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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 les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.