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Kong

Luna to the Moon, then Moon to the Earth?luna fell from ~$100 usd and stablize around ~$0.0001, around 1/1,000,000th of the price. supply of token grew from ~1B -> ~10T. the inflation alone doesnt account for the drop. loss of trust in the community and diddy kong likely results in the delta. the token went even lower for a brief period before becoming quiescent. dew pont has failed as a founder in many such cases, and this isnt his first rodeo. the ust derivative asset is backed by a principal asset guaranteed to shrink in market cap during a bear market, exactly when people want to move into stable coins. when the market cap of the derivative is higher than the principal that is similar to there being more usdt or usdc than us dollars in existence. this results in a positive feedback loop where a malicious actor can cause an imbalance extract the delicious equity from the principal asset through a reward mechanism or through shorting it. the above is what dee dee was warned about on twittler, the soy social media application. he decide to ignore and mock the poster which probably seal his fate. twitter.com many peoples believe kong was in on this scam, but i dont think so. he is not smart enough to do this and his hubris would not allow him to do so. he even named his baby after this shitcoin. twitter.com --- current state of affairs --- the block chang was stopped many times, now devs have patched it to remove the ability to mint and burn luna and ust github.com the future of luna rests in the hands of how the community handles recovery. there are 2 core choices. 1. the vitalik route: fork the blockchain and revert transactions, pathetically attempt to restore everyones money while double rewarding people who sold. unlike ethereum, lose the support of all holders and backers, including binance ceo. chain dies and project dies. 2. the buyback and burn route, explained bestest with this proposal: agora.terra.money if you think they will do the first choice, you should sell, otherwise you should buy. buyback and burn means a potentially large return esp for dip buyers. however buyback and burn requires capital which nobody would want to loan to incompetent du known. circle and usdt want this algorithmic ponzi to fail more than anybody, and the chain itself is a tendermint clone with nothing innovative on it. i think that du known will come to his senses and attempt the second option but nobody will give him money, and then he will try to fork and everything will die. but before that i think big pomp. but before that it might dip. i spread buys and sells across 0.005 and 0.0001, with some extra in case it really moon through a bailout (probably not). also dont expect exponential droppa because minting new luna has bean disabled by the coderinos good luck frens
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by coinhoIio
1
$WAVES way to $10 and beyond WAVES/USDT 4H WAVES has been showing tremendous strength lately on lower timeframes. It has been moving with a consistent higher low and especially holding the major key-area of support, which is vital for the continuation of WAVES. Currently, it is approaching a key-area of resistance, which can be seen as a range high. The MKAST Algorithm provides support with a bullish condition, such as the MKAST Index, which is continuously making higher lows and giving WAVES the strength that it needs to break the key-area of resistance. WAVES/USDT 1D WAVES' strength on the lower timeframes can also be seen on the higher timeframes, which are just showing bullishness all over the place. The current HTF structure for WAVES looks like an ascending triangle and is leading up to a possible breakout. The higher lows and holding the mentioned key-area of support are seen here just as well, and this goes into a combination of the MKATS Algorithm, which is showing a bullish condition. The MKAST LenLen Ribbon provides moving support for the price, which could any time decouple from the ribbon and start a strong move to the upside. The MKAST Index shows 8/15 points, which is considerably low for the structure WAVES is in and leaves much room for growth, especially for the breakout, which seems imminent. All in all, there is excellent potential for WAVES if it breaks out and turns the mentioned key-area of resistance into support. Even a price discovery is not out of the books, should this break out anytime soon.
WLong
by KongTrading
3
HONG KONG UNDER RESISTANCE AND LOOKS BEARISHHello Traders, Hong Kong is going through some troubling times right now. To summarize very briefly, Hong Kong has been its own entity for some time with its own legal systems, boarders and rights but due to legal agreements China wants to take back Hong Kong as part of China. This is a crude summary of events. This is causing friction between Hong Kong and China and there have been violent protests for several months over the current situation. Hong Kong property market is also one of the most expensive in the world. Due to the current climate of uncertainty and looking at the chart of the Hong Kong top 50, it looks very bearish to me. Price has dropped out of a large descending triangle, that H+S dumping price to below the major support/resistance level. Price looks like its trying to break resistance but I think with whats going on right now it wont. Quite simply if the price breaks resistance, holds resistance and moves up then that will make my bearish stance invalid. But because I am bearish I am looking for weakness here. Repeated failures at resistance means the price will be going lower.
FOREXCOM:HK50Short
by WickHunter
TSLA's Dip + 1.2 Million Mile Battery?First off, please don't take anything I say seriously or as financial advice. As always, this is on an opinion based basis. That being said a Tesla supplier just announced a 1.2 million miles lasting battery. This is huge news at it shows that EVs are trying to definitely (as we already know) outcompete the big players in terms of lifecycle of the car and investment value (trying to shrink depreciation rates in comparison to other cars). I'm bullish long term.
NASDAQ:TSLALong
by gamer456148
4
$BIDU: Trumps First Target to DeslistThe rally at the end of this Friday's close was systemic. It was the news that the U.S. president (after the markets were already in anticipation as he had tweeted there would be significant news). The press conference was not positive. The things that came out of it was both anticipated and expected, which is what the markets are operating on right now. They anticipated that the U.S. would begin to win back exceptions from Hong Kong as a semi-autonomous trading partner because of Chinas move to consolidate power under grounds of national security. There was also mention of delisting Chinese companies on the American stock exchanges, which would be huge for companies such as $BIDU.
NASDAQ:BIDUShort
by TayFx
Wynn Macau Ltd HK 1128 Casino Top Pick Testing RangeWynn Macau Ltd HKG: 1128 Fundamentals: Since 2018. Wynn Macau is one of the one casino in Macau to capture most of high-roller gambling activity, consistently leading Macau on the VIP drop. Galaxy and Wynn contributed to close to 45% to the VIP volume. Why VIP Volume? Investors place heavier emphasis on main revenue driver, revenue numbers, which are mostly generated from VIP segment. Macau long term growth Wynn recent upgrade to BUY RATING at Jefferies is giving it a boost with PT 23.80 after Goldman Sachs upgrade the stock in early April Technicals: Just Friday, 12 Apr, 50 DMA rose above 200 DMA and 50 EMA crossed 100 EMA. Golden cross shows no sign of reversing for now while a long flag formation is formed. Resistance : 22.0 Support : 20.70
HKEX:1128Long
by Iapiew
USD/HKD 1D Chart: Set for new heightsAll signs on the USD/HKD chart indicate that the pair is set to clearly continue the long term surge of 2017. Although for the last half a year there was a retracement happening, the pair has touched the lower trend line of the 2017 up pattern and formed a junior channel up pattern, which has been guiding the currency exchange rate higher for the past months. In addition a short term pattern can be seen on the smaller time frames. However, the currency exchange rate will still need to pass the upper trend line of the still active medium sized channel down pattern.
Long
by UnknownUnicorn890690