Capricoin continues to produce higher highs, but with every new high it returns back to the support near $0.3 area. An all-time high has been produced on 13th of January, where price hit $2.6. And once again it corrected down to $0.3 support area, but this time losing 86% to USD.
The fact is that price is rejecting the support are and at the same time the uptrend trendline, suggesting the continuation of the uptrend if the support will hold.
The price could go as high as $2.5 area, where double top could be formed, not to mention that this is 333% growth opportunity. Nevertheless, it could take time for CPC/USD to reverse, while price could range between $7 and $3 for another month. On a downside, only a weekly break and close below $0.2 could invalidate bullish outlook.
Source: Read Full Article