CTSIUSD targeting 0.5500 in two possible scenarios

Cartesi (CTSIUSD) emphatically broke above the 0.382 Fibonacci and is headed for the 0.5 Fibonacci (0.4000). With the 1D RSI massively overbought having almost hit 90.00 three days ago, it is possible to see a pull-back to the 0.236 Fib similar to September 2021. As long the 0.382 Fib holds, we may target the 0.618 Fib at 0.55000, otherwise we would welcome the 0.236 Fib pull-back for a better buy.

Tradingview link:


Add a comment