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[CMTBTC](470% PP) CyberMiles PREMIUM Trade

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CyberMiles (CMT) Overview

CyberMiles (CMT) is a next generation blockchain for smart contracts. Its Smart Business Contracts are optimized for e-commerce applications. It will provide a large library of commerce-related Smart Business Contracts, striving to make it a streamlined process to build decentralized commerce applications.

 

CyberMiles (CMTBTC) Chart Analysis

We are going to be looking at CyberMiles today. First, we look at the daily time frame, to spot early signals, and we follow with the weekly time frame for the bigger, better long term view.

I hope you entertain you for a little while and hopefully we learn something together today. Thanks a lot for reading… Let’s get started.

Here I have the daily chart for CMTBTC, take a look at it:


Source: https://www.tradingview.com/x/g4karaag/

  • CMTBTC hit a low point on the 20th December, after that, we have a noticeable increase in trading volume. You can see the big green and red bars below the main chart, these represent the volume bars.

Close up:


Source: https://www.tradingview.com/x/BgTgN8J8/

  • We have been having higher lows and now a break above EMA10 (green line) and EMA50 (magenta) can be seen.
  • CMTBTC now trading above EMA10/50, this increases its bullish potential.
  • The MACD is entering the bullish size.
  • The RSI is now sitting at 57, bullish as well.

Now let’s look at it longer term, weekly chart:


Source: https://www.tradingview.com/x/DObmqMzJ/

  • On the weekly time frame, we can see an inverted hammer candlestick after the low was hit on December.
  • This candlestick is supported by massive volume, which is indicative of an upcoming change of trend for this altcoin/token.
  • The MACD is also displaying a bullish crossover (not on this chart).

These are some of the signals that we can spot from the charts that are telling us that CMTBTC might make a bullish move soon, and for this reason, we open a trade by buying a position and waiting patiently… Let’s trade!

 

CyberMiles (CMTBTC) PREMIUM Trade

Buy-in: 0.00000695 – 0.00000730

Next support: 0.00000610

Targets:

Short term
(1) 0.00000760 -Reached
(2) 0.00000820 -Reached
(3) 0.00000957 -Reached
(4) 0.00001099
(5) 0.00001185
(6) 0.00001280

Longer term
(1) 0.00001420
(2) 0.00001640
(3) 0.00001920
(4) 0.00002230
(5) 0.00002740
(6) 0.00003240
(7) 0.00004060

Stop loss: Close weekly candle below 0.00000540.

Capital allocation: <10%.

 

AIMING FOR THE TOP

Keep walking, keep moving, keep pushing, go higher.

You can accomplish it all, until your last desire.

Keep thinking, keep working, keep visualizing more.

You dream only gets closer… your aim is always the goal.

Keep going, keep going, you can finally see it all.

Continue going higher, the winning grows inside, success is already yours.

Namaste.

If you are happy with the results of this trade, feel free to send Alan Masters a gift.