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Suits Suits. Genre: Drama. Genre: Drama , Mystery. Watch Movie Favorite. Trailer: The Vampire Diaries. With Telcoin, people can use their mobile phones to send money overseas. Rari Capital is one of many decentralized finance DeFi applications that allow people to lend and earn interest on their crypto assets.
The big advantage is that users can avoid the high gas fees associated with other DEXs that run on the Ethereum network. These cryptos have produced extraordinary gains this year, but pause before you rush to your favorite crypto exchange to buy any of them. Just because their prices jumped in , it does not mean they will continue to grow in In fact, because the crypto industry is rife with speculation, we'll often see prices fall or stagnate after a big rise.
All cryptocurrencies are risky, and it isn't clear what will happen next year. It is important to do your own research into any project so you fully understand what it does and what its long term prospects are. Look at how it compares with its competitors and try to understand the specific risks it might face.
We've seen a big drop in cryptocurrency prices in recent weeks. Some analysts believe the market could fall further in , while others think this is the lull before another big surge. These are high-risk investments so it's best not to invest money you need for other financial goals.
There are hundreds of platforms around the world that are waiting to give you access to thousands of cryptocurrencies. And to find the one that's right for you, you'll need to decide what features that matter most to you. To help you get started, our independent experts have sifted through the options to bring you some of our best cryptocurrency exchanges for Check out the list here and get started on your crypto journey, today. Emma owns the English-language newspaper The Bogota Post.
She began her editorial career at a financial website in the U. We're firm believers in the Golden Rule, which is why editorial opinions are ours alone and have not been previously reviewed, approved, or endorsed by included advertisers. The Ascent does not cover all offers on the market. Editorial content from The Ascent is separate from The Motley Fool editorial content and is created by a different analyst team.
The Motley Fool has a disclosure policy. Featured Articles. The pounding that many high-growth tech stocks experienced in continued through the first week of The Federal Reserve has indicated benchmark interest rate hikes are coming fairly soon, …. The Federal Reserve has indicated benchmark interest rate hikes are coming fairly soon, and that has caused the market to reassess richly valued companies.
While a pullback was in order for many of these stocks, there are growing disconnects between their recent share price performances and their business trajectories. After surveying the carnage, three Fool. Anders Bylund Coinbase : This situation is getting out of hand. Considered from a different angle, Coinbase's stock trades at a perfectly reasonable 8. I do understand why market makers are pushing Coinbase's stock lower.
Companies that specialize in cryptocurrency trading services must be suffering under these circumstances, right? Well, not so fast. Not only will Coinbase survive a temporary cryptocurrency market dip like this one, but it should actually thrive during a crypto market panic. Coinbase makes money when people make trades. Cashing out your Ethereum and Bitcoin holdings triggers trading fees.
The fourth-quarter report due out in February will either confirm or debunk my theory. Until then, there's no denying that Coinbase is trading at unreasonably low share prices, given its healthy cash profits and stability in the face of market volatility. Billy Duberstein Latch : Real estate technology company Latch has had a horrible couple of months on pretty much zero company-specific news. In fact, the company's last major announcement was its third-quarter earnings report in early November, during which management described customer demand "we have never experienced," and raised its full-year bookings and revenue guidance.
Part of the selling pressure may reflect the manner by which it went public back in June -- via a merger with a special purpose acquisition company SPAC. Virtually every company I've tracked that went public via the SPAC route has sold off hard, as it appears "SPAC" has become synonymous with ' s speculative market excess. Yet SPACs are just a means to take companies public -- they don't say anything about the companies themselves.
Latch appears to be a good business that's getting thrown out with the bathwater. Some may view its low revenue as an indication that Latch is a risky small cap, but that's not really the case. Latch sells hardware and software solutions based on multiyear contracts, often for six years, and often collecting cash in advance. Latch frequently signs letters of intent with real estate developers during construction as much as two years or more before it actually ships its products and recognizes revenue.
Yes, the company is posting hefty net losses on a GAAP basis, but when you consider the multiyear visibility these contracts create, as well as the upfront payments, Latch is less risky than its headline numbers would suggest. Amid the somewhat indiscriminate selling in high-growth names, meme stocks, and SPACs, Latch looks like one of the gems investors can find today in the rubble.
