​​#Analysis
#CMT

CMTBTC 5 impulse waves and consolidation

After a long hold caused by market instability we found a nice opportunity of short mid term trade

At the mid term 4 hour timeframe we can see formed 5 Elliott waves which is followed by three consolidation corrective waves

From a technical side: Awesome Oscillator, Momentum (10), MACD (12, 26) and SMA&EMA are in buy state. Ichimoku clouds zone acts like a support. Stoch RSI goes to an oversold zone.

We recommend CMT for a short term trade and suggest the buy zone between 0.00000765 and 0.00000785

Targets are:
0.00000808
0.00000868

Stop loss:
0.00000692