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SEC vs. Ripple Saga: Garlinghouse and Larsen’s Lawyers File for Dismissal

Ripple’s CEO Brad Garlinghouse and co-founder Chris Larsen have just appealed to Judge Analisa Torres in two separate motions to dismiss the US SEC’s amended complaint against Ripple Labs and its executives. Attorneys representing Garlinghouse stated in the letter that the suit by the SEC against Ripple was just a “regulatory overreach.” The attorneys argued […]

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stamps.com shipstation

Stamps.com is a long-term buy at these beaten down prices

US mailing and shipping solutions company Stamps.com (SMTP) reported stellar earnings in mid February but the shares nevertheless fell a whopping 19%. Adjusted fourth-quarter earnings per share came in at $4.13, almost double analyst forecasts of $2.62. Indeed, whichever valuation metric you choose to measure the firm on, it is among the best performers in […]

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Gold downside capped by March highs

Key Support: 1700 – 1703 Key Resistance: 1757 – 1565 Mid Term View Since we hit all time highs Gold has declined about 18% in roughly 200 days. 1H Chart Analysis After moving down and breaking a super important level (1765 – May highs) Gold is sitting back and retesting the next key level, the […]

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Bitcoin Suffers Dip Below $50k Following Bloodbath in the Equity Markets

Bitcoin’s (BTC) recent bull run above the $50k mark appears to have veered off-course, as the cryptocurrency has fallen below the highly-coveted psychological level, once again. Meanwhile, most altcoins either stalled or posted significant dips as well, while the cryptocurrency market struggles to keep its capitalization above $1.5 trillion. That said, it appears that yesterday’s […]

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USDCAD SHORTS AT THE WEEKLY PIVOT

Key Resistance: 1.2680 Key Support: 1.2600 – 1.2500 Long Term View The USDCAD has been in a very strong down move for the past few months and now it the upside has been capped by the 1.2740 which has been the weekly high of the past 3 weeks. 1H Chart Analysis This week the USDCAD […]

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USD/JPY Is in a Strong Uptrend, Reaches the Overbought Region

Key Resistance Levels: 111.000, 112.000, 113.000Key Support Levels: 104.000, 103.000, 102.000 USD/JPY Price Long-term Trend: BullishThe USD/JPY has continued its upward move. On February 17 uptrend; a retraced candle body tested the 38.2% Fibonacci retracement level. The retracement indicates that the Yen will rise to level 2.618 Fibonacci extensions or level 108.18 . Daily Chart […]

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