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Type: Bullish BounceKey Levels:Resistance: 0.67284Pivot: 0.65331Support: 0.63834Preferred Case:We see the potential of bullish bounce from pivot level of 0.65331 in line up with 161.8% fibonacci extension and 78.6% fibonacci projection towards the 1st resistance level of 0.67284 in line with 38.2% fibonacci retracement.Alternative Scenario:Alternatively, price might break through the key pivot level and trigger a […]
The Consumer Financial Protection Bureau (CFPB) said Monday it’s tapping a mostly unused legal provision to examine nonbank financial companies that pose risks to consumers. “The CFPB believes that utilizing this dormant authority will help protect consumers and level the playing field between banks and nonbanks,” it said in a prepared statement. The CFPB is […]
Bitcoin (BTC) starts a new week in an uncertain place facing uncertain times — is $40,000 now resistance? The largest cryptocurrency has just closed a fourth red weekly candle in a row, something that has not happened since June 2020. As cold feet over the macro market outlook continues to be the norm, there seems […]
White House press secretary Jen Psaki on Monday said President Joe Biden has concerns about social-media companies’ power after Twitter’s TWTR, +5.66% board agreed to a sale to billionaire Elon Musk. “No matter who owns or runs Twitter, the president has long been concerned about the power of large social-media platforms — with the power […]
If passed, the suspension of both new licenses and renewal applications will last for two years. 706 Total views 72 Total shares New York’s legislature might ban proof-of-work (PoW) crypto mining in the state for at least two years, citing environmental concerns. Over the past weekend, on Saturday and Sunday, several crypto advocacy groups — […]
All three major U.S. stock benchmarks closed higher Monday, recovering from losses earlier in the trading session, as Treasury yields fell and investors appeared to shrug off concerns over China’s Covid-19 lockdown. The Nasdaq Composite COMP, +1.29% led the way higher with a 1.3% gain, followed by the Dow Jones Industrial Average, which finished up […]