Reuters wrote, the dollar held close to a 14-month high against the euro on Thursday, as a surge in energy prices raised the risk for the Federal Reserve to act sooner to normalise policy.
The chart tells, that EURUSD achieved the zone where EURUSD can find support from:
- the bottom line of the channel
- the psycho level 1.15
Price reached the global resistance line.
Price/volume relationships show lack of bullish progress despite the high volume of trading. It means the profit-fixing action from professional side who SELL coins to the FOMO-flow of newcomers.
That is why market does need some correction.
There are two lines drawn on the chart - $30,000 and $40,000 per coin. Note the Shakeout. This huge volume with the price closing far from the lows of the bar is bullish in nature because the bar aims to kick out as many bitcoin holders as possible. Therefore, we could well expect the price to further push back from the $30,000 level and resume rising, as the...
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In recent days, we have seen an increase in activity on the Peloton Interactive PTON stock market. This activity is primarily due to the profits, which...