Good day Steemers! FOMC minutes released (yawn!), survey about ICO-s and review of technical charts
Good morning traders! Backbone of the week has been broken! Let's recap a few things
FOMC minutes released yesterday - oh boy, was it a proper snoozefest or what - you can take away anything from these minutes and you still won't be any smarter.
A survey conducted among ForexLive visitors by the Finance Magnates Intelligence Department shows positive attitude towards ICO's. Via Forexlive
Thos whole week has been a little bit of a drag on the events front, so let's focus on some charts instead.
DAX daily. we went too high, too fast. Currently at previous top/resistance. Indices dont play by the rules though, so easy to see it gunning even higher. 13K is a number that needs to be stoprun.
DAX H1 channeling like a flag which suggest aq potential breakout. I would daytrade that breakout but not hold, as this can easily turn ugly in minutes.
EURUSD out of the wedge and into this forming H&S. Too many eyes on this H&S though, so be careful trading these obvious ones, if it were to play out though, this would take us approximately to the 50% fib pullback.
WTI oil channeling against resistance that is bound to give in eventually
XAUUSD that dreaded 1300 area again but we broke out of that channel.
And finally, STEEMBTC. Damn, expect your account values diminishing even more as STEEM is dropping like a brick
That's it for now with the chart, lets see what the rest of the day brings. Talk to you over in the comments. Trade safe, cut your losses!
Title image from pixabay
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BuildTeam
very good
Thanks for the post @furious-one very informative , is steem likely to be a big player in the long run though ? As it's still emerging and has the strength of the social media platform ?
sure, im accumulating steem slowly. are you aware of the SMT (smart media tokens) announced recently, based on steem? i think steem could have a bright future
img credz: pixabay.com
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