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Month: September 2019

LAMB technical analysis

September 27, 2019 Published by

LAMB seen from the temporality of 1W we can observe as the price could form a structure of continuation bullish, the best figure represents a descending wedge in which we see as the price has formed minimums each time closer, signal of a close change of tendency, we must be attentive to the support located in the 0.00001111 indicated in the graph by a horizontal green where the price should arrive and find demand that can drive the price up, the current weekly candle is bearish, it is still early to know how it will end at closing, however, the price has not yet touched support, so we should wait for the price to drop a little more.

LAMB seen from the 1D temporality we can observe more closely the current movement of candles within the descending wedge, once reached the support, the price could follow a trajectory as I have drawn in the chart above, our profit target is located within the price range of 0.00002044 – 0.00002134, indicated in the graph by the two horizontal red color, reached that point the price could fall quickly or form an HL above the point EQ and look for the break up, otherwise the price would seek again the support with probabilities of breaking down.

In conclusion, LAMB has had a slow decline in the price within the major figure since mid-July and we are close to a reversal movement, so we should be aware of the reaction of the price in 1D as we approach the support at 0.00001111 to look for the best trading position, the price should not close below the diagonal support of the major figure, if this happens the price should fall much more, but if you get a rebound forming an HL, the chances of reaching our goal will be high, I recommend following the action of the price of this currency very closely and always trade with stop loss, the percentages of loss and gain are high, so the risk is much greater.

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

United Coach has a full support from De Gea

September 27, 2019 (updated September 27, 2019) Published by

Everyone is aware of the difficulties that Manchester United is facing. And people has already started passing their comment on the exist of the coach of Manchester United. But here comes the voice of the Goal keeper of Manchester United. He has voice out something which actually said it all that the Coach of Manchester United might not go any where but stay with the club till the end of the season. He said this when he was talking, Manchester United was facing difficulties before they handed it over to Solskjaer and when they handed it over to him the coach has been struggling from that time till now but they still have hopes in the coach that better things are about to happen. Even thou they have played 6 matches in the epl and have gathered eight points but they are willing to die for the Coach. The Coach is a former player of Manchester United so he knows the back and foreth of Manchester United so we all should wait for the surprise which are about to come. They will die for the coach no matter what the situation is. This should there might not be an exist for the Coach soon. If there will be it wont be now. SO lets watch out more from the Manchester United coach. Thank you for your time have a great day. Good morning.

Suggestion on Steem Price

September 27, 2019 (updated September 27, 2019) Published by

Hello everyone good day, Hope we all have seen how the price of steem is fallen and I would like to suggest something that can be done to see if the price of the steem will move up again. From my experience, when I first joined steemit, i noticed that the only crypto payment we receive as payment was SBD and steem power so I actually asked of why that not steem and I had an explanation that when the SBD shoot up it pulls up with the steem. So as SBD is going up steem will also be going up. I studied it and it worked perfectly because as we saw SBD making waves steem was also coming. Now they have chance the reward to steem. The price of steem is also low so even if anyone is interested in the platform and see the mode of payment he or she wont feel like joining. So why dont they change it from Steem to SBD so that as the SBD moves up then it will be dragging up the steem. The price of SBD will shoot up if the pricing system is changed to SBD. So I am pleading with the team of Steem to look into it and do something about it.

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.

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