CargoX (CXO) Project Overview (Fib. Support/Resistance Mapped)

18 juin 2020

CargoX (CXO) Project Overview (Fib. Support/Resistance Mapped)

CargoX (CXO) is so strong that we have to start with the weekly chart... Here prices are already trading above EMA100 which is a huge development, this pair is entering 'bull-run' space.


About CargoX (CXO)

CargoX aims to allow anyone to send digital documents to anyone in the world within seconds. CargoX describes itself as an independent blockchain courier service that competes with the likes of DHL, Fedex, and UPS. Established in Jan 2018, the CargoX dApp uses Ethereum for transferring digital original documents. Initially focused on the global freight and supply chain documents, the company, in 2019, began expanding its BDTS (blockchain document transaction system) solution to verticals like air cargo, with a view towards providing a universal solution for document ownership transfer that is reportedly fast, safe, reliable and cost-effective. BDTS's smart contracts provide audit logs of all sent documents and can prove that the documents were genuine and not tampered with during the transfer.
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We have here the classic "Cup pattern", which we looked at recently, already breaking bullish while aiming higher.

We are looking at the weekly timeframe so the signals are much stronger here.

The trading volume is going higher.
The RSI is super strong as well as the MACD.

As long as CargoX (CXOBTC) stays above EMA100, its value can continue to increase.

We remain bullish above EMA50, always.
We only go bearish if prices break and close below the All-Time Low.

Thanks a lot for your support.

Namaste.