CKB / TetherUS

CKB/USDT Indicating Breakout the key area and continue upward!

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💎 CKB has recently displayed noteworthy market dynamics, experiencing a significant upward movement towards the bearish OB and supply area.

💎 Should CKB successfully break out above the supply zone, this could signify a bullish momentum, the probability leading to substantial upward movement towards our target strong resistance area.

💎 However, if CKB fails to breach the supply zone, we may witness a rejection, prompting a downward movement towards the demand area around 0.099 to initiate a new momentum.

💎 Upon reaching the demand area, it is crucial for the price to bounce back upwards if there is an intention to resume the upward trajectory and attempt another breakout.

💎 Failure to bounce, or worse, a breakdown below the demand area, would indicate bearish sentiment, resulting in continued downward movement and a potential retreat to the accumulation zone area.

Penafian

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