Long

CMTUSD, Cibermiles break-out soon!

By tradingtomnl
Updated
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!
Comment
Retraction and pullback. After touch in the circle area possible upside movement.
snapshot
Comment
Retraction done, up again:
snapshot
Trade active
Comment
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
Comment
Also if we look at the CMTBTC chart we can expect upward movement:
snapshot
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