Long

CSBTC

For a couple of days CS/BTC pair is trading in the range between 0.00000219 and 0.00000247. Actually it is close to a support level and it seems to be reasonable to buy CS from 0.00000220 to 0.00000201 on a scale down basis with a stop-loss at 0.00000199. The next target is close to 0.00000320 which is strong resistance level. When it is broken the fast move to 0.00000388/0.00000400 or higher is quite possible. It is evident that CS/BTC pair is extremely oversold and fundamentally undervalued at current levels so it looks very attractive to accumulate it. After the bearish mood will be changed the reward will huge.
Chart PatternsFundamental AnalysisTechnical Indicators

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