Value
Is there room for gold to continue to fall?Although the weakening of the U.S. dollar has provided support for gold prices to a certain extent, because the dust has settled on the acquisition of Silicon Valley Bank assets by First Citizen Bank, European and American bank stocks have risen sharply, suppressing the market's risk-averse demand for gold. Investors have scaled back safe-haven trading and turned to riskier assets. U.S. bond yields and U.S. stocks have risen, and gold is under further selling pressure.Judging from the recent trading days, the gold price has repeatedly surged above the 2000 mark and then fell back. The morale of the bulls has been obviously frustrated. Investors need to beware of the possibility of gold price shocks reaching the top.
Judging from the recent trend of gold, the high point began to show signs of M-head regression, and the short-term pressure fell back, and the continuous touch of the high point failed to continue, becoming a short-term high pressure zone.Although the upper side is under pressure, it is difficult to reverse the trend and become a unilateral downward market in a short period of time. Here, a range-oscillating market may be constructed.For the intraday market, pay attention to the suppression of the upward rebound in the short term. If the yellow metal is under pressure and stagnates, you can go short at a high level and continue to look down.
In the short-term operation, the rebound can pay attention to the pressure on the first line of 1973-1974, and the support can first look at the recent low of 1935.
Short-term trading reference: sell gold at the 1969-1970 position, stop loss level 1974, take profit level 1960-1955
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PCHEM
Big cap company
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Gold bulls are brewing the next round of outbreak?Although the gold price yesterday did not reach the first line of 2010 that I expected, it reached the highest line of 2003, and it was only 7 US dollars away from the expected position of the first line of 2010.After gold surged to the 2003 line yesterday, it fell back in shock, and the market was gradually digesting the Fed's previous hints that it might suspend interest rate increases.But the market will continue to pay attention to whether the banking crisis spreads further.In addition, the increasingly tense geographical relations will also provide strong support for gold prices.
Judging from the current trend of gold, the gold price has fluctuated and fallen. It can be seen that there are a lot of selling at the 2000 position, which also shows that there will still be repeated market washing near the 2000 position.From the technical structure point of view, the current short-term gold price is too fast, so there is still a need for correction in the short-term, so the technical structure supports the repeated washing of gold prices.But on the whole, the upward trend has not changed, so until the trend has not changed, we can continue to maintain a bullish thinking.
In the short-term treatment, the top focuses on the pressure of the recent high of 2010, and the bottom focuses on the support near 1980.
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Why to follow 🌉Arbitrum🌉 (ARB)❗️❓As I have said before, I evaluate crypto projects based on various factors.👇
I have already introduced each of these factors with a brief explanation, so today, I will be looking at Arbitrum (ARB) , which will launch on Binance exchange on March 23rd. That is tomorrow.
🔥Let’s get into it:
🔰🔰🔰🔰🔰🔰
✅ Projects Goals : Technically, Arbitrum is an optimistic roll-up on Ethereum. To put it more simply, it is a suite of scaling solutions that provides faster speeds at a significantly
lower cost, with the same level of security as Ethereum. Since Ethereum users were very inconvenient during the last bull run due to the ridiculously high gas fees they had to pay, Arbitrum and other Layer2️⃣ scaling solutions became extremely necessary for the growth of user adoption in DeFi. That is why I have scored Arbitrum’s goals 10/10.
✅ Founders : Arbitrum is built by a company called Offchain Labs. Ed Felten, Steven Goldfeder, and Harry Kalodner are the co-founders of OffChain Labs🔬 and hence Arbitrum. Ed Felten is a computer science and public affairs professor at Princeton University. Steven Goldfeder has received a Ph.D. in philosophy from Princeton University, where he also worked at the intersection of cryptography and cryptocurrencies. Harry Kalodner also holds a Ph.D. in Computer Science from Princeton University. The co-founders' academic level and work experience made me score a 10/10 for the Arbitrum founders.
✅ Github : Since the founders are experienced computer scientists, users who are not tech-savvy don’t have to worry about Arbitrum’s code. The team is constantly working on updates to improve the Arbitrum networks🌐 making them easier to use with faster and cheaper transactions. But since there is still much more room to grow, the experts at I have scored Arbitrum’s Github 9/10.
✅ Inflation Rate : Arbitrum's $ARB token has a total supply of 10 billion and a maximum annual inflation rate of 2%. This is a decent inflation rate, so I have scored $ARB’s inflation rate 8/10.
✅ Community : Arbitrum’s user base mainly consists of OG Ethereum users who often transacted on Ethereum and started using Arbitrum due to the high gas fees. The Twitter account of Arbitrum has more than 610K followers👨🦰, and their Discord channel has more than 320K members. Also, with the launch of $ARB on March 23, the governance of Arbitrum starts, which enables the community to make decisions by themselves to grow the community further. This is why I have scored Arbitrum’s community 9/10.
