Cuts Signal Incoming

Issue #89

Good morning!

The start of trading for Ethereum ETFs hasn’t supported prices, triggering a similar sell-the-news reaction we saw for Bitcoin. Despite Trump’s endorsement of Bitcoin, Harris’ popularity is rising according to polls, causing a risk-off reaction for crypto and a retracement of most gains from the rise in Trump’s popularity over the last few weeks. 

All the main US indices and industrial commodities continue to sell off, with small caps continuing their outperformance at the expense of Tech. All eyes are on FOMC today, while we also have the anticipated rate cut from the BoE tomorrow and Non-Farm payrolls on Friday. 

This week, our Technical Analysis covers BTC, KAS, BONK, STORJ, JUP, WOO, TIA, WIF, and LINK. Follow the trading plans and execute trades at the suggested levels. Finally, as always, we provide updates on NFTs and developments in the AI sector. Enjoy, and wait for FOMC before adding risk!

 We Called It!

  • MEW (Crypto Fox) - Telegram long play hit entry at 0.006547 and ran up to a local high of 0.006908 for a 5.51% unleveraged move to the upside.

  • RUNE (Crypto Fox) - Newsletter long play hit entry at 4.454 and ran up to a local high of 5.031 for a 12.95% unleveraged move to the upside.

  • GALA (Crypto Fox) - Newsletter long play hit entry at 0.02313 and ran up to a local high of 0.02447 for a 5.79% unleveraged move to the upside.

Macro Markets

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