Zerify Inc (ZRFY)

[Robert234]

Here's a good look.
https://imgur.com/a/PSDjV
So start at the beginning and follow the pattern.
There is a pop followed by a period of consolidation
The consolidation period is usually bearish for a few days. The longer into the consolidation phase the tighter the daily price fluctuation is.
As the 20MA converged on the consolidated daily PPS it turns bullish and runs a bit. Rinse and repeat.
While this pattern plays out it creates higher lows.

A few days back there was a bearish MACD conversion as you can see on the chart.
But fewer and fewer are willing to sell so close to support so what had happened is the volume has died off because not enough incentive to sell because of the charts tendency to hold strong support.

Meaning if you were to sell at .004 looking to get back in at a lower price you would be less likely to be able to re enter favorably.

So trading on low volume now.
Price action much tighter than yesterday and tighter the day before.
Meaning bearish trend is having a rough go at pushing it down much further.

20MA has risen to just under current levels meaning that we are basically a tick or two above the level of support.

This will inevitably run a few ticks an upward direction here very soon. This will cause the MACD short term moving AVG to start moving back up it won't take long to cross over again triggering the bullish signal.

In addition.

The daily candle "as is" is a handsome looking well formed hammer.

A hammer that is forming after a 5-6 day bearish trend which as I described before has lost momentum as it comes closer to converging with the 20MA Support.

Hammer candle is an easy to recognize bullish trend reversal signal. Especially if it pops up in a spot like its appearing now. At what looks like the end of a down trend.

Drooling over this chart right now

Oh and the RSI is currently oversold for this chart at 57!





Replies:
Shorting and flipping SFOR going forward is very
cjstocksup on 8/24/2016 11:58:18 AM
God damn robert thanks for posting all that
Robert234 on 8/24/2016 12:01:48 PM


Report TOS