the daily degen 🦍(28aug23)
handle.fi daily trooper update
todays markets
market news
💹markets ready for swings after high-rates mantra of jackson hole
🐢paypal’s stablecoin sees slow uptake in first 3 weeks of issuance
🚨rogue pepecoin team members blamed for $16M PEPE multsig withdrawal
🛝prime trust filing reveals cascade of failures that led to bankruptcy filing
📊JPMorgan forecasts limited downside for crypto markets: report
around the X verse… (formerly the twittverse)
regulators circling..again 🙄…
meanwhile deFi powers on 💪…
plus ETF applications continue..🏦…
as does ‘institutional investment’😂…
trade ideas
trade: short GBP/USD
there is a possible head and shoulders pattern set up on GBP/ USD. if correct, it could be indicative of a bearish reversal.
we can see a ‘neckline’ around ~1.26 with a corresponding head, left & right shoulder. now that price has broken through and retested the neckline a SHORT position could be initiated. a target for the trade could be the price level at ~1.23 where the uptrend began. #NFA #DYOR
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