Day: May 13, 2022
After two days of silence, the Terra founder has issued a new governance proposal to keep the community alive and compensate token holders. 10328 Total views 49 Total shares Terraform Labs co-founder Do Kwon has tabled a proposal to preserve the Terra ecosystem following the historic depegging of its algorithmic stablecoin, UST, and the resulting […]
Stock market internals suggest investors are exhibiting panic-like buying behavior as the market indexes rally, according to the Arms Indexes of both major exchanges. The Arms is a volume-weighted breadth measure that compares the ratio of advancing stocks to declining stocks to the ratio of advancing volume to declining volume, in order to gauge the […]
GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD is testing Tenkan-Sen and Kijun-Sen. The instrument is currently moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that the price may test the cloud’s downside border at 1.2245 and then resume moving downwards to reach 1.2035 Another signal in favour of a […]
EURUSD, “Euro vs US Dollar” As we can see in the H4 chart, the asset has formed a Harami 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 1.0470. However, an alternative scenario implies […]
Gold prices fell, during trading today, Friday, May 14, 2022, and remained near their lowest level in 3 months, with the dollar rising and recording its highest level in two decades. The rise in the US currency weakened the demand for bullion priced in dollars, as the yellow metal is heading to record its fourth […]
Type: Bullish BounceKey Levels:Resistance: 801’6Pivot: 791’4Support: 783’0Preferred Case:With price moving above our Ichimoku cloud, we have a bullish bias that price will rise to our 1st resistance in line with the horizontal pullback resistance from our pivot of 791’4 in line with the 38.2% Fibonacci retracement and horizontal pullback support area.Alternative Scenario:Alternatively, price may break […]
Type: Bullish BounceKey Levels:Resistance: 1634’2Pivot: 1611’0Support: 1591’2Preferred Case:With price moving above our Ichimoku cloud, we have a bullish bias that price will rise to our 1st resistance in line with the horizontal swing high resistance from our pivot of 1611’0 in line with the 50% Fibonacci retracement and horizontal pullback support area.Alternative Scenario:Alternatively, price may […]
• American Express reversed from key support zone• Likely to rise to resistance level 165.00 American Express recently reversed up from the key support zone lying between the support levels 155.00 and 150.00 (multi-month low from December). This support zone was further strengthened by the lower daily Bollinger Band. American Express can be expected to […]
• CADCHF broke resistance level 0.7700• Likely to rise to resistance level 0.7800 CADCHF currency pair rising steadily after the price broke above the resistance level 0.7700 (which stopped the previous minor impulse wave (i) at the start of this month). The breakout of the resistance level 0.7700 coincided with the breakout of the daily […]
The past week has been a dark period in the history of crypto, with the total market capitalization of this industry dipping as low as $1.2 trillion for the first time since July 2021. The turmoil, in large part, has been due to the real-time disintegration of Terra, a Cosmos-based protocol that powers a suite […]
