Last week it bounced up to the averages, but it couldn’t close above $16.42. So it’s still below the averages. But at the same time, it’s still above the neckline, and in this environment it was still able to stay strong. The neckline is a critical support. For a reversal, it need a strong index and a triangle breakout
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
$CIFR
Last week it bounced up to the averages, but it couldn’t close above $16.42. So it’s still below the averages. But at the same time, it’s still above the neckline, and in this environment it was still able to stay strong. The neckline is a critical support. For a reversal, it need a strong index and a triangle breakout