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+2.5% Quick Intraday play on EURNZDHi traders, THE STATEMENT Here you have a quick scalp idea on FX:EURNZD , using H1 for directional bias and M10 for execution. THE PLAY On H1 time frame, there is a bearish RSI Divergence forming since 14th of January 2022. However despite the RSI Divergence, there is no other confluences indicating a reversal (no Break of Market Structure or Lower Lows and Lower Higs ), meaning: We sit on our hands! On 18th January 2022, there is a clear Double Top forming (clear rejection between 10h00 and 11h00). To consider going short, we need the price to create a Lower Low and Lower High . For our trade execution we are looking for an entry on the 10 minute time frame . Price breaks our level and rejected it as well as EMA 21. Additionally candle closes as an Inverted Hammer . THE RESULT +2.5% for a quick intraday play that lasted 4 hours.
by cmacquet
YFI- Even its own creator says it has 0 financial valueDeFi boom as well as limited total supply (No pre-mining and supply increases as yield farmers providing liquidity by staking and lending their tokens) contribute to the supply/demand imbalance of YFI governance token, leading to the rapid appreciation. First of all, it has a comparatively minuscule total supply limited to just 30,000 coins. Second, over 60% of them are currently locked in various staking pools, according to data scientist Alex Svavenik. Andre Cronje, software engineer who built yearn.finance and created YFI governance token, intended for YFI to be a valueless 0 supply token. "We reiterate, it has 0 financial value” as he wrote in his blog. However, that didn't stop yield farmer from pumping YFI to the outer stratosphere as it jumped 270% in 5 Days. Treat it as a speculative coin and short-term swing trade it (No need to hold it for more than a week) on the 1hr time frame.
by Libratus
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