CETUS
CETUS has been in a downtrend for a long time and the price is currently trading at $0.10. When the chart is examined, it is seen that the price remains within the falling channel and is moving close to the upper band of the channel.
The price continues to be under downward pressure by moving within the falling channel. The long-term downtrend is dominant and so far the upward attempts have been limited. If the $0.10 level is not broken upwards in possible declines, the selling pressure may increase and pull the price to the $0.079 support.
Since it coincides with the upper band of the channel, a reaction can be expected from here. If it moves upwards from the $0.10 level and breaks the $0.1166 resistance, an upward movement may begin. Breaking the upper band of the channel and this region working as support may cause the price to accelerate towards the $0.1599 - $0.1986 levels.
Since CETUS is still trading within the falling channel, it is still in a risky area. Movements between $0.10 - $0.1166 will be decisive in terms of price direction.
These analyses, which do not provide investment advice, focus on support and resistance levels that are thought to create trading opportunities in the short and medium term according to market conditions. However, the user is entirely responsible for trading and risk management. In addition, it is strongly recommended to use stop loss in relation to shared transactions.
Author: Ilahe
