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Day: September 26, 2019

ELF technical analysis

September 26, 2019 Published by

ELF seen from the temporality of 1D we can see how the price during its fall has formed a long falling wedge in which the price has currently escaped from it silently with little volume, in the breaking of resistance we see a series of low volume bear candles during a side trend, the current candle is creating a bullish candle, which should be a very good signal of a close bullish movement with more volume, the weekly candle is still young, so we could not yet confirm the future direction of the price.

ELF seen from the temporality of 1D we can observe more closely the current movement of candles, the current candle is creating a bullish candle above the resistance of the accumulation range after forming a twezeer bottom with the previous candle, to close in this way, it is very possible that the price will continue bullish towards our first target located within the price range of 0.00001224 – 0.00001339, our second target is located within the price range of 0.00001605 – 0.00001954, and the third target is located within the price range of 0.00002399 – 0.00002733.

In conclusion, ELF is showing buying signal by closing above the consolidation resistance, also the RSI indicator shows bullish divergence, if it manages to close above as it is doing now, the chances of seeing a much bigger bullish movement are very high, the profit targets I mentioned earlier are indicated in the 1D chart, I recommend to be very attentive to today’s closing and the price action in 4H, always use stop loss in your trades.

As I always say, you have to be aware of the movement, invalidations can occur, there is no 100% reliable analysis, take your own precautions when trading.

You can follow me on Twitter: https://twitter.com/armijogarcia

What a huge win for them

September 26, 2019 (updated September 26, 2019) Published by

It was an interesting match for Chelsea football club as they won their opponent by seven goals to nil in the Carabao cup played yesterday at Stamford bridge. That is the greatest win Chelsea have recorded so far under the management of the former midfielder, Frank Lampard.

However, I still see no reason why they had to concede a goal. Their defense still need to be worked on. They should be able to play a clean sheet against a team like Grimsby. I believe Frank Lampard will sure do something about this defence issue that Chelsea team has been battling with right from preseason. Thanks for coming around. Till next time that I will be coming your way.

[Image Source](https://www.google.com/amp/s/www.standard.co.uk/sport/football/chelsea-vs-grimsby-town-result-catabao-cup-2019-frank-lampard-first-stamford-bridge-win-a4246706.html%3famp)

Steem Price Analysis as Requested

September 26, 2019 Published by

Been a long time since I did an analysis of the steem price chart. However, a loyal reader and fellow steemian @chrisrice put in a request and I am happy to oblige.

The More Things Change The More They Stay the Same

If you look at the top of the post you will see a zoomed out view of the daily price chart for steem. The good news is the price action and levels are rather obvious even to the naked eye once the support/resistance lines are laid out as in that chart.

So here’s the thing. We can see long-term price levels when looking at that chart. We can see how they have come into play and to be honest how all of them have been reached with the exception of the level roughly around 10 cents.

At this point, can we expect price to make a full round trip? As in go all the way back to the low it start its prior upward journey from?

Looking at this price action is sort of feels like a self-fulling prophecy.

I say this even with all the good thing going on with steem right now. I think there are some many projects and initiatives (steemleo, splinterlands, etc.) that are pro steem value. However, it takes time for these things to have an impact on the actual demand for and price of steem.

Crypto Market is Weak

The entire crypto market is weak right now to boot. Steem is at 12 cents while a write this. 10 cents is just a mere move away.

Daily chart zoomed in makes it more clear

I’m fine with it hitting ten cents. My worry is that won’t be the bottom. That support area goes into the 9 cent area, but if we go sub 9 cents then the only downside target left is the all time low around 5-6 cents.

So basically I’m rooting for us to test 10 cents and create a bottom there, again.

Then we can focus on upside targets – which would start with this 16 cent area that is now our last little consolidation area before trying to make a run at 20 cents.

Interesting times in steem price action for sure!

Forex $1 MM Challenge – Trade #20 (9-26-19) Sold AUD/USD

September 26, 2019 Published by

U.S. President Donald Trump said on Wednesday a deal to end a nearly 15-month trade war with China could happen sooner than people think and that the Chinese were making big agricultural purchases from the United States, including of beef and pork.

Trump spoke a day after delivering a stinging rebuke to China’s trade practices at the United Nations General Assembly, saying he would not accept a “bad deal” in U.S.-China trade negotiations.

China’s top diplomat hit back at U.S. criticism of its trade and development model in a speech on Tuesday after Trump spoke at the United Nations. Wang Yi, China’s foreign minister and state councilor, said Beijing would not bow to threats, including on trade, though he said he hoped the high-level trade talks next month would produce positive results.

Source

I have a bias that no trade deal will be reached, but I’m going to continue to trade what is real, not what I feel…so I went short on AUD/USD

Monthly Chart (Curve Time Frame) – monthly supply is at 0.88000 and there is no monthly demand is at 0.60000.

Weekly Chart (Trend Time Frame) – the trend is down.

60 Min Chart (Entry Time Frame) – the chart suggests to short price at the 60 min supply at 0.6750.

NOTE: I don’t usually trade 60 min charts, continuing to test my skills on the smaller time frame, so my position was a little smaller than usual. In addition, I may try to get to breakeven sooner than later because I’m really in no man’s land.

My target is right before the weekly demand zone, but I may not hold as this trade is a greater than 12:1 Reward to Risk trade and I’m looking for just a minimum of 3:1.

