CTXC following XRP algoCTXC is spiking all over but when comparing with XRP we see same algo in play. Spikes are likely because CTXC has low liquidity and price is easier to move in both directions. If we continue following XRP algo then what we can expect next is push up to break diagonal resistance line and test ATH range, followed by test of breakout.
CTXCUSD trade ideas
$CTXC @CTXCBlockchain @BinanceCortex is on the move! How high can it go? Follow me for trading ideas
Wave Analysis: Wave 2 possibly ending todayHello and happy Friday to everyone. I hope you all enjoy your weekend! Looks like we might have a positive one for a change as today has show a bit of a downtrend for most the Crypto market.
For some, it appears they are consolidating/correcting today.
Cortex is possibly in an Impulse wave, having already completed wave 1 and currently in wave 2 for correction.
Correction has already dipped below the .236 fib. I am seeing a pattern that's telling me somewhere near the end of todays daily candle, we'll see the start of the 3rd wave.
I have two fib retracements to have a range to take into account for movement.
MACD
It's at the PINCH! Looks to be indicating the switch to the uptrend.
RSI-X
Not great. Still more near being oversold and the VOL-X is pointing down.
Stoch
Moving where I think it should be, Up, open, and hopefully it'll open up a bit more as the day continues.
Waiting on confirmation for how todays candle ends to know where things will be going. It could continue in a further downward correction if the volume doesn't improve.
Expect a large sell off between .5-.618 fib. Similar to the May 27th candle. It got near that .5 fib and it saw a large sell off.
Enjoy your weekend, hope you all have something fun planned! Stay safe!
CTXCUSD something's brewing here !With Ocean Protocol on a tear for the past days, the AI Blockchain sector looks hot !
Keep a close eye on this one guys. These weird volume spikes since a couple of months should not be ignored.
Let's see how things pan out in the next few days...