CMTBTC currently at strong support zone of 128-125 satoshi.
CMTBTC has broken out the red line trend resistance level and is currently at the support zone (green line).
If we hold this support level we can expect strong bounce back.
If support is broken to the downside, we can expect a retest of the red line trend or the 50 EMA line.
Stop Loss is set as shown...
-holding strong above the 50D MA and trendline support
-this keeps the bullish side in play
-but the best scenario is to break the minor resistance at 143 sat
-buying above this local resistance is a good setup
-the upside potential is up to 189-202 sat area
-stoploss is placed under 50D MA
Reclaiming ~130 sats support level (potential flip on the 12H) as volume is starting to slowly rise again..
UCTS turning green (Buy) on lower timeframes...
If continuation happens, then ~150 sats as 1st target (Matching EMA200 on the daily)
update for the first and 2nd targets, time duration aprox. 1-3 weeks
please check previous stage
original entry was 1933
no trading advice
CMT\BTC future strategies and trends
I hope we are surprised and the channels fail, if the channels are broken, more than 50% of the profit will be realized, otherwise it will follow the process predicted in the chart.
The purchase time announced in the previous charts is 133
Sales 159 - 177 - 191 respectively
The fall has also been seen on the chart.
#CMTBTC got Mainet Dpos 1/2 July and they have alot more news coming on top of that Ta look very bullish:
Price at this moment 149
Targets: 185 - 240 - 318 +
personally i dont have stoplos on this one if btc act crazy i am pulling out at 125 sat. We have a strong support around 130 Sat.