FREE CRYPTO INDEX ANALYSIS
CIX is 15% away from the critical resistance - Yello, ladies and gentlemen !
After CIX broke above the downtrend trendline, it formed a double bottom near 197,000. At the same time, the trendline acted as the support, and throughout this month, we can witness consistent growth.
Based on the previous price action, the key resistance has been found around 286,000, corresponding to the 38.2% Fibonacci retracement level.
We can expect CIX to continue rising towards the Fibonacci resistance, 15% away from the current price. If the bullish outlook is accurate, altcoins will feel very confident during this and next week.
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