FXC
Our Stock of the day / FCX LongToday we have a long set up to share:
a) The price is inside an ascending channel (purple line) and has been bouncing inside that range since APRIL.
b) Currently, we can see a corrective structure that has been formed after a bounce on the ascending channel.
c) If we zoom in on the chart, we can see a clear range (support and resistance) in which the price is on it.
d) The corrective structure we can see is completed, and we expect a bullish movement if the price reaches our Entry level.
e) Our Break Even level will be the yellow line. Stop and Take Profit are the ones explained in the chart.
f) We will take this trade using a 1% risk of our capital.
g) We will cancel the trade if the price stays below the corrective structure OR if the risk-reward ratio is less than 1.5
h) Remember: Trade safe, protect your capital, and always understand what you are doing and the risk involved.
Flexacoin (FXC) Project Overview + Chart Analysis W/ TargetsAbout Flexacoin
Flexacoin describes itself as a digital collateral token for facilitating instant cryptocurrency payments, originally developed to collateralize retail payments on the Flexa network. Flexacoin is designed to mitigate the friction between customers paying with crypto and merchants accepting fiat. Users scan a QR code at the point of sale, and the Flexa Network Protocol (FNP) trades the crypto spent for fiat which is then returned to the merchant.
Flexa returns a percentage of every processed transaction to users. Flexa’s FNP uses the ERC 20-compliant token called Flexacoin for transactions and a variety of members-only network incentives. The name “Flexa” is an abbreviation of flexibility, according to the team. Flexa requires no additional hardware at the point of sale and optimizes for seamless payment and receipt for the consumer and merchant.
Source: Coinmarketcap.com
Website: flexa.network
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Flexacion (FXCBTC) looks like a very promising project and has huge potential for growth.
Here we have the weekly chart with long-term targets, over 300% potential profits mapped.
You can zoom out to see the remaining targets.
Note: Remember that charts are always changing... It is good/wise/required to have a set strategy/plan before jumping into any altcoin trading pair.
It is also wise to diversify, be patient as it can take a long time before our targets are met.
Any pair can take 3-6 months to start moving just as it can happen in a few days.
The best strategy is to buy low around support...
Wait long and sell when everything is green and prices going up.
It is unwise to buy when things are already moving strong... Those pairs are better left alone...
When one opportunity is missed... a new one will always show up.
Namaste.
FXC LONGFXC has been in a uptrend since March, making consistent higher lows.
This uptrend can be used as a support, similar to other uptrend supports in REN and LINK.
26 sats has been a key support, if the price goes lower than this, the uptrend will be invalidated.
36/37 is a recent resistance flipped to support, let’s see if it can hold.
Targets are 46 then 54 sats, but something tells me there is a lot more to be gained…
FCX long setupFCX’s innovation outlook is trending up based on a current score of 64 out of 99, outperforming sector average. Jobs growth over the past year has decreased and insiders sentiment is positive. FCX is an Average Performer in terms of sustainability. It is most exposed to BP p.l.c. as its supplier. Over the past 4 quarters FCX beat earnings estimates 2 times and it pays dividend lower than its peers. For more analysis and articles visit our website .
UPDATE: USDCAD still has higher to go, pattern looks perfectHi guys, thank you for the support! I will have this analysis out each weekend as well as daily updates throughout the week, if you guys like what I'm doing hit the "follow" button and you will get a notification each time I post a video or chart!
Have a great day everyone!
WEEKEND REVIEW: USDCAD looks higher into 1.345Hi guys, thank you for the support! I will have this analysis out each weekend as well as daily updates throughout the week, if you guys like what I'm doing hit the "follow" button and you will get a notification each time I post a video or chart!
Have a great day everyone!
Big picture USDCAD is still in a corrective wave 4Big picture the Canadian dollar can see continued strength over the next couple of months. With an elevated crude oil price which directly impacts the currency through exports (54% of exports are petroleum related) we can see 1.16 before we turn higher.
Despite issues with Canadian Real Estate USDCAD is still a shortThere is clear and present danger in the Canadian real estate market with Toronto house prices & sales down double digits on a year over year basis. The real estate market on the West Coast has been largely unaffected to date but I suspect its a matter of when as opposed to "if". The point is, when the market drops enough the CB in Canada will have to put the fire out at the mercy of the currency.
For now, Canada exports are 54% petroleum or petroleum-related products and oil still has a little more upward price pressure before the cycle ends! For that reason I expect USDCAD to drop before a large rally possibly next year!
Long Term short on USDCADA clear reversal happened the end of 2015 with the dollar, bringing to an end the long term up trend. After a move up this high (2013 .99 - 2016 above 1.45 a natural retracement or consolidating is expected. I see both as an opportunity to take a long term (2 year) position in this buy buying puts on FXC two years out.
Technically on the monthly chart there is a clear trend line break (down) and a natural move to the bottom of the consolidation range to test the swing lows at 1.25 +/- is the clear initial target also getting us closer to those fibonacci retracement lines, though 1.20 would be a full 50% retracement. This would also put us below a 30 month moving average and that would change the overall direction to firmly down.
Technical : Double Bottom Reversal-SIGNAL-
Date : 20.3.2016
Technical : Double Bottom Reversal
Pair : USDCHF
Timeframe : H4
Trade : LONG
Entry now : 0.96917
Take profit 1 : 0.98539 (170 pips)
Take profit 2 : 1.0000 (310 pips)
Take profit 3 : OPEN
Stop loss : 0.96379 (50 pips)
Risk reward : 1:3
Regards,
FxcInvesting Team
www.fxcinvesting.com