Market analysis
CIX wide range trading is not over yet❗️
- Yello, ladies and gentlemen😎!
💎One of our expected CIX scenarios came true, and we already witnessed a 17.43% correction. What is important is that CIX has approached the 61.8% Fibonacci retracement level along with the simple uptrend trendline. Therefore, the 242.000 area can become strong support, but we need a few more days to see whether this area will be defended by the bulls.
💎It is important to note, that CIX is now trading within a wide price range, between 200,000 support and 280,000 resistance. Yet, CIX is producing higher highs and higher lows, validating a long-term uptrend.
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Crypto trading involves substantial risk and is not suitable for everyone. Nothing here is financial advice; it is education only. Never risk more than you can afford to lose.
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