Bitcoin, along with the whole market, continues its decline. Yesterday CTK broke through the key level of $1.62, after which we did not see a strong momentum downwards, the price consolidated and has now broken through that level upwards. If this bar closes above the key level, a bullish structure will form on the chart - a complex false breakout. In this case, it...
Buy CTK by market
Current price (Buy price): 2.21$
I set my goals for sale using a ladder (taking into account the leverage x10):
Target 1 : 2.275$ (+40%)
Target 2 : 2.29$ ( +60% )
Target 3 : 2.33$ (+80)
CTK is looking very good. It has formed a Ascending Triangle. Right about it breakout. I would wait for $2.16 for a confirmed breakout. Target is 2.72 conservatively. MACD and RSI look great. As long as the BTC.D doesn’t push this back down, this should be a very good trade.
Looks like CTK has completed the Head and Shoulders formation and setting up for a LONG very soon. We could see a straight push back up in price through the MA's or see price consolidate in the short term (a push up to the MA's and back down into the top zone for buy volume to show itself and then prices to push back up to the buy side). It needs to...