Layer3: Pioneering the Attention Economy - Early Access on Bitget
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Markets in Asia were generally lower, with Chinese markets particularly hard-hit ahead of the plenary meeting of the Central Committee next week. European markets are bracing themselves for instability in French politics after the surprise success for the far left parties in the second round of parliamentary elections. Now a new government must be appointed, and with no single party having an overall majority, a coalition is likely. Investors will wait to see whether any of President Macron's policies are reversed, and will be anxious about the amount of power wielded by the Far Left. US futures are mostly flat, after Friday's payroll reading bolstered the chances of a September rate cut. While the week begins with little economic data, Powell's testimony on Tuesday has assumed greater importance following Friday's jobs report, while Thursday's US CPI report and the start of earnings season are the other key events to watch.
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The cryptocurrency market is seeing significant capital movement in Q2 2024, according to data from CryptoRank.io. The top 10 centralized exchanges (CEX) have attracted substantial inflows, with Binance leading at $908 million. Following closely are Bitfinex and Bitget, with $709 million and $561 million respectively. What's particularly interesting is the wide range of inflows across different platforms. While the top 5 exchanges show inflows in the hundreds of millions, there's a notable drop to double-digit millions for those ranked 6th through 10th. This disparity could indicate evolving user preferences or strategic moves by these platforms. The data raises intriguing questions about the factors driving these capital flows. Are regulatory changes playing a role? How are new features or marketing strategies impacting user choices? For crypto enthusiasts and market watchers, this information provides food for thought on the current state and potential future trends in the exchange landscape.
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By tradinglounge · Posted
ASX: Woolworths Group Limited - WOW Elliott Wave Technical Analysis TradingLounge (1D Chart) Greetings, Today's Elliott Wave analysis updates the Australian Stock Exchange (ASX) focusing on Woolworths Group Limited (WOW). Our current observation suggests that wave II (grey) may have concluded, signaling a potential resumption of the longer-term uptrend for WOW. We will monitor the 1D chart for Long Trade Setups. ASX: Woolworths Group Limited - WOW Elliott Wave Technical Analysis 1D Chart (Semilog Scale) Analysis Function: Major trend (Intermediate degree, orange) Mode: Motive Structure: Impulse Position: Wave (1) - orange Details: Wave II (grey) appears to have ended at 30.12. Wave III (grey) has started, pushing higher. Since the low of 30.12, wave (1) (orange) is unfolding. It is subdividing into wave ((iv)) (navy), expected to find support around 32.88. Then wave ((v)) (navy) will likely push higher. Invalidation point: 31.91 ASX: Woolworths Group Limited - WOW Elliott Wave Technical Analysis TradingLounge (4-Hour Chart) ASX: Woolworths Group Limited - WOW Elliott Wave Technical Analysis 4-Hour Chart Analysis Analysis Function: Major trend (Minute degree, navy) Mode: Motive Structure: Impulse Position: Wave (b) - orange of Wave ((iv)) - navy Details: Wave ((iii)) (navy) just ended. Wave ((iv)) (navy) has begun, pushing lower, potentially finding support around 32.88. Once wave ((iv)) is completed, wave ((v)) (navy) is expected to push higher. Invalidation point: 31.91 Conclusion: Our analysis provides insights into the current market trends for ASX: Woolworths Group Limited (WOW). By identifying specific price points as validation or invalidation signals for our wave count, we aim to enhance confidence in our perspective. Combining these factors allows us to offer an objective and professional view on market trends. Technical Analyst: Hua (Shane) Cuong, CEWA-M (Master’s Designation) Source : Tradinglounge.com get trial here!
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