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QIWI

Buying to own QIWI on the pullbackBeing interested in crypto, QIWI is one I have been looking at. They have had several crypto related stories surrounding them, such as applying to trademark "bitruble" www.coindesk.com forklog.net QIWI also launched it's own subsidiary "QIWI Blockchain Technologies", and acquired InspiRussia. financefeeds.com InspiRussia also hosted a blockchain and IT event, which further shows QIWI's interest in blockchain. financefeeds.com And the QIWI CEO has reportedly made a big bet on the Telegram ICO (GRAM)... which may or may not be a scam. Telegram user base is in the hundreds of millions, though they do not have a profitable model. So the "Uber strategy" is a concern here. Finally, a few words on the chart. This morning, QIWI was well above the bollinger bands AND at the top of a very relevant, long-term channel. This was a very logical resistance area, and I even bought a few puts on QIWI here.... But my intention is to consider buying QIWI to own, and will look to buy the pullback. Thought I'd bring this company to light if you wanted to do your own research on it. I'd really like to pick some up around the 100 SMA. (which are relatively the same area on both the weekly and daily charts) About doing research, I published WARNING: Cryptocurrency Mine Field this morning. If you want to check it out to see a few scams and frauds facing the crypto market right now. procinctu.info -Travis God Bless JMJ - UIOGD
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by Procinctu
0.685 support zone - Cup and HandleNZDUSD was rejected by the Fast MA line last week and it is heading towards 0.685-0.69 (nearest weekly support zone). Cup and Handle is being formed on the daily chart. A breakdown of 0.685 can lead to a bearish move towards 0.67. Bulls should focus on finding bullish reversal patterns between 0.685 and 0.69 - Pullback towards 0.7 is an option. You can read more about this setup (including longer term analysis) and about more trading ideas in my weekly newsletter- #WeeklyMarketsAnalysis on Twittr
by themarketzone
If NZDUSD will overcome 0.73, next resistance zone is 0.74NZDUSD is struggling with weekly resistance zone right now - 0.73 is the top of the current zone. If NZDUSD will manage to overcome this price zone, next resistance zone is near 0.74 and it includes completion of a bearish Butterfly pattern and also a daily structure zone that was active during the first half of 2015. NZDUSD recently broke out of a daily downtrend line so the longer term view now turned to bullish - that is why 0.74 can lead to a short term pullback towards the new uptrend line - 0.73, 0.71 and 0.7 are potential target levels for this bearish harmonic setup. Tomer Jakov, The MarketZone To subscribe to the my weekly newsletters - goo.gl
Short
by themarketzone
This Sell Zone may be interesting towards RBNZ rate decision$NZDUSD exploded higher as the rest of the Majors due to the Dollar's weakness last Friday. Now it is reaching an interesting resistance zone - One that has generated nice bearish moves in recent weeks. Broken uptrend line - Now should act as resistance Psychological level and daily structure zone PRZ of Harmonic patterns. Interesting potential Sell Zone towards RBNZ rate decision - especially when rate cut is expected. Look for intraday reversal signs inside the 0.7 resistance zone. Stop loss should be at least above 0.705 (recognize reversal first) Tomer Jakov, The MarketZone This analysis is part of the Weekly Markets Analysis newsletters To read more interesting technical reviews for the week - goo.gl To subscribe to the newsletters - goo.gl
Short
by themarketzone