Crypto Contest May 26: Celer Network

Celer Network (Binance: CELRUSDT) has broken out of the triangle pattern in the four-hour chart.

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

Elliott Wave Analysis

In Elliott Wave terms, Celer Network began a wave one advance on May 9. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on May 21, and the red wave two (blue sub-waves a-b-c) correction ended on May 25. If this wave count is correct, Celer Network should be heading next towards the May 21 peak in the red wave three.

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

Funnymentals

Celer Network is a layer-2 scaling platform that enables fast, easy and secure off-chain transactions. BlockchainBrad interviewed the

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Forex Relative Strength Analysis Report For Week Starting 5/26/19

Some of the world’s currencies are accepted for most international transactions. The most popular currencies are accepted for most international transactions are the U.S. dollar, the euro, and the yen. However, the U.S. dollar is the most popular. And in the foreign exchange market 90 of forex trading involves the U.S. dollar. Thus, when assessing the relative strength of the most popular currencies in the world, it’s always against the U.S. dollar, using the daily time frame chart.

The “major” forex currency pairs are the major countries that are paired with the U.S. dollar (the nicknames of the majors are

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Don’t Sleep On Litecoin’s Halving Event

Bitcoin is up over 100% this year.  Part of the reason is because Bitcoin is halving in May of 2020. Bitcoin Halving is where the number of generated Bitcoin rewards per block is cut in half making the supply and demand of bitcoin a bit more imbalanced.  Meaning the less Bitcoin available, the more demand there is for bitcoin, thus the higher price.  And usually prior to the halving, 12 months in advance, the Bitcoin price tends to move higher in anticipation of the event.

Source

Litecoin is currently trading at a new 2019 high and the highest it has been

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Crypto Contest May 25: U Network

U Network (Huobi: UUUBTC) has broken out of the triangle pattern in the daily chart.

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

Elliott Wave Analysis

In Elliott Wave terms, U Network began a wave one advance on February 25. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on April 8, and the red wave two (blue sub-waves a-b-c) correction ended on May 14. If this wave count is correct, U Network should be heading next towards the April 8 peak in the red wave three.

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

Funnymentals

U Network is a decentralized content asset storage, notarization, distribution, publishing and valuation network. Crypto Love reviewed the

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My TIMM Trading Pit Commentary – Wk Of 5/20/19

TIMM (Traders’ & Investors’ Mentor Market) provides the tools analysts need to share their insights in a central location, TIMM becomes a market where traders and investors can shop for the insights they’re looking for.The Trading Pits are, in some ways, the main meeting place for TIMM. Here you will see folks sharing insights and asking questions about markets.

Commentary from this past week includes:

The S&P 500 futures bounced off of non-fresh daily demand yesterday, went long pre-market when price pulled back to a 2 min demand zone.

Nasdaq 100 futures back in daily demand, but no longer a fresh zone, so

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Foot Locker Just Lost Their Stripes

Foot Locker Inc. fell almost 20%, the most in almost two years after it reported first-quarter sales and profit that missed analysts’ estimates.  For the first quarter, Foot Locker reported earnings of $1.53 per share, missing expectations by 7 cents and revenue of $2.08 billion, which also missed expectations by $30 million.  Regarding full year guidance, Foot Locker now expects high single digit earnings per share growth.

Still, Foot Locker management remains optimistic.“We started the year with great energy, innovative products, and exciting customer events, leading to solid top-line growth in the first quarter with strong performance across our regions, banners,

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BITCOIN: Price Action coming

Quick post here…

We may see the end of the 4th corrective wave in the coming hours.

BITCOIN is reaching a decision resistance line of a symmetrical triangle. Since the volume is sustained I think we should see a breakage of the resistance line upwards.

Also RSI is showing a slight divergence which supports the trend.

The Target projection is 9600 USD.

Enjoy!


@toofasteddie


*Disclaimer: This is just my personal point of view, please, do your own assessment and act consequently. Neither this post nor myself is responsible of any of your profit/losses obtained as a result of this information.

Forex Analysis Report 5-24-19…Possible Trade Set-Up To Short Euro/Jpy

As U.S.-China trade-war rhetoric escalates without any plan for a resumption of negotiations, currency strategists are mapping out foreign-exchange implications.

Bank of America Corp. sees the Japanese yen strengthening as investors flee risky assets, and has recommended an associated euro-yen trade. Goldman Sachs Group Inc. warns that currencies from the euro to South Africa’s rand and Chile’s peso could be in the firing line.

Over at Bank of America, the currency team last week initiated a three-month put spread that takes a short position on the euro-yen currency pair, with the view that investors will be seeking a haven with no quick

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Tesla Is Losing Its Rockstar Status

You either love Tesla or you hate Tesla.  Regardless of what camp you are you in, Tesla, like Apple has a huge fan base.  Tesla, like Apple is a cult, with a cult following.  Tesla, like Apple is a Rockstar. 

However, the Smart Money is starting to leave the concert because the music is no longer music to their ears.

Hedge funds like Millennium Management LLC and DE Shaw & Co. trimmed their exposure to Tesla Inc. just before the company’s latest drop during the second quarter wiped out roughly $16 billion in market value.

The pair of funds sold close to 850,000

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Unusual Options Activity In SPDR ETF, XLE

Global oil prices are under pressure due to no resolution in sight regarding the US-China trade war, ultimately sapping demand for oil and weaker than expected economic data that came out of Europe on Thursday.  As a result, U.S crude oil prices had their largest drop of the 2019 on Thurs, oil prices are now below $60 and oil price are at a three month low.

The Energy Select Sector SPDR® Fund seeks to provide an effective representation of the energy sector of the S&P 500 Index.  The top holdings include:

Source

The SPDR Energy Select Sector ETF droppped 3.3% toward a 4

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