LGHL trade ideas
$LGHL Wedge, Straight up, Straight downId really like to see price action break above 1.75 for a confirmation, but it does seem we have bottomed out here on the daily already at 1.13.
We are off the bottom a bit, but still have a real nice R:R. We could always come back down to backtest this last rescandle close resistance at 1.36.
Looking at historical price action on this asset, everytime we make support out of 1.75, we end up at 5.20, fast. Straight up, straight down.
Considering the context of this wedge forming, we could see a retest of that 8.93 candle close again, up near the 1.618.
LGHL Long term playLGHL is a crypto currency group from asia that recently agreed to develop blockchain exclusively in Dubai, one of the richest countries in the world. Still in their early stages, they have shown a great amount of volatility, and look to be in an accumulation phase, buying in at low prices and testing the market before their next major push to 5 (?) dollars. also could be completely wrong as I just started doing this a few days ago :)
LGHL Trend ReversalStill a beginner at reading charts. Was looking through a scanner for reddit stock rankings, and found this ticker with a score under 300 (referenced by someone who says this score range is more likely to profit than a higher rank.. Possibly at a strong support at the moment, so it can bounce up or trade sideways (since CCI indicator hasn't passed +50 threshold). In exception for the CCI indicator, the MACD and RSI has both signaled a reversal. The consolidation of the price action at this possible support is pretty good evidence that we'll be seeing a bounce. My safe entry point should be 2.6 to confirm a higher valuation. The ride should be a few days. Planning exit mid $3s.
LGHL IDEA THIS IS MY TAKE ON LGHL
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*PLEASE DO NOT LISTEN TO ME ON THIS AS I AM TESTING WATERS WITH USING THE STRATEGIES THAT I HAVE LEARNED OVER THE PAST FEW MONTHS AND WOULD LIKE TO SEE HOW THIS PLAYS COMPARED TO MY FINDINGS AND SPECULATIONS.*
IF ALL YOU HAVE TO OFFER ON THIS IS HATE KEEP MOVING! IF YOU ARE WILLING TO EXPLAIN AND SHARE YOUR PERSONAL THOUGHTS ON WHAT I COULD DO TO BE BETTER I AM ALL EARS CONSTRUCTIVE CRITICISM GOES FURTHER THEN BASHING AND HATE!
Thanks, RG
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$LGHL to set up US$800 million blockchain fundLion Signs Strategic Cooperation Agreement
Today announced it entered into a binding strategic cooperation framework agreement with Mr. Yao Yongjie, a leader in the global blockchain industry and the chairman of the board of directors of a public listed company on the Hong Kong Stock Exchange, Grandshores Technology Group Limited.
According to the agreement, the Company and Mr. Yao will each use their respective capital, platform and resources to jointly set up a fund of not more than US$800 million to jointly promote the development and the industry environment of blockchain technology, and actively promote the product innovation in the digital currency field, allowing clients to participate in the digital currency market more conveniently. The fund will invest, without limitation, in mine construction, mining and its upstream and downstream industries of digital currencies such as Bitcoin and Ethereum.
finance.yahoo.com
Lion Announces Official Launch of Total Return Swap TRS ServiceLion Announces Official Launch of Total Return Swap (TRS) Service
(TRS) service that offers A-shares (shares that are denominated in Renminbi and traded on the Shanghai Stock Exchange and Shenzhen Stock Exchange) and Hong Kong stock basket-linked TRS.
This new service will help more international investors invest in the Chinese stock market.
Lion has entered into ISDA master agreements and related supplementary agreements with CICC and Guotai Junan Securities, two of the top five swap traders in China, in order to offer its TRS service
www.prnewswire.com