Nicholas Rossolillo Etsy : Though Etsy's growth rates slowed over the last year as it lapped its stellar , the e-commerce platform company actually wound up delivering pretty good results for shareholders in While I'm not completely surprised at the recent sell-off after all, even after the decline, Etsy trades for 47 times trailingmonth free cash flow , I think the company's prospects are being underrated.
First, it was news of the omicron coronavirus variant that initially sent Etsy into a tailspin in November. Yet it's already a foregone conclusion that consumer spending will continue despite the pandemic, and that rising COVID concerns especially favor e-commerce. Paired with inventory shortages at retail chains, Etsy might surprise investors with a better-than-expected earnings report for the final quarter of the year.
Plus, let's not forget how Etsy has built itself into the leading marketplace for craftspeople and vintage goods. Loyal Etsy shoppers say they enjoy discovering unique and handcrafted items on the site, supporting small and often local businesses and proprietors, and the ability to interact with sellers and creators to customize their orders.
After the drubbing its stock has recently endured, I think Etsy is a solid investment pick again. Discounted offers are only available to new members. Stock Advisor will renew at the then current list price. Average returns of all recommendations since inception. Cost basis and return based on previous market day close. In this article, we will discuss 10 crypto stocks for If you want to skip our detailed analysis of the crypto industry, you can go directly to 5 Crypto Stocks for ….
If you want to skip our detailed analysis of the crypto industry, you can go directly to 5 Crypto Stocks for According to Deloitte, more operating organizations began allocating resources to digital assets and cryptocurrencies in , reflecting a divergence from more traditional investing in this field.
MicroStrategy Inc. Some of the leading companies taking an active interest in cryptocurrency include Meta Platforms, Inc. While Meta Platforms, Inc. In this article, we have highlighted 10 stocks that can be bought due to their exposure to the crypto world. Either these companies are involved in the creation of a new cryptocurrency, holding a significant amount of cryptocurrencies, providing a digital wallet for cryptocurrencies, or operating an exchange to trade cryptocurrencies.
Given the volatility in cryptocurrencies, most of these companies have a primary business driving their revenue and bottom line, but their exposure to the cryptocurrency space will act as a growth catalyst.
The Virginia-based company revealed that it bought 1, Bitcoins between November 29 and December 8. Following this trade, the holding of the company has increased to , Bitcoins.
Joseph thinks that the sum-of-the-parts analysis has not caught up with the stock price. The analyst expects the company to develop further in on the back of its improving core BI software business. This will receive a boost through the introduction of new cloud offerings and the rising value of Bitcoin.
MicroStrategy is a global leader in enterprise analytics software and services. Today, MicroStrategy has over 4, customers worldwide. In August , MicroStrategy decided to make bitcoin its preferred reserve currency. Going forward, MicroStrategy plans to use excess cash generated by its core business to purchase additional bitcoin. This bitcoin appreciation was driven by concerns about U.
MicroStrategy is establishing itself as a thought leader in the bitcoin space, and the company hosted an event at its February user conference to help other organizations understand the benefits of bitcoin as a reserve asset. Robinhood Markets, Inc. Robinhood is aiming to democratize personal finance by enabling commission-free trades. Users on the platform have the option to trade commodities, cryptocurrencies, stocks, and other financial instruments.
Users have the option to trade Bitcoin, Ethereum, and Dogecoin without paying any commission on their trade. During Q3 , Robinhood Markets, Inc. To further streamline cryptocurrency trading on its platform, the California-based company announced the acquisition of Cove Markets on December The hedge fund that is only focused on disruptive innovation is accumulating the stock following its earnings results.
Coinbase Global, Inc. Institutions are rapidly adopting currencies, and the platform will be a key beneficiary of this development. The analyst believes that with the passing of every quarter, Coinbase Global, Inc. He was impressed by the number of users engaging themselves in activities on the exchange other than investing.
Joseph summed up his analysis by saying that with the introduction of new products and services like NFT and direct deposit, user engagement and wallet size will increase further, which will be beneficial for Coinbase Global, Inc. Tesla, Inc. In , Tesla, Inc. However, he retracted his statement due to environmental issues related to the mining of Bitcoin.
Musk has also highlighted the possibility of accepting the meme cryptocurrency as a possible payment method for Tesla, Inc. Dogecoin is a meme cryptocurrency that was created by Billy Markus and Jackson Palmer in In May , the value of the cryptocurrency rocketed to an all-time high of 74 cents, as opposed to less than a cent at the start of the year.
