Monday, November 25, 2019

CryptoCurrency News: Another Class Lawsuit Claims Bitfinex, Tether Manipulated Bitcoin Market

Crypto exchange Bitfinex and its sister firm, stablecoin issuer Tether, have again been accused of working to manipulate the bitcoin markets. Bitfinex has called the suit "mercenary and baseless,."

via CoinDesk

CryptoCurrency News: Exec Embezzles $22M From ‘Influencer’ Marketing Firm, Spends Nearly Half on Crypto Gambling

A U.S. man has pleaded guilty to having embezzled millions from his former employer and splashing the funds on personal expenses and crypto-funded online poker.

via CoinDesk

CryptoCurrency News: What’s Really Private in Crypto? Research on Grin Raises Questions

Following a report last week on the anonymity features of grin, one big question emerged: What is privacy in crypto, anyways?

via CoinDesk

CryptoCurrency News: French Central Banker Advocates For Blockchain-Based Settlements in Europe

The central bank of France wants the eurozone to build a DLT-based settlement system that moves euros faster and more cheaply than existing tech.

via CoinDesk

CryptoCurrency News: Bear Breather? Bitcoin Looks Oversold After 50% Price Drop Since June

BTC may have found a temporary bottom near $6,500 and could witness a bounce, with the short-term charts reporting seller exhaustion.

via CoinDesk

CryptoCurrency News: 25,000 Blockchain Firms in China Tried to Issue Cryptos, Senior Official Claims

Some 25,000 Chinese companies have tried to issue their own tokens over the past few years, a new report authored by five government agencies claims.

via CoinDesk

CryptoCurrency News: Waves and the Tricky Task of Being a Russian Crypto Brand

What if your biggest client is your biggest reputation risk?

via CoinDesk

CryptoCurrency News: Bitcoin Drops Below $7K as Traditional Markets Flatline

Bitcoin has fallen beneath the $7,000 psychological price range as global markets took a breather Saturday amid the ongoing trade dispute between the U.S and China.

via CoinDesk

[FOREX TIP] Free Forex Trade Signals EURAUD – 25th Nov 2019

EURAUD produced an engulfing daily candle last Friday. The H4 chart shows that the price after being extremely bearish may have found its support. The price had its last bounce at the same level. Thus, it may consolidate here. If it produces an H4 bearish reversal candle followed by a breakout at Friday’s lowest low, the sellers may go short on the pair to grab some green pips.

This trade idea was generated by our powerful Elite Swing Trader System.

Free Forex Trade Signals EURAUD – 25th Nov 2019

Free Forex Trade Signals EURAUD – 25th Nov 2019

The H4 chart shows that the price has had a bounce at the level of 1.62150. As of writing, the last H4 candle is not finished yet. If the level holds the price as support and the price consolidates here, the level of 1.62395 may hold the price as resistance. An H4 bearish reversal candle at the level of 1.62395 followed by an H1 breakout at 1.62150 may drive the price towards the level of 1.61500 with good bearish momentum. Let us have a look at the summary of the trade…

  • Sell Stop Order: 1.62104
  • Stop Loss: 1.62387
  • Take Profit: 1.61654

The price may find its support at 1.60000 on the daily chart. This means there is enough space for the price to travel towards the downside. However, the H4 support is Double Bottom support, which needs extreme intraday bearish pressure to be broken. If the price breaks the level on the H4 chart as well, most likely the pair is going to head towards the South for a few days. Let us wait and see what happens next.

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The post Free Forex Trade Signals EURAUD – 25th Nov 2019 appeared first on Advanced Forex Strategies.

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