CTSI 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 the regression trend and beneath channel midpoint -- because who...
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 wave of an Impulsive Wave 5 in Elliott Waves).
Price has just made...
Cartesi 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 are very popular.
Wait for correction to complete and then buy at...
After some careful work, I am taking another guess at the future of CTSI. Using the Gann box overlay, I found a very promising trend line with some very nice points of contact. Start by looking at Nov. 11th. A very significant date - where the price of CTSI met the 0.5 horizontal Gann and vertical 0.5 Gann and the candle closed at the 0.75 Gann at $1.42. "X MARKS...
CTSI trend reversal started. ABCD bullish pattern formed. The first resistance is $1 (30%) gains in the next 1 week and the Second resistance point is $1.20. IMO this way undervalued Long term this can hit up to $10.
This is not Financial Advice.
Drew a quick Gann Box over CTSI. I like what I see. Lots of correlating points and connections. The Gann Box overlays a backwards Fibonacci retracement box. Something to watch and think about over the next few weeks. Box ends on Jan 29.
Do your own due diligence and have fun. Not financial advice. Just pretty pictures.
I expect a move back down to .60-.63, and a break under 0.70 on heavy maintained supply would be a sign that we are moving toward the area.
Going back upside .78 would make me consider price to test again .84-.94
Looking into this crypto smarty contract I might have noticed an H&S pattern with reversal to the upside. Just an idea and not financial advise. I would like more comments about the possibilities of a break up but time could also tell us that.