Bitcoin mining investor Vinanz up 170% in 8 days
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Bitget's study reveals that Millennials and Gen Z are the driving force behind crypto adoption, with Millennials comprising 46% of crypto enthusiasts. By empowering the youth with blockchain knowledge, the exchange aims to create a future where the world is interconnected through blockchain technology. Blockchain also presents opportunities for youth to explore new career paths in the emerging field of blockchain development, digital currencies, and smart contracts. By learning about blockchain technology, young people can equip themselves with valuable skills that are in high demand in the job market. Moreover, blockchain can be leveraged to create secure and efficient systems for voting, identity verification, supply chain management, and social impact projects. By engaging with blockchain technology, youth initiatives can empower young individuals to drive positive change in their communities and beyond. In my opinion, integrating blockchain into youth initiatives can foster a culture of transparency, collaboration, and innovation, empowering young individuals to become active participants in shaping the future of technology and society. Is the platform commitment to nurturing young talent and building a blockchain-connected worldwide worth celebrating? -
Asian shares, measured by the MSCI Asia ex-Japan index, hit 15-month highs on Tuesday, boosted by renewed confidence in US interest rate cuts. The weaker Japanese yen and a small dip in the Australian dollar kept the US dollar steady. The Reserve Bank of Australia left interest rates unchanged as expected, but suggested little risk of another hike, causing the Australian dollar to slip 0.4% while the stock market rose. Hong Kong's Hang Seng index was set to snap a 10-day winning streak with a 0.9% loss, though markets in Taiwan and South Korea advanced. The Asia-Pacific index excluding Japan gained 0.3% and Japan's Nikkei rose 1.3%. European and US futures pointed to a positive day, supported by last week's softer US jobs data and comments from Fed Chair Powell reiterating that the next rate move will likely be a cut. The yen weakened further to around 154.60 per dollar. Oil prices rose slightly while wheat, corn and soybean prices hit multi-month highs on concerns over unfavourable weather conditions. -
By tradinglounge · Posted
USD/CAD Elliott Wave Analysis Trading Lounge Day Chart, U.S.Dollar /Canadian Dollar (USD/CAD) Day Chart USD/CAD Elliott Wave Technical Analysis FUNCTION: Counter Trend MODE: Corrective STRUCTURE:blue wave C POSITION:black wave E of triangle DIRECTION NEXT HIGHER DEGREES:red wave 5 DETAILS blue wave B of E completed at 1.37858, now blue wave C is in play . Wave Cancel invalid level:1.38457 The USD/CAD Elliott Wave Analysis for the Day Chart examines the movement of the U.S. Dollar against the Canadian Dollar using Elliott Wave theory, with a focus on the current corrective pattern and its potential implications for future trends. ### Function The function of this analysis is identified as "Counter Trend," indicating that the overall market movement is currently in a correction phase, suggesting that the broader primary trend may be in the process of reversing or pausing. ### Mode The mode is described as "Corrective," indicating that the current pattern consists of complex and layered movements typically associated with Elliott Wave's corrective waves. This mode signifies the presence of wave patterns that do not follow straightforward upward or downward trends, often indicating a pause or consolidation in the market. ### Structure The structure is characterized as a "blue wave C" within a "black wave E of triangle." This structure represents a complex pattern where a triangle formation indicates consolidation and typically leads to a breakout in the final wave, indicating potential directional movement. In this case, the analysis suggests that the market is in the final corrective wave of the triangle. ### Position The current position in the wave structure is within the "black wave E of triangle," suggesting that the market is approaching the end of a larger consolidation pattern. This position typically leads to a breakout, indicating a potential directional shift once the triangle completes. ### Direction for the Next Higher Degrees The direction for the next higher degrees is identified as "red wave 5," suggesting that once the current corrective phase within the triangle concludes, the broader trend may resume, leading to an impulsive movement in the market. ### Details The details section provides specific insights into the ongoing corrective phase. It indicates that "blue wave B of E" completed at 1.37858, suggesting that the second wave of the triangle has finished, leading to the current "blue wave C" in play. The wave cancellation or invalidation level is set at 1.38457, indicating a critical threshold above which the current pattern would be invalidated, suggesting a re-evaluation of the Elliott Wave structure. In summary, the USD/CAD Elliott Wave Analysis for the Day Chart shows a corrective pattern with a triangle structure in the "black wave E," leading to the final "blue wave C" in play. The completion of this wave may signal a broader trend change, leading to the final red wave 5. The Wave Cancel invalid level at 1.38457 indicates a critical level to watch, suggesting the possible invalidation of the current wave structure if exceeded. USD/CAD Elliott Wave Analysis Trading Lounge 4 Hour Chart, U.S.Dollar /Canadian Dollar (USD/CAD) 4 Hour Chart USD/CAD Elliott Wave Technical Analysis FUNCTION: Counter Trend MODE: impulsive STRUCTURE:red wave 2 POSITION:blue wave C DIRECTION NEXT LOWER DEGREES:red wave 3 DETAILS red wave 1 of C completed at 1.36031, now red wave 2 is in play . Wave Cancel invalid level:1.38457 The USD/CAD Elliott Wave Analysis for the 4-Hour Chart offers a technical perspective on the U.S. Dollar against the Canadian Dollar, using Elliott Wave theory to assess the market structure, current positioning, and potential future trends. ### Function The function of this analysis is identified as "Counter Trend," indicating that the broader market movement is currently in a corrective phase, potentially against a larger primary trend. This suggests that the current wave structure is temporary and is part of a broader Elliott Wave cycle. ### Mode The mode is described as "impulsive," indicating that the current corrective phase consists of clear, directional movements typically associated with an Elliott Wave pattern. This mode suggests strong moves within the corrective phase, often leading toward a key reversal point. ### Structure The structure is categorized as "red wave 2," which is part of a broader pattern that is expected to reverse the current counter trend. This structure indicates that the correction might include smaller waves within it, showing potential changes in market momentum. ### Position The position within the structure is "blue wave C," suggesting that the current pattern is in the final stage of a larger correction, typically composed of three sub-waves. The completion of this wave might indicate a potential return to a broader impulsive trend. ### Direction for the Next Lower Degrees The direction for the next lower degrees is "red wave 3," indicating that once the current corrective phase concludes, the market is expected to resume an upward trajectory as part of the impulsive pattern. ### Details The details section provides key insights into the current state of the wave pattern. It indicates that "red wave 1 of C" completed at 1.36031, suggesting the end of a sub-wave. The current focus is on "red wave 2," which is in play, potentially nearing its completion. The Wave Cancel invalid level is set at 1.38457, indicating that if the market moves above this level, the current wave structure would be invalidated, requiring a re-evaluation of the Elliott Wave pattern. In summary, the USD/CAD Elliott Wave Analysis for the 4-Hour Chart suggests that the market is currently in a corrective phase ("red wave 2") within a broader impulsive structure ("blue wave C"). The completion of "red wave 1" indicates the start of "red wave 2," which is currently in play. Once completed, the market is expected to move into "red wave 3," suggesting a potential upward trend. The Wave Cancel invalid level of 1.38457 serves as a critical point for confirming the current wave structure. Technical Analyst : Malik Awais Source : Tradinglounge.com get trial here!
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