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#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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Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.