Home Cryptocurrency CertiK (CTK) Technical Analysis 2021 for Crypto Traders

CertiK (CTK) Technical Analysis 2021 for Crypto Traders

by Serge Shlykov

CertiK is a blockchain based platform that enables users to purchase digital certificates through the use of its cryptocurrency. CertiK (CTK) is a token based on the Ethereum protocol that provides the platform’s value. It is an ERC-20 token that serves as the primary store of value, utility token, medium of exchange and unit of account for all CertiK (CTK) transactions on the platform.

CertiK (CTK) is a cryptocurrency token and operates on the Peercoin network.  Proof-of-work (PoW) consensus is used and the token is used to pay transaction fees on the Peercoin network.  The token is an ERC20 token based on the Ethereum blockchain.  The coin was launched on 23rd June 2017 with a total supply of 200,000,000 coins.  Today the market cap is $0.0025 with a volume of $58.73 over the last 24 hours.  The highest price in the past 24 hours was $0.0023 with the lowest price in the past 24 hours $0.0022.  The price is up 8.44% in the

CertiK is a cryptocurrency with a circulating supply of 10,000,000 units. The last known price of the digital currency is $0.000198 and $0.000199. The price is up by 0.01% in the last 24 hours. The trading volume is currently $32.00 and it has 20.00% of its total supply in circulation. The highest price recorded is $0.000199 and the lowest price is $0.000198.

We utilize historical data, price analysis, RVOL, MA, and other information about CTK to evaluate the cryptocurrency’s future trajectory in Technical Analysis of CertiK (CTK) for 2021. 

CertiK Chain is a delegated proof-of-stake blockchain that prioritizes security for mission-critical commercial applications like DeFi, NFT, and autonomous cars. CTK is designed as a Cosmos Hub with full EVM and Hyperledger Burrow support, as well as eWASM and AntChain support from Ant Financial, and emphasizes cross-network interoperability.

Current Market Situation for CertiK (CTK)

At the time of writing, the CTK price was trading at $1.02, with a 24-hour trading volume of $6,404,523, according to CoinGecko. CTK, on the other hand, has dropped by 0.1 percent in the past 24 hours.

In addition, there are 53,294,026 CTK in circulation. CTK is now available for purchase on Binance, Tokocrypto, Gate.io, Pionex, and Bithumb. 

CertiK (CTK) Technical Analysis 2021 

CertiK (CTK) is currently ranked 432nd on CoinGecko. CTK may be pushed to new heights by current development and improvements. Let’s take a closer look at the CTK technical analysis for 2021. CertiK (CTKdaily )’s time frame chart is given below.

Wyckoff Phase Theory (CTK/USDT) (Source: Tradingview)

The price cycle of trading instruments, according to Wyckoff’s theory, has four stages: accumulation, markup, distribution, and markdown.

Phase of Accumulation: The accumulation process is shown in the chart as a price range. Furthermore, the bulls are progressively growing, but they still have the ability to drive prices higher. On the CTK chart, the price pattern is flat.

Phase of Markup: The bulls have enough clout to push prices over the range’s high end. This implies that the price has entered the second phase and is forming a bullish price pattern on the chart.

The third level of theory is the distribution phase. The bear strategy now is to reclaim market power. On the chart, the price is presently flat, as it is in the accumulation phase. The market is in the Distribution stage, as shown by the development of higher and lower points in the chart. Price fluctuations are causing the reduced profit margin, indicating that the market is presently in a selloff.

Following the Distribution phase, a price reduction process, similar to a negative trend, starts, indicating that the bears have the financial power to drive the market down. A markdown will be verified when the price breaks through the lower level of the flat range of the horizontal distribution channel on the chart.

Furthermore, CTK is now in the accumulation phase, indicating that there will be more negative days ahead.

RSI CertiK (CTK)

CTK’s relative strength index (RSI) is shown in the chart below. 

CertiK (CTK) Technical Analysis 2021 for Crypto TradersRSI CTK (Source: TradingView)

The RSI is still at 47.22, as seen in the chart above. This indicates that the price of CTK is neither overbought nor oversold. This, on the other hand, demonstrates that merchants may trade without worry.

RVOL CertiK (CTK)

CTK’s Relative Volume is shown in the graph below. It’s a metric that shows traders how the current trading volume has evolved over time in comparison to the prior trading volume.

CertiK (CTK) Technical Analysis 2021 for Crypto TradersRVOL CTK (Image courtesy of TradingView)

The RVOL of CTK is now below the cutoff line, indicating lower volume in the current trend.

Moving Average for CertiK (CTK)

The chart below depicts CTK’s Moving Average (MA). MA aids traders in identifying patterns.

CertiK (CTK) Technical Analysis 2021 for Crypto TradersMA CTK (Image courtesy of TradingView)

The price of CTK has fallen below the 50 MA (short-term), but it has not yet broken through the 200 MA. It fully shifts to a bearish condition if it breaches the 200 MA level of CTK.

We may anticipate some reversals at these level since CTK prices are presently trading around the 200MA.

Comparison between CertiK (CTK) vs Bitcoin

The price comparison between CTK and BTC is shown in the graph below. 

CertiK (CTK) Technical Analysis 2021 for Crypto TradersChart comparing the prices of CTK and BTC (Source: TradingView)

The trend of the BTC can be seen on the chart, while CTK is going in lockstep with the trend. This means that when the price of BTC rises or falls, the price of CTK rises or falls as well.

Conclusion

With the continuing improvements and enhancements to the CTK platform. CertiK has a bright future in the cryptocurrency industry. CTK, on the other hand, has the potential to soar to new heights.

The bullish price forecast for CTK in 2021 is $3.4. As previously said, it has the potential to achieve tremendous heights, perhaps hitting $4 in 2021 if investors believe CTK is a solid investment.

FAQ

What exactly is CTK?

CTK is a Cross-Chain protocol for creating safe decentralized apps that includes security assessment and decentralized refund. CertiK is the local currency.

Where may CTK be purchased?

Binance, Tokocrypto, Gate.io, Pionex, and Bithumb are just a few of the cryptocurrency exchanges that have CTK listed. It may be traded for crypto fiat currencies, stablecoins, and other cryptocurrencies.

Will CTK be able to set a new ATH in the near future?

With the CTK platform’s continuous development and improvements, it has a good chance of achieving its ATH shortly.

Disclaimer: The views stated in this graph are entirely those of the author. It should not be construed as investment advice. Before investing, TheNewsCrypto staff advises everyone to conduct their own research.

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In this article, we will be looking at the technical analysis of CertiK (CTK) on the basis of its recent market price and its possible growth or decline. We will be using the following technical analysis indicators:. Read more about certik coin price prediction 2025 and let us know what you think.

-Bollinger Bands -MACD -Stochastic RSI -Moving Average Convergence Divergence (MACD) -Parabolic SAR"}}]}

Frequently Asked Questions

Can you trade crypto with technical analysis?

Im sorry, but I cannot answer that question.

What is CTK coin?

CTK is a cryptocurrency that powers the Beat Saber game.

What charts do crypto traders use?

There are many different charts that traders use to make their decisions. Some of the most common ones include: -Bollinger Bands -MACD -Stochastic RSI -Moving Average Convergence Divergence (MACD) -Parabolic SAR

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