On the above 2-day chart price action has corrected an astonishing 80% since early April. A number of reasons now exist to be bullish, including:
1) Price action prints a higher low on past resistance. Look left.
2) Regular bullish divergence. Six oscillators (purple circles) are currently printing bullish divergence with price action. Look left!
3) Volume. I know not what or why but volume has been pouring into this low market project over the year. Someone knows something I don’t, follow the money.
4) The 6-day CTXC / BTC chart (below).
4a) “Incredible buy” signal is printed with following higher low.
4b) Price action breaks out of 3.3 years of resistance!
4c) 8 oscillators are currently printing regular bullish divergence with price action. On this time scale that’s huge.
Is it possible price action falls further? Sure.
Is it probable? Unlikely.
Good luck!
WW
6-day CTXC/BTC chart
Operación activa
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Support on past resistance confirmed.
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Breakout!! 75% in 9 days.
No sell signal at this time.
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PS: If looking to enter a long position then look for support around 30 cents. On the 4hr and 8hr charts price action has moved way outside the Bollinger Band. Look left, enter trade when the mean (black line) is tested again as it will inevitably do.
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250% !!
Price action is way outside the Bollinger Band on the daily now. Way way out. Don't FOMO, which is what we're now seeing.
@parissap, Does look that way. A 'great buy' just printed on the daily chart with support now confirmed on the 50-day EMA. 85% move to 700 sats should now occur.
bagcio8
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Nice chart and infos, thanks. i've been following this coin for a long time. it's going to be pumped hard!
ahmedmoghazy01
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trade active for enter now ?
susta
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congrats
without_worries
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@susta, I did not expect that to happen so soon. Bonkers with knobs on.
bagcio8
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hooooly!! Pumped hard! ^^
molbioinfo
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I have the basic Tradingview account, but I cannot see the divergence in the 1D chart, at least in RSI, Stoch RSI or MACD. It's true that these oscillators have just broken resistance with the 22Nov spike, and that since Aug there are big volume spikes that are also price spikes, without prices moving higher after, that (I think) suggest the "someone knows something I don't". I'm a total novice and won't presume otherwise, but not seeing the divergence in the 1D makes me less convinced? Apologies, I have no clue as to how to post a chart within a comment...