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!
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Retraction and pullback. After touch in the circle area possible upside movement.
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Retraction done, up again:
Trade active
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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.
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Also if we look at the CMTBTC chart we can expect upward movement:
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.