Markets

EOS price is trading in a positive zone above the $2.150 support against the US Dollar.The price is likely to start a strong increase if it breaks $2.400 and $2.500.There is a key contracting triangle forming with resistance near $2.400 on the 4-hours chart of the EOS/USD pair (data feed from Coinbase).The current price action is positive and suggesting more gains above $2.400 and $2.500.EOS price is slowly gaining bullish momentum above $2.200 against the US Dollar, similar to bitcoin. A...

As Bitcoin continues to struggle to maintain the $6,000 price area, the formation of another technical pattern is raising some concerns. The cryptocurrency charted a Death Cross, which is something that should be taken into consideration, of course, as long as you follow technical analysis.The Third Death Cross Since 2018 IncomingFirst things first, it’s important to note that a Death Cross is a commonly referenced technical analysis setup. It occurs when the 50-day moving average line...

Litecoin price is slowly recovering and trading above the $36.50 support against the US Dollar.LTC price is facing a strong resistance near the $41.00 area.There is a major contracting triangle forming with resistance near $40.50 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase).The pair could either start a strong rally above $41.00 or it might dive towards $32.50.Litecoin price is likely preparing for the next major move against the US Dollar, similar to bitcoin. LTC price...

Twitter founder and CEO Jack Dorsey went on to found Square Inc. (NYSE: SQ) in 2010. It’s a payment processing company that made a credit card reader merchants could use with their smartphone to accept payments. But in 2015, Square took it a step further with the creation of Square Cash (now called Cash App).It allowed businesses and organizations to send money from smartphones using a “cashtag” like “$thisisacashtag.” The idea was to make sending cash as easy as sending an email. The Cashtag...

Zoom Video Communications (ZM) shares fell 15% to hit $135.18 on March 25. Although having risen over 100% in the past year, the sudden fall is being attributed to President Trump calling on businesses to resume. Today, ZM stock is up again.Zoom Video Communications Inc (NASDAQ: ZM) shares are among the stocks which have been defying the gravitational pull from the coronavirus pandemic. The company which offers remote conferencing services has seen an uptick in the use of its services, as...

It was looking like the crypto industry had entered irreparable territory a few weeks ago. Bitcoin, for example, had dropped by thousands of dollars, and it didn’t take long for several of its altcoin cousins to follow suit.Bitcoin Is Back in the GreenNow, however, things are once again looking up, and many analysts are wondering if bitcoin – which has recently surged by nearly $400 in the past day or so – will continue its rally and experience its 2020 high all over again.One source is...

Tesla stock’s rebound makes us believe that Tesla shares are now a good investment. At the moment of writing, TSLA stock is trading at over $545.After a long downfall, Tesla Inc (NASDAQ: TSLA) stock rises again, which allows investors to believe in the car manufacturer’s long-term prospects. Today, its price has been $521.50 or 3.27% up at the opening. At the moment of writing, it is even higher, $549.14. Tesla stock has added $44At the beginning of 2020, Tesla witnessed heavy trading volumes...

The crypto industry is looking alive again as bitcoin and several other coins surged on the news that Congress is close to reaching an economic stimulus package deal.Bitcoin Is Firing on All CylindersAt the time of writing, bitcoin has shot beyond the $6,600 mark – roughly $400 higher than where it stood yesterday, while all the top ten currencies in the crypto arena have shot up by anywhere between three and seven percent.Congress has been pushing a $1 trillion economic stimulus package that...

A senior analyst at RoboForex shares his insights into the future scenarios for Bitcoin, Ethereum, Litecoin, EOS and Bitcoin Cash price movement.Dmitriy Gurkovskiy, a senior analyst at foreign exchange broker RoboForex, provides his vision of the possible tendencies in price changes for Bitcoin as well as for other major cryptos.The cryptocurrency market is actively correcting but the current movement is looking more like a rebound before a new wave to the downside. However, in the chart of...

Is Amazon (AMZN) stock still the king of the markets? Only time will tell us as the world goes topsy-turvy due to COVID-19.Amazon.com Inc (NASDAQ: AMZN) stock on a normal day used to be a “must-buy” for many investors. Today, the stock could as well rule the markets. The COVID-19 pandemic has sent markets south to incredibly new lows.This has created a new paradigm. Top-performing stocks are difficult to spot and the losers are everywhere across the board. The volatility of the markets has...