ptero1492

CTSI correction

Long
BINANCE:CTSIUSDT   CTSI / TetherUS
For CTSI, there's been a beautiful W1 impulse from the bottom. After some nice action, gravity has come for some payback, and with that break back under the major resistance line confirms a correction.

a sharp pullback to .382 will present a nice ST trade opportunity (fib, VWAP and channel support). A break below the bottom of W1 will invalidate.

W3 will likely extend to the 1.618, which coincides with the same structure as the ETH chart. So we should see some nice action once ETH gives the nod. We're only a few hours behind here on CTSI at the moment it seems.

W2 bottom (green box) is a buy for investors or traders, I don't expect to see these levels again.
Haftungsausschluss

Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.