FREE CRYPTO INDEX ANALYSIS UPDATE
CIX is trading at the projected support
- Yello, ladies and gentlemen !
In our previous CIX analysis, we provided two scenarios of a pullback. The initial scenario, where we expected CIX to test 257,000 support, came true.
Considering that CIX is trading in the demand zone, buying pressure can start to increase once again. In the long run, this should result in a huge upside potential, where CIX should be aiming for the 342,000 resistance area.
On the other hand, if CIX breaks lower, sellers can take over, which can be quite negative for the crypto market.
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