Breaking: $PIKACH Set for a Comeback Built on the Ethereum blockchain, while simply paying homage to an adorable creature we all love and parody- the Pokémon or its creation Pikachu, $PIKACH is set to soar amidst a bounced from the 38.2% Fibonacci retracement that is presently acting as a support point.
A breakout above the 1-month high could catalyse a bullish move with 30% gains in sight.
With the Relative Strength Index (RSI) at 56 this metric validates the bullish thesis on $PIKACH.
Pikaboss Price Live Data
The live Pikaboss price today is $5.40e-8 USD with a 24-hour trading volume of $24,671.20 USD. Pikaboss is down 2.77% in the last 24 hours, with a live market cap of $22,726,087 USD. It has a circulating supply of 420,690,000,000,000 PIKA coins and a max. supply of 420,690,000,000,000 PIKA coins.
Pokemongo
Nintendo can go higher upon Pokemon go crazeI suspect that the mobile game will be very successful especially in Asia. It is very successful now in US, Australia and New Zealand. It seems that the game craze will last according to my presumption up to 1 month. There could be some extra positive movements.
Nintendo: Interesting long setupI think we have a nice opportunity in Nintendo, specially if we opt for going long the yen denominated stock, since we'd gain exposure to the Yen, which I see as a good idea in any portfolio. The OTC market stock is poised to rally as well, to the order of 95% or so, with 20% downside risk in it based on the monthly setup on chart. If trading the TSE stock, you have a nice monthly long setup with 18% downside risk. There is a considerable spread when comparing Nintendo to the likes of Sony, so that might also be a good setup to check out (pair trade).
Setup #1: Go long 7974 or NTDOY, risking 20% downside, aiming for a 100% return within a year.
Setup #2: Short an 85% size position in SNE and long 100% size on NTDOY (risking 1% at 11.90% and 13.91% from entry respectively)
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Ivan Labrie
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Risk disclaimer: My analysis is provided as general market commentary and does not constitute investment advice. I will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.