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Macro Monday 57 - Venezuela Update ( 5 charts)Macro Monday 57 - Venezuela Update I'll have more charts for you over the coming week but feel this is an important event that could help shape South America's economic trajectory over the coming 5 - 10 years Last week I shared the country that has the largest oil reserves in the world, Venezuela. I noted that Venezuela stands at a critical juncture, with the potential for a historic return to democracy by way of national election on 28th July 2024. Unfortunately, the authoritarian socialist incumbent President Nicolás Maduro appears to have "claimed" victory in the election, amidst many observations of election fraud and interference. At present the people of Venezuela have taken to the streets in protest, are toppling Maduro's statues and demanding him to leave office. Only an hour ago reports of counter forces apparently breached a barricade to Maduro's home. Many world leaders have called out Maduro on what they see as a false election victory. The international pressure is mounting on Maduro's régime. The world recognizes the violation of the peoples choice. The election might look like its a major loss for the people of Venezuela, however it appears to have invoked an incredible revolutionary type response from the people, it has captured the worlds attention, and the attention of the likes of Elon Musk and Javier Milei (Argentinian President) both calling for Maduro's exit. In response Maduro has called out Elon Musk, whom he calls his "arch-enemy" since his post earlier today. Clearly threatened, pressure is mounting on Maduro internally and from the International community. The election results could be the tipping point for the Venezuelans , it appears that change is in the air in and a new dawn is approaching with the world backing the Venezuelans who have clearly had enough. Lets hope for as peaceful a transition as possible. If successful, the country with the largest oil reserve in the world, that was once twice as rich as China, 4th ranked world economy (1st in Latin America), can return to its former glory. If such an event were to unfold, Venezuela, IMO, could lead South America out of a developing economy to a booming one within the decade. Charts in South America Please see South America and all its compressing pennant formations and ascending triangles. Few cup and handles too at present Peru is a clear leader with Argentina, however it does not hold the worlds largest oil reserve like Venezuela which appears to be about to make major political change. Chile - AMEX:ECH Brazil - AMEX:EWZ iShares Latin America ETF - AMEX:ILF MSCI Peru NTR Index (USD) - ICEEUR:MPU1! Argentina - AMEX:ARGT PUKA
BVCV:IBCLong
by PukaCharts
Argentina's Strength through Fiscal ResponsibilityArgentina has made some of the hardest fiscal decisions of any country I can remember in my lifetime and with this has come growth and new investment. We could see a strong bottoming signal from a bit ago of the Lin Reg + RSI indicator with all values below 50 and RSI below 30. Confirmed in the Williams indicator with green bars and falling Relative Volume. I believe a DCA strategy for the next few months will be safe as there is support relatively close and mid and high end targets using a Gann Fan to estimate where we look to go. Although not so much TA I believe Argentina may follow Ecuador's lead in buying bitcoin as we are still yet to see what crypto summer has to offer.
AMEX:ARGTLong
by AngryBuhda
Bitcoin 2024/25 bull marketBitcoin bull market This is my main market idea for this year, has been my blueprint since march. I was right about range-bound correction after reaching 73.8k, I personally think we could see a lower low from here but not really sure, the predicition (sending from here) also makes sense since alts corrected heavily and crypto could have seen their bottom for the rest of the year. Chart shows very clearly my idea, I think we will have a top around 100k~ in may leading to another HTF correction for btc. At this point we could see a tiny altseason (btc.d dropping - eth/btc pumping) or maybe another alt correction but anyways it will be a great opportunity to accumulate spot positions. Around the end of Q3 and start of Q4 I think we will get the FOMO pump - everything pumping - everyone into crypto that based on various fibonacci clusters could end on 165k - from there on I will re-evaluate general market conditions and make the gameplan by 2025. Every target has been calculated with time and price fibonaccis, so it could be pretty presice, but rectangles show a wider area for price to turn around. Happy halving!
