Latest Market News

Type: Bullish Rise Key Levels:Resistance: 8.440Pivot: 7.630Support: 6.965 Preferred Case: On the H4, price has bounced off the 127.2% extension levels forming a triple bottom. We have a bullish bias that the price may rise from the pivot at 7.630, which is in line with the 50% fibonacci retracement to 1st resistance at 8.440, where […]

The potential $1 billion funding round would add to the $400 million FTX raised in January, with the firm said to be seeking more capital to snap up deals amid the crypto winter. 638 Total views 6 Total shares Sam-Bankman Fried’s crypto exchange FTX is reportedly engaged in talks with investors to raise $1 billion […]

USDJPY, “US Dollar vs. Japanese Yen” As we can see in the H4 chart, USDJPY is trading near the downside border of the “overbought area”. In this case, the price is expected to rebound from 8/8 and then correct down to the support at 6/8. However, this scenario may no longer be valid if the […]

JPMorgan CEO Jamie Dimon regards crypto as a tale of two cities, with “crypto tokens that you call currencies” on one side and “real” innovations on the other. 392 Total views 14 Total shares While testifying before United States (U.S.) lawmakers, JPMorgan Chase CEO Jamie Dimon referred to himself as a “major skeptic” on “crypto […]

Type: Bullish Drop Key Levels:Resistance: 8.315Pivot: 7.7151st Support: 7.3652nd Support: 5.360 Preferred Case:On the H4, the price is showing a shoulder head pattern and below ichimoku cloud , if the pattern is confirmed, we would have a bearish bias that the price may drop from the pivot at 7.715, which is in line with the […]

Type: Bullish Drop Key Levels:Resistance: 20.915Pivot: 19.700Support: 17.375 Preferred Case:On the H4, with the price is moving below the ichimoku cloud and descending trendline, we have a bearish bias that the price may drop from the pivot at 19.700, which is in line with the pullback resistance, 78.6% fibonacci projection and 23.6% fibonacci projection to […]