Forex Analysis Report – 6/11/19…USD/MXN Bouncing Around, But Consolidating???

Late Friday, President Donald Trump tweeted that he had suspended plans to impose tariffs on Mexico after reaching a deal with that country over stemming the flow of illegal immigration. But he warned Mexico in a series of tweets on Sunday that if cooperation should fail, “we can always go back to our previous, very profitable, position of tariffs.”The Mexican peso surged on Monday, benefiting from news the U.S. won’t impose trade tariffs after a deal was reached between the two nations.Mexico’s peso USDMXN, +0.0083%   jumped 2.2% against the dollar. The buck was buying 19.198 pesos, compared with 19.624 pesos

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Litecoin Rips Through 120 Sets Sights on 170???

So litecoin is outperforming the other big caps in recent days and has made an aggressive push higher.  The move is getting a bit extended but that doesn’t mean it’s about to end.  So where can it go?
Extended but extending
To be honest., I was hesitant to get long at 115 the other day because when I look at the weekly chart price looks a bit extended.  On the daily chart it looked fine though, well until now where it also looks extended.

The reason I say extended is because it has pulled far away from the 10 day moving average (blue

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I learnt something today…

…that I didn’t know about the palnet.io chain and frontend…

You can use any steem interface to write and publish a post in the Steem Blockchain but if you want to earn more tokens, in this case PAL Tokens, you just have to add the tag #palnet in the post, whatever the interface you use…

…but what I learnt today additionally is that you can upvote any post at palnet.io and you will also automatically upvote the same post at the steem blockchain!

Perhaps it was so obvious for many but not for me at least… basically, you multiply the chances to be rewarded.

The only thing you have to take care about is the PAL Upvote percentage because the upvote at the STEEM blockchain will replicate the same percentage…

Honestly, I don’t understand yet what is the aim of the palnet.io project besides the double rewarding…perhaps it is just a question of becoming independent from STEEMIT? I would appreciate some explanations from palnet.io developers, for instance @aggroed explaining road map and perspectives because I really like the idea…

By the way, if you want to check your voting power in both PAL and STEEM check the following tool created by @blockchainstudio (thanks to @holger80 for the informative post):

https://economicstudio.github.io/vp/?a=toofasteddie&t=PAL

(just change my name by yours)

I think from now on I am going to use #palnet tag as the main 😉

@toofasteddie

GVT technical analysis

GVT seen from the temporality of 1D we can observe the setup of an ascending triangle, having the resistance in the 4773, the price in the last candles has realized the breaking of the resistance of fall where it seems to have tested correctly like support after the throwback.

GVT seen from the temporality of 4H we can observe the formation of a cup & handle, the pattern should be completed by breaking the major figure reaching our take profit which is located within the price range of 5582 – 5690.

GVT seen from the temporality of 1W we can observe how

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Erinn Murphy Is So Wrong About Tapestry

Piper Jaffray analyst Erinn Murphy reiterated an Overweight rating with a $40 price target.Murphy said Tapestry management is confident in the multi-brand strategy and reiterated their view to achieve double-digit EBIT growth in fiscal year 2020. The Kate Spade transition is underway and by the end of June, over 90 percent of full-price products will be from new creative director Nicola Glass.“While management acknowledged the overall North America retail climate has been ‘choppier’ year-to-date, trends overseas are particularly strong and they are not seeing pressure in their China business,” Murphy wrote in the note.China is still the largest opportunity across

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BITCOIN – 11 Jun

On 4hr chart, pretty much the same consolidation. Opinion still remains the same for the past 2 days. Likely bearish week and a possible test of the 6500-6800 zone.
News: (Current) | (Upcoming)
Short term moving average (day candle) :
RSI :
Network Value to Transactions Ratio :117
Total marketcap :248
Dominance :55.5
Bitfinex Margin Long/Short Volume Ratio :
Depth Chart : (S) | (R)
Weekly Timeframe :

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5 days-on-a-row of STEEM Growth

Believe it or not it’s been already 5 consecutive days on which STEEM presents positive numbers in terms of price…

Of course I am speaking about the STEEM/BTC pair. The STEEM/USD pair is not bad neither but it is affected by the correction of BITCOIN.

