Updated
#CMT update: showing RSI Divergence after C&H tp. #crypto
#CMT after achieving its Cup&handle Target of 5.1k sats, is showing bearish divergence in RSI
A retracement is due, we can expect an ABC correction
A leg, supported by the 38.2fib retracement level at 4.1k-4.2k sats.
Ideal re-entry can be suggested, only after we see some trend reversal confirmations, around the 50DMA which coincides with the 61.8 fib level support.
A retracement is due, we can expect an ABC correction
A leg, supported by the 38.2fib retracement level at 4.1k-4.2k sats.
Ideal re-entry can be suggested, only after we see some trend reversal confirmations, around the 50DMA which coincides with the 61.8 fib level support.
Note
#CMT is down 14.85% currently, 23.6fib level is providing support around 4900 region.Expected to move to 4.1k sats region today.
Note
#CMT update: 35% drop since Rsi divergence was spotted , after the Cup&Handle tpA leg hit 38.2fib retrace: 4.1k region - posted on 29May
B leg retraced till 38fib of A wave
Ideal entry after tomorrow's close, after a TD9 signal and bounce off 50DMA.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.