The Cardano team has announced an official date for the release of its long-awaited Smart Contract capability rollout. According to IOHK, the host company of Cardano, the Alonzo hard fork will go live on September 12. The integration of Smart Contracts on the proof-of-stake platform will allow developers to create dApps satisfying use cases like […]
After the preliminary estimate of the August Michigan Consumer Sentiment Index came in at 70.2, surprisingly dropping to its lowest level in nearly 10 years, the EURUSD continues to rise. The dollar is under pressure across the board in the foreign exchange market. The resurgence of USD weakness, fueled by poor US consumer confidence data, […]
Key Resistance Levels: $60, $62, $64Key Support Levels: $40,$38,$36 Polkadot (DOT) Price Long-term Trend: BullishPolkadot’s (DOT) price is in an uptrend as it reaches the high of $22. The DOT price is making a series of higher highs and higher lows. For the past three days, the bulls have been struggling to break above the […]
EURJPY Price Analysis – August 13 In the early hours of the American session on Friday, the EURJPY sustains its bounce from an intraday low of 129.36, returning to the prior day trading zone. The pair held steady on the broader EUR advance as Eurostat statistics revealed that the eurozone had a trade surplus of […]
GBPJPY Price Analysis – August 13 The 153.450 barrier rebuffs the bulls’ advances, thereby confining the market to a ranging movement. The past two and half months have overseen strong actions by the bears and then the bulls. The price plunged strongly and then was pumped up with equal intensity. Moreover, for the past three […]
Key resistance: 1.2530 Key Support: 1.2490 – 1.2440 After rejecting the 1.2800 level on July 19th, the USDCAD dropped 3% to retest the 1.2400 level. The impulsive moves in this market are bearish and I have been waiting for an opportunity to short on relative strength (pullback) Yesterday I tried to short at the retest […]
Key resistance: 20.00 Key Support: 19.88 – 19.80 The USDMXN has been trading sideways in a very choppy range (on the daily and higher TFs) for about 6 weeks but since Tuesday, we have seen a very structured bearish move (-1.52% from high to low). I’ve been hunting these shorts since yesterday on a retest […]
The TRON Foundation has announced that it is launching a GameFi fund, the TRON Arcade fund. The company noted that it would sink about $300 million into GameFi and NFT-focused protocols developed on the TRON platform between now and 2024. For those who do not know, GameFi is the umbrella term covering the gamification of […]
Everyone wants to master the art of the options trading profession. After stepping foot into the trading world, people start thinking that options trading is the most efficient way to make a big profit. This statement is true to a certain extent when you don’t have big capital. You can predict the direction of the […]
