BIDU Price TargetPrice target for BIDU is $147.
All the Chinese stocks are primed for a strong recovery after China`s top administrative authority said it would work to stabilize the stock market and boost economic growth!
Traders are expecting the Chinese government would support the stock market like the FED did in the US.
BIDUSD
Chance to get in on BidaoIf you're looking for a good point of entry for Bidao this is in my opinion a good zone to buy.
Timings on the chart could vary a lot, they are just key areas based on previous price movement and volumes.
Not investment advice just interested in your thoughts. Let me know what you think.
BIDU Baidu Fibonacci Retracement target: $195China-based tech giant may receive increased oversight from Chinese regulators, in addition to threats from the U.S. about potential delistings of foreign stocks.
The U.S. Securities and Exchange Commission (SEC) has threatened to kick foreign companies off of U.S. exchanges if they don't adhere to U.S. auditing practices. (fool.com)
Fib 0.618 perfect touch: $195
If you are interested to test some amazing BUY and SELL INDICATORS which give the signal at the beginning of the candle, not at the end of it, just leave me a message.
#BidaoUSD Could Double From This Inverse Head and Shoulders!What is Inverse Head And Shoulders?
An inverse head and shoulders, also called a "head and shoulders bottom", is similar to the standard head and shoulders pattern, but inverted: with the head and shoulders top used to predict reversals in downtrends. This pattern is identified when the price action of a security meets the following characteristics: the price falls to a trough and then rises; the price falls below the former trough and then rises again; finally, the price falls again but not as far as the second trough. Once the final trough is made, the price heads upward, toward the resistance found near the top of the previous troughs.
What Does an Inverse Head And Shoulders Tell You?
Investors typically enter into a long position when the price rises above the resistance of the neckline. The first and third trough are considered shoulders and the second peak forms the head. A move above the resistance, also known as the neckline, is used as a signal of a sharp move higher. Many traders watch for a large spike in volume to confirm the validity of the breakout. This pattern is the opposite of the popular head and shoulders pattern but is used to predict shifts in a downtrend rather than an uptrend.
Source: www.investopedia.com
What is Bidao?
BiDao is a new blockchain system that creates a trustless stablecoin and a new decentralized financial tool that allows leveraged trading in a trustless setup... In the beginning, BiDao will be completely integrated with the Binance Blockchain and BNB will be used as the collateral.
After Bidao's ICO, The coin quickly 5xed, but since has come back down to 1 Cent Level
Inverse Head and Shoulders Could Bring Prices Back Over 2 Cents
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