✅ Whitepaper : Arbitrum’s whitepaper clearly states the project’s vision to the readers: providing scaling solutions to increase transaction speed and lower costs while staying as secure as Ethereum. The Arbitrum team has achieved many milestones till now and continues to do so, like the upcoming governance launch. This is why I have scored Arbitrum’s whitepaper 10/10.
✅ Developers : Since Arbitrum was founded by experienced computer scientists, the devs building Arbitrum are top quality which can also be realized by the number of projects building their DeFi protocols on Arbitrum. This is why I have scored Arbitrum’s developers 9/10.
✅ Tokenomics : The $ARB token distribution is as follows: 11.62% is airdropped to individual wallets, 1.13% is allocated to DAOs in the Arbitrum ecosystem, 17.53% goes to investors, 26.94% is allocated to the team, and future team, advisors, and the remaining 42.78% stays in the DAO treasury which can be governed by $ARB holders. This is an extremely fair token distribution, with the founding team receiving less than 30% of the total supply, so I have scored Arbitrum’s tokenomics 10/10.
✅ Venture Capital Investors : Arbitrum has a long list of VC investors, including Pantera Capital, Coinbase Ventures, Alchemy Ventures, and many more, which shows the credibility and the great vision of Arbitrum. This is why I have scored Arbitrum’s VC investors 10/10.
✅ Competitors Comparison : Arbitrum is one of the largest roll-ups providing scaling solutions for Ethereum, with over 3.5 million unique addresses on Arbitrum. But as an optimistic roll-up, Arbitrum faces heavy competition from other optimistic roll-ups like Optimisim and even ZK (Zero Knowledge) roll-ups. Each roll-up has its pros and cons, but without getting into the technical details, I have scored Arbitrum 8/10 in terms of competitor comparison.
⚠️ The overall score for Arbitrum is 9.3/10, which is an excellent score when evaluating a crypto project. But always remember that crypto tokens are generally risky assets that often face major volatility.
So you must do your research and even consider talking to an advisor before investing🤑 in any crypto project.
Gold prices are higher and are expected to hit 2010 points againDue to the Federal Reserve's hint that it is about to suspend interest rate increases, and Yellen's speech created a warming of bank risks, gold today continued yesterday's rally and edged higher again.The overall trend showed an incremental increase, reaching the highest level of 1983.7.
Judging from the trend of gold prices, yesterday's daily gold line closed as the mid-yang line, recovering all the mid-yin K-lines of the previous day. After the daily double-yin adjustment, the positive K-line recovered, and there were slight signs of a stop in the short-term, and the local area will temporarily enter a high level of volatility.It may remain in the high range and pull the saw back and forth, entering a daily-level shock correction.
Judging from the 4-hour level chart, the current short-term support is relatively firm, and the upper side is initially facing the first-line pressure of 1985, and the lower short-term support is on the first-line of 1965.Judging from the fragile sentiment of the market, gold still tends to rise. If it effectively stands above 1985 in the process of rising, the gold price is expected to hit the recent new high near the 2010 position again.
In the short-term treatment, the lower support is near 1965, and the initial pressure above is near 1985.
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Take advantage of Bitcoin's current transactional opportunitiesBecause it was too late to write a specific analysis just now, I reminded everyone in my channel to short the current price of Bitcoin. Then friends who keep up with the pace of trading, Bitcoin is basically shorting at the position above 28600.
Let me give you a detailed analysis of why Bitcoin is shorted in the short term at this position.Judging from the recent trend, the daily line has had an upper shadow line on the closing line for 6 consecutive trading days, proving that the upper pressure is strong enough.It is difficult to make an effective breakthrough upward in a short period of time, and yesterday's negative K-line proved that even if the currency price wants to continue to break upward, it will take a certain amount of time to make a pullback correction so that the currency price can accumulate upward momentum.
On the other hand, the price is overbought, which may also lead to short selling in the short term, thereby suppressing the price of Bitcoin.But there is strong buying support below. So here I think that Bitcoin will have a certain pullback and correction trend at least in the short term.In this regard, we can fully seize short-term trading opportunities to obtain benefits.
In the short-term processing, the pressure of 28700-28900 is concerned above, and the support of 27800-27300 is concerned below.
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Gold price bears regain control of the market?Philip Fisher once said that investment inevitably depends on luck in some places, but in the long run, good luck and bad luck will balance out, and continuous success must rely on skills and the application of good principles.
At present, the main rhythm of gold is still heavily affected by fundamental emotions, and the short-term technical trend is not expected to prevail, but technically it is still necessary to pay attention to and predict the position.
