Technical analysis by Bithereum_io about Symbol CTSI on 6 hour ago

#CTSI is moving inside a descending channel on the daily chart. Volume has increased significantly, and the MACD is giving a bullish signal. CTSI has attempted twice to break above the channel resistance but was rejected by a resistance cluster, which includes the channel resistance, the daily SMA50, the upper Bollinger Band, and the Ichimoku cloud. These were not drawn on the chart to avoid overcrowding. However, alongside this resistance cluster, we believe BTC’s weakness has also limited CTSI’s growth. Consider buying here and near the support zone. In case of a breakout above the channel, the potential targets are: 🎯 $0.0550 🎯 $0.0617 🎯 $0.0689 🎯 $0.0760 🎯 $0.0863 🎯 $0.0993 ⚠️ Always remember to protect your capital with a proper stop-loss and disciplined risk management.