azizelliott

azizelliott

Hi guys! 👋🏻 🔔 US Dollar gains ahead of FOMC meeting, despite negative housing stats and building permits data, +0.50% against the Swiss Franc. 🔔 The year has started unfortunate for the Swiss Franc as the CHF lost 6.33% to GBP, 2.15 to Euro and 5% to Australian Dollar. 🔔 The negative rates kept by the SNB, causing the inflation to remain negative, for the...

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Hi guys! 👋🏻 🔔 The reason why I call this analysis - The 0.618 paradox of Wanchain is because this is the first time I have ever seen than the Fibo retracement and the price of an asset are the same number - 0.618. Isn't that beautiful? 🔔 Check this out 🔔 Wanchain has made important announcements recently in it’s DeFi scope. The launch of WanFarm, XRP...

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Hi guys! 👋🏻 🔔 Weak CPI data weakened the DXY and supported the further growth of Bitcoin against the US Dollar 🔔 he total amount of Bitcoin locked in DeFi according to the data from the analytics website hit new ATH today with 178,603 BTC, and the total value of BTC in DeFi for the first time ever exceeded $10 Billion. 🔔The impulse wave of February 28 continues...

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Hi guys! 👋🏻 🔔 Canadian GDP as per October was 0.1 bp above the expected 0.3% yet still lower than September’s 0.8%, hence the Canadian dollar is weakening these days. As Canada is World’s one of the largest oil exporters, its currency has a major dependency on oil price. Oil demand is decreasing due to the pandemic and with the new virus strain spreading so fast...

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Hi guys! 👋🏻 🔔 The tension around the stimulus bill rises as President Biden decided to imply stricter income limits on the next round of stimulus checks payouts. Under the new amendments, individuals who earn more than $80,000 per year, single parents earning more than $120,000 per year, and couples earning $150,000 will be disqualified from receiving the...

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Hi guys! 👋🏻 🔔 New Zealand Central Bank’s rate cuts and other measures and tools have reacted positively on NZD during the pandemic as since April 2020, Kiwi against the US Dollar was able to rise by 13.74%. 🔔 The situation around the US Dollar remains mixed, the recent report on a 25% drop of new Covid-19 cases looks positive, although the pause on the stimulus...

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Hi guys! 👋🏻 🔔 The stimulus bill proposed by President Joe Biden’s administration is getting closer and is set to be finalized next week according to the New York Times, Gold continues the downtrend. The bill is set to increase the inflation as planned by the FOMC, however as the bill acceptance gets closer, Gold which is traditionally an inflation hedge, loses...

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Hi guys! 👋🏻 🔔 German GDP reported recently shows that the country’s economic recovery plan is going under the plan. German GDP QoQ for the fourth quarter reported is at 0.3%, closing above the forecasted 0.1%. 🔔 As in the EURUSD pair, Euro still looks stronger than the US Dollar, the last is in a downtrend again and is already below 91. The postponement of the...

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Hi guys! 👋🏻 🔔 Just sharing my Elliott Wave count on LTCUSD. Litecoin is still bullish and I believe the pair will resume the uptrend from this level. 🔔 One of the bull run signals I use for crypto trading is the lower wick of the 4H candle, whenever the bottom wick is longer than the body, expect a bullish run as the long lower wick means that the asset has...

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Hi guys! 👋🏻 🔔 Bitcoin set a new All-time-high yesterday hitting $48188, the coin still has plenty of room for growth as the long-awaited $50000 is closer than ever. 🔔 The pair has also formed a symmetrical triangle and a breakout from the triangle will signal the bullish continuation. The coming resistances if the breakout is confirmed are at $48920 and $51050,...

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Hi guys! 👋🏻 Yeah, I know it wasn't a symmetrical triangle, it was a Flag pattern being formed. 🔔 Cryptocurrency market drew its attention to policymakers and lawmakers once again after the purchase of the $1.5 billion worth of Bitcoin by Tesla, claiming that the company will start accepting Bitcoin for it’s products. Now it looks like another giant corporation,...

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Hi guys! 👋🏻 🔔 There is a possible Inverted Head and Shoulders pattern formation on an hourly chart of Litecoin 🔔 The pattern suggests that after a breakout from the dynamic resistance described below, the bull run of the uptrend might be withheld for a short time by the short-term dynamic resistance of January 21, which is also the Neckline of the Head and...

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Hi guys! 👋🏻 🔔 Stellar and Circle have completed the minting of USDC on Stellar, making USDC stablecoin integration into Stellar blockchain. The USDC (US Dollar Coin) a stablecoin developed by Circle Internet Financial and backed by Coinbase, has $6 billion coins in circulation. 🔔 The circulation of the USDC has doubled since December after a global payment...

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Hi guys! 👋🏻 🔔 Hourly EUR / GBP chart created an inverted cup and handle pattern, supporting the downtrend. 🔔 This pattern indicates that the bears are on duty overall and will continue the downtrend after breaking the lowest support, in this case 0.88700, after a slight upward correction. 🔔 Factors that could support the EUR / GBP's downward trend are...

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Hi guys! 👋🏻 🔔 There is a Bearish Bat pattern being formed on a 4H chart of Bitcoin. 🔔 Do not use this setup to trade, I'm not a professional harmonic pattern trader. Just want to test this idea. 🔔 I still am bullish on Bitcoin and the impulse of February 1 is yet to complete, although going long at this level is pretty risky. Waiting for a signal. 🔔 At the...

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Hi guys! 👋🏻 🔔 The US vaccination plan and restrictions implemented resulted in a decrease of the new active cases. 🔔 Johnson and Johnson reported that their vaccine is 72% effective against moderate and severe disease in the US, and 57% in South Africa. In South Africa, 95% of cases in the trial were due to a variant known as B.1.351, which is known to be more...

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Hi guys! 👋🏻 🔔 Cardano is one of the top gainers this year gaining nearly 84% this year only and hitting a new all-time-high at $0.397412. As many analysts and cryptocurrency researchers suggest that the DeFi boom this year will be greater and make a greater noise, Cardano with its Shelley upgrade and DeFi transition is surely one of the altcoins to...

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Hi guys! 👋🏻 🔔 Silver is one of the assets to watch ahead of FOMC Meetings and Fed rate decision. Do not expect the Fed to change the rate, however will pay a lot of attention to what Chariman says. DXY is holding above 90.400 support and any positive phrase could bring the DXY to 91. 🔔 On the other hand, VIX is up 16.20% and above the dynamic support of October...