Cartesi in a cup and handleCartesi is in a cup and handle pattern on the 1 hour TF. i see a move of 7% based on the pattern
CTSIUSDT trade ideas
CTSIUSDTCTSIUSDT has given the breakout from falling trendline and has created the local support zone and now showing good bullish momentum from this zone. Will this bullish momentum will be hold and CTSI will fly ?
CTSIUSDT wants a pullback? Recently, the price of CTSIUSDT encountered a significant resistance level on the daily chart. This resistance proved to be formidable, leading to a rejection of higher prices as buyers struggled to push the price beyond that level.
As a result of the rejection from the daily resistance, there is now a possibility of a pullback in the market. A pullback refers to a temporary reversal of the prevailing trend, in this case, a potential decline in CTSIUSDt's price. Traders and investors might be cautious, as this pullback could signal a period of consolidation or a shift in market sentiment.
Based on Plancton's trading rules, which are likely a set of technical analysis guidelines and strategies, a new short position could be considered. A short position is a trading stance where the trader expects the price to decline further. In this context, it means that according to Plancton's rules, there is a suggestion to take a bearish position on CTSIUSDT, speculating that the price will continue to move downwards.
The next potential target for this short position is the daily support level around the $0.135 area. A support level is a price level where there is historically strong buying interest, causing the price to reverse its downward movement or at least stall temporarily. If the market adheres to historical patterns, there might be a higher probability of the price finding support around $0.135.
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <= 1h structure.
Follow the Shrimp 🦐
CTSI (Cartesi) Token Analysis 03/05/2021Our Initial analysis and our first target where we have invested at:
Our Second Analysis where we have achieved the 1 and 2 Targets and Proofs that the 3 Target is Confirmed. so we are updating our Analysis and targets:
Fundamentals:
Cartesi is taking smart contracts to the next level. It is solving the urgent problem of scalability and high fees on blockchains by implementing a variant of optimistic roll-ups. Most notably, Cartesi is revolutionizing smart contract programming by allowing developers to code with mainstream software stacks. Noether is Cartesi's side-chain that’s optimized for ephemeral data, providing low-cost data availability to DApps.
What gives Cartesi a competitive edge as a layer-2 and optimistic rollups solution is that it allows developers to code their smart contracts and DApps directly with mainstream software components and Linux OS resources. That represents more than an incremental improvement to decentralized applications. It is a necessary step toward the maturity of the whole blockchain ecosystem. Allowing mainstream programmability means that DApp developers have an entirely new expressive power to create from simple to rather complex smart contracts. It also means opening the doors for extensive adoption of regular developers who have never programmed for blockchain, as they will create decentralized applications with a coding experience similar to desktop or web.
CTSI is a utility token that works as a crypto-fuel for Noether.
1.Stakers receive CTSI rewards by staking their tokens and participating in the network.
2.Node runners are selected randomly according to a PoS system and gain the right to create the next block.
3.Users of the network pay CTSI fees to insert data on the side-chain.
CTSI also plays a role with Descartes Rollups.
CTSI will be used by DApps to outsource the execution of verifiable and enforceable computation to entities running Descartes nodes.
The significant Attributes of CTSI
1.Cartesi is a layer-2 infrastructure for blockchains that allows developers to code highly scalable smart contracts with mainstream software stacks on a Linux VM. Cartesi uses a combination of rollups and side-chains.
2.Mainstream programmability: Developers create smart contracts with mainstream software stacks, taking a productive leap from the limited programmability of blockchain-specific VM's to coding with software components supported by Linux.
3.Large scalability: Cartesi enables million-fold computational scalability, data availability of large files and low transaction costs. All while preserving the strong security guarantees of the underlying blockchain.
4.Privacy guarantees: Cartesi allows for decentralized games where players conceal their data and Enterprise applications that run on sensitive data, preserving privacy on DApps.
5.Portability: Cartesi is blockchain-agnostic and will run on top of the most important chains. The current implementations already support Ethereum, Binance Smart Chain, Matic (Polygon), with Elrond coming soon.