This post is my personal opinion. I’m not a financial advisor, this isn’t financial advise. Do your own research before making investment decisions.

Village Farms International Is…Almost A Buy

September 26, 2019 Published by

Village Farms International, Inc., together with its subsidiaries, produces, markets, and distributes greenhouse-grown tomatoes, bell peppers, and cucumbers in North America. But in 2017, the company partnered with Emerald Health Therapeutics, a Canada-based, medical-marijuana research company and formed a 50-50 joint venture called Pure Sunfarms.

Because Village Farms International is still known as a produce grower the valuation is almost half those of other companies in the cannabis started.  But behind the scenes, they are converting their greenhouses to produce cannabis.  And what I didn’t know is the company has one of the lowest cost / gram equating to very good margins.  Thus, it only makes sense that the company had three straight quarters of recorded a profit with an avg. profit margin exceeding 20%.

Village Farms also has a hand in the hemp sector, so they have expansion opportunities in the US with the passing for the Farm Bill I 2018.

The 2018 farm bill, which legalized industrial hemp cultivation, has opened up new opportunities for cannabidiol (CBD) extraction in the U.S. that otherwise weren’t available to producers. Village Farms is looking to test the waters in this regard, initially growing and selling hemp biomass, as well as CBD oil on the wholesale market to boost its near-term cash flow. To do this, the company also has a separate hemp-based joint venture which includes over 920 acres across four states. Village Farms also expects to eventually sell CBD products directly to major retailers sometime in 2020. While there isn’t too much to say about this hemp joint venture considering the lack of significant financial results, it will be interesting to see just how successful its initial hemp/CBD efforts will be.

Source

Village Farms offer investors an opportunity to come into the cannabis space through the back door.  While other companies have been overhyped and haven’t been able to deliver, Village Farms is slowing starting to flex their muscles in the cannabis space.  And I particularly like their medical marijuana research company because in the future, the marijuana will be a low margin commodity.  So how should potential investors get into the stock, lets go to the charts.

Well, price did react to the daily demand at $9.60, but there are no more unfilled buy orders at that level.

Thus, the next stack of unfilled buy orders are at the daily demand at $6.50.

This post is my personal opinion. I’m not a financial advisor, this isn’t financial advise. Do your own research before making investment decisions.

United to Meet Chelsea in the Next of Carabao Cup

September 26, 2019 (updated September 26, 2019) Published by

Unlucky for Manchester United, they are meeting Chelsea in the next round of the Carabao cup. This is not the first time this has happened. Last season it happened. So looking at this team of Manchester United it should be a simple and easy win for Chelsea to redeem themselves after the hig lost in the epl at their home. As they took 4-1 down against Manchester United. It was good at all but now that they have met United again they will make sure to score them very well. I will ens here for today and continue later.

Chelsea Outstanding win 7 -1

September 26, 2019 (updated September 26, 2019) Published by

Chelsea on fire Now and they are not going give any small thing chance. Yesterday they score the league Two team 7-1 in the Carabao Cup meetings. This is the first time of Chelsea winning with at Large margin. It has been a long time they score 7 goals. The beginning of this season has also been a bad season for them in their home as they have lost four Matches in their. Hope this win will turn around something and give them the good side to win in their home. Before they went on half time Chelsea has already given they a lead of 3-1 so after the peep talk they added 4 goals without a reply in tbe second half, claiming their 3 points. Nice work done Chelsea.

Inter Millan Leading Seria A table

September 26, 2019 (updated September 26, 2019) Published by

Lukaku Newly joined team Inter Millan has now topped their League ans they could be a treat to Juventus at the top there. They went up to secure that position after a nice win over Lazio yesterday. Inter Millan dropped Lukaku but still won their match with a 1-0 win. They took the lead in the first half. Lazio did all that they could but it didn’t happen. Inter Millan is the favorite now after winning all their 5 matches they have played in the Seria A. Lazio on the other hand had 2 clear chance that they could have converted it into the goal post but couldn’t and made Inter took home the 3 points. Well done.

Lucky Manchester United

September 26, 2019 (updated September 26, 2019) Published by

Good morning everyone, How are you all doing? Hope all is well. Today is another day for sports. It on Manchester United. Yesterday was a lucky day for the Red Devils as their goal keeper Sergio Romero helped them to stay in the Carabao cup after not being able to score the league on team Rochdale. The coach of Manchester United always do this mistake that I always talk about. The team is not good and we all know you have to build your players. This is not the time for the coach to build players whiles the team is not good. If you meet small team and you try to play the players you are trying to build it doesn’t go well of you so play you senior players win the game once and for all and avoid every disgrace. Like what happened between United and Astana last minute goal from Greenwood help United this one too Penalties help United. So if about time the coach will learn something from it and make good decisions. Lets continue in my next post.

I bought $SQ today, Long

September 26, 2019 Published by

I bought some shares of Square Inc. $SQ today. I have liked this stock since it was in the teens, and I missed the first boat. I am not going to miss this one. This stock has pulled back to major support and has essentially gone nowhere since Q1 of 2018. It is now going sideways and this is how you buy the bottom folks.

If it doesn’t hold major support and drops it longer than 48 hours then you sell. If it does, then we are in some business.

Ever since I saw those iPads I knew this was going to be big. Now it is the best and easiest place to buy bitcoin. Bullish!

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