CTK has reached a major resistance level which confirms a double top on the higher time frames. It's very unlikely to break this double top with all indicators pointing towards a reversal. RSI and Momentum looked cooked and are starting to show bearish divergence. These targets are based off of a ABC correction aligned with fib levels.
This chart based off of The Elliot Wave Theory, Fibonacci, EMA’s, MacD , RSI , Momentum, and resistance/support zones combined with patterns.
This chart based off of The Elliot Wave Theory, Fibonacci, EMA’s, MacD , RSI , Momentum, and resistance/support zones combined with patterns.
Note
Closed my short for a 32% gain in less than 3 hours. ✅
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.