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Type: Bullish Bounce Key Levels:Resistance: 1.20531Pivot: 1.19335Support: 1.17551 Preferred Case:On the H4, with prices breaking out of the descending channel and RSI moving along an ascending trendline, we have a bullish bias that prices will rise from the pivot at 1.19335 where the 38.2% fibonacci retracement and pullback support are to the 1st resistance at […]
Type: Bearish Reversal Key Levels:Resistance: 1.03532Pivot: 1.0198Support: 0.99541 Preferred Case:On the H4, with price moving within the descending trend channel, we have a bearish bias that price will drop from the pivot at 1.0198 at the swing high in line with the 38.2% fibonacci retracement and 100% fibonacci projection to the 1st support at 0.99541 […]
“Bitcoin is for billions, not billionaires,” a phrase first coined by investment researcher Lyn Alden, could soon become a reality, according to Fedimint. The protocol that aims to scale Bitcoin (BTC) while making it more private has been buoyed by a $4.2 million seed round for the Fedi application. Cointelegraph spoke to Obi Nwosu, co-founder […]
Shares of Fastly Inc. FSLY, -5.98% were falling 4% in premarket trading Tuesday after RBC Capital Markets turned bearish on the cloud-computing stock. “Fastly scores low on our five-factor recession framework, therefore we believe it will see a disproportionate impact in the downturn, owing to its consumption-based model, high startup exposure, lack of profitability, and […]
APE has been pursuing a rare ascending triangle reversal breakout, with its profit target at $8.40. 988 Total views 40 Total shares ApeCoin (APE) rallied to start the week as traders considered Yuga Labs’ decision to open its Otherside metaverse for selected users. In doing so, the token broke out of a technical pattern that […]
Internet Brands Inc. said Tuesday it drew an enterprise value of $12 billion as part of a recapitalization in which Warburg Pincus invested an undisclosed sum in the El Segundo, Calif.-based online media and software services company. KKR & Co. Inc. KKR, +0.97% will remain the majority investor in Internet Brands, with existing investor Temasek […]