CyberMiles (CMTBTC) produced a really strong bounce with high volume after hitting a new all-time low.
On the chart above we can clearly see the "massive volume" coming in, the highest since early July.
This bounce came after strong bullish divergence showed up on the MACD and RSI. Now, CMTBTC is trading above EMA10 and EMA50 and managed to hit EMA100 (blue line on the chart)... The next target is EMA200 now sitting at 0.00000403 or 75% away from the current price.
Remember that retraces (prices moving lower) are normal after any strong move to the upside.
The chart above is pretty simple... CyberMiles will now start to grow.
Thanks a lot for reading. Thanks a lot for your continued support.
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