$CTK 1H structure, price 0.1246: resistance 0.1255, 0.1328 and 0.1394; support 0.1218, 0.1148 and 0.11.
On the hourly chart $CTK is below EMA20 (0.1299) and EMA50 (0.1318). It takes a close back over EMA50 to change that. Resistance at 0.1255 is less than one 1H ATR away. How it reacts there decides the next leg. $CTK is sitting 2.27% above support at 0.1218, so that level needs to hold on a closing basis.
Overall I read the 1H as bearish.
Context: $CTK is 16.7% behind $ETH (-0.29%) on the day, while $W , -27.3%, is tracking a similar path.
On the hourly chart $CTK is below EMA20 (0.1299) and EMA50 (0.1318). It takes a close back over EMA50 to change that. Resistance at 0.1255 is less than one 1H ATR away. How it reacts there decides the next leg. $CTK is sitting 2.27% above support at 0.1218, so that level needs to hold on a closing basis.
Overall I read the 1H as bearish.
Context: $CTK is 16.7% behind $ETH (-0.29%) on the day, while $W , -27.3%, is tracking a similar path.