CMT broke above 50DMA resistance level on 10 April and surged +420% in 50 days, since then it has been in a correction phasse.
CMT spiked 19% in one day after hitting the expected support region, bouncing off the cloud region.
It is currently trading below the 50DMA support and 50fib levels
RSI is showing divergence while the Stoch rsi is showing oversold levels in 1D time-frame.
Weekly 10MA is at 3128
If CMT breaks below 2985 level then the next major support for CMT is the 61.8fib level: 2800 then the 100DMA: 2432 and 78.6fib: 2000.
CMT spiked 19% in one day after hitting the expected support region, bouncing off the cloud region.
It is currently trading below the 50DMA support and 50fib levels
RSI is showing divergence while the Stoch rsi is showing oversold levels in 1D time-frame.
Weekly 10MA is at 3128
If CMT breaks below 2985 level then the next major support for CMT is the 61.8fib level: 2800 then the 100DMA: 2432 and 78.6fib: 2000.