For the current market, gold has fallen into a consolidation stage after falling from its high, and the intraday upward movement has stagnated, so the current market may be further repaired and adjusted at a small level, and seek stronger support downwards.The current neckline resistance is in the 1960-1965 area.
Judging from the current strength of the rebound, the current risk aversion has cooled down, and short-term pressure measurement from 1950 to 1953 may be relatively difficult. It is very likely that it will be adjusted again after a short rebound, and the current short-term support is near the 1930 line.
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Dovish interest rate hike, good harvest in gold trading!The Federal Reserve is dovish and raised interest rates by 25 basis points as scheduled, and gold's short-term increase has expanded to more than US220, reaching as high as 1966.55.In just a few minutes, have you grasped this wave of huge profits?
Before the interest rate decision, I have reminded that the limit price is set around 1945 in advance to order a buy, the take profit is set to 1960, and the stop loss is set to 1942. Only use the loss space of 3 US dollars to gain a profit space of 15 US dollars.Obviously, we got a profit of 15 US dollars.
Why is it necessary to set a limit price in advance to order to buy instead of choosing to sell?I give the following reasons:
1.Due to the spread of the banking crisis and the credit crisis, it is impossible for the Fed to choose to raise interest rates by 50 basis points, otherwise it will cause concerns about the global economy and exacerbate panic; therefore, the Fed will choose to raise interest rates modestly or not, and dovish interest rate increases will support the rise in gold prices.
2.Even if the Fed chooses to raise interest rates by 50 basis points, it will cause concerns about the global economy and the spread of panic will promote the inflow of funds into safe-haven asset gold, so gold will continue to rise after a short-term decline.
3.In addition, multiple supports below the technical side are strong, and there is limited room for gold to fall. After the recent decline, gold has a need to repair and rebound.I don't know how to analyze the technical aspects in detail. You can choose to take a look at the analysis of the previous article.
Based on the above, that's why I chose to set a limit price near 1945 in advance to order a buy, and of course I also achieved good results.Have you kept up with the pace of trading?
In order to facilitate everyone to continue to follow up on my analysis and sharing, you can like and follow me; in addition, I will share the daily real-time strategy in the channel. If you can't follow up in real time, you may make operational errors.You can use the following methods to enter my channel for free to follow the latest news and follow up on market trends in real time.
The price of Bitcoin is brewing the next upward trendJudging from the recent trend of Bitcoin, it has been dealing with narrow fluctuations. It seems that the pressure on the top is relatively strong, making it difficult for Bitcoin to break through effectively in the short term, and the long-term ability seems to have been consumed.
In fact, from a cyclical point of view, since Bitcoin rose from the 19550 position, many times on the way up, it will make certain retracements or pauses to consolidate the bottom foundation to support Bitcoin to continue to maintain its upward trend.Although Bitcoin has paused recently, the short-term low is constantly rising, and in the process of testing the low, it has not destroyed the upward trend, so the current trend of Bitcoin is still healthy.
So overall, for Bitcoin's recent narrow volatility treatment, it is very likely that the next upward trend is brewing, and it is expected to hit the 30,000 position.In the short-term treatment, the lower support is near 27900-28000, and the initial pressure above is at the 29000 integer mark.
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USD/JPY market forecast and trend analysisDue to the significant decline in US bond yields, investors have been prompted to bet that it will be difficult for the Federal Reserve to raise interest rates further. The peak of US dollar interest rates is expected to come. It seems that the pressure on the yen in terms of interest spreads is being lifted, and the yen has once again returned to a clear strong return posture.
Judging from the trend, USD/JPY is currently under pressure in the trend channel, and has recently fallen under pressure here many times, supporting USD/JPY to continue to fluctuate in the downward channel, thereby increasing the possibility of the pair approaching the next bearish target near 130.
In addition, USD/JPY has fallen under pressure many times near 132.65, which has consumed the upward momentum to a certain extent. When market psychological pressure is formed, some subsequent selling orders may trigger short-selling to make up for it, and push USD/JPY to open a market to make up for the decline.
In terms of trading ideas, USD/JPY: You can enter the market with short orders near 132.65 in small batches, and the short-term target is near 131.
In order to facilitate everyone to continue to follow up on my analysis and sharing, you can like and follow me; in addition, I will share the daily real-time strategy in the channel. If you can't follow up in real time, you may make operational errors.You can use the following methods to enter my channel for free to follow the latest news and follow up on market trends in real time.
Bitcoin: Can the bulls hold on?Judging from the current trend of Bitcoin and the overall market sentiment, the pressure level of 28,500 above is too strong to break through in the short term. There is a need for Bitcoin to withdraw, but the 27,000 below is still the key support for Bitcoin.Yesterday, Bitcoin broke through the recent high and stood near 28472, and then retreated to near 27300. It seems that Bitcoin will be trading sideways at least in the short term.
