Nothing Here Is Financial Advice
Please drop me a like for my efforts and/or comments for suggestions.
This could be a prime time to be a CPC investor... The falling wedge breakout compounded with an IH&S pattern with this possible bullish pennant as a right shoulder. Not to mention the 200 MA is flirting with price line. If we break out of of this zone to the upside then there could be some good gains ahead. To the down side it could be ugly! Keep in mind this coin has fallen close to 40000% since it was introduced back in the beginning of the bear market 2018. A rebound from here could make you a millionaire!?
MACD fresh crossover from below on the 0 line = bullish
RSI is 56 = bullish
ADX and MACD are both heading upward this is called a confirming pattern which presents traders the opportunity to enter a long. The strongest confirming pattern occurs when the ADX begins to rise and the MACD rises above the 0 line and its trigger line. This is exactly what I see here!
Was also recently listed on Bittrex.
For a safe entry I would suggest placing a long just above that pennant. Remember to trade with a stop loss!
Cyber Physical Chain (CPC) or CPChain's distributed infrastructure aims provide a full process solution for data acquisition, storage, sharing and transacting for large-scale distributed IoT systems. Their claim is that their technology has the potential to revolutionize multiple industries including intelligent transportation, smart medical, public security, and intelligent manufacturing, etc.
The also have a node and what they call the RNode to support the network and receive rewards. Although, at these prices reward are quite low. But that could change soon...
There is some serious R&D behind this one! Not to mention many patents!
Good Luck!
Please drop me a like for my efforts and/or comments for suggestions.
This could be a prime time to be a CPC investor... The falling wedge breakout compounded with an IH&S pattern with this possible bullish pennant as a right shoulder. Not to mention the 200 MA is flirting with price line. If we break out of of this zone to the upside then there could be some good gains ahead. To the down side it could be ugly! Keep in mind this coin has fallen close to 40000% since it was introduced back in the beginning of the bear market 2018. A rebound from here could make you a millionaire!?
MACD fresh crossover from below on the 0 line = bullish
RSI is 56 = bullish
ADX and MACD are both heading upward this is called a confirming pattern which presents traders the opportunity to enter a long. The strongest confirming pattern occurs when the ADX begins to rise and the MACD rises above the 0 line and its trigger line. This is exactly what I see here!
Was also recently listed on Bittrex.
For a safe entry I would suggest placing a long just above that pennant. Remember to trade with a stop loss!
Cyber Physical Chain (CPC) or CPChain's distributed infrastructure aims provide a full process solution for data acquisition, storage, sharing and transacting for large-scale distributed IoT systems. Their claim is that their technology has the potential to revolutionize multiple industries including intelligent transportation, smart medical, public security, and intelligent manufacturing, etc.
The also have a node and what they call the RNode to support the network and receive rewards. Although, at these prices reward are quite low. But that could change soon...
There is some serious R&D behind this one! Not to mention many patents!
Good Luck!
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One thing about the pennant I'm concerned about is how the volume is structured. The breakout should have lots of volume on the flag pole and consolidate with price downward. Here its the opposite...
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CORRECTION ON LAST COMMENT! Here in the 4 Hr i found the breakout with nice volume structure.
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What has me thinking this is a bullish pennant is the fact that there is more green buy volume than red!
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Not to mention the fact that we broke out of the wedge with the flag pole and the body of the pennant.
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This picture is from the 3 day chart. Here I removed the EMS's and replaced it with the holy grail indicator. This was to see if I could find confluence between the two.
If you follow the green line that flows through the price line it can be highly reactive. The 1,2, and 3 day charts all have the same green crossover about to close in about 1.5 hrs as of writing. These are pretty good signs we will see some upward momentum here soon.
If you follow the green line that flows through the price line it can be highly reactive. The 1,2, and 3 day charts all have the same green crossover about to close in about 1.5 hrs as of writing. These are pretty good signs we will see some upward momentum here soon.
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Here it shows just how long its been since we have had a successful crossover on the 200 MA outside of the falling wedge. Now that we have broken out of that wedge and are ever so close to the crossover of the 200 MA.
Its been 484 days and 12 hrs. We just had 1 candle close above the 200 MA
hopefully that's the new trend! Going up?!
Its been 484 days and 12 hrs. We just had 1 candle close above the 200 MA
hopefully that's the new trend! Going up?!
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Here I threw back in the IH&S and the pennant to see how close we are to neckline and pennant breakout.
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This picture shows a cup and handle formation which is another technically bullish pattern. All of these signals lining up are making me think we just may get this reversal.
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Here is a shot in the 4 hr. We have hit the bullish pennants top trend line, and are working on building support above the neck line on the head and shoulders.
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CAUTION!
Apparently there is a ERC20 token and a main net token for this coin. Bittrex is selling the ERC20 token which seems to have higher demand. Unfortunately these coins cannot be arbitrage traded between exchanges, do to non-compatibility.
Something to be aware of and cautious! Not sure why the team would release ERC20 tokens on a new exchange listing....
Apparently there is a ERC20 token and a main net token for this coin. Bittrex is selling the ERC20 token which seems to have higher demand. Unfortunately these coins cannot be arbitrage traded between exchanges, do to non-compatibility.
Something to be aware of and cautious! Not sure why the team would release ERC20 tokens on a new exchange listing....
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Here is the new update to the idea. May make new idea. Notice possible double bottom formation here. Anyways here is a screenshot for now.
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Monthly Chart: TD sequential dropped its strongest signal! A 13 candle buy signal on the MONTHLY! READ the caption in the picture.
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It's only 1300% till the top of this larger triangle pattern never mind new ATH!
