The chart shows an upward trend for CATI/USDT, with steady momentum until a pullback occurs around the 1.10 mark. The presence of MACD SE and LF signals indicates some potential reversals and consolidations during the upward movement, likely reflecting market indecision or a brief pause in momentum. The price reached a peak and experienced a minor correction, signaled by the red arrows and negative indicators.
The consolidation phase suggests a cooling off before the next potential move, either breaking higher or retesting lower support levels around 1.05. If bullish momentum continues, a new push upward could follow soon after this consolidation phase. However, with negative MACD signals (-1, -2), there might be a chance of further corrections if bearish pressure continues.
For now, the short-term trend remains intact, but caution is needed if the market shows further weakness
