if the larger double bottom plays out.
Edit/Correction to chart: TP1 should be at the top of the solid small W instead of what's shown on the chart (approx 350 sats). That area on the...
CTSIBTC is now mid-way through printing the Adam & Eve bottom reversal pattern...
When this pattern shows up, any correction is likely to reach its end before the pair resumes its growth.
The next target is marked here on the chart at 155%+.
Chart Signals for CTSIBTC by Alan Masters
Prices moving above EMA10 and EMA21.
💎Technical Analysis Summary💎
-CTSI broke the key support area at 400s sat
-And confirms the daily Bear flag pattern
-If the Bears can send another follow-through
-The price could test the swing low support at 300s sat
-Please don't try to catch a fallen knife
-Wait for proper reversal confirmation
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Relatively new coin on Binance, not much history to go on. Marketcap is at 7.2 mln USD, volume has been super low - less than a million per day, ~198 million coins in circulation.
Seems like this has a lot of room to grow, let's see if it happens, a little volume could go a long way and very quickly.
-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...
-After a strong rejection last August 18
-The price has declined by over -40% from the High
-It also painted a Bearish reversal candle
-Currently, CTSI is trading on a downtrend
-If this downward movement continues
-It will likely to test 612 sat area
-Demand zone is likely located in the green line
-Have your alert set to monitor this coin next week
Price action is consolidation in a Triangle Pattern. I am expecting to see atleast 2nd Leg Up so waiting for a Bull Brekaout.
Having Limit Orders from 825 Satoshi. Targets are mainly the Resistance but trailing the take profit is likely to happen if it breaks the above the Resistance.
Trade at your own risk. This is not a financial advise. We are...
Retesting & holding ~770 sats support level after reaching ~1k sats level (matching a daily TD9)
Zooming in, Potential symmetrical triangle that is worth tracking for a breakout over the following 48hs..
UCTS remaining bullish across multiple timeframes..