The GXC Weekly chart is about ready to break out and take off... just did a best case projection. This is on the back that the Evergrande saga endgame is delayed, which I think would likely be so... into 2022. Watch the next two weeks or so, needs to break out of trend line/channel and clear the gap resistance area.
4Year Trend RES Crossing UP Start 1Week Target #1 3264 Satoshi Target #2 6164 Satoshi
The GDX was in close watch and it is time... Technicals are favourable for a bull run, and so is the broad equity market. Also had broken out of the Buy Zone! GXC the China ETF is just about ripe based on technicals. Similarly, broad equity market drift should hold in supportm and the immediate gap should be closed for a run up.
Although I had expectations for China (funds) previously, I still have good expectations. BUT something fundamentally has been changing, and it is still pushing downwards in consolidation. IF at all, the Evergrande debacle appears to be a spark in the trigger. Looks like Lehman 2.0 for thsoe who still remember... Looks more bearish than bullish to me IMHO......
Of late, Chinese stocks had been bashed and a downside target was set as a Buy Zone. The thing is, the GXC nicely bounced twice by huge gaps (see the orange rectangle), and appears to be clocking two lower lows. Of interest is the current lower low to be... said so as a gap up marubozu is typically bullish, but was transformed into a bearish harami. This happened...
These two ETFs are of some interest as they have been beaten down rather hard of late. More downside risk prevail, but just markign out the potential buy zones to look out for over the next few weeks. Let us see how this pans out...
Recently, the China market had dived on regulatory action over the past couple of weeks. It hit a low point way out of range, and then bounced back technically. And the past week saw a range bound attempt to break out. This attempt failed to extend the rally higher out of the range, but instead fell down to the range support. In the process, it left a gap support ...
GXChain has been a long time sleeper. But there's unusual spike in volume on the weekly that is higher than any trading volume in the past months. I am gong long on this due to its fundamentals, big investors already on board and the spike on volume. It could be an early ride as the price broke out on the daily 50D EMA two weeks back. My entry is at 2525 sats My...
i don't know much about this one but looks like a solid project and supported on many good exchanges...buy!
Great set up here. some green volume spikes. looking for 5 then 7. $GXC
Chinese cryptocurrency. These trading instruments are well suited for accumulating large positions, especially since the Chinese have made an accumulation channel step as much as 60% (60.66). The hamster's dream to increase the amount of the deposit to XXL is done even before leaving the accumulation channel. Then, when the trend reverses and a new upward...
Looks dangerous... breakdown below 3350 is spelling trouble in uppercase. MACD is not committed but has downside bias. Watch 3350 and then 3300 levels.
Hi everyone, are we leaving the correction area and shooting high? or falls and repeats the bottom In my opinion, the GXC is in a global uptrend. I will not give a forecast for the year ahead. However, 100,500 events may occur. But I will say that now we are at an important level from which we can reach a new peak this year or fall and repeat the bottom. Target...
Fundamental Analysis GXChain has gained bullish momentum after the company announced a 2 Million GXC Incentives for the Construction of the “Gravity Network” which should increase the adoption of the network and bring additional users to the ecosystem. The project also is currently conducting a buy-back program. While 40% of its buy-back fund has not been used...
items not correlated to earlier Recovery from 2019 May Market Dip: PLNUSD, EURO STOXX, EURUSD, DXY, JPYUSD, GLD, USO
Why i'm expected GXC will up 300% ? that is the reason : According to TA :- - forming Symmetrical triangle pattern - My indicator detected big whales accumulation (maybe insider or something like that...you know) - forming a new strong support According to FA :- - GXChain's News & Event (Launched the Plan of More than 5 Million USD Secondary Market Buy-back) -...
The Shanghai Composite snagged for a 4.4 percent drop following more than a 20 percent rally this year. However, the fall may just be the beginning after it we showed that the price was hitting mathematical limitations on top of broadening volume issues. "Funny money leading Shanghai Comp higher. We see how this ends. Weekly z-score 2.23. Intermediate TACVOL...