CryptoCubic
Long

CapriCoin 333% Growth Opportunity

BITTREX:CPCUSD   None
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.

thanks
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