What is interesting to see is that, both, the 50 and the 200 Daily Moving Average are now holding STEEM more solidly than ever and it is trying to break a known resistance right now, on a time not specially good for BITCOIN…

I really think we touched the bottom already on December, the problem is that there is an excess of STEEM available at the market due, mainly, by the major transfers performed by STEEMIT INC during the past months, some of them were really massive… in particular during early this year, and according to what I have extracted from the data obtained at Steemworld, STEEMIT did in a couple of months transfers to alternative accounts which withdraw STEEM to the exchanges in enormous quantities (millions of STEEM)…

So, even if STEEM has done the bottom there, the amount of available STEEM at Bittrex, Binance, Huobi etc… highly exceed the demand of the buyers…

Lately, STEEMIT has decreased the amount of coins transferred to the Exchanges…

We are speaking about a huge change from a few Millions to less than 1 Million of STEEM… this are very good news for everybody.

Hope they can maintain this withdrawal level in order for STEEM to recover a little bit its price… we deserve it as well.

@toofasteddie

🗞 Daily Crypto News, June, 11th💰

  • Liquid Cryptocurrency Exchange to Host Public Phase of Telegram ICO ;
  • Major Korean Bank Signs MoU With Atomrigs Lab to Explore Crypto Asset Management ;
  • 100 Bitcoin Users Perform What Might Be Largest ‘CoinJoin’ Transaction Ever ;
  • Fraud-Fighting ‘Watchtowers’ to Arrive in Next Bitcoin Lightning Release ;
  • Bitcoin People Directory Lists Crypto-Friendly Merchants ;
  • 📑 Daily Crypto Calendar, June, 11th💰
  • STEEM Trading Update

Welcome to the Daily Crypto News: A complete Press Review, Coin Calendar and Trading Analysis. Enjoy!

🗞 Liquid Cryptocurrency Exchange to Host Public Phase of Telegram ICO

Cryptocurrency exchange Liquid will reportedly be the first to host encrypted messaging app Telegram’s Gram tokens when they go on public sale, a press release confirmed on June 11.


Telegram, which has not provided an official statement on the move, became the focus of international attention last year when it held a private initial coin offering (ICO) for Gram, which raised $1.7 billion for its Telegram Open Network (TON) project.


A message from an unofficial TON channel on Telegram wrote that Liquid could be attempting to catch on to the hype surrounding the as-of-yet unreleased token, and that investors should wait for official information from Telegram.

🗞 Major Korean Bank Signs MoU With Atomrigs Lab to Explore Crypto Asset Management

Major South Korean commercial lender KB Kookmin Bank has signed a Memorandum of Understanding with blockchain technology firm Atomrigs Lab to jointly explore digital asset management and protection solutions. The news was released at a press conference at the bank’s office in Seoul on June 11.


The MoU — signed yesterday, June 10, in Seoul — establishes that the two partners will focus on digital asset market growth and new crypto-related businesses, according to Korean news outlet Yonhap News.


Atomrigs Lab is a firm specializing in blockchain development for the financial sector, and has been developing blockchain-based digital asset protection technologies using next-generation cryptography.

🗞 100 Bitcoin Users Perform What Might Be Largest ‘CoinJoin’ Transaction Ever

The community behind the privacy-centric bitcoin app Wasabi Wallet recently brought together 100 people to collectively execute a “CoinJoin” transaction on bitcoin in what might be the biggest event of its kind.


Some context: bitcoin itself is far from private, as users can, via the blockchain, see where coins are being transferred to and from. One effort to afford greater privacy to transactions is CoinJoin, a long-standing technology first proposed in 2013 by long-time bitcoin idea man and cryptographer Greg Maxwell. The idea is that transactions can be made more private by jumbling a number of different transactions together and then redistributing them.


