Key stats
About Cartesi
CTSI - Scenario AnalysisThe Cartesi token is in a tough trading spot, with no clear guidance in my opinion.
I´m working with 2 possible counts, one bearish and one bullish, but price is right between my key levels right now.
My bias is slightly to the downside, but don´t plan to tke a trade at current levels.
Cartesi (CTSI)Cartesi is an application-specific rollup execution layer with a Linux runtime. After CTSI made a double top, price entered a corrective phase, and the right leg of a harmonic pattern was made. Then price broke the downtrend line and it seems the next upward move has started. Let's see what happens.
CTSIUSD targeting 0.5500 in two possible scenariosCartesi (CTSIUSD) emphatically broke above the 0.382 Fibonacci and is headed for the 0.5 Fibonacci (0.4000). With the 1D RSI massively overbought having almost hit 90.00 three days ago, it is possible to see a pull-back to the 0.236 Fib similar to September 2021. As long the 0.382 Fib holds, we may
CTSI Wave Count - Daily ChartIn my primary count, I´m considering that last November´s low at 0.094 to be this token´s bottom.
We would currently be in the final stages of black wave 3, and considering that we are in oversold territory, I´ll wait for a pullback before taking a trade (ideally black wave 4).
Nice chartLiking the price action on this coin. Interesting project too, hopefully they can execute.
Seeing a lot of accumulation at these levels. This is a good buy-and-hold , but also a good trade. Goal is to enter now, take half off at the next fib level, and ride the rest, mostly for free, taking more pr
CTSI Demand at ResistanceCTSI is flexing demand at microtrend resistance. Normally I would discount this and wait for confirmation but seeing so many of the alts making quick micro rallies up to the .272 - .618 areas, I figured I'd try to cash in on this one before I miss the opportunity. Invalidate if it falls back into th
CTSI Update looking even better now after the refuel CTSI Update looking even better now after the refuel
Short-term:
T1: $0.98
Long-term:
T2: $3.2
T3: $5.1
CTSI - Time to Start/Add a Position?I've been watching Cartesi - CTSI for a while now looking to start a position as close to the end of what I believe is the end of Wave 2 Down as possible, so that I am positioned to take the best advantage of what should be Wave 3 Up to come next. (Wave 3s are commonly the most explosive, highest wa
CTSI - wait more for correction to complete, great projectCartesi project is looking to improve smart contracts by solving the issues of high transaction fees and a need for scalability in the Ethereum network. Given the issues on scalability, and the fact that Ethereum 2.0 will likely take some time to achieve, the Layer-2 scaling projects like Cartesi ar
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