At present, the Bitcoin price is oscillating back and forth at a high level, and the pressure above is strong, making it difficult to break through in a short period of time. Even if the Bitcoin price can continue to rise, it will at least need to be confirmed by stepping back to accumulate upward momentum during the rise, so there is a demand for retracement in the short term.
On the other hand, the supply of Bitcoin on exchanges has increased significantly in the past week or so, which may also mean that BTC may face selling pressure.
In the short-term treatment, the lower support is near 27500, and the initial pressure above is near 28500.
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Valuing a stock - ROIC/PE - an interesting ratio
As I am both a longer term and shorter term investor and trader the notion of the best way to estimate if a stock is undervalued or over valued interests me. There seem to me a number of ways to go about doing this but I was interested to see if I could combine two traditional metrics that people look at into one measure and see if that told me anything interesting.
The two measures I am interested in are P/E ratio - typically used as an indicator of whether a stock is under or overvalued in terms of its price to earnings and of course sometimes reflecting also the expectancy of future earnings growth or reduction.
The second measure I was interested in is ROIC - Return on Invested Capital - a fairly good measure of how well a company martials the capital it has invested into producing returns.
So I decided to start checking a ratio of these two measures for a series of companies.
The ratio I am using is ROIC /PE.
When price goes up if EPS and ROIC are same then this ratio goes lower - and vice versa.
When ROIC goes up if PE and EPS are the same then this ratio goes higher - and vice versa.
When EPS goes up if ROIC and Price are unchanged then this ratio goes higher - and vice versa.
When PE ratio goes up then this ratio goes lower - and vice versa.
I found an interesting interplay of these factors across a range of stocks and ratios varying from below 1 up to in the twenties.
I'm still thinking about what this ratio is really telling me.
Here are two current examples which were correct for prices I think it was early last week.
NVDA
ROIC 12.3 PE 137 ROIC/PE RATIO - 0.09
ON SEMICONDUCTOR
ROIC 22 PE 18.23 ROIC/PE RATIO - 1.22
Based only on this ratio and looking at the ratio for various other stocks then NVDA looks very overvalued compared to say ON Semiconductor. Some stocks cam out with really high ROIC/PE ratios and its left me wondering if these are stocks that are really undervalued.
Of course the confounding factor in this that a high PE may be there because of expectations for strong future growth. But you'd have to have really strong growth in either ROIC or EPS - or a drop in stock price - for NVDA to come into ratios more like other stocks.
Im interested in any thoughts people have on this ratio as a pointer to overvaluation or undervaluation of a stock.
Thanks. ( Its my first public post - be gentle lol.
Safe-haven buying may push gold prices to new heightsDuring the Asian session on Monday (March 20), gold bottomed out and rebounded. It had previously fallen to around US 1,968.18 per ounce due to technical adjustment needs, and over the weekend the Federal Reserve and the Bank of Canada, the Bank of England, the Bank of Japan, the European Central Bank and the Swiss Central Bank jointly took coordinated actions to enhance market liquidity. UBS agreed to acquire Credit Suisse, which once cooled risk aversion, but this optimism quickly subsided, and buying on dips helped gold prices reverse their decline, and they are currently trading near US 2,000/ounce.
It is expected that gold prices will continue to be supported by safe-haven buying, and the market is also paying attention to the Fed's interest rate decision to be released this week. The market expects to raise interest rates by only 25 basis points. The wording is difficult to be hawkish. It may pave the way for the next meeting to suspend interest rate increases. The market expects the Fed to cut interest rates before July, which is also expected to provide opportunities for gold prices to rise further.
Judging from the trend of gold, it is currently in a unilateral upward momentum. At present, the gold price has exceeded US 2,000/ounce, and the strong bulls have sufficient strength. In the absence of a greater weakening of the bulls, the short-term structure still maintains long expectations.If you change the bullish expectations of the bulls, it will require a greater reverse operation or obvious market news impact. Therefore, the short-term structure will still maintain the long-term expectations. Before there is a clear short signal, it is not easy to change the direction of the trend structure.
In addition, the intraday chart shows that the weekly trend point is above the 5-day moving average of the daily cycle 1960. As long as it does not fall below the support of this point, don't think that gold can have room for a sharp decline.For the intraday market, gold did not continue the rise at the end of Friday at the opening of the market, but fell back and adjusted. The current lowest is near 1968. Since the decline is not strong, then in the short term, the 1968 line supports bullish, and can be adjusted upward appropriately.
In order to facilitate everyone to continue to follow up on my analysis and sharing, you can like and follow me; in addition, I will share the daily real-time strategy in the channel. If you can't follow up in real time, you may make operational errors.You can use the following methods to enter my channel for free to follow the latest news and follow up on market trends in real time.
