Day: June 9, 2022
Type: Bearish ReversalKey Levels:Resistance: 14929Pivot: 14608Support: 13837Preferred Case:On the H4, with price moving into a bearish pressure area, we have a bearish bias that price will drop from the pivot at 14608 in line with the multiple swing highs to the 1st support at 13837 in line with the 78.6% fibonacci projection, 78.6% fibonacci retracement […]
Type: Bearish ReversalKey Levels:Resistance: 0.65658Pivot: 0.64704Support: 0.62937Preferred Case:On the H4, with price moving below the ichimoku cloud, we have a bearish bias that price will drop from the pivot at 0.64704 in line with the 100% fibonacci projection and overlap resistance to the 1st support at 0.62937 in line with the 78.6% fibonacci retracement.Alternative Scenario:Alternatively, […]
“Most cryptocurrencies go to the SEC […] Bitcoin and Ether would be certainly commodities, and that’s agreed upon,” said U.S. Senator Kirsten Gillibrand. 1984 Total views 32 Total shares United States Senators Kirsten Gillibrand and Cyntia Lummis believe that most altcoins would likely be considered securities under their proposed new legislation, but they confirmed that Bitcoin […]
Shares of Phoenix Motor Inc. PEV, -45.87% plunged out of the gate Wednesday, as the maker of electric drive systems and electric vehicle’s stock opened 13.3% below the initial public offering price and continued to trade lower. The company’s downsized IPO priced overnight at $7.50, at the lower end of the expected range of between […]
The honeymoon period for the Optimism layer-2 scaling solution has been cut short, as an exploit in its market maker’s smart contract led to the loss of 20 million OP tokens. The exploit took place on May 26 but has only just been reported to the community. One million tokens valued at about $1.3 million […]
Shares of Caterpillar Inc. CAT, +1.19% rose 1.2% in morning trading Wednesday, to pace the Dow Jones Industrial Average’s DJIA, -0.81% gainers, after the maker of construction and mining equipment raised its quarterly dividend by 8.1%. The company said the new dividend of $1.20 a share, up from $1.11 a share, will be payable on […]
Veteran futures trader Peter Brandt has suggested that the price of Ether (ETH) could drop to as low as $1,268 in the coming month, but the consensus view of 15,500 members of the CoinMarketCap community is that the price will have hit roughly $3,131 by June 30. The Ethereum network is now in the final […]
The National Retail Federation gave an update on the nation’s ports, saying it’s going to be a busy summer with high volumes of merchandise landing in the U.S. “Back-to-school supplies are already arriving, and holiday merchandise will be right behind them,” said Jonathan Gold, vice president for supply chain and customs policy for the NRF, […]
USDJPY, “US Dollar vs. Japanese Yen” In the H4 chart, USDJPY is trading above the 200-day Moving Average to indicate a possible ascending tendency. In this case, the price is expected to continue growing to reach the resistance at 6/8. However, this scenario may no longer be valid if the price breaks the support at […]
World Bank Cites Ukraine, Inflation & Supply Issues As Recession RisksIn its latest Global Economic Prospects report issued today, the World Bank warned that many countries are at severe risk of a “major recession” in the wake of the violence in Ukraine, inflation and supply-issues. In particular, the World Bank noted that less developed nations […]