The most important asset for Cartesi is a team of very strong professionals, researchers and engineers extremely excited to create and implement novelty in the blockchain space.
Cartesi is made up of a team that comes from very high profile backgrounds, real-world experience at top companies such as Microsoft Research, and PhD’s from top universities like ETH Zurich and Princeton.
The live Cartesi price today is $0.734969 USD with a 24-hour trading volume of $53,339,047 USD. Cartesi is up 15.01% in the last 24 hours. The current CoinMarketCap ranking is #261, with a live market cap of $248,020,810 USD. It has a circulating supply of 337,457,354 CTSI coins and a max. supply of 1,000,000,000 CTSI coins.
Technical Analysis:
The Token has done its initialization and Accumulation Phase and expressed it initial Impulsive cycles. where as the Price has Triggered the 161.8 (Extension) level of Fibonacci Projection of the initial cycle, which makes the 261.8% a confirmed target To aim at.
there exist a Hidden Bullish Divergence of Price and MACD and which is the sign of bullish trend continuation. and acts as a double confirmation of the Specified targets.
the support areas are having confluent with past Target and resistance areas and Fibonacci levels.
targets are the projection kevels of the same Fibonacci projection.
CTSI 60 %+CTSI potential move up 60 %+
Looks very good, hope we can close daily above 0.167 and real pump start
CTSI analysis (4H)Hi, dear traders. how are you ? Today we have a viewpoint to SELL/SHORT the CTSI symbol.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
CTSI Breakout possibleCTSI may breakout - potential but not confirmed by any means
Worth keeping an eye on
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CTSI: Important levels incoming!Currently we are seeing a new contraction box, we are likely to see price whipsaw through the contraction line, we are however likely to go towards the bottom of the channel in the very near future; this of course won't happen if BTC gains additional strength
$ctsiHola ,
monthly close is here and xi ready to deploy all us bonds into crypto ;)
this one looks good to break if it does expecting a 50% move
caution for a flush just before monthly close
where to next?Being looking at CTSI for a while and this looks like a symmetrical triangle, which means it could go either way
However looks like RSI supports the move upwards
so I am gonna wait for a break out then place the trade
of course keep in mind after a break out there might be bull traps.
if we going long then 0.25 is the first place
if it doesn't break upwards and we go back down and it breaks downward then we are looking at 0.11
I will update with what my trade will look like soon
CTSI - longing weekly range topbullish PA with plenty of air above. PA consolidating at support before next leg up. Expecting this to start pumping by EOD. If it stalls here over next few hours, will cut it.
CTSI - shorting resistance and trendlinethird times a charm...
shorting resistance and trendline. will cut if trendline broken on 1H
CTSI flipped longPA very bullish after restesting range of weekly and targeting fib 618 of move + prev month mid range. Assume this gets there quick. if it stalls at monthly open ill cut it, if it momentum stalls ill cut it
CTSI short back in prev week from highprev week high now acting as resistance. shorting back into this prev weeks range.
Cartesi Looks Ready to MoveFalling wedge, bull signal with my indicator on 8h, I have an inkling about this one ;)
Targeting 23c. Although, this could blast higher, I have more conservative TP.
I nailed this trade previously:
CTSI ready to move...Targeting 23c.
Set up looks good to me..
Nailed the last move..
Got a good feeling about this one..
CTSI struggles under BTC dumpAs I mentioned in my earlier idea CTSI want to get rid of it's downtrend. Unfortunately BTC is not in a good position to support this idea.
When BTC continue it's downtrend CTSI could test trendline around .18, furthermore we could see a test of support zone around .15
Ctsi Getting Ready for Another Bullish Impulse Seems Like Getting Ready To Continue Its Bullish Momentum Formed Falling Wedge In H2 Timeframe Incase Of Breakout Expecting Another 35 to 40% bullish Wave
Possible short for $CTSIPattern forming for a possible short here + BTC expected to go 26K range.
Target on chart.
Not Financial Advice