GBP/USD: The weakness of the US dollar fuels the British poundToday GBP/USD continued Friday's rally and hit its highest level in 5 weeks at 1.2250.As investors reassess the possibility of the US Federal Reserve keeping policy interest rates unchanged at its upcoming meeting, the broad weakness of the US dollar helps GBP/USD maintain its advantage.
Risk sentiment dominated the market in early Asian trading hours as the market reacted to the news that UBS Group agreed to acquire Credit Suisse Group.More importantly, the Federal Reserve has resumed daily swaps with the Bank of Canada (BoC), the Bank of Japan (BoJ), the Swiss National Bank (SNB), and the European Central Bank (ECB) to provide additional liquidity when needed.
The positive impact of these developments on market sentiment is still short-lived.The sharp decline in U.S. Treasury yields shows that investors are repricing the Fed's policy outlook.According to CME Group's FedWatch tool, the probability of the Fed raising interest rates by 25 basis points on Wednesday has fallen to less than 50%.
The British FTSE 100 index fell more than 1% at the beginning of the session, and U.S. stock index futures fell 0.4% to 0.8%, reflecting a risk-averse atmosphere.
Nevertheless, in the current environment, the dollar seems to have lost its attractiveness as a safe harbor.As investors become more and more worried about the deepening of the global financial crisis, they avoid betting on the Fed's active policy tightening, which will lead to a weakening of the dollar, which will lead to a strengthening of GBP/USD.
In the trend of GBP/USD, the effectiveness of breaking through the downward channel has been established, and a new upward trend is being re-established. In order to determine the effectiveness of the uptrend channel, GBP/USD will also step back in the short term while maintaining a good upward trend.While GBP/USD maintains its advantage, the effectiveness of the support at the top and bottom conversion position of the 1.220 line below can be determined. Therefore, the current support below is at the 1.220 line, while the initial resistance above is at the 1.227 position, and the strong resistance is at the 1.230 position.
In order to facilitate everyone to continue to follow up on my analysis and sharing, you can like and follow me; in addition, I will share the daily real-time strategy in the channel. If you can't follow up in real time, you may make operational errors.You can use the following methods to enter my channel for free to follow the latest news and follow up on market trends in real time.
The three most worthwhile potential coins to invest in in 2023Today, I will reveal what I think is the best cryptocurrency portfolio in 2023.I think this portfolio will be the best altcoin in 2023.
1.Arweave (AR)
Arweave is a Blockchain-based decentralized platform that provides a permanent and tamper-proof data storage solution.It was launched in 2017 by a group of developers led by Sam Williams.The platform aims to solve the problem of data persistence by providing a cost-effective permanent data storage solution that is accessible to everyone.
A key feature of Arweave is that it uses a new consensus mechanism called proof of access (PoA).This mechanism is designed to be more energy-efficient than traditional proof-of-work (PoW) or proof-of-stake (PoS) mechanisms, and also allows faster transaction times.The working principle of PoA is to require nodes to prove that they have stored a certain amount of data on the Arweave network in order to participate in the consensus process.
Arweave also has a unique economic model designed to motivate data storage on the network.The platform uses a local cryptocurrency called AR to pay for storage.AR is also used to reward nodes that participate in the consensus process, which helps ensure the security and reliability of the network.As of March 2023, AR has a market capitalization of more than 1.5 billion US dollars.
A significant use case of Arweave is the creation of a decentralized social media platform.Since the data stored on Arweave is permanent and immutable, it provides a feasible alternative to traditional centralized social media platforms that are vulnerable to censorship and data leakage.
In short, Arweave is a blockchain-based platform that provides a cost-effective permanent data storage solution.Its unique consensus mechanism and economic model have helped it gain attention in the blockchain community, and have the potential to revolutionize the way we store and access data in the future.
2.Chainlink (LINK)
Chainlink (LINK) is a decentralized oracle network designed to connect smart contracts to real-world data so that they can interact with the outside world in a safe and reliable way.Launched in 2017, Chainlink has quickly become one of the most popular blockchain projects, with a market capitalization of more than US10 billion as of March 2023.
The idea behind Chainlink is to solve the trust problem in smart contracts.A smart contract is a self-executing program that runs on the blockchain and is designed to be executed automatically when certain conditions are met.However, these conditions are usually based on data outside the blockchain, such as stock prices or weather data.In order to ensure the accuracy and immutability of this data, smart contracts need to rely on oracles.
The oracle is a third-party service that can provide the data required for the execution of smart contracts.However, these oracles can be centralized, which means they are vulnerable to manipulation or attack.Chainlink tries to solve this problem by creating a decentralized oracle network that can provide reliable and secure data for smart contracts.
