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Day: April 11, 2019

Crypto Contest April 11: Siacoin

April 11, 2019 Published by

Siacoin (Poloniex: SCUSD) has broken out of the triangle pattern in the weekly chart.

(Chart courtesy of Tradingview.com (log scale))

Elliott Wave Analysis

In Elliott Wave terms, Siacoin began a wave one (blue sub-waves i-ii-iii-iv-v) advance in December 2015. The red wave one finished in January 2018, and the red wave two (blue sub-waves a-b-c) correction ended in February this year. If this wave count is correct, Siacoin should be heading next towards the January 2018 peak in the red wave three.

(Chart courtesy of Tradingview.com (log scale))

Funnymentals

Siacoin provides an open-source low-cost solution for cloud storage. Crypto Big Boss reviewed the coin in January this year.

(Sources: Siacoin

Speculators Are Betting Against The Euro

April 11, 2019 Published by

Speculators are betting heavily on a fall in the euro amid woeful economic data from Germany, its powerhouse nation.Hedge funds and other trading firms are short-selling £10.7 billion of euros, according to research by Goldman Sachs – meaning they make money if the value of the currency falls.The sum is £2 billion more than a week ago, suggesting investors are increasingly gloomy about the future prospects of the monetary union.

Source

Things will get worse for the Euro if Donald Trump moves forward with US tariffs on $11 billion of goods from the EU to due subsidies for Airbus, the European aerospace

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