Hello, I am coming today with an idea on CTSIUSDT pair. Many people made lots of earning with CTSI in the past days as it did a very good move. In the long term I see it quite possible to break the 1$ target and more but meanwhile I am talking about the scenarios possible in the 1h time frame.
FIRST SCENARIO-Most possible one to happen. I see it shorting to the 0.78 and 0.73 area. RSI indicates a bearish movement and as you can see it is forming a downtrend. So a possible move is between the two green lines indicated with the price there. It will form a lower low, so I see it even going more down, which will indicate a good area of entering as I have put in the chart. The next target after that is 0.8$ with a fine percentage win.
Second SCENARIO- The latest support became resistance. It means that it will need to break that in order for us to say that we are seeing a trend reversal. Also it needs to stay above 0.90$ for a while to call it a bullish movement. It also can form a M patter, touching the resistance and not breaking it, moving us again with the 1st scenario. This is not much possible, as the indicators show that a bearish move. Unless a big volume enters the trade, we can see a reversal.
Trade with patience and trade carefully. If you have any comment, you are free to comment. :)
FIRST SCENARIO-Most possible one to happen. I see it shorting to the 0.78 and 0.73 area. RSI indicates a bearish movement and as you can see it is forming a downtrend. So a possible move is between the two green lines indicated with the price there. It will form a lower low, so I see it even going more down, which will indicate a good area of entering as I have put in the chart. The next target after that is 0.8$ with a fine percentage win.
Second SCENARIO- The latest support became resistance. It means that it will need to break that in order for us to say that we are seeing a trend reversal. Also it needs to stay above 0.90$ for a while to call it a bullish movement. It also can form a M patter, touching the resistance and not breaking it, moving us again with the 1st scenario. This is not much possible, as the indicators show that a bearish move. Unless a big volume enters the trade, we can see a reversal.
Trade with patience and trade carefully. If you have any comment, you are free to comment. :)