It was unable to break through the downtrend upper channel. High chances would retrace in the short term to the nearest support. But aware that MYX:MYEG would possibly get two projects award which is PLKS and ISS by the government in July.
From the view of fundamental, Ethereum has a close movement with major indexes such as SPY, DJI and etc. The Second wave of COVID-19 might be the burst of economy, nobody knows could the sky-high market keep up with the current economy, but overall the chances of the bubble will burst is higher than the amount of federal reserve can print in long run.
From the...
It has been two weeks since the rise of TVC:GOLD . On 8/1/2020 morning at 10.30 am, Donald Trump clarified that he not going strike back Iran where this is the peaceful signal. The conference speech given by him outperformed the market expectation and soon after he said that, TVC:GOLD dropped from 0% of the day to -1%. It recovered slightly after filling the gap...
Based on the current bullish movement on gold, we can see that it rise fast without falling to 1520. It might have a short retrace once big red candle fall arise. When the short retrace happens, the first support is around 1514. Since the bullish is strong, so it might have a higher chance to stay above 1514. However, if the support is broken it will have higher...
