Long
CFI approaching breakout
CFI is a phenomenal and highly professional project that has a great future ahead of it; which is validated by the partnership with Bitfinex as seen here blog.ethfinex.com/announcing-cofound-it-ethfinex-collaboration-75267cde1804 . CFI is what the blockchain space needs as they procure the necessary due diligence on all ICO's that get incubated by it.
In the short term we see price consolidating on an uptrend and now in a mini correction to shake out the impatience and fear before it begins to expand in price. If you are looking for an entry, I would be looking to place my buys in support of the 0.5-0.618 zone which would be a highly bullish sign as we approach its long established downtrend. In a big picture, we are likely to face two resistance zones as seen below. If price can rally and break ATH, I would expect huge parabolic moves since there would be no historical resistance above 12k and we would be entering price discovery mode.
In the short term we see price consolidating on an uptrend and now in a mini correction to shake out the impatience and fear before it begins to expand in price. If you are looking for an entry, I would be looking to place my buys in support of the 0.5-0.618 zone which would be a highly bullish sign as we approach its long established downtrend. In a big picture, we are likely to face two resistance zones as seen below. If price can rally and break ATH, I would expect huge parabolic moves since there would be no historical resistance above 12k and we would be entering price discovery mode.
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