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In the stock market, when there is a large amount of trading at a particular price, it tends to make that price important. There will be many traders and investors who bought or sold there, so if a stock trends one way or the other and then reverses, eventually returning to the price, many investors […]
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Ethereum could face a significant correction if it breaks the $3,400 support level, according to trader Ali Charts. What Happened: On Monday, Ali Charts tweeted a warning to traders about a potential bearish scenario for Ethereum (CRYPTO: ETH). If the cryptocurrency breaches the $3,400 support level, it could confirm a bear pennant formation on the […]
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Economist Peter Schiff on Sunday shrugged off Bitcoin’s (CRYPTO: BTC) recent record run and took exception to its comparison with gold. What Happened: Sharing a chart on X showing Bitcoin’s value denominated in dollar, Schiff said, although the cryptocurrency made a new high priced in dollars, it hasn’t hit “a new high priced in gold.” […]
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