US PPI rose 5.4% year-over-year in August, above the 5.3% estimate.
US 30-year bond yield rises to 5.35%, highest level since June 2007.
$BTC and $ETH are no exception in the market as risk assets will dump hard and fast first when the carry trade unwind will take place. The FOMC and BOJ meeting this month are very crucial. Any bad news and we tank 🩸
$PUMP 18.58% spot move since divergence was detected and posted.
Esam_Trading
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Divergence is being formed on $PUMP . Spot CVD is heavily increasing on $PUMP while price is still grinding down, on the other hand Future CVD is also dropping. Moreover, OI of shorts is heavily increasing.
$ZEC is in near Wave 5 completion. Expecting price to form corrective wave A-B-C pattern with targets of Wave C around $1000-$950. Looking for bearish divergence to form on 4H with a reclaim of $1,257 for confirmation move downward towards the target.