This chart talk about basic market cycle in respect to the chart. From the chart it can be deduced that we has the following phases that make up of market cycle:
Lamboo Phase(Big Guys Zone): Real market growth Recovery Phase(Accumulation Zone): This phase bring basics hope to the market) Correction Phase(After the market growth hit stronghold level this phase kicks in for possible balancing between the buyer and sellers.)
From the charts each phase is shown with their unique colors.
Lamboo Phase comprises of 20 Bars where each Bar represent 2weeks Candle and this lasted for approximately 280days.
Recovery phase has 40Bars which lasted for approximately 560days.
While we have the last phase which is for correction and is usually the longest phase among all which comprises of 45Bars with approximately 630days.
Let now talk on this cycle implication on the current market, as we all can see we are still very much in CORRECTION PHASE and presently out of possible 45Bars we already achieved 36Bars which mean we still has about 9Bars more to go which should lasted for approximately 140days more.
What to expect? Since we have 140days more for these present cycle to complete its correction, then we can expect a potential re-test on 32xx$ or a possible new level that will create a new low.
What to do? Right now the best action will be to always buy and sell within the trading range and all this should be with tight stop loss, till we are out of correction zone. This is not the time for Long term investment.
Thanks for reading my market view. If you find it interesting kindly appreciate my effort with your likes.
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[Note: This is a press release.]
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Funds raised through CORION’s crowdsale will be distributed to further developments and investments managed by the (50 percent), to the Stability Fund managed by the Foundation (25 percent), to the team members for their two year of work (16 percent), future developers and associates working on the CORION Platform (4 percent), and marketing, promotions, and growth (5 percent).
CORION’s Marketplace allows anyone with a minimum purchase of 3,000 CORION tokens (a $2,400 investment) to join the community as a Service Provider and start their own business and start acquiring customers. The marketplace provides an excellent tool to promote any business online or offline anywhere in the world. From there, the mainstream crowd is engaged through affiliate programs and shopping communities that generate demand for usage of the platform. As business grows, so does the token supply, thus fuelling the system and allowing users to earn daily rewards from staying active within the community.
The CORION Platform also features a built-in automated inflation and deflation control system that ensures the stable price of the coin to carry out transactions. If the price of CORION rises above $1 on the main exchanges, (i.e. there is a demand for more tokens), the system will release a maximum 2.5 percent additional tokens daily. On the other hand, if the price of CORION drops below $1 on the main exchanges, (i.e. there are more tokens in circulation then the system needs), no tokens will be emitted. To make sure the system works, set fees are calculated after each transaction and later burned to make sure they never appear in the system again.
Miklos Denkler, CEO of CORION, explains:
One of the biggest deterrents for new cryptocurrency users is the hassle of monitoring the hugely fluctuating prices of cryptocurrencies. With CORION, the price of the token remains stable, giving community users all the freedom to buy and sell in the marketplace without a major financial risk. We look forward to introducing CORION to a larger audience through this token crowdsale and putting investments towards funding this truly revolutionary platform.
For more information on CORION and its upcoming crowdsale, please visit:
About CORION
CORION is a multifunctional platform for businesses and individuals to join and build a worldwide decentralized network based on mutual benefits, simplicity, security, cost-effectiveness and speed. The Platform provides and hosts secure, convenient, and instant financial transactions using CORION, the stable means of payment. CORION encourages users to build businesses and services on it and it is ideal for beginners and anyone looking to enter into the crypto world. For more information, visit
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