This chart provides a CATI/USDT
This chart provides a CATI/USDT analysis on the 12-hour timeframe, showing a potential bullish continuation pattern. Here's the breakdown:
Key Observations
Bullish Trend Setup:
CATI is in a strong upward trajectory, with price respecting the ascending trend channel.
After a pullback, the price is forming a potential cup-and-handle structure, signaling a continuation of the bullish trend.
Targets (Resistance Levels):
T1: $0.8579 – The nearest resistance and a key breakout level.
T2: $1.1673 – Intermediate target based on the measured move.
T3: $1.4378 – Long-term target if bullish momentum persists.
Key Observations
Bullish Trend Setup:
CATI is in a strong upward trajectory, with price respecting the ascending trend channel.
After a pullback, the price is forming a potential cup-and-handle structure, signaling a continuation of the bullish trend.
Targets (Resistance Levels):
T1: $0.8579 – The nearest resistance and a key breakout level.
T2: $1.1673 – Intermediate target based on the measured move.
T3: $1.4378 – Long-term target if bullish momentum persists.
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