Review on GXChain by Mehdi hazni
GXC Price Analysis
This project has been one of the relatively successful projects of 2017 and has presented a new idea (public message exchange through a decentralized network). I do not intend to explore this idea and have analyzed the daily chart and btc pair of GXC currency.
As I have shown in the review image below, a pattern of head and shoulders has clearly occurred during this time period, and due to the ascending neckline, a downward movement has begun after the right shoulder closes. According to the analysis in the photo, the downtrend will continue for a moment and then a pullback will be made to the neckline and then the main fall will start.
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Pros
- The price has been falling since the beginning of the entry, but it has not fallen very sharply and suddenly, and this makes the risk of trading for traders in this currency less.
- Good idea and support among the top 200 coinmarketcap currencies
Cons
- According to the analysis presented in the review, at the moment I do not recommend buying this currency at all
- The project's Twitter page has only 2,200 followers, and given that it ranks 170, this is not a good number at all.
