HiTech
Short

CapriCoin VS Bitcoin Showing Weakness

BITTREX:CPCBTC   CapriCoin / Bitcoin
CapriCoin found the support at 1500 satoshi and started to moving higher. Under heavy volume , price broke above the 200 Moving Average but immediately was stopped at the 38.2% Fibonacci retracement level.

Currently 12-13k satoshi area remains a key resistance as it has been rejected three consecutive times, together with the 2/1 Gann Fan trendline . CapriCoin does not have the necessary strength to rise now and therefore should correct down towards 200 Moving Average or 61.8% Fibonacci retracement level at 5885 satoshi. Only a break and close above 13k satoshi could invalidate bearish outlook.
Comment: Break above resistance will signal on uptrend, watch 13k level
Order cancelled: Its an uptrend
Comment:
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ETH Tip Jar: 0x79BB76B99114F9B33fd3E5477Eb05F2738D51
It broke
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The pattern since right before new years is showing cup and handle. The next leg should be through resistance and higher. What do you think?
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HiTech SubieDude
@SubieDude, if it breaks above then yes will go higher
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24H HIGH
1.59 0.00011790

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well, ichimoko on the daily chart looks pretty good. TS over KS, next cloud bullish, 20 and 50 MA are also bullish.. I am indecisive
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i thought it looked like it broke supportup of my triangle and could be on way up. here soon..who knows!
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HiTech jamikr
@jamikr, well it just needs to break the resistance, but now down
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