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Shares of Signature Bank SBNY, -13.67% sank 12.8% in afternoon trading Monday, enough to pace the S&P 500’s SPX, -3.88% decliners, as the New York-based bank was hurting from a broad selloff in the financial sector and from the plunge in bitcoin BTCUSD, -2.75% toward an 18-month low. The stock was headed for the biggest […]
Type: Bearish MomentumKey Levels:Resistance: 16.775Pivot: 16.610Support: 16.040Preferred Case:On the H1, with price moving below the ichimoku indicator and price breaking the ascending trendline, we have a bearish bias that price will drop from our pivot at 16.610 in line with the 23.6% fibonacci retracement and overlap resistance to the 1st support at 16.040 in line […]
Type: Bearish MomentumKey Levels:Resistance: 28330Pivot: 27390Support: 260780Preferred Case:On the H4, with price moving below the ichimoku cloud, we have a bearish bias that price will continue to drop from the pivot at 27390 at the overlap resistance in line with the 61.8% fibonacci retracement to the 1st support at 260780 in line with the swing […]
The United States equities markets extended their decline to start the week on June 13. The S&P 500 hit a new year-to-date low and dipped into bear market territory, falling more than 20% from its all-time high made on Jan. 4. The cryptocurrency markets are tracking the equities markets lower and the selling pressure further […]
Gold futures fell on Monday to settle at their lowest price in more than three weeks. A continued surge in U.S. Treasury yields to levels last seen in 2007, along with the strength of the U.S. dollar saw gold reverse the price rise seen at the end of last week, said Michael Hewson, chief market […]
The E-Stablecoin would require several scientific advancements that are already in the works, and would allegedly make it possible to transmit electricity almost for free. 6669 Total views 47 Total shares Researchers at the federally funded Lawrence Livermore National Laboratory in California have combined statistical mechanics and information theory to design a class of stablecoin […]