CyberMiles ( CMTBTC ) Chart Analysis by Alan Masters
- First we can see a broken downtrend line, in red. Each time this happens we get a move to the upside... So that's our first signal.
- coming to a halt on the drop ... Bears lose momentum, break above EMA10 followed by big green candle and above-average .
- At this stage of the market cycle, most altcoins are oversold, we can spot on the almost always, this too can lead to massive growth.
- The on the is less common, so having this signal as well gives further strength to the other signals.
- The is now on the side (above 50).
You can find all of the Fib. targets on the chart.
The low hit on the 9-Aug. can be your stop-loss.
Do you think that CyberMiles ( CMTBTC ) will continue growing?
We believe so... But as the charts are always changing and can change, we plan for every possible scenario before we buy any coin.