SaeedSalehinia

Carbon browser (CSIX)

Long
SaeedSalehinia Updated   
KUCOIN:CSIXUSDT   Carbon / Tether
Carbon browser claims it is faster than competitors, takes less space on your device, and provides smooth browsing. Anyway, like many new crypto projects, CSIX entered a downtrend move from the beginning. Now, it seems price is trying to break the downtrend line. Let's see what happens.
Comment:

CSIX broke the downtrend line, made a pullback, and going up.
Comment:

Nice! CSIX has been ascending slowly but surely; making impulse and correction waves one by one.
Comment:

Some Time and Price Fibo analyses were done and these are some possible targets for the end and start of impulse and correction waves. Let's see what happens.
Comment:

So, Carbon is progressing as expected. I'm still not sure if wave iii is finished or not. Anyway, we can see that wave ii ended at 0.618 Fib level, so wave iii is expected to end at 0.382 or 0.5 Fib level; don't think Carbon reach 0.618 Fib level on wave iii. Let's see what happens.
Comment:

So, CSIX's correction didn't come down as much, only to the 0.382 Fib retracement level. Clearly, there is a minor downtrend line that if broken upward, means the next upward wave, the 5th wave, has started. Let's see what happens.
Comment:

So, CSIX's correction, the 4th wave, finished, and CSIX broke the triangle pattern upward. Let's see where 5th wave end.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.