The United States Securities and Exchange Commission (SEC) has filed an amended complaint towards Ripple, alleging that it willfully misled investors with XRP. The amended complaint got filed just a few days before the pretrial hearing between the SEC and Ripple, which began on February 22. While it originally accused Ripple Labs and its top […]
S&P 500 Price Analysis – February 24 The S&P 500 picked up bids near the 3,856 level, up 0.20% during the European session on Wednesday. In doing so, the risk barometer rises for the first time in seven days. The market mood is mixed after a turbulent Tuesday – the Fed Chair Powell saved the […]
Key Resistance Levels: 1.4200, 1.4400, 1.4600Key Support Levels: 1.3400, 1.3200, 1.3000 USD/CAD Price Long-term Trend: BearishThe Loonie is on a downward move. The price broke level 1.2600 to resume the downward move. Nonetheless, on February 16 downtrend, a retraced candle body tested the 78.6% Fibonacci retracement level. The retracement indicates that the pair will fall […]
Key Support: 61.00 – 60.65 Key Resistance: 62.00 – 62.85 Long Term View After negative crude prices back in April 2020, price in WTI has rallied more than 1,000% and is now rejecting a previous low for a possible continuation. Historic Negative Prices Prices in $CL (crude futures) went negative in April 2020 because of […]
STELLAR Price Analysis – February 24 The price will reach $0.22 and $0.16 provided the support level of $0.33 does not hold. In case the $0.33 holds, the price may increase to the resistance level at $0.50 and $0.57 if the $0.42 level permits. Meanwhile, the relative strength index period 14 is at 40 levels […]
Key HighlightsEthereum slumps to $1,386.36 low and resumes upwardThe crypto has resumed upward and targets the $2,000 Ethereum ETH) Current StatisticsThe current price: $1,629.44Market Capitalization: $187,011,986,101Trading Volume: $50,431,709,770Major supply zones: $2,000, $2,200, $2,400Major demand zones: $1,800, $51,600, $1,400 Ethereum (ETH) Price Analysis February 24, 2021 Following the recent breakdown on February 20, the biggest altcoin […]
US Federal Reserve Chief Powell gives testimony on monetary policy before Congress. “The economy is still far from meeting its inflation and employment targets,” Powell said. His prepared remarks before addressing Congress also confirm that the outlook has improved. In a semi-annual testimony, Fed Chairman Jerome Powell admitted that “the number of new (coronavirus) cases […]
Moneygram International announced yesterday that it has halted operations on Ripple’s platform. The news came with the company’s Q4 and 2020 earnings report. In its outlook for the first quarter of 2021, Moneygram noted that it “is not planning for any benefit from Ripple market development fees in the first quarter,” adding that “due to […]
Key Resistance Zones: 33000, 33500, 34000Key Support Zones: 26000, 25500, 25000 US Wall Street 30 (US30USD) Long-term Trend: BearishUS Wall Street 30 is in an uptrend. The uptrend is being interrupted at level 31600. The index is presently retracing from the recent high. The price is now testing the 21-day SMA. The upward move will […]