COINBASE:BTCUSDLong
by Bicenzu
Can Javier Milei's victory pull Argentina out of the hole?Introduction Argentina has not been doing well for some time, holding the second-largest economy in South America, behind only Brazil. It has been suffering from poor policies that have harmed the country's macroeconomy. Not only that, but it seems that all of Latin America has fallen into the hands of progressives, enthusiasts of communist parties, and also dealing with drug trafficking in countries like Brazil, Colombia, Bolivia, and Ecuador. When Javier Milei won the elections in Argentina, this could have been significant. The neighboring country is hostage to a left-wing ideology that refuses to transact in American currency, which many consider absurd, as the foreign currency is the strongest in the world, while the local currency is considered one of the worst. The reason is high inflation, reaching around 100%, the devaluation of the internal exchange rate, which is even advocated by these politicians, but in practice has increased the cost of imports and the payment of external debt. Here we can observe a chart of the performance of the US dollar against the national currency And we can see that the situation is so absurd that not even the Argentinians themselves believe it, as a significant portion of the population dollarizes their capital to avoid the effects of high inflation and interest rates. In addition, there is a political crisis, low credibility of the Argentine government for a long time, low international reserves, high-interest bonds with near maturities, making it difficult to repay debt, and a high outflow of foreign investment, reducing the influx of dollars. This happens because the leaders of the Platine Republic are anti-foreign currency, proving once again how absurd this scenario is. If we stop to think for a moment, we know that the powerhouse is a global reference when it comes to having a strong economy, good numbers, and not just for that. The US dollar is a reserve currency, representing 60% of global reserves. Over 70% of the forex market is currency exchange, and the main currencies in the world are traded against the foreign currency. The US dollar is also a benchmark for other assets such as metals, commodities, oil, stocks (since the two largest stock exchanges in the world, NYSE and NASDAQ, move dollars every day), and even bitcoin itself, which has the most traded parity in the world against the US dollar. Remembering that the Argentine public machinery is very rigid. Some advantages of dollarization are: * Protecting the nation from exchange rate speculation, which can cause instability and devaluation of the national currency; * Safeguarding the state's macroeconomic indicators, such as inflation, from more serious deteriorations, as foreign money tends to be more stable and reliable; * Sharing the benefits of stability in the value of the foreign currency against the national currency, which can increase the p urchasing power of citizens and stimulate territorial economic growth; * Reducing transaction costs for trade between countries that use the same currency, facilitating commercial and financial relations. Some disadvantages of dollarization are: * Losing the ability to influence its own monetary policy, i.e., losing financial autonomy. This means that the state can no longer control its interest rate, money supply, and exchange rate, becoming dependent on the economic policy of the issuer of the foreign currency; * Making the process complex and difficult to reverse in the future, in addition to implying a high cost for its implementation. * The territory needs to have sufficient reserves of the US dollar to ensure the conversion of the national currency and to face possible economic shocks; * Preventing monetary authorities from acting as lenders of last resort to commercial banks in a scenario with complete replacement of money. This means that the nation can no longer bail out banks in times of crisis or insolvency, increasing the risk of the financial system's bankruptcy; * Exposing the country to fluctuations in the foreign currency against other currencies, which can negatively affect some sectors of productive activity. Now elected, we know that the liberal leader will face various difficulties and obstacles to make the Platine Republic recover, as not only it but all of Latin America, including Brazil, has adopted policies that do not please investors and economists. The proposal to adopt the world's strongest currency as the official currency may face significant obstacles, as the crisis-ridden economy faces many problems. However, it could help reduce inflation, which could reach 100%, also end high-interest rates, investor and international creditor confidence, and also facilitate access to and repayment of external debt, which represents 70% of the Argentine GDP, in addition to stimulating economic growth and productivity, eliminating exchange distortions and capital controls. In addition, it implies the total loss of autonomy of its central bank to regulate the money supply and interest rate according to the needs of the economy. In theory, this is concerning, but in practice, considering the amateurism of management in Latin America, it is much better to have the confidence of the Federal Reserve than to rely on political appointments, as the South American nation does not have an autonomous central bank. Society faces various problems that concern the population and the rulers, such as the abyss, poverty, exchange rate dependence, external