Friday, June 1, 2018

CryptoCurrency News: Crypto Candy? Expect Free Giveaways When the EOS Blockchain Launches

Airdrops are well established idea here at the launch of the EOS mainnet, so its startups are way ahead of being the first to give free tokens away.

via CoinDesk

CryptoCurrency News: Huobi Partners on $93 Million China-South Korea Blockchain Fund

Crypto exchange Huobi has teamed up with NewMargin Capital and Kiwoom Securities to launch a blockchain fund focused on China and South Korea.

via CoinDesk

CryptoCurrency News: Up 24%: Bytecoin Only Gainer In Bad Month for Big Cryptos

While most top-25 cryptocurrencies took a hit last month, lesser-known cryptocurrency bytecoin scored decent gains.

via CoinDesk

CryptoCurrency News: Binance Reveals Plan for $1 Billion Blockchain Startup Fund

Binance has announced it is launching a $1 billion "Social Impact Fund" to foster the growth of startups in the blockchain and cryptocurrency space.

via CoinDesk

CryptoCurrency News: GMO Launches Mobile App That Lets Gamers Earn Bitcoin

Japan's GMO Internet Group has developed a new mobile app that aims to introduce the public to bitcoin simply by playing games.

via CoinDesk

CryptoCurrency News: Former Reuters Risk Intelligence Exec Joins Crypto Compliance Startup

Thomson Reuters's former head of World-Check, Greg Pinn, is the new head of product strategy for iComply.

via CoinDesk

CryptoCurrency News: This Long-Term Indicator Could Complicate Bitcoin's Price Recovery

A long-term moving average has turned bearish for the first time in four years, threatening to impede continued gains in bitcoin's price.

via CoinDesk

CryptoCurrency News: Bitmain's New AntMiner Is Drawing Criticism From Early Chinese Users

Bitmain has been criticized over one of its mining products, the AntMiner B3, with users making allegations about its marketing and quality control.

via CoinDesk

CryptoCurrency News: Taking Back Power: An Upstart Government Plans to Tokenize Energy

The plan is to incentivize solar power generation by circumventing rules inhibiting its adoption made by Madrid.

via CoinDesk

[FOREX TIP] CADJPY Price Action Analysis – 1st June 2018

CADJPY has had a Bullish run on the H4 chart. Yesterday, the pair produced a Double Top on the H4 chart and then came down with huge selling pressure. The pair has been on a correction at the moment. The price already had a rejection from a level, which has the potential to be a strong level of Resistance and drive the price further down. Let us have a look at the H4-CADJPY chart.


Have a look at those two H4 Bearish candles. Then, at the time of the correction, the price had a rejection from the level of 84.360. If the price goes back there again, and it produces an H4 Bearish Engulfing Candle breaching the level of 83.895, then selling the pair would get us green pips with an excellent risk and reward ratio. Let us have a look at the summary of the trade…

  • Entry- H4 Bearish Engulfing Candle at 84.360 breaching the level of 83.895
  • Stop loss- Above 84.360
  • Take profit- 82.980
  • 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

The USD has a super high impact news event today at GMT 13.30. The CAD and the JPY both are highly correlated currency with the USD. Especially, the CAD is very similar to the USD when it makes a pair with other currencies. Thus, we have to wait for the news hour to be finished to take the entry. By looking at the chart and the schedule, I assume that if the signal comes at GMT 14.00, then it would be a good signal to take.


The post CADJPY Price Action Analysis – 1st June 2018 appeared first on Advanced Forex Strategies.

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