Long
Updated

CMTUSD, Cibermiles break-out soon!

226
CMTUSD or CMTBTC breakout is nearby. Soon we will break the orange line wich is touched multiple times now. An great suply area is waiting. Go long!
Note
Retraction and pullback. After touch in the circle area possible upside movement.
snapshot
Note
Retraction done, up again:
snapshot
Trade active
Note
Retested the resistance/support zone wich is drawn with the orange/yellow line. This is also a fibonacci retracement zone. I think maybe one ore pullback and retest to complete the wedge. We needed this pullback to create momentum for a new move up.
snapshot
Note
Also if we look at the CMTBTC chart we can expect upward movement:
snapshot

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.