At 100 transactions, Wasabi Wallet’s effort might be the biggest, but it’s certainly an advancement for the privacy tech as a whole.

🗞 Fraud-Fighting ‘Watchtowers’ to Arrive in Next Bitcoin Lightning Release

So-called lightning network “watchtowers” — a much-anticipated next step for securing the network — are coming soon.

Watchtowers have long been considered a missing piece of bitcoin’s lightning layer, as they’re crucial for squashing fraud on the experimental, off-chain network that could make bitcoin payments faster and more scalable. With version 0.7 of the LND software release coming at an undisclosed date in June, Lightning Labs is launching the most complete build of a network watchtower to date.

When someone uses lightning, it’s necessary for someone using it to remain online to make sure their “counterparty” isn’t trying to steal those funds. But this is obviously a UX nightmare; for example, customers don’t have to monitor their Wells Fargo accounts every day to ensure that they’re not being defrauded.

🗞 Bitcoin People Directory Lists Crypto-Friendly Merchants

The number of businesses accepting cryptocurrencies for goods and services has been growing, particularly for P2P coins such as bitcoin cash. Finding places where you can spend your digital cash is easy thanks to platforms such as Bitcoin People.

Bitcoinpeople.online is a merchant directory listing companies that support payments in bitcoin cash (BCH) and several other major coins and tokens. It’s useful for both potential customers who want to find places to spend their digital currencies and for businesses that are willing to accept digital assets for their products.
If you are a crypto entrepreneur, you can sign up and list your businesses for free. To do so, you need to register with the platform. Creating an account requires you to choose a username and password and provide a valid email address. You can also promote your brand as a featured business on the Bitcoin People homepage and on other relevant pages for about $1 per month.

📑 Daily Crypto Calendar, June, 11th💰

Holochain AMA No. 27 on YouTube at 6 PM (UTC).

Vebitcoin Listing

On June 11th at 00:00 UTC we will reward TRON $TRX holders with 990,000,000 $BTT.

On June 11 and 13, #PundiX Co-Founder and CFO @pundixdanny will participate the panel “What is my #Blockchain” hosted by @LIDTEvents.

MATIC sponsors Hack@IDF hackathon from June 11-13 in Bengaluru, India.

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STEEM Trading Update by my friend @cryptopassion

Here is the chart of yesterday :

STEEMUSD.jpg

Here is the current chart :

STEEMUSD.jpg

As you can see on the chart, the STEEM is doing a nice UP today, and continuing its progression of the last days, ignoring the correction that we experienced yesterday. However, look the chart that I drawed today for you : Be really carefull with that double top pattern. We need to break that line very soon or if it si not the case and that we start to drop now, it will be a very bearish signal…

image.png

Last Updates

Join this new Free To Play on the STEEM Platform !

World Series of Crypto Trading

 
I’ve just entered the World Series of Crypto Trading
and I suggest that you enter it too.
 

From https://wsoc.io

The World Series of Crypto Trading (WSOC) takes place on the Waves platform. I love platform coins, but as much as I want to, I can’t hold them all. WAVES is a cryptocurrency which has so far (unfortunately) escaped being added to my portfolio. In hindsight I should have bought WAVES long ago, instead of several other unsuccessful coins which I did buy.

One of the nicest things about Waves is that it has its own DEX, and that is where the WSOC trading will

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Forex Analysis Report – 6/11/19…Downside Risk On USD/INR(Rupee)

The rupee will fall further against the U.S. dollar over the next 12 months than previously thought, hit by slowing growth momentum and an escalating global trade war that has recently threatened to engulf India, a Reuters poll found.Last year, a deep sell-off in emerging markets and a widening domestic fiscal deficit, exacerbated by rising oil prices, pushed the rupee down nearly 9% and that weak trend is not expected to change over the coming year.A trade conflict between the United States and China, which shows no signs of being resolved anytime soon, will probably put further pressure on risky

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