debt, political instability, and climate change. These problems result from a long history of economic crises that have marked Argentina since the 20th century. The neighboring country not only survives on crises because even adopting bad policies over the years, there are good companies that have overcome disastrous economic problems and have been successful and are now listed on the NYSE and NASDAQ. Let's focus on 5 companies listed on the American stock exchange based on technical and fundamental studies. Starting with Banco Macro (NYSE): It is a private financial institution founded in 1976 in Argentina, specializing in serving the demands of the northern provinces of the country, where it has a strong presence. The bank offers a wide range of products and services for individuals and legal entities, such as current accounts, savings, credit cards, loans, investments, insurance, and foreign trade. The bank is part of the Macro Group, which also includes other companies such as Macro Securities, Macro Fiducia, and Sud Inversiones. It has more than 9 million customers, 8,700 employees, and 870 branches throughout Argentine territory. In addition, it has equity stakes in other financial institutions, such as Banco del Tucumán and Nuevo Banco Suquía. It is one of the leaders in the Argentine banking sector, with a market share of 8% in deposits and 9% in loans. Its net worth is $2.1 billion, and its total assets are $16.4 billion. Its growth strategy is based on geographical diversification, expanding the branch network, technological innovation, and customer loyalty. This is a very interesting company even though it is Argentine. We can observe the good performance it has had during this period. It has an interesting price, and in this sideways movement after a large appreciation, it seemed that the stock could correct back to around 16. But this may not be true since a high volume entered, slowing the fall. This can be interesting for an entry of a flow contrary to the sale. But still, it is a representation that was quite undefined because they were waiting for the election. It seems that with the definition, there was a bullish rally causing the price to rise to around 20.94. With the triumph, the shares of Argentine companies experienced a significant increase with a gap from 20.43 to 26.05, starting a new bullish rally. Observing the fundamental analysis of this stock as well, we can see that it has delivered good fundamentals and, combined with technical analysis, will present an optimistic behavior for hold. Grupo Financiero Galicia (NASDAQ) is an Argentine financial services holding company, created in 1999. The company owns several subsidiaries, such as Banco Galicia, Tarjeta Naranja, Compañía Financiera Argentina, Sudamericana Holding, and Galicia Administradora de Fondos. Its capital is formed by 1,474.7 million shares, with 281.2 million Class A shares, with 5 votes per share, and 1,193.5 million Class B shares, with 1 vote per share. Among the companies that are part of the group, Banco Galicia stands out, the holding's main asset and one of the largest banks in the country. It has 308 branches and 6,500 employees throughout Argentine territory. In addition, the group has a minority ownership stake in Banco do Brasil S.A., the largest bank in Latin America. In the Argentine financial system, the group has a market share of 8.9% in deposits and 9.4% in loans. Its net worth is $2,063 million, and its total assets are $17,532 million, according to data from the first quarter of 2022. The technical analysis of the group is very similar to that of Banco Macro (NYSE). If we observe these red bars in this chart, they indicate a high traded volume, having this bar color different from the traditional green, red, or white and black colors. The reason is that this coloring serves as a heat map, and the hotter it shows, the higher the volume and participation in the asset, and the colder, the less participation in the title. This plugin, together with the volume delta plugin, shows the actions of participants who made decisions to buy securities. Similarly, we also see a gray part in this red bar, which shows the presence of participants also acting against those who made decisions to buy the asset, for example. But apparently, it looks a lot like BMA, however, with a slight downward bias to the 13.48 area, possibly falling in that range. If the stock went below this zone, it could seek lower levels, such as returning to the area of ​​least interest in the market, which is the 10 range. This would happen because of the uncertainties of Argentine politics, which now seems to have been concretized with the victory of the economist, this bias has changed to upward, starting a new uptrend channel on the daily. Here we also observe a supply test between 12.85 and 11.60, with a lower selling flow than the last buyer, after the largest absorption of purchase that happened between 10.59. Now, also with the last asset analyzed, we have an uptrend channel. Despite having a very strong selling flow, it rejected to the bottom of the candle, where it has already started to rise again, with a possible increase now with the new established management. Now, moving on to the fundamental analysis. The financial indicators of the company are great, despite being based in Argentina. What is very interesting is how these companies are very well managed, even in a problematic country like Argentina, which is why they are not on Nasdaq for nothing. Mercado Libre: Mercado Libre is an e-commerce company that operates