Day: July 29, 2022
Type: Bullish Rise Key Levels:Resistance: 0.63185Pivot: 0.62470Support: 0.61850 Preferred Case:On the H4, with prices moving within an ascending channel, RSI moving in an ascending trendline and above the ichimoku indicator, we have a bullish bias that price will rise from the pivot at 0.62490 where the overlap support is to the 1st resistance at 0.63825 […]
A crypto-friendly legislator believes the Commission’s regulation-by-enforcement approach to be ineffective. 1694 Total views 20 Total shares According to Senator Pat Tomey, famous for his vocal support for the crypto industry, the United States Securities and Exchange Commission (SEC) could have prevented the loss of $12 billion in assets by investors who trusted Celsius, a […]
Shares of Chevron Corp. CVX, +9.26% rallied 3.0% to pace the Dow Jones Industrial Average’s DJIA, +0.42% premarket gainers after blow-out second-quarter earnings, while Apple Inc.’s stock AAPL, +3.58% was second with a 2.7% jump, also after better-than-expected earnings. The implied price gains would had a combined 57 points to the Dow’s price, while Dow […]
Bitcoin (BTC) delivered a swift six-week high into July 29 as the aftermath of the latest macro developments boosted risk assets. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Monthly close could seal 20% gains Data from Cointelegraph Markets Pro and TradingView captured local highs of $24,445 for BTC/USD on Bitstamp, its best since the week beginning […]
An earlier version of this report had an incorrect adj. EPS number and consensus number. It has been corrected. Exxon Mobil Corp. shares XOM, +1.17% surged 2.5% in premarket trade Friday, after the oil giant blew past earnings estimates for the second quarter amid high oil prices and higher production. The company posted record net […]
EURUSD, “Euro vs US Dollar” As we can see in the H4 chart, after forming a Hammer reversal pattern close to the support area, EURUSD may reverse in the form of another ascending impulse. In this case, the upside target may be at 1.0290. However, an alternative scenario implies that the price may fall to […]
GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD is growing within the bullish channel. The instrument is currently moving above Ichimoku Cloud, thus indicating an ascending tendency. The markets could indicate that the price may test Tenkan-Sen at 1.2140 and then resume moving upwards to reach 1.2410. Another signal in favour of a further uptrend […]
Vitalik Buterin wrote that supporting DAOs with transferable governance tokens is contradictory and enables the power-hungry. 403 Total views 26 Total shares The governance discussion intensifies as decentralized autonomous organizations (DAOs) become more popular in the blockchain space. The dilemma between giving power to a specific few and the freedom to voluntarily delegate decision power […]
In a 243-187 vote on Thursday, the U.S. House of Representatives gave its approval for a $280 billion bill focused on domestic semiconductor manufacturing and scientific research. The Chips and Science Act of 2022, which provides $52.7 billion for the microchips industry, is expected to get signed into law quickly by President Joe Biden, who […]
Type: Bearish Momentum Key Levels:Resistance: 1.04235Pivot: 1.01325 Support: 1.00015 Preferred Case:On the H4, with price bouncing off the ichimoku cloud and RSI showing an ascending trendline, we have a bullish bias that price will continue to rise from the pivot at 1.01325 at the overlap resistance in line with the 61.8% fibonacci retracement. If price […]