Chainlink works by connecting smart contracts to multiple nodes in its network.These nodes are operated by independent operators, who are motivated to provide accurate data by earning LINK tokens (the native cryptocurrency of the Chainlink network).When a smart contract needs data, it sends requests to multiple nodes in the network.The node then provides its own data, which is aggregated and verified by the Chainlink protocol to ensure accuracy and consistency.
One of the key features of Chainlink is its ability to provide data from off-chain sources (such as APIs and Web services).This means that smart contracts can be connected to a wide range of data sources, including traditional financial markets, weather services, and social media platforms.
Chainlink is also very popular in the field of decentralized finance (DeFi), it is used to provide reliable and secure price information for various DeFi protocols.This price information is essential to determine the value of various assets and execute transactions in the DeFi ecosystem.
In addition to technical features, Chainlink also has a strong and active community of developers and supporters.The project is led by Sergey Nazarov and Steve Ellis, who have a long history in the field of blockchain and smart contracts.Chainlink has also established partnerships with many large companies, including Google, Oracle, and SWIFT, which has helped increase its visibility and adoption.
In general, Chainlink is a promising project that aims to solve an important problem in the blockchain field.Its decentralized oracle network has the potential to revolutionize the way smart contracts interact with the outside world, and its growing ecosystem of developers and supporters shows that it will continue to be a major player in the blockchain industry in the coming years.
3.Uniswap(UNI)
Uniswap is one of the most popular decentralized exchanges in the cryptocurrency market.Uniswap is a decentralized exchange (DEX) built on the Ethereum blockchain, allowing users to trade Ethereum-based tokens without the need for intermediaries or central institutions.It was created by Hayden Adams in November 2018 and has since become one of the most widely used DEX in the cryptocurrency space.
The core of Uniswap is the use of an automatic market maker (AMM) system, which means it relies on a set of algorithms to determine the price of a given asset.This is in stark contrast to traditional centralized exchanges, which usually use order books to match buyers and sellers and determine asset prices.
The Uniswap agreement has two main components: the liquidity pool and the Uniswap token (UNI).The liquidity pool is a place where users can deposit their tokens to provide liquidity to the exchange. In return, they can get a portion of the transaction fees generated by the platform.On the other hand, Uniswap tokens are used for governance and allow holders to vote on important decisions related to the agreement.
As of March 2023, Uniswap has been rated as one of the top decentralized exchanges, and the market capitalization of UNI tokens exceeds US 10 billion, making it one of the top 25 cryptocurrencies by market capitalization.
One of the main advantages of using Uniswap is its decentralized nature, which means that it will not be subject to the same risks as centralized exchanges, such as hacking or government intervention.In addition, since Uniswap is built on the Ethereum blockchain, it benefits from the security and reliability of the Ethereum network.
Having said that, there are also some risks in using Uniswap.For example, the value of tokens held in the liquidity pool may fluctuate significantly depending on market conditions, which may cause liquidity providers to suffer losses.In addition, since Uniswap is a decentralized platform, there is no central authority to supervise the platform, which means that users need to be careful to avoid fraud.
Overall, Uniswap is a powerful and popular decentralized exchange that provides a series of benefits for cryptocurrency traders and investors.However, as with any investment in the cryptocurrency space, it is important to conduct your own research and carefully consider the risks before investing.
In order to facilitate everyone to continue to follow up on my analysis and sharing, you can like and follow me; in addition, I will share the daily real-time strategy in the channel. If you can't follow up in real time, you may make operational errors.You can use the following methods to enter my channel for free to follow the latest news and follow up on market trends in real time.
How to use news and data reports to make transactions profitableFrom central bank interest rate resolutions, non-farm payrolls, PMI indexes, inflation rates and other data reports, to geopolitical developments, and even natural disasters, these are major news that foreign exchange investors cannot ignore.Because the trend of the currency is always guided by these major economic events and news developments, it is accompanied by trading opportunities.
Of course, not all news is worth trading, so we must be familiar with how economic events will affect currency market trends.For major transaction news and data reports, we can follow the following three steps:
1. Select news events that will cause price fluctuations
Foreign exchange traders tend to pay attention to certain key economic data that have an impact on interest rate speculation. These economic data include: central bank decisions and speeches, gross domestic product (GDP) data, employment data, inflation rate and trade balance.
2. Choose the right currency pair
Generally speaking, we will choose currency pairs with high liquidity. There are mainly the following 8 pairs: EUR/USD, USD/¥, AUD/USD, GBP/¥, EUR/CHF, and CHF/¥.The sufficient liquidity of currency pairs is conducive to us to use lower transaction costs to win huge profits through greater volatility.
