Day: May 10, 2022
It’s been a tough start to the week for global equities indices with the four benchmarks tracked here each falling to multi-month lows on Monday. The growing wave of central bank monetary tightening, along with rising inflation and ongoing supply-chain risks is adding to fears of a global pull-back. Central bankers have warned about the […]
Type: Bearish ContinuationKey Levels:Resistance: 1622’6Pivot: 1611’2Support: 1581’0Preferred Case:With the ichimoku indicating some bearish momentum, we have a bearish bias that price will drop to our 1st support in line with the swing low support at 1581’0 from our pivot of 1611’2 in line with the 38.2%, 50% Fibonacci retracement and 78.6% Fibonacci projection.Alternative Scenario:Alternatively, price […]
• Silver under strong bearish pressure• Likely to fall to support level 21.00 Silver under the strong bearish pressure after the price broke below the long-term support level 22.00 (the previous monthly low from January and February). The breakout of support level 22.00 accelerated the active intermediate ABC correction (2) from the start of March. […]
• AUDUSD broke support zone• Likely to fall to support level 0.6900 AUDUSD currency pair recently broke the support zone lying between support levels 0.7025 (low of the previous wave (1)) and 0.7000. The breakout of this support zone accelerated the active impulse wave 3 of the medium-term impulse wave (3) from the start of […]
Floor prices for some of the most popular NFT collections are slipping to their lowest levels in over a week, including the top-traded Otherdeed for Otherside metaverse land. 4090 Total views 22 Total shares The contentious Otherdeed for Otherside nonfungible token (NFT) floor price has dropped below its mint price to 2.45 Ether (ETH), worth about […]
PetMed Express Inc. PETS, +6.05% says its fiscal fourth-quarter sales suffered from a slow start to the flea-and-tick season, but the company expects that part of the business to bounce back as the warm weather sets in. “[A] cooler March in much of the country delayed the start of the flea-and-tick season, a season which […]
Bitcoin (BTC) fell below $30,000 for the first time in ten months on May 10 as turmoil at Blockchain protocol Terra continued. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin price bounces at $29,700 Data from Cointelegraph Markets Pro and TradingView showed BTC/USD plumbing lows of $29,731 on Bitstamp. The first trip under the $30,000 mark […]
Stocks opened higher Tuesday, attempting to bounce a day after a selloff took the S&P 500 to its lowest close since March 31, 2021. The Dow Jones Industrial Average DJIA, +0.20% jumped 481 points, or 1.5%, after rising more than 500 points in the opening minutes. The S&P 500 SPX, +0.39% jumped 1.9% to 4,066, […]
The market value of UST, Terra’s stablecoin offering, recently fell below the expected $1 price point as LUNA’s price witnessed a sharp decline owing to a significant selloff. 7312 Total views 51 Total shares As the crypto community still tries to decipher Terra’s ongoing pegging-de-pegging fiasco in relation to its stablecoin offering TerraUSD (UST), major […]
The SPDR S&P Biotech ETF XBI, -8.21% closed at a five-year low of $64.37 on Monday as U.S. stocks plunged on concerns about continued inflation and the threat of weaker growth. The last time the price for the biotech ETF was down this low was in December 2018. “A combination of clinical and regulatory setbacks, […]
