Day: May 13, 2022
Type: Bullish BounceKey Levels:Resistance: 1196’4Pivot: 1154’2Support: 1132’6Preferred 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 1154’2 in line with the 38.2% Fibonacci retracement and and 78.6% Fibonacci project.Alternative Scenario:Alternatively, price may […]
Binance suspended LUNA/BUSD and UST/BUSD on its spot trading platform following the halting of the Terra blockchain. 5437 Total views 24 Total shares Global cryptocurrency exchange Binance has suspended trading pairs with Terra ecosystem’s cryptocurrencies, LUNA and TerraUSD (UST), on its platform following the major crash of the algorithmic stablecoin. Binance confirmed the move on May […]
The daily average for new COVID-19 cases climbed to a three-month high as hospitalizations have also increased, while deaths slipped. The seven-day average of new cases was 87,522 on Thursday, up 59% in two weeks and the highest number seen since Feb. 21, according to a New York Times Tracker. The state with the biggest […]
There has been a spate of “crypto muggings” in London recently, with thieves threatening crypto holders with violence unless they transfer over their digital currencies held in mobile phone wallets or on crypto exchanges. As detailed by The Guardian UK, crime reports from the City of London police detail how thousands of dollars worth of […]
Gold futures finished sharply lower on Thursday as a surging dollar pushed higher on inflation concerns. June gold GCM22, -0.12% shed about 1.6%, or $29.10, ending at $1,824.60 an once on Comex. That was the biggest daily percentage decrease for the most-active gold contract since May 2, according to FactSet data. The precious metal came […]
Aurora, an EVM scaling mechanism on the Near protocol, has launched a $90 million token fund in partnership with Proximity Labs to attract new developers. 1286 Total views 27 Total shares Aurora, an Ethereum Virtual Machine (EVM) designed to scale decentralized applications (DApp) built on the Near protocol, has launched a token fund worth $90 […]
The House committee probing the Jan. 6 attack on the U.S. Capitol has subpoenaed House Minority Leader Kevin McCarthy and four other Republican lawmakers as part of its investigation into the causes of the insurrection. In addition to McCarthy, of California, the panel subpoenaed Reps. Scott Perry of Pennsylvania, Jim Jordan of Ohio, Andy Biggs […]
AUDJPY Breakdown UnderwayThe recent AUDJPY short idea highlighted in a market spotlight this week has now hit its first target at 89.13. The reversal in risk appetite over recent session and the rise in safe haven support for JPY has helped drive the pair lower and with the retail market reducing its net-short position rapidly […]
Type: Bearish ContinuationKey Levels:Resistance: 791’0Pivot: 782’4Support: 769’4Preferred Case:With price expected to reverse off the Ichimoku resistance, we have a bearish bias that price will drop to our 1st support in line with the horizontal swing low support from our pivot of 782’4 in line with the horizontal swing high support and 38.2% Fibonacci retracement.Alternative Scenario:Alternatively, […]
The SEC’s “crypto mom” Hester Peirce has said the regulatory “movement” around stablecoins needs to allow for “trial and error” and room for failure. 405 Total views 2 Total shares Commissioner Hester Peirce — also known as the Securities and Exchange Commission’s (SECs) “crypto mom” — has backed a regulatory framework for stablecoins that allows […]
