$CTXC Now is the beginning of the success of the analysis and purchasing momentum, and if the price breaks the 0.17 resistance point, it is possible that we will see a significant upward level during this week.
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Bullish
$CTXC Here's a quick technical analysis based on indicators for the CTXC/USDT currency pair
1. **Moving Averages (MA and EMA)**: - Moving averages over periods of 7, 25, and 99 days indicate that the general price trend is in a declining state as the short-term averages (7 and 25) are below the long-term averages (99). - The EMA shows the same pattern with EMA(7) and EMA(25) below EMA(99).
2. **Bollinger Bands (BOLL)**: - Bollinger Bands show a contraction in the upper and lower bands, which indicates low volatility and may be indicative of a period of accumulation or calm before a significant price movement occurs.
3. **Relative Strength Index (RSI)**: The current RSI value of 53.6692 indicates that the market is not in a state of overbought or oversold, which means that the next price movement may be uncertain.
4. **MACD indicator**: - The MACD indicator shows a recent bullish crossover (DIF above DEA), which may indicate the start of a bullish phase for the price.
5. **Parabolic SAR indicator**: - Yellow dots of the SAR indicator are below the candles, indicating a current bullish signal.
Looking at these indicators, there could be initial signs of the beginning of a major upward movement for the price, but the upcoming indicators and candles must be followed to confirm this trend.
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