The $CTK chart shows a potential bearish trend. The price is currently below a descending triangle pattern, which suggests a downward breakout may be imminent. The 200MA is also below the price, reinforcing the bearish sentiment. However, the 50MA is crossing above the price, which could indicate a short-term bullish reversal. Overall, the chart is leaning bearish, but a close watch on the 50MA's behavior is crucial.
Bitcoin Wyckoff secondary test complete - follow the guide to the LPS.
In the Wyckoff Method, LPS stands for Last Point of Support. This term refers to a key point during the accumulation phase where the price makes a higher low before potentially moving upwards in a new trend.