#CMT update: showing RSI Divergence after C&H tp. #crypto

29 May 2018

#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.

30 May 2018

Not

#CMT is down 14.85% currently, 23.6fib level is providing support around 4900 region.
Expected to move to 4.1k sats region today.

8 Haz 2018

Not

#CMT update: 35% drop since Rsi divergence was spotted , after the Cup&Handle tp
A 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.