In the long run, it's still one of the best investments. Its net charge-off rate rose to 1.61% from 1.50% in January and from 1.26% a year ago. By comparison, the metric was 2.55% in February 2020.
Bitcoin can drop another 1% before its next recovery. This situation is only suitable for short-term traders. Trade safe!
Bank of America is one of the largest banks in the United States, with more than 4,000 branches and 16,000 ATMs located across the country. In 2008-2009, the bank was among the many banks that required a government bailout during the financial crisis. Despite these controversies, Bank of America remains a major force in the banking industry and continues to be a...
There are 2 optional scenarios for the upcoming resistance hit. Set your pending orders and keep following. Trade Safe!
S&P500: By the book again? Classic technical analysis! Literally a school of technical analysis! In its last 3 attempts, the index tried to break the resistance level while MACD shows 'the cross' (the blue line dropped below the orange one which indicates a change in the trend) and led the market to another down-trend period of several weeks. As you can...
Even if the price drops, the rate will be higher than today in the long run, Gold isn't going anywhere anytime soon. This is called investment, not trading.
The Chinese e-commerce giant is in trouble but, if it manages to get out of it and recover, this could be the most profitable investment in the coming decade. Trade safe!
IOT / USD: 10% within 2 weeks? IOTA, the cryptocurrency that had great potential last year continues to be in trouble. Based on its trend and MACD, we expect a decrease of about 10% in the next two weeks. Trade safe!
Still within the uptrend momentum, If the interest rates continue to rise sharply in the Eurozone, we will see another rally of the Euro against the Australian Dollar. The euro strengthened by 10% vs the Australian dollar, which is in trouble against all major currencies. Trade safe!
An interesting situation. We've placed the entry points for both scenarios. Trade safe!
Bitcoin but also the other major cryptocurrencies, shows the same chart pattern: convergence towards a significant move in the next 48 - 72 hours. The reason: the uncertainty surrounding the FTX incident. If the market doesn't receive enough confidence from the other major crypto exchanges - we will see another drop in the coming days.
Short term traders? this is for you! Check the chart pattern and the pending orders. Trade safe!
Based on a purely technical analysis, BTC should hit $22K before dropping again to 21.5K and then, continuing all the way to 22.5K. The entire movement should take around 10-12 days. Trade safe!
Back in November 2017 Bitcoin hit his all time high and now, sellers are struggling to take it down - below this rate. This rate is curtail, if the buyers will manage to keep the rate above $20K long enough, we'll definitely expect for another rally all the way to $26K. Trade safe!
Cardano (ADA): All-time low This is how you should trade All-time low: 1. Set a pending (short- sell) order below the latest all time low (15-20 pips). 2. Set another pending order (Long - Buy) above the latest correction + take profit at 1 correction rate before that. 3. After the trade was executed, cancel the 2nd one for example, Cardado dropped and triggered...