MUX: a decentralized derivatives market aggregator📜 Overview
The MUX Protocol Suite is a set of two components:
1. a decentralized leveraged trading protocol, offering zero price impact trading, up to 100x leverage, self-custody, aggregated liquidity;
2. a sub-protocol that automatically selects the most suitable liquidity route and minimizes the composite cost for traders while meeting the needs of opening positions.
Currently MUX is deployed on Arbitrum , BNB Chain , Optimism , Avalanche and Fantom .
In short, just as 1INch is to Uniswap , PancakeSwap , Curve , and other DEX, MUX is to GMX and GNS .
📈 Graphic analysis
The price is in an impulsive wave 3.
A possible entry would be after an ABC correction at $9.25.
If the price breaks the last historic high and rises wildly, expect a throwback.
The target on the 1.618 Fibonacci projection sits at $37.36, having a 167% upside potential.
Comparing this asset with others of the same class of derivatives, perpetual or futures (putting BTC together just to have a reference), we can see that this year the MUX token performed the best.
⚠️ It is worth mentioning that it is a highly risky and speculative operation, with an asset that is under the radar.
It still does not have trading on large exchanges, such as Binance and Coinbase for example.
Do your own research and take your risks.
MCB
Regional Banks Leading Market to Hell?Regional Banks have always led our economy during booms and during busts. You will note from this simple chart that one key trend line has measured our current secular bull market. Regional banks have remained above this trend line since it was first touched in 2009. Excluding March 2020 (Covid19), which is not valid data, regional banks have never dipped below with confirmation. My best guess is that if they do, it will spell the beginning of the end for the U.S. macroeconomy in its current secular bull run. Watch closely as regional banks are really flushing the toilets today. If not careful, they may also need a savior. Enter JPOW and the Fed for a surprised pause/pivot ...if so.
PacWest, NASDAQ:PACW : -36%
Western Alliance, NYSE:WAL : -31%
Metropolitan Bank, NYSE:MCB : -27%
HomeStreet, NASDAQ:HMST : -23%
Zions Bank, NASDAQ:ZION : -15%
KeyCorp, NYSE:KEY : -9%
HarborOne, NASDAQ:HONE : -10%
Citizens Financial, NYSE:CFG : -12%
Remember, of our four largest bank failures to date: Washington Mutual (-386 billion), First Republic (-$233 billion), SVB (-209 billion), and Signature Bank (-118 billion) ...three of these have occurred in the last 2 months ...and we ain't done yet, folks.
The true shitcoins are large centralized corporate banks. We must be ready to transition to an alternative currency solution. Enter Bitcoin/crypto. Be ready.
Best,
Stew
MCB 4h shortSetup: MCB has been in a tight range near its ATL for quite long time. It has finally broken down of its range and the OBV is also confirming this by the lower lows of the OBV
Entry: 3.595
Exit: 1 ATR above the 50 EMA( We will use this to trail our SL )
MCB 1h shortSetup: MCB is on a downtrend. Furthermore, the big red candle rejection off the 20 EMA confirm this.
Entry: 4.88
SL: Trail using ATR trailing stop loss value of 3.1. Current value is at 5.07
TP: 4.36
MCB 4h short Setup: MCB has been on a strong downtrend which is like my favourite coins from the past: OXY and MAPS. Thus, we will just ride the strong trend down. The MACD has also crossed over.
Entry: 4.07
Exit: Trail using 1 ATR above the 4h 20 EMA. There is no TP target as MCB is in price discovery mode
MCB DEX with margin trading. Unsure. Short term long maybe?Any body use this DEX?
MCB DEX with margin trading. Unsure. Short term long maybe.
Peso and Dollar Tap DancePeso has been Trumped by "Build the Wall". Mexico has conceded to work with US on Border "issues". Mexico lost Ford mfg to US because of Trump agenda and probably will lose more. Mexico hopes to arrange decent trade to counter effect.
Mexico Central Bank sold off dollars to stymie skid .
Meanwhile, speculators know that the Peso is squat .
I think the Peso is squat. Technically, the Peso is squat. Technically, we are due for a retrace and the classic Triple Tap Price Action may conclude. I look for a potential reversal from it when RSI is Your Friend .
Note: I mostly go long and buy breakouts on this pair, because your True Best Friend Is The Trend (and the Peso is still squat).