Presently, it is trading at After all, what is innovation if not just a continuous search for fractional advantages in business? The way we see it, Tesla is perhaps the generational example of the marginal gain aggregation theory. The goal? CME Group Inc. Futures provide a way of speculating the future price of an underlying asset. Meanwhile, options allow the holder to buy or sell an asset in the future at an already decided price. The trading of currency options and futures makes the Chicago, Illinois-based corporation a cryptocurrency play for Three years later, the entity took this a step further by introducing a market for Bitcoin futures.
Ether is the underlying currency of the Ethereum blockchain network. Meanwhile, the holders of these cryptocurrencies have the option to hedge their portfolios from volatility in the prices of cryptocurrency. NYSE:GS , thinks that the next progress in the world of cryptocurrencies will be the emergence of more liquid options markets as financial institutions increase their exposure in the rapidly growing asset class.
CME is well managed however we can no longer identify clear value latency opportunities for the management team to execute against and so decided to exit our position. However, trading volumes remain light, with just over 7. Still, with overall U. Covid cases hitting a record high , over the past seven days, lead by gains in New York, California and Texas as the Omicron variant retains in dominance, investors are likely to remain cautious until more data emerges to confirm earlier studies that suggest it carries milder symptoms and a reduced risk of hospitalization.
The tech-focused Nasdaq Composite is looking to open 55 points higher as benchmark year Treasury note yields rise to 1. Report shares edged higher in pre-market trading after the tech giant suspended operations at a Foxconn assembly plant in India following a dispute over working conditions and employee safety. The plant, located near the city of Chennai, employs around 17, people and leads assembly of the tech giant's iPhone 12, as well as a small amount of the new iPhone Reports of food poisoning at the plant earlier this month, linked to one of its cafeterias, shut down operations on December 18, with Apple dispatching a group of independent auditors to inspect the site.
Apple shares were marked 0. Securities and Exchange Commission filings late Tuesday show Musk exercised options on 1. He also sold , shares to raise money for the tax liability linked to the 1. Collectively, Musk has sold Tesla shares were marked 2. The Las Vegas-based CES -- which attracts as many as , people each year as the tech and electronics industry's flagship event -- is slated to start on January 5.
However, with U. Covid cases rising at a record pace, and companies from Apple to Google either delaying plans to return to office work or in some cases closing retail outlets , attendance at a massive indoor event doesn't appear to be a risk many are prepared to take. David Morris David Z. He holds Bitcoin, Ethereum, Solana, and small amounts of other crypto assets. This past year was unique, above all because the day-trading momentum that broke out during COVID lockdowns was carried forward into real adoption and innovation by the likes of Twitter.
And crypto is generally highly cyclical, as new converts get overextended and burned, then retreat to lick their wounds and do some learning before they dive back in. Even if it is less spectacular than , will see major moves, such as the launch of Ethereum 2. There are also major real-world factors that will affect crypto, from U.
None of it is financial advice, and most of it is probably wrong — but I hope it will help you form your own picture of the road ahead. Expect at least a period of unstable and essentially flat token markets. Momentum could very well pick back up, so consider this a projection lightly held.
Craig Wright will sue him for defamation, and much hilarity will ensue. For more insight into what actually makes real art valuable, as an NFT or in other forms, review my pieces on the art market and generative art. That implies a degree of risk, and big advantages to the transition may not arrive until , when the new Ethereum will begin introducing sharding.
Probably the most important thing to note is that at least until sharding is implemented, the PoS transition is NOT expected to affect transaction fees on Ethereum.
Next year will be an expansion in the diversity of platforms people actually use, but it will be followed by real competition and, eventually, re-consolidation. Instead, each will see returns based on its individual value proposition. Decoupling has been happening slowly for years, but the process really accelerated in But in the medium term, there are upsides here.
The lingering question is whether stocks have much room to run given how overextended price-to-earnings ratios already are. The U. Federal Reserve will be shrinking its bond-buying program starting in January, and is also expected to raise interest rates in That will have complicated and frankly uncertain impacts for crypto.
In theory, it should help tamp down inflation, but could also put downward pressure on speculative investments that have attracted some of the loose money of recent years. Keep in mind, though, that at least in conventional economic terms, this is good news. Near-zero interest rates only benefit people selling low-quality, high-risk investments.
