🇧🇷 Brazil’s oldest bank allows residents to pay their taxes using #crypto
#Educational
Descending triangle
A descending triangle signifies a bearish continuation of a downtrend. Typically, a trader will enter a short position during a descending triangle – possibly with CFDs – in an attempt to profit from a falling market.
Descending triangles generally shift lower and break through the support because they are indicative of a market dominated by sellers, meaning that successively lower peaks are likely to be prevalent and unlikely to reverse.
Descending triangles can be identified from a horizontal line of support and a downward-sloping line of resistance. Eventually, the trend will break through the support and the downtrend will continue.
Descending triangle
A descending triangle signifies a bearish continuation of a downtrend. Typically, a trader will enter a short position during a descending triangle – possibly with CFDs – in an attempt to profit from a falling market.
Descending triangles generally shift lower and break through the support because they are indicative of a market dominated by sellers, meaning that successively lower peaks are likely to be prevalent and unlikely to reverse.
Descending triangles can be identified from a horizontal line of support and a downward-sloping line of resistance. Eventually, the trend will break through the support and the downtrend will continue.
Consumer Federation of California reattempts to regulate #crypto companies
Assemblymember Timothy Grayson introduced the Digital Financial Assets Law to protect Californians from financial hardship and foster responsible innovation.
Assemblymember Timothy Grayson introduced the Digital Financial Assets Law to protect Californians from financial hardship and foster responsible innovation.
#Bitcoin could hit $10M in 9 years but more sidechains needed : Blockstream CEO
If Back and Finney’s $10 million price prediction becomes true, the BTC market cap will reach approximately $200 trillion.
If Back and Finney’s $10 million price prediction becomes true, the BTC market cap will reach approximately $200 trillion.
🇺🇸U.S. Economic Data This Week:
CPI Inflation (Tues.)🔥
Retail Sales (Wed.)
Ny Fed Manufacturing Index (Wed.)
PPI Inflation (Thurs.)
Philly Fed Manufacturing Index (Thurs.)
Jobless Claims (Thurs.)
Housing Starts (Thurs.)
CPI Inflation (Tues.)🔥
Retail Sales (Wed.)
Ny Fed Manufacturing Index (Wed.)
PPI Inflation (Thurs.)
Philly Fed Manufacturing Index (Thurs.)
Jobless Claims (Thurs.)
Housing Starts (Thurs.)
#Educational
Relative strength index (RSI)
RSI is mostly used to help traders identify momentum, market conditions and warning signals for dangerous price movements. RSI is expressed as a figure between 0 and 100. An asset around the 70 level is often considered overbought, while an asset at or near 30 is often considered oversold.
An overbought signal suggests that short-term gains may be reaching a point of maturity and assets may be in for a price correction. In contrast, an oversold signal could mean that short-term declines are reaching maturity and assets may be in for a rally.
Relative strength index (RSI)
RSI is mostly used to help traders identify momentum, market conditions and warning signals for dangerous price movements. RSI is expressed as a figure between 0 and 100. An asset around the 70 level is often considered overbought, while an asset at or near 30 is often considered oversold.
An overbought signal suggests that short-term gains may be reaching a point of maturity and assets may be in for a price correction. In contrast, an oversold signal could mean that short-term declines are reaching maturity and assets may be in for a rally.
#Solana
It has formed a bearish channel and is at the support of $20.00-20.50. The continuation of negative news in the market will cause the support to fail and the price will reach 18$ .
It has formed a bearish channel and is at the support of $20.00-20.50. The continuation of negative news in the market will cause the support to fail and the price will reach 18$ .
#Binance has endured some $831 million of net outflows in the past 24 hours, Nansen data shows
#VRA with support, it faces $0.0078 - $0.0085. and has reached the bottom of the channel. If the support is broken, there is a possibility of a decline to $0.0054. Negative divergence is also observed.
#Bitcoin started ranging just above the major support level . Price looks too much corrective while going down. Still, eyes on $21,070 - $21,300. Anticipating a reversal from there and in case of break, bearish trend might continue.
#Ethereum has broken the $1,500-1,520 support zone, but the break was not too strong and there is a possibility of a price reversal if the dynamic resistance is crossed. The next support is $1400.
#FTM
An ascending harmonic pattern is observed on the chart and the price will probably grow to the resistance of $0.600-0.612.
An ascending harmonic pattern is observed on the chart and the price will probably grow to the resistance of $0.600-0.612.
#Dogecoin is facing a support range of $0.079 - $0.081. If the support holds, the rally is likely to continue up to $ 0.098, and if the support is broken, the next support is the $ 0.068 price zone.
#Educational
What Is a Death Cross?
The "death cross" is a market chart pattern reflecting recent price weakness. It refers to the drop of a short-term moving average—meaning the average of recent closing prices for a stock, stock index, commodity or cryptocurrency over a set period of time—below a longer-term moving average. The most closely watched stock-market moving averages are the 50-day and the 200-day.
What Is a Death Cross?
The "death cross" is a market chart pattern reflecting recent price weakness. It refers to the drop of a short-term moving average—meaning the average of recent closing prices for a stock, stock index, commodity or cryptocurrency over a set period of time—below a longer-term moving average. The most closely watched stock-market moving averages are the 50-day and the 200-day.