CyberMiles Jumps... CMTBTC Is Just Getting Started!

19 Agu 2019

Let's take a look at CyberMiles (CMTBTC) on Binance, this altcoin pair started to move today and it is growing with great momentum and volume... Let's get started.


CyberMiles (CMTBTC) Chart Analysis by Alan Masters

• First we can see a broken downtrend line, in red. Each time this happens we get a move to the upside... So that's our first signal.
  
  
• Volume coming to a halt on the drop... Bears lose momentum, break above EMA10 followed by big green candle and above-average volume.
  
  
• At this stage of the market cycle, most altcoins are oversold, we can spot bullish divergence on the MACD almost always, this too can lead to massive growth.
  
  
• The bullish divergence on the RSI is less common, so having this signal as well gives further strength to the other signals.
  
  
• The RSI is now on the bullish side (above 50).
  

You can find all of the Fib. targets on the chart.

The low hit on the 9-Aug. can be your stop-loss.

Do you think that CyberMiles (CMTBTC) will continue growing?
We believe so... But as the charts are always changing and can change, we plan for every possible scenario before we buy any coin.

Namaste.