XC1! My Opinion! SELL!
My dear followers ,
XC1! looks like it will make a good move, and here are the details:
The asset is approaching an important pivot point 659'3
Bias - Bearish
Technical Indicators: Pivot Points High anticipates a potential price reversal.
Super trend shows a clear sell, giving a perfect indicators' convergence.
Target - 630'3
About Used Indicators:
For more efficient signals, super-trend is used in combination with other indicators like Pivot Points.
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WISH YOU ALL LUCK
XC1
Corn Mini Futures ( XC1!), H4 Potential for Bearish Momentum Title: Corn Mini Futures ( XC1!), H4 Potential for Bearish Momentum
Type: Bearish Momentum
Resistance: 699.3
Pivot: 661.20
Support: 654.20
Preferred case: On the H4 chart, price has tested the 1st resistance line at 699.3 multiple times where the 20% and 78.6% Fibonacci lines are located. Price then retraced downwards with price under the Ichimoku cloud which indicates a bearish market. Expecting price to continue bearish and head towards the pivot at 661.2 where the previous low, 100% Fibonacci line and 78.6% Fibonacci projection lines are located.
Alternative scenario: Price may go back up and close above the 1st resistance level.
Fundamentals: There are no major news.
Reloaded:🌾CORN - Some Call it 'BitCorn🌽🌮🍿No, it's not a cryptocurrency poised to double in price, it's just the price of CORN (yes, the one we eat).
You can make Fajitas and Tacos with it🌮, use it as a topping on your pizza or eat it on the cob 🌽, you can even go ''pop'' in the cinema🍿. Also your cornflakes Tony🐯, yes!
Over resistance, tested it as support and not gonna stop until it approaches the 800 levels this year.
the FXPROFESSOR 🌾
🍿 ''Bit''CORN keeps FLYING!🌽🌮🌾We knew we could have the rewards of a ''cryptocurrency trade'' with aq traditional, soft commodity and we knew that was Corn.
Further to our previous idea the chart was agreeing with the statement and we are now half way through to the 918 target.
So, allow me to call it ''BitCorn''
ps. Fun fact :
''Corn has proven itself to be one of the most effective alternative energy sources, placing it in the ranks of coal, gas, wood, etc. Corn is an excellent energy source because the corn cob is very dense and slow burning.
Is corn an efficient energy source?
Corn ethanol seems like a renewable energy source — a source that cannot run out — because corn can be planted again and again, and the energy in corn comes from the sun, not a limited supply of coal or oil in the ground. ... Most of this energy currently comes from fossil fuels like coal, oil and natural gas''.
the FXPROFESSOR
🌾CORN - Some Call it 'BitCorn🌽🌮🍿No, it's not a cryptocurrency poised to double in price, it's just the price of CORN (yes, the one we eat).
You can make Fajitas and Tacos with it🌮, use it as a topping on your pizza or omelets or eat it on the cob 🌽, you can even go ''pop'' in the cinema🍿
Over resistance, tested it as support and not gonna stop until it hits 900 this year.
the FXPROFESSOR 🌾
ps. if you like futures check our cotton ideas