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GXC

China ETF GXC - the music ain't overRecently, 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 and held above this in a range. The weekly chart has a rather unique candlestick pattern, where a long tailed hammer body is engulfed by a down candle. This is ominously bearish. The Daily chart is no better, with a failed breakout, and a gamp down to follow through, ending the week at support with ailing technicals. A revisit to the last low is due... More downside incoming!
AMEX:GXC
by Auguraltrader
2
GXChain GXC GXS spike in volume 🤔 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 conservative exit is set at 4444 sats. If you're onboard, please share your point of view.
GLong
by eBlockChain
GXC/BTC Accumulation channel 60.66%. Price management.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 controlled uptrend develops, the sum is multiplied several times. But this is ideal. Not everything is always so smooth. The accumulation channel is almost 365 days old. It can also be seen that the channel clearly works by zones. All values ​​of the levels are indicated by the price. The potential price reversal zone is shown on the chart. Here I have shown a chart and symbolism for the work that will possibly develop on a global scale if the price leaves the accumulation channel. Fundamental. As far as I remember the developers from some Chinese university, perhaps this is just a legend. It is not possible to check reality, as on the Internet any proof of reality can be done if desired. Although the crowd always believes in any nonsense. The ideal entrance is: 1) From the bottom of the channel of accumulation in the stop zone before the destruction 14. Or the so-called zone 10% (money zone 16). 2) Already from the resistance of the channel on a breakout or pullback after a breakout. In the trend turning zone 21. Project legend for hamsters. GXChain is a fundamental blockchain for the global data economy designed to create a reliable Internet of value. Leveraging Graphene's core DPoS architecture, GXChain has features including G-ID, GVM, BaaS, and Blockcity that are convenient for application development. GXChain powered DApp-Blockcity reportedly has over two million verified users and provides data to other DApps and strategic partners. GXChain has launched a decentralized data marketplace and serves hundreds of Chinese businesses. The GXChain team independently developed their core network and launched in June 2017. GXChain currently claims there are 2 million verified users in the DApp ecosystem. Such is their legend of visibility of work. The accumulation chart of the 👉GXC coin is very similar (volatility) to the chart of the MTL coin. Compare yourself. Here is a trading idea for this MTL coin. MTL / BTC Channel + local trending. 9 months - 5 pumps from + 50-220% MTL at the moment is inversely proportional to GXC near the bottom of the channel. GXC, on the contrary, is near the channel resistance. Here are two pairs that go asynchronously to each other (I have a learning / working idea about this). On these two pairs, you can work simultaneously on the principle of a local pump-dump inversely proportional to each other. Within this idea, I have combined many teaching / real trading ideas. Maybe someone will be useful. 2216 I show trading training only on a live chart + real work without success stories in trading on the old chart. Read, understand, experiment, gain experience, there is still time before crypto-harvesting of hamsters). There must be a strategy and a plan. At the same time, your strategy and plan should be flexible from market situations.
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by SpartaBTC
GXCBTC upgrade top or bottom repeat?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 - 7000 Target 2 - 8000 “Stop and buy zone ” I decided for myself and I marked them with a rectangle
GLong
by UnknownUnicorn3367758
GXChain Price Analysis GXC / BTC: Baiting The BullsFundamental 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 yet, this may race additional interest to the project from the speculators. GXChain / BTC Short-term price analysis GXChain has a bullish short-term bias against Bitcoin, with the cryptocurrency recovering back above its 200-period moving average on the four-hour time frame. The four-hour time frame shows that the GXC / BTC pair is forming a bullish inverted head and shoulders pattern, which could prompt a huge upside rally. Technical indicators on the four-hour have turned bullish and continue to issue a strong buy signal. Pattern Watch Traders should note that the June 22nd swing-high is the overall upside target of the bullish inverted head and shoulders pattern. Relative Strength Index The RSI indicator is bullish on the four-hour time frame, although it is correcting from overbought territory. MACD Indicator The MACD indicator is bullish on the four-hour time frame and continues to generate a buy signal. GXChain / USD Medium-term price analysis GXChain has a neutral medium-term outlook against Bitcoin, with the GXC / BTC pair testing towards its key 200-day moving average. The daily time frame is showing that a large head and shoulders pattern is forming, with the GXC / BTC pair recovering from the neckline of the bearish pattern. Technical indicators on the daily frame have turned bullish and continue to issue strong buy signals. GXC / BTC Daily Chart by TradingView Pattern Watch Traders should note that a complex head and shoulders pattern may be forming on the daily time frame. Relative Strength Index The RSI indicator is rising on the daily time frame and shows scope for further upside. MACD Indicator The MACD indicator is turning bullish on the daily time frame and is issuing a strong buy signal. Conclusion GXChain is on the move against Bitcoin, with the four-hour time frame highlighting that a major bullish breakout in the GXC / BTC pair is on the horizon. The GXC / BTC pair’s medium-term bias may also be about to shift, although the daily time frame is showing that any moves higher may just be corrective in nature.
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by CryptoBriefingTA
1
GXChain (GXS) Will Up 300% ? 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) - GXC All Time High (ATH) was $11.24 USD on Jan 07, 2018 - Max Supply is 100,000,000 GXC Thanks a lot for reading :)
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by deSteyns
10
Shanghai Slowdown - $FXI $GXC $CHIX $AUDUSD $DXYThe 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 score approaching 3. Price moving through 2.5 sigmas. Subscribers got a good picture above global equity volume + #yuan picture last week.#China $FXI $USDCNY." Additionally, China's woes aren't in the rearview. The data continues to be less than optimal, and yesterday's lending data showed a sharp deceleration from January's record nominal level in lending. Expect a 50% Fib. retract in the Shanghai Comp. to 2791. Visit the free Macro Strategist blog for additional charts: themacrostrat.com
SShort
by TheMacroStrategist