in 18 countries in Latin America. The company has more than 16,000 employees and plans to hire another 4,000 in 2022. It also has agencies scattered throughout Brazil, which are neighborhood stores that deliver and receive packages. Thus, the company can meet a large demand from online consumers. The platform has a diversified ownership stake, with investors such as eBay, Goldman Sachs, Tiger Global Management, and Dragoneer Investment Group. It has also acquired stakes in other entities, such as Aleph Group, a digital media organization, and Grupo 2TM, the controller of the Mercado Bitcoin broker. It is the leader in market share in the e-commerce market in Latin America, with more than 76 million active buyers and more than 12 million sellers. The platform also offers financial services, such as a payment system that allows online payments, deposits, and credits. Its net worth in 2020 was $2.6 billion, an increase of 123% compared to 2019. Its total assets in 2020 were $7.2 billion, an increase of 95% compared to 2019. To conduct a more in-depth study of Mercado Libre, we will have to use some different charts. The first chart we will use is a weekly chart, where we can see how the company performed well in March 2020. It seems that the Nasdaq index and the Dow Jones started to work in an accumulation range, absorbing all the panic of Covid and causing the market to rise significantly. And it is no different with Mercado Libre, which also started a much higher rally than the fall it suffered at the beginning of the Covid-19 explosion. And it may seem little, but this fall from February to March caused the stock to lose 40% of its appreciation. Even more absurdly, after this major climatic event we had in 2020, the stock went from 596 to 1955, representing more than a 220% appreciation. With very good performance, also driven by the Nasdaq index, as the main technology index, during this period of 2021, technological products such as hardware, motherboards, graphics cards, and others had a high appreciation. Also, technology-focused assets, as the entity benefits greatly from technology. In this same weekly chart, we observe that in 2021 we had a drop to the blue 50-period VWAP range. The abrupt drop, which may seem little, took it from 1955 and went to 1393, returning to 1955 again, already in August 2021. We can also see that there are 2 blue candles in the weekly chart, and it forms a double top, which is a common reversal pattern in technical analysis. And until November, there was a lot of selling flow entering, starting the downtrend cycle. All this selling flow has a reason because these are The abrupt fall may seem small, but it dropped from 1955 and went down to 1393, returning to 1955 again, already in August 2021. We can also observe 2 blue candles on the weekly chart, in addition to forming a double top, which is a common reversal pattern in technical analysis. Until November, there was a significant influx of selling pressure, initiating a downtrend cycle. All this selling pressure has a reason, as it involves well-educated individuals with a lot of experience and academic background who dominate the market and know exactly what they are doing. In 2022, we experienced unusually high inflation levels, approaching those typically seen in developing countries. This was concerning, especially since the technology sector is sensitive to inflation, reflecting the overall devaluation of the free market. We can see it starting at 600 and then reaching the range of 1098, creating a range between 1110 and 1300. It's a peculiar range, starting as bullish but showing some absorption at this price level, with several tops formed around 1307. Also, the platform is in an uptrend channel, which initially wasn't favorable due to the stock market facing difficulties and various fluctuations, often dragged down by the technological index. However, with the triumph of the economist, Argentina's largest company benefited from this rally and seems poised for a significant increase, especially on the daily chart. From indecision, it now leans towards a bullish bias. Let's now look at the asset's evaluation. Currently quoted around 1000 USD, which is quite impressive for an Argentine organization, especially as it enters the Nasdaq Composite technology companies index, which speaks for itself. However, its current situation isn't favorable, reflecting the overall state of the stock market, as its scenario mirrors that of other companies on the American exchange. In addition to technical and fundamental analysis, we must also consider macroeconomic data from the U.S., which, to some extent, impacts the market, especially interest rates, having long-term effects and depreciating major assets in the American market. Apart from this company, there are 18 other Argentine institutions listed on both NYSE and Nasdaq. Despite the country's challenging and worrying economic situation, these companies have managed to progress amid the difficulties faced by Latin America due to various measures. Conclusion: Well, we don't know if the president will indeed implement all that he proposes, even though he is economically liberal. Managing a nation requires alignment in both politics and administration. Obviously, he will face challenges in politics too, given the diversity of congress members. So, the proposals he aims to implement over time will have challenges, likely generating opportunities in financial markets. We hope Argentina can overcome this crisis, as greater opportunities often lead to higher profits.
