Day: April 8, 2022
A Bitcoiner has “pooled” off another mining innovation. The “waste” heat generated by mining Bitcoin (BTC) is used to warm his swimming pool. Bitcoin enthusiast Jonathan Yuan had kids who “love swimming, but the year before [he started using waste heat], they barely ever did it because it was always too cold for them.” Fortunately, […]
Citigroup Inc.’s stock C, +1.99% rose 2.0% in afternoon trading, reversing an intraday loss of as much as 0.4%, putting it on track to produce a “bullish engulfing” candlestick chart pattern that many technicians believe precedes a trend reversal. On Thursday, the stock had opened at $50.56 then closed at a 17-month low of $50.03. […]
EURUSD, “Euro vs US Dollar” As we can see in the H4 chart, the asset has formed an Inverted Hammer reversal pattern close to the support area. At the moment, EURUSD is reversing in the form of a new ascending impulse. In this case, the upside target may be at 1.0915. However, an alternative scenario […]
EURUSD, “Euro vs US Dollar” EURUSD has completed the descending wave at 1.0855 and may later start a new correction to reach 1.0955. After that, the instrument may resume trading downwards with the target at 1.0805. GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD is forming a new consolidation range around 1.3080. Possibly, the pair […]
Although Europe’s decision to ban Russian coal will affect a major source of Moscow’s revenue, it risks soaring electricity prices on the old continent, amid tight global supplies. The European Union on Friday formally adopted the fifth package of sanctions imposed on Russia since the invasion of Ukraine on February 24, including a ban on […]
Type: Bearish DipKey Levels:Resistance: 2344.5Pivot: 2298.0Support: 2165.5Preferred Case:We see the potential for a dip from our pivot at 2298.0 in line with 78.6% Fibonacci retracement towards our 1st support at 2165.5 in line with 78.6% Fibonacci Projection and 61.8% Fibonacci retracement. Our bearish bias is supported by the stochastic indicator where price is at resistance […]
Type: Bearish DipKey Levels:Resistance: 103.78Pivot: 95.09Support: 93.51Preferred Case:Prices have approached a pivot. We see the potential for a bounce from our pivot at 95.09 which is a graphical overlap and in line with 127.2% Fibonacci extension towards our 1st resistance at 103.78 in line with 127.2% Fibonacci Projection .Alternative Scenario:Alternatively, price may break our pivot […]
• Coca-Cola broke key resistance level 63.00• Likely to test resistance level 64.00 Coca-Cola recently broke the key resistance level 63.00 (which stopped the previous intermediate impulse wave (1) at the start of last month). The breakout of the resistance level 63.00 should further accelerate the active strong upward impulse wave 3 from March. Coca-Cola […]
• NZDUSD reversed from resistance zone• Likely to fall to support level 0.6830 NZDUSD currency pair recently reversed down from the resistance zone located between the round resistance level 0.7000 and the upper daily Bollinger Band. The pair just broke the support level 0.6890 (which has been reversing the price since March) – which accelerated […]
Russians reportedly hold about $130 billion in cryptocurrency but the government is yet to adopt crypto legislation. 2612 Total views 34 Total shares The Russian prime minister declared that the cryptocurrency holdings of Russians are worth billions of dollars but the government is yet to adopt a regulatory framework for the industry. Russians collectively hold […]