3. Pay attention to the news release time and forecast results
We have to trade based on data expectations, that is, the actual announced results are compared with the predicted values.For example, if the non-farm payrolls report is better than expected, the dollar will generally rise, and EUR/USD may fall.
In addition, before the data is released, we need to check the price movement of the short-term chart (5, 10, 15-minute chart), and use the closing price to decide whether to trade the current data report.After the price trend is confirmed, open a position and set a take profit and stop loss.
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Ready to short crude oilThere are still concerns about the banking crisis in Europe and the United States in the market. Some investors are even worried about the arrival of a new round of global economic crisis. Moreover, the market is still worried about the oversupply of crude oil, and the future of oil prices is still biased towards bears.
It was mentioned in the article shared yesterday that once crude oil is established to be effective in breaking below the 70 mark, it is likely to fall further below the low of 66.15 on December 20, 2021 and the low of 62.46 on December 2, 2021. Near the position.At present, since crude oil fell below the low of 72.3 in the shock range, it has fallen sharply again. The lowest has reached near 65.6, and there is only room for 3 US dollars from the low of 62.46 on December 2, 2021. Now the short market is very strong, even in a small cycle, after a short pause or rebound in the falling market, it will choose to fall again, and the bulls have no resistance.Therefore, the current thinking about crude oil is still based on emptiness.
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Gold continues to be bullish, falling back means going longThe bankruptcy of Silicon Valley Bank (SVB) triggered the U.S. banking crisis, and the negative news from Credit Suisse heightened concerns and risk aversion soared, which triggered a new round of gains in safe-haven assets such as gold.At present, the market is closely waiting for new clues about the banking crisis.
The inflation data released recently showed that it was in line with expectations. It has been half a year since it fell from the highest 9.1% to 6%. The gap from the 2% target is still very large, showing strong stickiness.If the Fed continues to raise interest rates, the economy may have problems. If the SVB bankruptcy does not spread to the entire banking industry, the Fed has reason to continue to raise interest rates.There is still nearly a week between now and the Fed's announcement of the interest rate decision next week, which means that whether the financial pressure eases in the future will directly affect the outcome of the Fed's interest rate hike.
After a short-term decline in the European market yesterday, gold quickly recovered, and the US market directly broke through the previous high, reaching the highest position of 1937.Our multi-orders near 1917 in the short-term operation yesterday very accurately captured this wave of strong market conditions. The resistance of 1950 USD is focused on the top, and the support of 1900 USD is focused on the bottom.On the daily chart, various technical indicators are clearly showing an upward trend.On the technical side, the Dayang upside on Monday matched the Dayang breakthrough at the close of last week. In fact, the long trend was established. Although there was a small yin at the top in the market on Tuesday, it was more of a technical adjustment here. Then in the conversion of the time node on Wednesday, the market re-pulled higher out of the sun, re-establishing the long trend and verifying that Tuesday belonged to the market adjustment.
For the future market, we can continue to maintain a long trend response. The target of the daily price level can pay attention to the arrival situation near 1960 in the early stage to make an expectation. In the short term, after yesterday's US market and the continuation of the early intraday trading, it basically came to the bottleneck of stepping back. Intervention can pay attention to 1910 and below, support can pay attention to the 1900 mark, and focus more on the recovery of the upper space.
GBP/USD:The pound was blocked, and the bears reacted strongly?The latest data from the United Kingdom show that the number of people employed in the British labor market has increased by 65,000, higher than the expected 52,000, and the unemployment rate remains at 3.7%.But the pace of wage growth has slowed, which is good news for the Bank of England.Because the central bank is seeking to control inflation, this is another factor to be considered at next week's interest rate meeting.On a global scale, the market turmoil after the collapse of Silicon Valley Bank has led to huge changes in the market's pricing of the central bank's interest rate outlook in the past few trading days.According to CME's Fedwatch tool, there is now a 25% chance that the Fed will keep interest rates unchanged at its next meeting.Even the market has begun to digest the expectation that the Fed will turn to interest rate cuts at the end of the year.Under this situation, the pressure on the Bank of England to raise interest rates may be eased, which will be of great help to resolve the British government's debt.In terms of interest spreads, the British pound will not be pulled too wide by other currencies.As a result, the pound may be able to gain some support from it.
Due to the rebound of the British pound for four consecutive trading days, it has left the original downward trend channel. However, over time, the market fear caused by the US banking crisis has gradually eased. Today, the dollar index stopped falling and rebounded sharply, suppressing the rise of the British pound and driving the British pound to begin to adjust the market. At present, the British pound has the intention of returning to the downward trend channel.However, if the 1.201 position can be supported, it is possible to carry out a short-term restorative rebound on this basis.
