Long
CFI downtrend broken
We can see the longterm downtrend finally broken on CFI as expected at these levels, considering its market cap. Very doubtful we see lower prices in terms of BTC here honestly as there is no one truly in profit at this point to sell. CFI has strong fundamentals, especially with its partership with Ethfinex (Bitfinex new ERC20 platform) which you can read about here. blog.ethfinex.com/announcing-cofound-it-ethfinex-collaboration-75267cde1804
Very likely we make a move to what would be a resistance belt from prior consolidation as we move sideways here and consolidate ourselves. If BTC does take a turn for the worst, Cofoundit will 100% hold its USD value and start expanding BTC price wise which could spark a rally. Project has been quiet for sometime post ethfinex announcement; long term accumulators are very unlikely to be taking short term profit considering how the priority pass works. Measuring this retracement and looking for extensions, I am going to up my long term target on this to 60k
Very likely we make a move to what would be a resistance belt from prior consolidation as we move sideways here and consolidate ourselves. If BTC does take a turn for the worst, Cofoundit will 100% hold its USD value and start expanding BTC price wise which could spark a rally. Project has been quiet for sometime post ethfinex announcement; long term accumulators are very unlikely to be taking short term profit considering how the priority pass works. Measuring this retracement and looking for extensions, I am going to up my long term target on this to 60k
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