NASDAQ:MELILong
by Victoredbr
YPF (NYSE: YPF) Lead Argentine Stock RallyThe U.S.-listed shares of YPF SA (YPF) shot up 24.3% toward a one-month high in premarket trading Monday, as investors in the Argentina-based oil and gas company cheered the election of right-wing populist Javier Milei as the new president of Argentina. The stock's rally was part of a broad gains in share of other Argentina-based companies, as the Global X MSCI Argentina ETF soared 12.2%, to put it on track to open at the highest price seen during regular-session hours since Sept. 5. Technical Analysist Price Momentum YPF is trading near the top of its 52-week range and above its 200-day simple moving average. What does this mean? Investors have been pushing the share price higher, and the stock still appears to have upward momentum. This is a positive sign for the stock's future value.
NYSE:YPFLong
by DEXWireNews
Latest BTC analysis: The price continues to increaseToday, the BTC is continuing to consolidate significant price increases, with the current price trading at a high of 27,789 at the time of writing. From a technical perspective on the 4-hour chart, using the excellent tool from Trading View called Bollinger Band, it shows that the current trend is tightening, indicating a relatively stable trading environment with minimal fluctuations. However, there are signs that the price is approaching the lower limit of the Bollinger Band, suggesting that the next move for BTC could be a slight decline. This could serve as a stepping stone for a price increase, as the current upward trend is still functioning well.
INDEX:BTCUSD
by Karina_Bella
6
ASX: LEL - predicted $1.40, soon to be a lithium giant.Hopefully we close above the 50ema today, otherwise we'll be opening bellow it on Monday. I believe we've already broken out of our "bear" market. Using the Volume Profile indicator, I've found key areas where price reverses its trend. Every dip bellow the POC has been followed by large growth. Considering SP hit a 2 month gain of 104% after it dipped bellow the POC, it's safe to say the market is reacting to that and retail investors are taking profits. This is healthy market movement after a company doubled their MC. Now, SP is sitting at a very key level, perfectly sat within the .5 fib, and price action moving closely to the POC. A dip bellow it in my books really wouldn't be the end and could probably cause a huge jump in SP. The 2 Month POC is going to act as a level of resistance once price action moves closer, but breaking that will mean huge moves. Ghost trend isn't meant to represent expected SP movment, simply a guide to show current trend. (We've been moving up for months, clearly we're just looking at a healthy market retrace) $1.40 Level could see some heavily selling once reached due to past double top pattern at that level.
ASX:LELLong
by boiledpeas
Heavy Exports Weighing Down SoybeansSoybean is among the world’s most traded crop. It is used in various industries. Soybean drives global food prices. It can tilt trade balances of an entire nation. This paper describes the importance of Soybean. It lists key producers, consumer and maps the harvesting cycle across the calendar by top producing countries. Given rising Brazilian exports, higher US planting, and asset manager’s positioning, this paper articulates a case study for a short position in CME Soybeans Futures delivering a 1.3x reward to risk with entry at USc 1,452.5/bushel and target of USc 1,350/bushel hedged by a stop at USc 1,530/bushel. SOYBEAN IS THE WORLD’S MOST TRADED GRAIN Soybean is high in protein. Hence, it is a key component of livestock feed for meat & dairy production. Rising consumption of the latter two continues to push Soybeans demand. Two-thirds of Soybean is used for crushing into oil and meal. Soybean oil is among the most widely used vegetable oils. It is also used as biodiesel. The two American continents form 80% of global production. Brazil (42%) and the US (31%) are the two largest producers of Soybeans. Argentina is a distant third (7%). China drives demand. It is the largest importer of Soybeans. It comprises 60% of global imports. Soybeans is used to feed China’s massive livestock. Soybean prices are cyclical and prone to price shocks. HARVESTING CYCLE, WEATHER & TRADE POLICY HUGELY INFLUENCES PRICES Prices vary through the year. It is lowest at harvest. Increases during the year with rising inventory holding costs. Harvest seasons