BINANCE:CTKUSDT has been in bearish trend. Currently, It's retracing towards fib 50-75% levels where we have confluence of descending trendline retest. We can look for short setups in that zone.
#CTK/USDT is testing the Diagonal Trendline in 4-Hour TF!
SEED_ALEXDRAYM_SHORTINTEREST1:CTK needs to clear and retest this trendline to gain the Bullish momentum. The local resistance level is PWH $0.973 and support level is PWL $0.696.
We have good bullish confirmations on the chart. (iBOS and CH and broken trigger line)
If a pullback occurs on the green level, it is a good opportunity for buy/long positions.
The targets are marked on the chart
Closing a daily candle below the invalidation level will violate the analysis
For risk management, please don't forget stop loss and capital...
Hey traders hope you are enjoying our analysis. Now we are here again with a new trading opportunity. We will discuss today about CTK
CTK Falling Wedge Breakout Confirmed in 1W Timeframe✍️
Expecting 200% Bullish Wave in coming days 🚀
#CTK/USDT #Analysis
Description
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+ CTK has clearly established a well-defined channel, and currently, the price is breaking downward from this channel.
+ This signals a bearish trend, offering a potential opportunity for a short trade.
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💎Paradisers, let's turn our attention to #CTKUSDT, where current trends hint at a potential bullish rally emerging from its crucial support zone.
💎An analysis of #Shentu's recent market dynamics reveals an impressive 48% surge from its recent peak and hit a resistance zone. However, the resilience observed at the $0.712 support level suggests a gateway to an...
💎Paradisers, let's focus on #CTKUSDT, as the current trends offer a glimpse of a potential bullish turnaround from its essential support zone.
💎A review of #Shentu's latest market activity reveals a considerable 38% drop from its recent high. Yet, the tenacity shown at the support level of $0.612 suggests a doorway to an upward movement.
💎Despite the hurdles in...
CTK is forming a bullish flag pattern on the 15-minute time frame. If it closes above the resistance level on the 4-hour chart, it could potentially lead to a strong upward move for CTK.😍
I believe that the value of CTK will decline from its current position. It appears that liquidity has already been taken in order to drive down the price.
