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CTSI / TetherUS PERPETUAL CONTRACT

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I See Strong Support At ZeroThere's this dream I have; the dream where I win and everything is easy. Everything is already easy, but I mean a really easy win. The easiest way to win is to buy low and sell high. And of course, the best price is zero. I'm always on the lookout for zero prices since this event area allows for infinite profit. Technically, CTSI can return to zero support area, it got close in May at 1 cent, and I'm gonna put in a limit buy order for this possibility. I'm gonna buy a billion CTSI .... at zero. Here's hoping the whales crush all hope.
Short
by Putrid_Shittgenstein
CTSI/USDT Update: Successful breakout, failed S/R test.Overview : CTSI/USDT failed to bounce off the S/R flip. Looks like a retest is trying to get going today. Analysis : CTSI/USDT has shown weakness during bitcoin's recent uptick. This prevented a successful retest of prior resistance-turned-support. My updated chart shows an upward channel colliding with a penultimate line of resistance. The arrows simply indicate possible reactions to this retest. Deeper Dive : The recent price action in this coin highlights the need to manage risk by identifying other market conditions that may be detrimental to an otherwise well thought-out trading strategy based upon technical analysis alone. It is typical of small cap altcoins to respond to BTC's increased dominance. As soon as BTC stabilizes, especially if it stabilizes in spite of equities markets' performance, expect altcoins to continue to outperform. If it does not hold up and BTC retraces abruptly, expect CTSI to respond negatively. BTC is still, and perhaps always will be, the oxygen-providing asset allowing other coins to breathe. If you don't have a monitor to dedicate to BTC's performance, be diligent about setting alerts. Tradingview has one of the few alerting systems that work consistently. I would recommend it. Comments : I remain long in this coin with a relatively tight s/l. I expect BTC's performance to be the dominant external determinant. Since BTC is holding up v. equities markets today, that might be taken as a positive sign. I remain cautious, but optimistic. Final note : If the retest is successful, I expect my prior analysis to remain in tact. "Every day is a little life. Every waking and rising a little birth, every fresh morning a little youth, every going to rest and sleep a little death." -Schopenhauer Good luck.
Long
by Socraticpause
CTSI/USDT breakout complete on the daily, R/S retest underwayOverview : CTSI/USDT seems to have most of its work behind it. Successful breakout on the daily t/f. From this point, a successful retest of the 0.05730-0.0750 area would confirm. Analysis : Last line of resistance on the daily was the 0.0573 area. Breakout complete. The retest is underway, but may not fully form if the momentum remains strong and BTC holds up. The arc I use helps visualize potential parabolic price action. The double curve is used to identify potential retesting and continuation patterns. Deeper Dive : The trader's advantage here is that by the time the coin has reached this blue sky breakout point, most of the risk was shouldered by traders and investors who played the bottom and endured many lines of resistance. By the time the asset reaches the final line of resistance, these individuals deserve to sit back and watch everyone clamor to establish a reasonable price. As with everything, it doesn't always happen this way, but it is a common occurrence. Comments : Feels a bit redundant at this point, but it looks like many of the alt coin pairs we've been looking at for the past month. Bitcoin had a moderate move up today, and this made everyone sit up and pay attention. Although I didn't see bulls willing to push it higher, I also didn't see bears attempt to create a fake out wick and push us back to 9100. That said, my optimism remains not only cautious, but as I stated in another post - it is fragile. Final thoughts : Low cap coin - exercise risk management accordingly. Monitor the broader market. Do your own research regarding the fundamentals of the CTSI project. Don't get drunk on fomo. Have fun. Good luck.
Long
by Socraticpause
Hight risk on short term for CTSI / USDT pair Hello everyone, This new coin as always, enter with a traditional hight volume during its first hour and first day. It was pretty risky to buy in due to fondamentals (the token was sell for 0.015 USDT) but, due to the hight volumes, was pretty fun to scalp. AS we can see, we can begin to do a small analysis in short term : i personally start to put a fib retracement on the big candle where the token go from its selling price to the height of 0.09750, and we can start to see a small correlation with the fib levels and some reaction from buyers/ sellers who create resistance and support from those levels. Fib levels appart, we can obviously see a bearish trading range with hight indecsision of the market, where the price drops every time it hit the top of the trading range resistance. That main resistance create actually in my opinion, the biggest challenge for the price to go highter. if the price drops after rejecting again on the bear trend resistance, its possible that we can expect again, a drop of 12%, that will likely push the price to the 0.04650 fib level retracement, and will luckly give us a bottom if the price show some entry signal (low RSI on 30mn chart, oversod AROON indicator, and a price breaking the resistance). From indicator side, the RSI is still too hight for a almost safe entry in my opinion, Aroon show some indecision from buyers and sellers (no oversold, and no overbuy), volume are decreasing from 20 Million to 5 million from yesterday, but the CCI show good sign but its in my opinion a buy trap due to other indicator and the chart who show verry bearish sign. In conclusion, in my opinion, because of the chart and indicators, im still verry bearish on this trade, until we hit the possible new short term bottom of the 0.04650 fib level. Any entry before we broke upward the channel or hit that botom level, are really dangerous, with a possible 12% drop risk, keep in mind the token was sale to 0.015 and its verry bottom still this price. not a trading advice, im just sharing idea. I apologise for the bad english.
Long
by JEZZRZZ
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