are spread differently across North & South America. US harvest is from September to November. While the Brazil & Argentina harvest from March until June. Not surprisingly, Brazilian and US harvest has an enormous impact on Soybean prices. Actual production deviating from expectations in these two majors can send prices surging or tumbling. Soybean prices since 2015 is visualised below. Prices have structurally moved up. Prices have surged driven by robust demand since 2020. Soybean prices on average have ranged 14% from its lowest to the highest over the last eight years with large price gyrations in 2016 and 2020. Price behaviour during and post-harvest since 2015 is visually described in the heatmap below. All things being equal, Soybean prices trend lower during harvesting followed by price recovery post-harvest. However, each year presents idiosyncratic conditions related to weather, trade policy, yield and output, causing price fluctuation. Beyond the harvest cycle, climate has a significant impact. North and South America is heavily affected by El Niño-Southern Oscillation which is a natural climate pattern causing hotter/dryer climate every three to seven years. El- Niño also elevates the chances of droughts and floods. Demand for Soybean Oil is also impacted by supply and demand of other vegetable oils like Palm Oil due to substitution effect. Global trade policy has a considerable influence too. Trade restrictions can disrupt global supply-demand balance, resulting in increased volatility. HIGHER PLANTING IN US, RISING BRAZILIAN EXPORTS, AND FALLING YIELDS IN ARGENTINA USA : In its recent Market Outlook, the USDA reported that US farmers were planning to plant marginally higher than last year but below market expectations. As per National Oilseed Processors Association (NOPA), soybean crushing spiked to a 15-month high and the second highest level for any month on record in March. The crushing pace jumped as processors bounce back from maintenance related downtime. Brazil : Soybean exports from Brazil surged 42.5% YoY during the first half of April. Bean prices have trended lower on larger than expected supply. Argentina : USDA reduced its forecast of Argentina’s soybean crop to twenty-seven million metric tons down from thirty-three million metric tons last month. Argentina’s soybean yields sunk to historical lows last week as per Buenos Aires Grains Exchange’s (BAGE) weekly report. BAGE warned that its projection, currently at twenty-five million metric tons, could be reduced if yield remains suppressed. COMMITMENT OF TRADERS REPORT Two-thirds of soybean crop is crushed into oil and meal. The crush spread, also sometimes referred to as simply the crush, refers to the difference between the value of soybean meal and oil and the price of soybeans. The “crush” is gross processing margin from crushing soybeans. As such, these three products are deeply intertwined. Asset managers have reduced net longs in all three contracts since the start of 2023. Intriguingly, asset managers have reduced net longs much more sharply for Oil and Meal relative to Soybeans. TRADE SET UP Four key drivers at play. First, rising supply from Brazil. Second, higher planting by US farmers. Third, bearish asset manager positioning. Finally, first three offset by marginal impact of lower yields in Argentina. In forming a holistic view, this paper posits a short position in CME Soybeans July contract. Each lot provides exposure to 5,000 bushels (~136 tons). Prices are quoted in U.S. cents per bushel. Minimum price fluctuation (tick) is one-fourth of one-cent. Therefore, every tick represents a change of USD 12.50 per lot. ● Entry: USc 1,452.5 ● Target: USc 1,350 ● Stop: USc 1,530 ● Profit at target: USD 5,125 ● Loss at stop: USD 3,875 ● Reward-to-risk: 1.3x MARKET DATA CME Real-time Market Data helps identify trading set-ups and express market views better. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs www.tradingview.com DISCLAIMER This case study is for educational purposes only and does not constitute investment recommendations or advice. Nor are they used to promote any specific products, or services. Trading or investment ideas cited here are for illustration only, as an integral part of a case study to demonstrate the fundamental concepts in risk management or trading under the market scenarios being discussed. Please read the FULL DISCLAIMER the link to which is provided in our profile description.
