Markets

BNB/USD – BNB Rebounds From $255 .886 Fib Support. Key Support Levels: $360, $305, $280.Key Resistance Levels: $388, $400, $442. BNB had already dropped from $680 to reach as low as $560 before the market capitulation last Wednesday. During the crypto-wide sell-off, BNB continued to fall beneath $500 until support was reached at the 200-day MA around $280. It continued to decrease during the remainder of last week until lower support was found at $255 (.886 Fib) on Sunday....

After the recent crash of the crypto market, Ethereum price has recovered and ETH is now trading above $2800 for the first time in recent weeks.In the past few weeks, ETH, the second-largest crypto asset by market cap, has been trading below its all-time high. During this period, the value of the asset went as low as $1,755 after its ATH of over $4,400. This ETH price correction followed that of Bitcoin which also saw its price drop to a 3-months low.However, as of this morning, Ethereum that...

Tron price extended its decline below the $0.1000 and $0.0900 support levels against the US Dollar. TRX price is now trading well below $0.1000 and the 55 simple moving average (4-hours). There is a major bearish trend line forming with resistance near $0.0900 on the 4-hours chart (data feed via Bitfinex). The pair is likely to face a strong selling interest near the $0.0900 and $0.0920 levels. TRON price is showing negative signs below $0.1000 against the US Dollar,...

It has taken bitcoin five days to recover the most recent losses and jump above $40,000. Most altcoins are well in the green, too, with Ethereum reaching $2,900 and BNB nearing $400. Bitcoin Tops $40K The primary cryptocurrency experienced numerous corrections in the past few weeks. The latest started on Friday following more FUD from China. In a matter of hours, bitcoin fell from $42,000 to a daily low of $34,000. The situation worsened during the weekend, and BTC slumped to...

Bitcoin price started a steady recovery from the $31,120 zone against the US Dollar. The price is now testing the $40,000 resistance zone and the 55 simple moving average (4-hours). There was a break above a major bearish trend line with resistance near $36,900 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase). The pair is likely to clear the $40,000 resistance and continue higher in the near term. Bitcoin price is attempting an upside break above...

At the present time, bitcoin is suffering like it never has before. The world’s number one digital currency by market cap has fallen into oblivion after trading at its highest level of approximately $64,000 per unit in April. It is now currently selling for about $37,000 per unit. Many analysts, it seems, are beginning to write the currency off, but according to former U.S. Treasury Secretary Lawrence Summers, bitcoin and other cryptocurrencies could very well live up to...

HSBC reaffirmed that it has no intentions to launch a cryptocurrency trading desk or offer Bitcoin as an investment option to its clients. According to the institution, the digital asset is too volatile and lacks transparency. ‘We Are Not into Bitcoin’ The current crypto market situation continues to be highly unstable, mainly fueled by China’s intentions to crack down on mining and trading with the primary digital asset. As such, it comes as no surprise that another major...

Square added a hidden code on its system that indicates the company seeks to venture into checking and savings accounts.Square Inc (NYSE: SQ) stock closed Monday trading at $210.95, up 5.47% from the day’s opening price. During today’s pre-market session, SQ stock had added approximately 1% and was trading around $212.98 at the time of reporting. The spike in the last two days was triggered by a report that Square is planning on adding both checking and savings accounts in the near...

It is not surprising that such a complex and multilevel field as trading is under the constant influence of trend-formulating factors. They include both financially significant events and trends that characterize internal processes in the markets. This article will help you better understand the most important groups of factors that influence trading on a daily basis. Factor 1. Worldwide market tendencies. There are many trading exchanges in the world, each of which...

The current gains in the Nasdaq may help the index snap off the 2% loss it has accumulated thus far in May. The United States stock market has shown impressive upticks as the economy reopening has marked new promises for firms across the board. The Dow Jones Industrial Average (INDEXDJX: .DJI) grew 0.54%, adding 186.14 points to 34,393.98. The S&P 500 (INDEXSP: .INX) added 41.19 points atop a 0.99% growth to 4,197.05. The gains are demonstrated by the tech-heavy Nasdaq Composite...