An overview of the crypto index shows that it can be halvedAn overview of the crypto index shows that it can be halved
CIX
Crypto Index bottom has been formed ⁉️💎Bulls won the battle at our projected support. There were a bounce off the simple uptrend trendline and 61.8% Fibs at 242,000.
💎During the past week CIX has been consolidating between 239-257k. But today we can witness an attempt to break above the downtrend trendline.
💎If/when CIX breaks higher, ...
CIX wide range trading is not over yet❗️💎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 ...
Crypto Index correction could be over❗️💎The expected pullback is now taking place on CIX. Our scenario suggested ............
Crypto Index CIX I see hope Crypto Index, looks like it's breaking from the descending expanding wedge. Is Bull market BACK,,? or just faker,,,?
CRYPTO INDEX - We will see a pullback before the rally ⁉️💎The Crypto Index is starting to look bullish as higher lows and higher highs pattern is already in place on lower timeframes. At the same time, we can see the break above the 225,500 resistance area, which has now become the demand zone.
💎The upside breakout should invite buyers, although ..............
CIX (CRYPTO INDEX) BUYCIX (CRYPTO INDEX) BUY, It gets better with time. You begin to foresee the future, this is one of those very big opportunities to choose from.
CIX (CRYPTO INDEX CAPITAL LONG) BTC XRP ETH and morePeople love using BTCUSD and ETHUSD to chart but I personally use CIX which is a crypto index by capital.com it makes crypto markets very very easy to see trends and breakouts with, this is my current idea and why I think we could hit new all-time highs by Q1-Q2 2022.
Please leave a like and comment and let me know what you think.
Cryptoindex.com (CIX100) is in more than 100 days consolidationLooks like Cryptoindex.com 100 (CIX100) is ready for trend reversal. I am expecting 300% return after CIX100 gives breakout from more than 100 days long consolidation. It may move side ways for couple of weeks before breakout, be patient.
Cryptocurrencies are extremely volatile right now !A triangle form has been observed in the chart and it is broken downwards. The target for this pattern is its previous trough. But ,there is a support line on its way down ,so if the support line wouldn’t be strong enough to support the chart ,it will fall to the previous trough and may go further.
We warn crypto investors and traders so many times that this market is extremely volatile due to its insufficient market cap. The total market cap for cryptocurrencies is about $2,6 trillion which is absolutely nothing compare to other financial markets such as US STOCK MARKET. (the assets for a single corporation in NASDAQ such as apple worth around $2,1 trillion)
A bad news or a flawed gossip could have some crucial impacts on the market so invest your money wisely.
CRYPTO INDEX ANALYSIS!After an aggressive bullish rally the CIX needs a consolidation. We recognize that the ascending trend line is now broken and its probable that the chart will fall to its previous high which was a resistance and now becomes a support for the chart.
Meanwhile the Fibonacci 0.5 line is considered to be the next supporting force for the chart which is matched to the previous high and the RSI indicator is in the "over-sold" area. These factors combine means that the end of the bearish trend is near.
But the tweets from Elon musk and other crypto magnates should play a crucial role in this volatile time of the market!
CIX bullish with breakout level 374810.19Price breakout level 374810.19
12-day MA > 26-Day MA = bullish signal
MACD Upward trend with higher volume in last last 2 weeks
Bullish engulfing candle on April 26 signals bullish trend
Apr 26 - May 4 => price ranged 52% to the upside
Bullish signal
VIX is screaming CAUTION. The most important level is NOW32 is the most important level in the VIX in the near term. This may not be important today, but next week it most definitely will be.
Zoom out...
Zoom out again...
Just to be clear, if this level is not respected, then full steam ahead in the S&P... But it's very rare for there to be multiple fib confluence and it not being relevant. Based on the structure of the VIX, I am seeing this developing into an actionable play sometime next week. It needs to stabilize in the kill zone to build energy. If it does, that will be a major signal.
Re-newed strength in the US Dollar is giving us a hint... weakness in the Euro, and potential strength in gold.
