Not looking good for CXO - On the daily chart, a double top has formed with a measured move down to 82c on the cards. Zooming out on the weekly log chart, another double top is forming with a measured move to 40c.
CXO looks to be forming a running flat in the short term. C-wave is incomplete so a little patience is required before considering an entry. Any move to the golden zone will need to be scrutinized. The 92c and 89c level represent sturdy resistance and support zones. Could also possibly become an expanding flat in the future. A tight stop loss here (5 to 7%) is...
Moved from a running flat to an expanding flat . Spot lithium prices have fallen 34% in the month of March, highlighting a slowdown in demand caused by contractionary monetary policy. The spillover effect onto major banks indicate a stronger possibility of further downside which may lead to a recession during summer (US). Downside is clearly linked with a number...
Weekly Bull Flag breakout Measured move lines up with the 100 fib ext + psychological level of $2
core lithium has broke the trend line in white and with a lot of news out this can go big
Hello, CargoX ( KUCOIN:CXOBTC / KUCOIN:CXOETH ) is still right on track for the mandatory launch of the Egypt ACI System. The candles have finally deviated from the blue arrow predictions. This is an update from my last post on the 2nd of June: Hello, Even with recent price movements of Bitcoin and Ethereum , CargoX ( (CXOBTC*BTCUSDT+CXOETH*ETHUSDT)/2 )...
Hello, Even with recent price movements of Bitcoin and Ethereum, CargoX ( (CXOBTC*BTCUSDT+CXOETH*ETHUSDT)/2 ) has been able to keep the price stable / rising. After some analysis I figured the best way to look at its price was via USD as the coin will be bought by business for a set price in dollars. Egyptian government announcement about CargoX and ACI...
CargoX is the first digital Shipping documentation in the blockchain. With such a low market cap now around $53.9 Million at the moment with X10+ potential. CARGOX has signed an agreement with Egypt which has significant trade movement through Suez canal. The agreement will be enforced by 1st July. All cargo ships will be required to buy CXO coin keeping 30% and...
CargoX (CXO) is so strong that we have to start with the weekly chart... Here prices are already trading above EMA100 which is a huge development, this pair is entering 'bull-run' space. About CargoX (CXO) CargoX aims to allow anyone to send digital documents to anyone in the world within seconds. CargoX describes itself as an independent blockchain courier...
Basically I can see CXO goes to 100 with anticipation to the q3 results, Strong resistance at 71-73 and therefore our stop will be at 71. It isn't the best risk-reward entring point but I will look closely on every drop for sizing up my position. Yellow area - still buying opportunity The RSI shows overbought so be patient,
The price is hitting 2016 low to our demand zone watch for pullback
CXO is approaching our first resistance at 125.72 (horizontal overlap resistance, 100% fibonacci extension, 50% fibonacci retracement) where a strong drop might occur below this level pushing price down to our major support (50% fiboancci retracement). Stochastic (89,5,3) is also approaching resistance where we might see a corresponding drop in price.
CXO is approaching our first resistance at 125.72 (horizontal overlap resistance, 100% Fiboancci extension, 50% Fibonacci retracement) where a strong drop might occur below this level to our support at 109.68 (50% Fibonacci retracement). Stochastic (89,5,3) is also approaching resistance where we might see a corresponding drop in price.
CXO is approaching our first resistance at 125.72 (horizontal overlap resistance, 100% Fibonacci extension, 50% Fibonacci retracement) where a strong drop might occur below this level pushing price down to our major support at 109.68 (50% Fibonacci retracement). Stochastic (34,5,3) is also approaching resistance where we might see a corresponding drop in price.
Let us try my hand in stocks using Forex-learned price action movement. Possible double top, currently trading as simply a resistance retest with a hint of broken support trendline. Price seems to have touched the resistance at 147.55 area, but just in case, the sell signal for this is the breaking of that support trendline.