BTC/USD: Follow up
So it took a bit longer than we thought but (unfortunately) we were tight.
Bitcoin dropped to the first support, closed the 4H candle there and immediately dropped to the second support line and bounced a bit.
What now?
Bitcoin will once again try to fall below $42,200 during the next 24 hours.
In case it will, we will likely see a fast drop...
Wells Fargo shares gained nearly 15% so far this year ahead of its fourth-quarter earnings, which is expected to enjoy better loan activity and a higher net interest income than that seen in early last year due to favorable industry trends.
The fourth-largest U.S. lender is expected to report its fourth-quarter earnings of $1.11 per share, which represents a...
Bitcoin is now at a supercritical support level (see the red circle).
Breaking downward, will lead us to a down trend and a decrease of about 5%.
Trade safe!
BINANCE:ADAUSDT ADA/USDT: Cardano is on the edge!
Based on pure technical analysis and due to the fact we (personally) think that Cardano (ADA) is here to stay, it can be a great opportunity to jump on board.
If you're not here for the long run, wait until you'll get the confirmation that the rate won't drop below $2.286 per ADA.
Trade Safe
NYSE:TGT
Target went against the consensus and proved it worthwhile to invest in physical stores
Four years after disappointing investors with its decision to prioritize traditional branches, the retail giant is enjoying a steady rise in revenue, which soared during the pandemic.
At the heart of the strategy: listening to customers and better training...
The Company will increase the number of participants in the study on the effectiveness of the vaccine on children between 6 months to 12 years old.
In previous reports from the end of July, the company announced that 7,000 participants would participate in the study and now it is reported that following the FDA requirement, the company will increase the number of...
According to its quarterly report the company's Net income jumped 101% in the second quarter
The company posted revenue of $29.1 billion in the quarter – well above forecasts. However, the company warns of a significant slowdown in the growth rate of revenue in the second half.
The dramatic increase in Facebook revenue is particularly due to the change in the...
BITSTAMP:BTCUSD
Amazon yesterday denied the reports that it plans to start accepting payments in Bitcoin by the end of the year.
As we can see on the 4H BTC/USD chart, the momentum is still positive and Bitcoin continues to gain interest among the traditional investors and manages to keep the uptrend.
Many traders know that there is a very strong positive correlation (in most cases) between this pair and the global stock market shape.
In recent days we have seen a recovery in the stock markets and it seems that the recovery of the US dollar against the Japanese yen will continue in the coming days according to the ongoing recovery in the global stock markets.
FX:USDJPY
The British pound will probably continue its fair against the Japanese Yuan in the coming days and will reach a support level of 149.4 JPY per 1 GBP.
The positive trend from the beginning of the year can continue from this point so it is not the right time to make decisions about trading this pair but without a doubt, follow it and wait until reaching the next...
NASDAQ:AAPL
The tech apple is trapped between the annual peak which if it breaks downward, we may see a sharp drop of about 10% to the previous peak of 2020, and the all-time high of the stock which of course its investors expect to try to break that rate again and bring back its momentum from the past several months.
There is no doubt that the company will...
The positive momentum does not seem to continue in the long run, based on the daily chart.
We can definitely see another recovery upward during the next few days but the rate should be lower than now in about 3-4 weeks from now.
Trade safe!
On the basis of pure technical analysis, we can see that another downtrend is comping.
As we know, the price of gold and the stock market often work in the opposite direction, a negative correlation because gold is considered a safe asset compare to the stock and crypto markets that are considered highly volatile and risky.
The chart is a daily chart meaning,...
FX:USDJPY
The US dollar is in great momentum, actually, since last month, we can see a clear uptrend but, is it enough to break the resistance line which has been stable since March 2019? we'll find out soon.
Trade safe!
The world’s top commodity traders have forecast a return to $100-a-barrel oil
TVC:USOIL
An investment in new supplies slows down before demand has peaked and before green alternatives can take up the slack.
Executives from Vitol, Glencore, and Trafigura, and Goldman Sachs said that $100 crude was a real possibility on Tuesday, with prices already reaching...
If Bitcoin drops below the purple support line- we'll be on the way to $20,000.
The next resistance line is currently around $39,800, this is the real test that Bitcoin currently has.
COINBASE:BTCUSD
