Finance
CADJPY H4 - Long Trade SetupCADJPY H4 - Been a bit of a slow pair this week. Failed to break much above 80.300 this week, this being the key price (neckline) to break. 80.000 keeps holding as support which is good, so be interesting to see if CAD retail sales spurs on CADJPY upside... Data up in 20 minutes!
GBPAUD H4 - Short SetupGBPAUD H4 - Still trading between the S/R range, approaching resistance at the moment, may want to look for reversals to then trade back down to support. 30 minutes until H4 close. Selling from resistance was calculated at just under 1:3 yesterday, ultimately depends on entries etc.
YFI - DeFi world is crazyTotally madness, YFI token price is almost like BTC. Thanks to Yearn Finance and a lot of yield farmers token price is mooning. I thought it was overvalued at $4000 but I don't even know what to think now. Call me crazy but I think this bubble may continue to inflate while liquidity in Yearn Finance pools continue to grow.
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Information is just for educational purposes, never financial advice. Always do your own research.
ETH run still not over. Short term target $470ETH run still not over
Levels,
White=Monthly
Purple= Weekly
Red=Daily
The monthly level at the bottom of the crash at 360 broken and closed above.
Monthly level from the top of the first wave at 419. Not yet closed above on the weekly but if you go to the daily chart, its rejected off that level perfectly with a long tail.
If we can see a weekly close above 420, the next monthly target is $831.
The next weekly targets are $470 and $555.
With the hype building around DeFi and mainstream adoption, this is definitely not out of the cards + The Stock market is closed on weekends to gamble stimulus money.
At the moment, it's run up too hard and expect some consolidation before running up again.
MACD rising on the weekly as well.
Bullish moving averages
I hold ETH. Perhaps, not enough.
$XRO:ASX - XERO LIMITED - Up 115% for the yearXERO has been a great little runner over the last 12 months on the ASX and starting to look like challenging the $90 mark and then onto $100 with any luck. RSI still indicates plenty of value left and it is such an embedded finance / accounting system across most small businesses in Australia that it could well be worth a look.
Xero Ltd. engages in providing online business solutions for small businesses and their advisors. The company founded by Rodney Kenneth Drury and Hamish Edwards on July 6, 2006 and is headquartered in Wellington, New Zealand.
EURJPY H4 - Long Trade SetupEURJPY H4 - Clear consolidation (pennant) seen here on EJ. Nice strong rally with minor pullbacks from 120.300 to 124.300, now starting to see some accumulation/consolidation, gearing up for the next breakout. Bullish pennant, typically expect a bullish breakout. Generally seen as a continuation pattern, but if you wait for the break and retest, you're able to trade either way.
$WZR: Fintech hype+ Solid uptrendFA,
- FinTech Revolution (WZR left behind while the punters bet on BNPL)
- Loan origination spikes 48% in June 2020. Consistent uptrend
- Wisr Ecosystem up 52%
- 42.4 Million in Cash
- Great vision: Improve financial wellness in Australians.
- Strong support from NAB
- Good management team including CEO Anthony Nantes
- Cool name and logo ( It’s vital for long term success, Ask Peter Lynch)
TA,
- 5EMA and 10EMA above 150EMA
- Bottom trendline of Strong uptrend
- Ascending triangle( WZR has historically broken out higher from ascending triangles)
- Volume consolidation
- Strong monthly level support(white)
- RSI not overbought (RSI<50)
Give me Green my Lord !Well a lord will help when you set your theory practice right. In the above analysis the pink box was support cum resistance which seems to have become a weak resistance point and can be a point of breakout spurt. Do check the volume for confirmation with price action
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Zillow Group $Z$Z is very close to the pivot has been trying to break since 2018. watch for a breakout $66.44 with high volume.
12 months Consensus Price Target: $62
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