Cofound.it downtrend seems to be still intact as price continues to produce lower lows and lower highs. After finding the recent high at 675 satoshis, CFI/BTC price fell down and broke the 50 Moving Average and the uptrend trendline suggesting the continuation of the downtrend.
Today price produced a new lower low, and while the downtrend is expected, small...
Since the beginning of the month, Cofound.it lost to Bitcoin 30%, while it moved from 675 satoshis high, down to the 470 satoshis low. When it approached the low, CFI/BTC rejected the 127.2% Fibonacci retracement level applied to the corrective wave up after the uptrend trendline breakout.
Price went up and bounced off the 590 satoshis resistance, that has...