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Crude oil continues to fall, where will it stop?After the recent bankruptcy of Bank of America, the pessimism of global investors lingered, and the increase in API crude oil inventories was greater than expected. It is expected that oil prices will still be at risk of further decline in the future.
In the trend of crude oil, the short-term decline continued during the day. The current lowest point during the day reached near 69.82, which broke the support near 70.09 at the bottom of the shock box for the past four months since December 9, and fell below the 70 integer mark, which means that oil prices have broken the shock trend for the past four months and have the possibility of accelerating the decline. Once it is established that the fall below the 70 mark is effective, further strong support refers to the low of 66.15 on December 20, 2021 and the low of 62.46 on December 2. Near the position.
In addition, this trading day also needs to focus on the EIA crude oil inventory series data and the IEA monthly crude oil market report.
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Gold fell below 1900, and the decline is about to begin?At present, gold prices are slightly lower. Because the February CPI data released overnight in the United States showed that the annual core inflation rate still far exceeded the Fed's 2% target, the dollar index stopped falling and rebounded, suppressing the rise in gold prices.It is expected that the Fed will continue to raise interest rates next week and in May, with the benchmark interest rate increasing by 25 basis points each, because the report released overnight showed that the annual core inflation rate in the United States in February was still as high as 5.5%, and concerns about the long-standing banking crisis have eased.Therefore, gold's short-term upward momentum is insufficient, and the short-term short-term recovery indicates that gold may at least partially take back the gains made in the context of systemic risk panic.
The rebound in U.S. bank stocks has cooled the market's risk aversion to a certain extent. From the perspective of gold's trend, gold has also recovered in a short period of time, but the main structure is still high and volatile. On March 14th, the daily line finally closed at a high level and a small negative line. Gold is technically already seriously overbought, but considering that the current market rise is mainly caused by the buying of risk aversion, and the short-term market risk aversion does not cool down, then gold may still continue to be consumed at a high level, and it is not easy to make significant adjustments.This kind of high volatility may consume more time, gather fundamentals, and may even extend the high volatility until the Fed's interest rate decision next week.
In the short term, it is currently hindered by the actual suppression of the 1910 mark. If the upper space needs to be further opened, then it needs to actually stabilize above the 1910 mark to have further opportunities. As for the lower defensive thinking, as long as you hold on to the rise of 1870 this week, the bulls will succeed.
In the short term, the trend of gold will still be dominated by market sentiment, and it may not be so concerned about the demand for technical trends.At present, it is difficult to predict and control the fundamentals. At present, the focus of the market is on how to deal with the bankruptcy of US banks, and this issue ultimately comes down to how to adjust the Fed's interest rate hike policy.In addition, the United States will announce retail sales and producer price indexes later in the day.Before the FOMC meeting on March 22, it will become important to observe whether U.S. retail sales data indicate any consumer downturn.
The gold bulls are weak, and the bears are about to strike?The data released that the annual CPI rate in the United States in February was in line with the expected value of 6%, down 0.4 percentage points from the previous value; the annual core CPI rate in the United States in February was in line with the expected value of 5.50%, lower than the previous value of 5.60%.
The inflation data is in line with expectations, indicating that the market generally expects the Fed to continue to raise interest rates by 25 basis points in March and will not increase interest rates again.But overall, inflation has not fallen sharply, and this is not a strong data.Obviously, what the Fed has to consider now is financial stability.
At present, for the gold market, the Fed's policy outlook is divided in the market. On the one hand, the banking crisis may cause the Fed to slow down the pace of interest rate increases; on the other hand, the Fed is facing a severe inflation state, and it is still far from the 2% target. Raising interest rates is still the best way to reduce inflation.From the long-term perspective, the current banking crisis is only short-lived, and it is still difficult for the crisis to spread. Raising interest rates is still the best choice for the market to suppress inflation.
In terms of gold's trend, judging from the daily line, gold prices have been on the rise since March 8, and there has been no decent adjustment; in the past two days, gold has risen from a strong position on the 1870 line to the 1900 line and hit the 1914 line. At present, the US index has stopped the decline, and the gold rally has been blocked.To a certain extent, there is a gradual peaking rhythm, and I am optimistic that there will be a wave of effective adjustments in the near future. At present, the short-term support below 1896-1900 is the defensive line of the bulls, and once it breaks down, it will open up the downward space again.
Why do you frequently lose money when you invest in foreign exchange?
One: Counter-market operation: If you don't respect and fear the market, you will be overwhelmed by the market if you operate completely against the trend.
Second: Do not set a stop loss: Stop loss is a necessary means to control risk, and not setting a stop loss is tantamount to throwing away the money directly.
Third: Frequent operations: There is no trading plan, casual trading and frequent multiple transactions greatly increase the probability of loss.
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