News
Optimism’s freshly launched governance token, OP, has plunged 40% since peaking at $2.10, leading members of the community to discuss baring those who dumped their tokens from future airdrops. Cointelegraph reported on Tuesday that the Ethereum layer-2 scaling solution was overwhelmed with demand for the first OP governance token airdrop, as 5% of the token […]
Shares of mattress makers took a dive Wednesday, after Wedbush analyst Seth Basham said he has seen signs suggesting Memorial Day sales came up short. That “negative” sales weekend came despite what Basham said in a pre-weekend note were signs of “incremental promotional intensity” and “outsized discounting” to goose sales. Shares of Tempur Sealy International […]
Energy was the only one of the S&P 500’s SPX, -0.75% 11 key sectors to be gaining ground Wednesday, as rallies in crude oil and natural gas futures offset concerns over the start of the Federal Reserve’s move to reduce liquidity in the marketplace. The SPDR Energy Select Sector ETF XLE, +1.63% climbed 1.5% toward […]
EURUSD, “Euro vs US Dollar” Having completed the descending impulse at 1.0680 along with the correction up to 1.0746, EURUSD is forming another descending wave towards 1.0623. Later, the market may form one more ascending structure to return to 1.0680 and then resume moving within the downtrend with the target at 1.0584. GBPUSD, “Great Britain […]
BTC improved pretty much in the last couple of days. On Wednesday, the major cryptocurrency is trading at $31,540. The crypto market capitalisation is currently $1.313 trillion and the BTC share is about 46%. Some important resistance is now at $30,700. After fixing above this level, the BTC may continue rising towards $32,250 or even […]
Type: Bullish RiseKey Levels:Resistance: 17.980Pivot: 17.430Support: 16.990Preferred Case:Price is moving within the ascending trend channel and is breaking through the ichimoku cloud in an uptrend momentum which supports our bullish bias that price will rise from the pivot at 17.430 where the overlap support and 23.6% fibonacci pullback to the 1st resistance at 17.980 in […]