CBOT:ZSN2023Short
by mintdotfinance
mixing betting and tradingI didn't know an argentina fan token existed, I've just discovered it... however if you like mixing betting and trading you could argue that despite having a bearish chart, ARG can still push upward another day (sunday world cup will be over). I can't make up my mind whether it'll pump if argentina wins or dump anyway because of people "selling the news" but this is definitely a token to take a look at over the next 2 days. In the worst case scenario (for the token) it will be a great shorting opportunity. Check as well PSG token, since there's not a France token that one is attracting those who believe France will win. I don't like betting but I hope Argentina wins this final... you know, for Messi! Here you can check the 15 min chart: I'd long on that lower OB if I bet on another pump upward before the final. Good luck!
by Shotokhan
2
Congratulations Argentina!! Muchachos!!First of all Congratulations to Argentina for this achievement, Second above is a technical overview on Gold and the most important zone to watch. in this week we will be monitoring XAUUSD for a buying opportunity around 1780 zone, it's the seasonality for Gold late December to early 2023. as we noticed Gold performing positively late December in the past 20 Years. and we see it as a good option as it's considered a safe haven comparing to Stocks and other commodities. Remember to use Proper risk management especially when it comes to Metals as movements in metals are violent and strong compared to other forex pairs. and no matter how strong is the probability of your trade going your way there is always a probability to lose. So make sure to make your losing smalls and aim high using a good RR.
OANDA:XAUUSDLong
by JoeChampion
38
Argentine Football Fan Token (ARG) 🇦🇷Argentine Football Fan Token price today is $8.4 with a 24 hour trading volume of 13 million dollar. ARG price is up 4% in the last 24 hours and 100% in a month The ARG Fan Token allows Argentinian National Football Team fans to have a tokenized share of influence on club decisions, purchased through the consumer facing platform, Socios .com, fans can engage in a wide variety of club decisions for example, choosing a goal celebration song or deciding which MMA fighters should face off and in doing so, earn rewards and money can't buy experiences. Experiences like... having the opportunity to meet and greet with players of their favourite club, receiving VIP treatment at their favourite stadium & much much more. To obtain Fan Tokens, fans must purchase Chiliz (CHZ) Tokens via Socios.com which then can be used to buy ARG Fan Tokens CHZ is on its ATH and football fan tokens gets green one by one one thing you should consider that is, all fan tokens are like meme tokens and they are extremely volatile so never use high leverage or be a bag holder next targets are 9 and 10
Long
by moonypto
3
Who wins the World Cup📝This Sunday will be held the final of the World Cup, which will define a new three-time champion. Entering this mood, I researched the fan tokens of the finalist teams, Argentina and France. Argentina's token is traded on several exchanges, and was created via a Chiliz contract. France's token is traded only on PancakeSwap via Binance's blockchain, but it has a warning sign in the smart contract regarding security. 📈Argentina Trading Token: ARGUSDT Traded on exchanges: - bitget - OKX - Gateio - Huobi - Poloniex - Phemex 📈France Trading Token: FRAUSD Traded on exchanges: - PancakeSwap ⚠️ Disclaimer: 'token has a variable tax function on the smart contract to change tax rates post deployment. Do your own research and be careful if you are trading this token' (Coingecko) Unfortunately Brazil, my country, fell out earlier. May the best win.
Long
by andre_007
November 7 BTCUSD BingX Chart Analysis and Today's HeadlineBingX’s Bitcoin Chart According to Glassnode, the number of addresses holding more than 1 Bitcoin reached an ATH of 910,300. Bitcoin is down 1.04% over the last 24 hours and fell to an intraday low of $21,046.27. The largest cryptocurrency was trading slightly above the $21,000 price level during the weekend and broke above the 100-day moving average ($20,644) resistance on 04 November. This is the first time it has succeeded since September, and if the price sustains above the 100-day MA for another few days, it will become a strong support. If this happens, the BTC/USDT pair could rise to $24,000. Today’s Cryptocurrency Headline Argentine Fintech Uala Launches Crypto Trading Feature Argentine digital bank Uala has launched a cryptocurrency trading service, which is currently available to select users. Uala said it will offer the crypto trading feature in its app by requiring users to create an account with Uanex, a company within Uala's ecosystem, and can then use Uala's app to buy and sell Bitcoin and Ethereum. Uala has more than 4.5 million users in Argentina and also offers services in Colombia and Mexico. In August last year, Uala completed a $350 million Series D financing, led by Tencent and Softbank Latin America Fund, with a post-investment valuation of $2.45 billion. Disclaimer: BingX does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company. BingX is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the article.
by BingX