#COTIUSDT The price is pulling back to the support area after completing the AB=CD pattern, we expect the price to move upwards from the green support area and continue its upward trend to the descending trendline. If the trendline breaks, we can set a target for higher prices.
BY Technical CRYPTO Analyst
China’s stock markets are some of the largest in the world, with total market capitalization reaching RMB 79 trillion (US$12.2 trillion) in 2020. China’s stock markets are seen as a crucial tool for driving economic growth, in particular for financing the country’s rapidly growing high-tech sectors.Although traditionally closed off to overseas investors, China’s financial markets have gradually been loosening restrictions over the past couple of decades. At the same time, reforms have sought to make it easier for Chinese companies to list on onshore stock exchanges, and new programs have been launched in attempts to lure some of China’s most coveted overseas-listed companies back to the country.
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Technical CRYPTO Analyst from hk