PCX Falling wedge and major trend looking to break bulliishHere is a Kucoin Banger for you folks,
One thing I like to remind my students in our VIP group about these Kucoin spot trades (especially the coins with low liquidity) is to layer your take profit area's. Since Kucoin doesn't allow for a stop loss and a take profit to be placed parallel to each other on a single trade, its more important to have a stop loss in place and just put alarms at your TP zones and start closing some of the trade along the way when they go off. After the price action breaks above the top green trend line you are in a lot safer of an area to set your TP's and to remove your stop loss. This way if the TP's are hit while you are sleeping you can get your pro's. If you do set up your take profits on your trade, make sure to layer them with limit sell, especially with a low liquidity coin. This should help you actually get your orders filled.
Major buy candles are coming in on this one, it seems to be in a clear wedge and bullish divergence coming in strong. Time will tell but, we also have a lot happening this month with a possible negative GDP for a second month in a row and officially starting a recession, the FED with another rate hike... likely to be .75bps and one the 13th we will have the inflation reports coming out from last month as well. Personally, I do see Bitcoin eventually decoupling from traditional markets and showing up to the party that it was made for the more and more inflation keeps getting out of hand.
Have a green week my friends!
Savvy
PCX
We may see a price explosion in PCX currency when penetrating thAfter the formation of the double bottom pattern in the PCX coin, we may see it visit higher areas
PCX is in a strong uptrend short term an channel up pattern +5%I'm trading this channel up pattern on the PCX chart.
PCX is in a strong short term up trend according to the moving averages.
RSI level is still low (not too overbought).
Macd is bullish.
PCX will explode 1000% ROI KUCOIN:PCXUSDT is currently at a very important support level. With great fundamentals in place, we will see this coin explode in price in the upcoming months.
Good luck,
Your Ganbu
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Pcx - 21 mil minable tokensWhat is PCX?
As big as the DeFi market has become, there has always been one major hurdle - that of Bitcoin. Bitcoin has the biggest market cap by far in the cryptocurrency industry, leaving a lot of potential on the table. What if it were possible to bring the recognition and community of Bitcoin to the DeFi world?
This is one of the main goals ChainX has set out to do. By researching and developing new technologies, it is aiming to realize cross-chain asset exchange and achieve Bitcoin Cross-DeFi.
What Is ChainX?
ChainX network, built on Substrate, is a cross-level inter-chain interoperable asset gateway, consisting of PCX, DEX, inter-chain and relay modules, Bitcoin Layer 2 financial platform and Polkadot second-layer relay chain. ChainX has the distinction of being the earliest launched project in the Polkadot ecosystem, too.
It is an inter-chain platform that crosses mainstream cryptocurrencies onto chains with different structures. Being built on Substrate, a framework for building upgradable and efficient blockchains, the chain is easily integrated into the Polkadot network at genesis.
The project is committed to the research and application of Bitcoin layer 2 expansion, digital asset gateway and Polkadot second-layer relay chain. Each of these systems allow ChainX to achieve its overarching goal.
The Bitcoin layer-2 expansion will allow it to promote Bitcoin’s value flow, enrich financial derivative opportunities and improve hedging tools. It is worth noting here that ChainX’s primary mission is to bring BTC into the Polkadot ecosystem and be the largest BTC layer2 financial platform.
The digital asset gateway enables the project to act as a decentralized Bitcoin trusteeship and provide inter-chain asset mirroring, allowing a wide range of cryptocurrencies that can be exchanged and traded on the same chain.
In the future, ChainX may evolve into a second-layer relay chain to the Polkadot ecosystem.
#Good moment to get in
Bidding for PCXI am working here on my perspective that best Alts to buy in a major dip (or bear market) I see are Alts that provides returns on staking or launchpads. Because eventually the more you HODL the higher the reward. And it becomes more affordable to accumulate them cheap for higher rewards.
Here comes PCX with 80% rewards and 76% staked already, and a low market cap.
Bid is placed at a major support that has been tested successfully several times.
