Hello guy welcome to this quick altcoin setup. Previous signals that I have given yesterday was NKN. It broke out and holding strongly the 300 level it will rally soon. In this chart we will discuss about CMT.
BTC Dominance is falling and it is an opportunity to position yourself in the right altcoins and book profits. I chose CMT as It looks very bullish as per the chart. Bull Flag Breakout Very strong volumes+ Big buys have been monitored by bots in the recent days. MACD RSI all are bullish BB touched th lower support and bounced right away.
ENTRY: Current Market price
According to the chart and looking at the previous resistance levels Possible TARGETS are :
184 190 225 244
Fundamental Analysis: Maine Dpos launch on June 30 E commerce App June 30 Virtual Machine Upgrades June 30.
Many news and upgrades in September too. If you plan to trade for the short term It’s fine. Still you can expect 40%+.
If you want to hold till the end of this year, we have the Biggest NEWS, which is Stacking Reward on Dec 31. Just like Zilika Pumped as high as 500% AFTER THE STACKING News I am quite sure it will pump the same way.
I am holding this for the long term will sell some bag on or before JUNE 30 as most of the news are on June 30. I will update if there is any changes in plan.
Please hit the like button if you like this idea and share your views in the comment section.
Please look at CMT Twitter page. The main net June 30th is from 2019 and coin market cal had the error of listing it as upcoming June 30th 2020. Not sure why people don't DYOR on this. Regardless, a bullish setup.
Sorry for the possible dumb question, but what is stacking?
aaron2nj
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@notredamedude3, He meant to say "Staking"
Where Staking is the process of holding funds in a cryptocurrency wallet to support the operations of a blockchain network. Essentially, it consists of locking cryptocurrencies to receive rewards.
notredamedude3
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@aaron2nj, Haha no worries! I thought staking might have been what you meant but just wanted to make sure in case 'stacking' was some kind of new protocol or strategy or something I hadn't heard of. Thanks for the response!