FREE CRYPTO INDEX ANALYSIS UPDATE
CIX possible 10% pullback
- Yello, ladies and gentlemen !
Yet again, our prediction came true, after CIX yesterday tested the projected resistance at 286,000. The important fact here is that daily break and close was above the resistance, implying the continuation of the uptrend in the long run.
But usually, after similar confirmations market tends to have a strong pullback. In our case, the strong support could be forming near the previous area of resistance at 257,000. Therefore, a 10% correction might be the case before the uptrend continuation.
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