the daily degen 🦍(30oct23)
handle.fi daily trooper update
todays markets
market news
🩸dow drops more than 350 points to end brutal week, S&P 500 closes in correction territory.
😡gemini files complaint against genesis over $1.6 billion in GBTC shares.
🪖9 protocols criticize layerzero’s wstETH token, claiming it’s ‘proprietary’.
🚀spot crypto trading volumes surge to levels not seen since March.
💱uniswap DAO temperature check shows support for investing $12 million of UNI for 20% share in ekubo's future governance token.
crypto fear and greed index
🔊 market event to look out for (UTC times)
tuesday (31/10)
01:30 CNY - manufacturing PMI (oct) - forecast: 50.4
02:30 JPY - BoJ interest rate decision - forecast: -0.1%
10:00 EUR - CPI (YoY) - forecast: 3.2%
14:00 USD - CB consumer confidence (MoM) - forecast: 100
wednesday (1/11)
14:00 USD - ISM manufacturing prices (oct) - forecast: 44.9
14:00 USD - JOLTs job openings (sep) - forecast: 9.27m
14:00 USD - fed interest rate decision - forecast: 5.5%
thursday (2/11)
12:00 GBP - BoE interest rate decision (nov) - forecast: 5.25%
friday (3/11)
10:00 EUR - unemployment rate (sep) - forecast: 6.4%
12:30 USD - unemployment rate (oct) - forecast: 3.8%
around the X-verse… (formerly the twitterverse)
what. a. week! 😀
tradFi making the calls 🎯…
AI szn is upon us (again) 🤖…
trade ideas
trade: long IXIC/ USD
The nasdaq (IXIC) has exhibited a pattern of lower highs since hitting its 2023 peak around ~14,450 in July.
now, with its recent break below the former lows of ~13,080, it could lead to a potential decline towards the previous significant resistance mark of around ~12,270.
should the price revisit this level, it could offer a substantial support, and possibility for a rebound. if, upon reaching this price point, it holds firm without breaking the support, it might be an time to consider initiating a LONG position.
#NFA #DYOR
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