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Type: Bullish ReversalKey Levels:Resistance: 18.97Pivot: 18.25Support: 18.03Preferred Case: Price has already broken out of descending trendline and thus we are seeing a bullish reversal. Price is near pivot level of 18.25 in line 23.6% Fibonacci retracement. We expect price to reversal upwards to the resistance level of 18.97 in line with 78.6% Fibonacci retracement and […]
Bitcoin (BTC) has the potential to become a “good bet” for investors if the Federal Reserve does everything it can to keep the U.S. economy afloat against impending recession risks, according to popular analyst Bitcoin Jack. The independent market analyst pitted the flagship cryptocurrency, often called “digital gold” by its enthusiasts, against the prospects of […]
The number of MYSE-listed stocks reaching new 52-week highs was at 62 in morning trading Thursday, exceeding the number of new lows of 38. That puts the exchange on track to see more new highs than new lows for a second-straight session, following a streak of 18 sessions that new lows topped new highs. The […]
Shares of Bilibili Inc. BILI, -3.33% bounced 2.0% in premarket trading Thursday, after the China-based videogame company reported a wider-than-expected loss, as cost of revenue surged, but revenue that rose just above forecasts and announced a $500 million stock buyback program. Net losses widened to RMB2.09 billion ($330.4 million), or RMB5.34 a share, from RMB827.8 […]
NFT creators and marketplaces have been targeted by the SEC for conducting illegal activity in a new wave of regulatory action against unregistered securities. 4530 Total views 40 Total shares The United States Securities and Exchange Commission (SEC), led by crypto-skeptical Chairman Gary Gensler, is reportedly investigating nonfungible token (NFT) creators and marketplaces for securities […]
Oil futures posted a third straight gain on Wednesday, with U.S. prices ending at their highest in more than a decade, with no end in sight to the Russian invasion of Ukraine, which threatens to disrupt global crude supplies. The climb for oil prices followed data from the Energy Information Administration, which revealed weekly declines […]