About LeoFinance

LeoFinance is a community for crypto & finance which powered by Hive and the LEO token economy. Basically it shares the same purpose as Hive based social media platform for finance related articles and discussions. As a result, I would like to start my blogging journey in LeoFinance to explore more in the lovely community, so please feel free to become one of us and grow together with the community.

Moreover, another thing that amazed me is the community token on its own. Leo is the token that can be earned when you use Leofinance as the platform in creating original articles and interact with others. As a result, being active in the community would reward you the with some extra earning both Hive and Leo token as long as you share the article and your thought in multi platform.

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Greetings

Hola everyone, it is my first time to share some financial related content in LeoFinance specifically and hopefully I can engage actively in the platform to meet more amazing people and gain some insights on the current macro market.

Time flies, one-third of 2022 was gone and and it was really a though year for most of us I believe after experiencing the extreme bull market in late 2020 and 2021. Moreover, it is never easy to make a precise investing decision in the dynamic market as there are lots of uncertainties and factor would possibly affect the situation. Therefore, here am I and I just pop up some random ideas towards the market and i would like to share some of my thought in the following article.

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General View

S&P 500

• From the day chart, we can find out that there's kind of a support around 4150 and been test for four times.
• Today (April 29) we just experience a bounce after the free fall since last speech of Powell last week.
• A reversal inverse hammer on April 28.

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NQ 100

• Lower low exist on April 28.
• Bounce back today and almost has the similar movement with S&P 500.
• Reversal inverse hammer on April 28.

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HIVE

• The hive is still within the uptrend in large time-frame (Weekly chart)
• Thus we can still conclue that the HIVE is still in a slowly growing stage

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• By digging into a small time-frame (4H chart)
• One of the good things is that we can see that there is a slight increment in RSI, compare to the lowest price in last three months
• The structure is very similar from last time (Late Jan to Mid March, which pump from 0.7 to 1.3 )
• I just enter my long position for Hive (not financial advise) with tight stop loss

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Leo

• From the chart, we can find out that the price of LEO has been stabled around 0.2 usd for long time.
• Indicates that there is no panic sell due to the suffer of macro economic which is a good thing
• Support by the loyalty users

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Point to note

The structure of NQ and S&P looks very similar from the above pattern which is potentially believe to be a reverse signal in short-term. Therefore, let's wait and see how the market react on this.

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Conclusion

• For the reason I put crypto and US index together is that I believe they are manipulate by the same group of people of whale in The Wall Street. Therefore, basically high degree of correlation between two is one of my observation so far.
• In short-term, we see some reversal signal for day-trading which is the inverse hammer I mentioned above for the US index. So that the Bitcoin and ETH will consequently follow behind and have a bounce after suffering.
• In long-term, it is notable that we still need to be-aware of the US Index in general as it is still in a down trend in large time-frame. Besides that, there are still lots of uncertainties, the cost-side inflation, Federal Funds Rate, War and so on.....
• As a result, please be careful and do NOT be optimistic on the market. A reasonable and acceptable stop loss is ALWAYS your close friend. Peace out~

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The End

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