James Chen, CMT is an expert trader, investment adviser, and global market strategist. Somer G. Anderson is CPA, doctor of accounting, and an accounting and finance professor who has been working in ...
A support level is the low end of the price range for an investment over a certain period. Buyers generally see that asset as fairly priced and thus tend to buy it if it falls lower, preventing ...
Well, the hopes and dreams of the bulls have been dashed this week after Bitcoin closed the week out at $94.290, below the key $96,000 weekly support level. In the weeks ahead, we should expect more ...
It was a very disappointing week for bitcoin price action last week. Monday saw a nice move up into resistance, but that momentum quickly faded as bitcoin retraced the bullish move to end up right ...
It will be a bearish end to the week for cryptocurrencies as Bitcoin, Ether, XRP, and other major altcoins are currently in the red. Bitcoin’s price has dropped below the $97k level, while Ether is ...
Bitcoin's drop toward $37,000 on March 7 was met with modest buying sentiment, leading to a price rebound above $39,000 on March 8. Interestingly, the upside retracement move originated around the ...
Block stock (NYSE: XYZ)is currently down 16% this month, primarily due to disappointing Q3 results. However, investors should put XYZ on their radar. The core reason is its strong historical support ...
Apple Inc.'s price will shrink with market bites, it is looking for support. The support level that holds depends on portfolio managers' willingness to start buying again. The first test of support ...
JD stock price plunged in the first half of 2023 due to the sluggish recovery of the Chinese economy from COVID-19 restrictions and fierce domestic competition. Despite the downturn, the stock price ...