Cryptoindex 100 analysis (CIX100)

Introduction

Cryptoindex 100 is an index of top 100 coins, obtained from a proprietary algorithm called "Zorax".

"Over 1,800 coins are put through our fixed set of filters, which provides around 500 coins as a rough output. Data is collected from cryptocurrency exchanges, news, social media, such as Twitter, GitHub, and other sources.
The collated data is used to extract over 200 factors that create a refined ranking in the index. Then, the factors are fed into the neural network, creating a final rating of coins, with the top 100 coins making up the Cryptoindex 100".

Graphic Analysis

The index is testing the resistance of 2.
In a bullish scenario, it needs to break through the diagonal white line and still move through the 200 simple and exponential moving averages.

Comment:

Same symbol from other source: