Volatility Until FOMC Guidance

Issue #88

Good morning!

The biggest news for Crypto this week was yesterday's launch of Ethereum ETFs trading in the US, with volume surpassing $1 billion on the first day. Biden has dropped out of the election race and has endorsed Kamala Harris, causing a mixed reaction for Crypto. 

The Macro front has been quiet this week, with the main development being the rate cuts from China’s Central Bank to support economic growth. All the main US indices and commodities have pulled back since last week, with US low caps outperforming for another week. All eyes are now on the Fed’s rate decision in exactly one week, with expectations for keeping rates stable but providing more guidance on future cuts in the following press conference. 

This week, our Technical Analysis covers ETH, BNB, WIF, RUNE, GALA, and FIL. On equities, we cover MTAL and EVO and updates on uranium-related positions. Read the trading plans carefully and wait to enter at the suggested levels!! Finally, we provide updates on crypto regulation, the NFTs ecosystem, the AI sector, and a deep dive into Azuro. Enjoy, and good luck out there!

 We Called It!

  • PEPE (Asso) - Long from 00000114 to 0000013

  • BTC (Asso) - Long from 63k to 68k

  • GALA (Crypto Fox) - Hit our newsletter bid @ 0.02377 and ran up to 0.02688 for a 13.08% unleveraged move to the upside

  • XAI (Crypto Fox) - Hit our newsletter bid @ 0.3642 and ran up to 0.4299 for an 18.04% unleveraged move to the upside

Macro Markets

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