SUMMARY
SmarCash (SMART/USD) is in an overall bullish phase in that it is patterning out the Cup & Handle formation. However, since the Cup is complete, the handle needs to be formed. The below chart shows a potential 50% retraacement of the recent rise so as to complete the handle pattern.
The MACD is curling downwards at an overbought stage. This will likely pull prices down towards a 0.5 or 0.618 Fib zone level.
The bearish harami is quite apparent. The long red candle is encompassing the prior, shorter, green price candle. This culminates well with the pattern and MACD readouts for a correction.
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i bought few months ago still sory i dodnt sell on the top so i can buy more now )
I'll be watching smartcash to see how this plays out. Cheers
Potential investors in SmartCash should know of the current SmartNode bug exploit: https://steemit.com/altcoin/@toon/beware-of-smartcash-major-smartnode-exploit-not-being-publicized-or-fixed
this pump was huge, now is time for a correction
this correction will be a bear trap. that 50% retracement should set the market up for some good gains over the next month or so. but the next few days i expect to see us head back towards 7,600.
its always fun reading your analysis post's they keep me pondering.
Though you are not an financial advisor, i must confess i learn more form you than i do from the so-called professional financial advisors.
Just keep up the good work haejin.
Hey bro what u think about Verge and their new partnership with P..nhub ?
has that been substantiated by pornhub?
es bueno saber esta información
Thx for the overview of smartcash
(wonder if haejin actually ever reads comments)
This xvg ℅100 ponhub