Monday, May 14, 2018

CryptoCurrency News: Grappling With Crypto Miners' Existential Question: ASICs or GPUs?

ASICs offer security. GPUs offer decentralization. The answer might come down to your view of governments.

via CoinDesk

CryptoCurrency News: Aion Is Launching a 'Token Bridge' to Connect Blockchains

Aion will ask its token holders to destroy their erc-20 aion tokens so that they can move to the aion mainnet, launched last month.

via CoinDesk

CryptoCurrency News: EU, US Lawmakers Tout 'Sandbox' Approach for Blockchain Development

Lawmakers at CoinDesk's Consensus 2018 conference today argued that regulatory "sandboxes" may offer the best approach for blockchain innovation.

via CoinDesk

CryptoCurrency News: Deloitte Veterans Are Launching a Tokenized Blockchain for Supply Chain

A group of former Deloitte blockchain specialists are joining a startup seeking to launch a token for the global supply chain.

via CoinDesk

CryptoCurrency News: US Regulators Need to Move Faster on Crypto, Consensus Panelists Say

Early industry investors argued that US regulators must provide clarity in order for investors to capitalize on blockchain opportunities.

via CoinDesk

CryptoCurrency News: Banks Ink Blockchain Trade Finance Transaction with Food Giant Cargill

HSBC and ING have performed a claimed world-first trade finance transaction on a single blockchain system for agri-food firm Cargill.

via CoinDesk

CryptoCurrency News: FedEx CEO: Adopt New Tech Like Blockchain or Be Disrupted

The chief of logistic giant FedEx has spoken of the need to adopt new technologies like blockchain at CoinDesk's Consensus 2018 event.

via CoinDesk

CryptoCurrency News: St. Louis Fed President on Crypto: 'Currency Competition Is Nothing New'

"The drift to a non-uniform currency could become a serious issue for the us if cryptocurrency reaches a large volume of trade."

via CoinDesk

CryptoCurrency News: New York Plans Blockchain Center to Stake Claim as Industry Hub

New York's Economic Development Corporation is launching several initiatives to put the Big Apple on the map as a blockchain technology hub.

via CoinDesk

CryptoCurrency News: CME Group Partners to Launch Ether Reference Rate Index

Derivatives exchange operator CME Group and U.K. firm Crypto Facilities are partnering to create an ether reference rate and real time index.

via CoinDesk

CryptoCurrency News: Florida Tax Collector to Accept Bitcoin, Bitcoin Cash Payments

BitPay has partnered with a Florida county tax collector to facilitate tax payments in bitcoin and bitcoin cash.

via CoinDesk

CryptoCurrency News: Bitcoin Risks Drop Toward $8K After 3-Week Low

Bitcoin hit a three-week low over the weekend and may be looking at a deeper sell-off below $8,200, price chart analysis indicates.

via CoinDesk

CryptoCurrency News: CoinDesk Releases Q1 2018 State of Blockchain Report

From bitcoin futures' impact on spot prices to the rise in hash rate and drop in fees, our latest research report sheds light on a tumultuous Q1.

via CoinDesk

CryptoCurrency News: IoT Startup Filament Hits Milestone for Blockchain Hardware

Filament announced Monday that its blockchain-native semiconductor is now available in a USB form factor.

via CoinDesk

CryptoCurrency News: SAP to Launch New Blockchain Supply Chain Initiative

Software giant SAP has announced a new food safety-related blockchain pilot and a collaboration with a Swiss supply chain startup.

via CoinDesk

[FOREX TIP] CADJPY Price Action Analysis – 14th May 2018

CADJPY was very Bullish on the H4 chart last week. However, the pair seems to have found a strong level of Resistance since it has produced a Double top on the H4 chart. Today’s first two H4 candles were Bullish corrective candles. The current candle, which seems to be a Bearish candle so far, if it comes out as an H4 Bearish Engulfing Candle, then the pair might offer us a short entry later today. Let us have a look at the H4 CADJPY chart.

CADJPY Price Action Analysis – 14th May 2018

After forming the Double Top, the level of 85.530 seems to be a strong level of Resistance. It has been held by two H4 candles. If the current candle comes down and makes a breakout at the level of 85.390, then selling the pair would get us some green pips. Let us have a look at the summary of the trade…

  • Sell Stop Order: 85.390
  • Stop Loss: 85.530
  • Take Profit: 84.900
  • Validity: 72 hours
  • Whenever possible, move the stop loss to the entry price and whenever you want, you can take profit anytime as long as you feel comfortable

This is an ABC pattern. The first wave is AB; the second move (the correction) is called BC. Now we are waiting for a Bearish move from the point C. This is an important trading pattern that every trader should have very good knowledge about it. Financial markets produce this pattern every now and then almost on every time frame. The risk-reward ratio is very lucrative too.

The post CADJPY Price Action Analysis – 14th May 2018 appeared first on Advanced Forex Strategies.

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