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NERVOS NETWORK / TETHER PERPETUAL FUTURES

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CKBUSDT.P trade ideas

Is CKB Price Aimed To Moon? Over the past year, CKB has delivered impressive returns, surging by 450% and providing substantial profits to its investors. Recent price movements indicate a bullish reversal, with key support levels established at lower price points. This has created a solid foundation for potential upward momentum. Additionally, CKB has broken through significant "change of character" levels, marking a pivotal shift in its trajectory. This breakout was accompanied by a surge in trading volume, reinforcing the strength and reliability of the upward trend. The combination of rising volume and positive price action suggests a more bullish outlook for the cryptocurrency. In terms of support and resistance, CKB may find support at $0.0125 and $0.0101, while resistance is expected at $0.0240 and $0.0290. These levels will be crucial in determining the next move for this crypto asset.
Long
by Sam_TCR
demonstrated a chart in favour of bullThe CKB price had a good start this year with consolidation to a peak that it registered on April 10th, 2024, where the price peaked at $0.03790 and closed at $0.032750. However, the CKB failed to hold its gains, and deterioration began after April 11th, 2024, when the price corrected and formed support at $0.014600 by May 1st, 2024. Since then, the price has been trapped in a Darvas box situation, where the price has been consolidating over multiple sessions at a crucial support of $0.014600. This support was not easy for the bears to break, as the bulls seemed sturdy at this level. By this week, the price had grown by nearly 20%, and in intraday itself, it had gained 12%, traded at $0.01940. Meanwhile, it illustrates that the price of CKB is attempting to break out of the box, possibly symbolizing the bulls want an uptick soon in the coming days. An analyst, taqwaayub, demonstrated a chart in favour of bulls, which displayed that the price has slightly breached a downward trendline and could go crazy higher even if the doors could open for a new all-time high once a previous supply territory is breached. Therefore, if the Nervos Network (CKB) price hits the paddle, the price could gain 2x return. This makes the resistance brake levels priced around $0.02600 and $0.032750. On the contrary, there lies another situation: if the CKB price remains in this range of Darvas box, the range could continue stretching. Meanwhile, if the range breaks and breakdown appears, the price plunge beneath $0.014600 could lead towards the previous demand, and support would lie around $0.010000.
Long
by Sam_TCR
1
#CKBUSDT #CKBUSDTLONG Trade Setup with Technical Analysis #CKBUSDT (BINANCE)1 day chart. 🟢Long position 🚫STOP Loss $ - 0.00354 (- 9% ) ✅Entry Price Around $- 0.00393 🎯 Target Price $ - 0.00447 ( +14% ) Risky Target 🎯$ : - 0.00548 #CKBUSDT Market Latest updates & Fundamental Analysis Nervos Network (CKB) seems to be one of the top-gaining cryptocurrencies this year. According to the recorded achievements of Nervos Network in the past few months, CKB is considered a good investment in 2022.
Long
by Cryptbergofficial