Market StructureThe overall trend is bearish.Price has been making Lower Highs (LH) and Lower Lows (LL) consistently.The strong bearish impulse from around 1.1610 to 1.1320 confirms sellers remain in control.The recent bounce from 1.1320 appears to be a corrective move rather than a trend reversal.Current Situation I can see:Price is sitting around 1.1433.It has broken…
Rumors suggest a prolonged bearish trend for Bitcoin extending into October, which aligns with the 200 EMA acting as macro support. Based on my analysis, price could drop to mitigate the 25.5K or 21.5K liquidity pools before a massive expansion well past the current ATH, offering a potential 1,200% to 1,440% growth trajectory toward macro…
HYPEUSDT on the 30-minute timeframe is showing a symmetrical triangle breakout after an extended period of price compression. The breakout has occurred above the descending trendline, indicating a potential shift in short-term market structure. The current price is trading around 71.25 USDT, remaining above the breakout zone. Holding above the former triangle resistance could help…
(Corrects quote in paragraph 2, adding reference to ‘in households or the business sector, in the financial markets’) By Francesco Canepa and Howard Schneider SINTRA, Portugal, July 1 (Reuters) – Federal Reserve Chairman Kevin Warsh said on Wednesday he will stick firmly to the U.S. central bank’s 2% inflation target and “disappoint” anyone who expects…
Cryptocurrencies are tentatively recovering to begin the year’s third quarter. On July 3, Bitcoin (CRYPTO: $BTC) was trading at $62,128 U.S., having gained 1% in the last 24 hours. Bitcoin’s price is back above the key support level of $60,000 U.S. that analysts say is needed for a sustained rally to begin. A week ago,…
Closely followed investor Cathie Wood bought the dip in several crypto stocks during June. Through her Ark Invest asset management firm, Wood bought more than $75 million U.S. worth of beaten down crypto stocks during June. Specifically, Wood bought $44 million U.S. worth of stock in cryptocurrency exchange Coinbase Global (NASDAQ: $COIN). More From…
Oracle Corporation (NYSE:ORCL) is one of the stocks with rising earnings estimates and fresh catalysts. The stock has 22 upward EPS revisions and 14 downward revisions for the upcoming fiscal year over the last three months, while revenue estimates show 30 upward revisions and 5 downward revisions. The ranking is held back by the downward…
AppLovin Corporation (NASDAQ:APP) is one of the stocks with rising earnings estimates and fresh catalysts. The stock has 2 upward EPS revisions and no downward revisions for the upcoming fiscal year over the last three months, while revenue estimates show 23 upward revisions and 2 downward revisions. That makes AppLovin a lower-ranked name on earnings…
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. The Government of India has expressed concerns over Meta Platforms Inc. introducing usernames on its messaging platform, WhatsApp, citing a potential increase in cybercrime. Despite the backlash, Meta defended its decision. Meta’s WhatsApp introduced the username feature on Monday, touting it…
Governments should take a more active role in regulating AI, according to a new survey of members of the Institute of Chartered Accountants of Scotland (ICAS). The survey found that 60% of chartered accountants (CAs) want greater government intervention in AI regulation. That compares with 15% who said they do not. The findings are based…
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