But if inflation continues or accelerates, even just for the first half of the year, bitcoin will need to show a market response for the narrative to remain credible in the medium term. Meme coins are basically a casino, but they enjoy positive feedback loops, because winners draw major public interest that keeps the wins rolling.
Conversely, a downward or sideways cycle can be exceptionally brutal. That means coins like doge will continue losing steam it peaked all the way back in May , and new pumps will have limited upside. Shiba inu is an interesting exception here, and a possible demonstration of how to turn a meme into a real project. Believe it or not, flat or down markets tend to be very interesting times to be in crypto.
The annoying shillers fall away and the engineers and others who are actually creating things have time to focus on the task at hand. The ascendance of Avalanche, Terra, Solana and Polkadot this year spells the end of real momentum for many projects that have been around for a while.
They promised big things for years, but underperformed both technologically and in the markets during the biggest year in crypto so far. It may even retreat by the end of next year. Sentiment is a huge factor in inflation because it guides forward-looking price and salary setting.
Inflation seems likely to continue into early — for instance, food manufacturers have already announced price increases that will go into effect in January. That could mean a lot of the pressures driving U. Also remember that whatever the larger COVID picture looks like, summer will likely be a very low period, which should put at least temporary downward pressure on the goods consumption that has made up much of inflation.
But in an abstract theoretical way — we might not see actual rules or enforcement unless someone uses a decentralized autonomous organization to do something truly insane. This is also where the rubber hits the road for decentralization: There will be some truly decentralized organizations that will be able, to one degree or another, ignore regulation.
Those faking it will get smacked down. That means both more enforcement actions from the U. The good news is, U. As investor Lyn Alden has pointed out, a regulated stablecoin market would basically mean a huge new infusion of Treasury-bill-backed liquidity worldwide.
To me, that sounds like a formula for upward pressure on crypto asset prices, for better or worse. Immediately after El Salvador announced its new bitcoin policy, reports came in that other countries, mostly in South America, were considering similar moves.
They just got a strong nudge from the Bank of England, which on Dec. This sends a clear message to any country that dares push back against neoliberal hegemony: Not your bank, not your gold.
Bitcoin presents a clearly appealing alternative to that threat. Bitcoin traffic in Turkey continues to surge. This is the hyperinflation your parents warned you about. Early quarterly reports on virtual-reality sales and usage are either bad or heavily massaged. Hundreds of millions of dollars are wasted. In retrospect, everyone agrees that the idea of a social network you have to put on goggles to use was extremely stupid all along. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies.
CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. By signing up, you will receive emails about CoinDesk product updates, events and marketing and you agree to our terms of services and privacy policy.
Prices of Bitcoin fell 3. Ethereum was down 5. Rival Shiba Inu lost 3. The Coinbase Chart: On Nov. On Nov. The bearish break further confirmed Coinbase is trading in a downtrend, with the most recent lower high printed on Nov. Both bullish and bearish traders can watch for the next lower high to be printed over the coming days.
The stock is trading below the eight-day and day exponential moving averages EMAs but the eight-day EMA is trending above the day, which indicates indecision. If Coinbase doesn't recapture both EMAs soon the eight-day will cross below the day, which would be bearish.
Coinbase is trading above the day simple moving average, however, which indicates longer-term sentiment remains bullish. Download the mobile app now, available on iOS and Android. Click here, or sign up for our newsletter to explore more of Benzinga's Cryptocurrency market coverage, in-depth coin analysis, data, and reporting.
Hut 8 Mining Corp. By Wednesday afternoon, Hut 8 had erased most of its losses, following Bitcoin which was trading mostly flat.
The Hut 8 Chart: Hut 8 printed a new Nov. In its consolidation, Hut 8 may be forming into both a falling wedge pattern on the daily chart and a bull flag pattern on the weekly chart. On the daily chart, the falling wedge pattern began on Nov. If the pattern is recognized, Hut 8 may break up bullishly from the pattern before meeting the apex on Nov. Zooming out to the weekly chart, Hut 8 may be creating a bull flag pattern with the pole of the pattern created between Sept.
The consolidation on Hut 8 was needed because from Nov. Hut 8 is trading below the eight-day exponential moving average EMA and in line with the day EMA, with the eight-day EMA trending above the day, which indicates indecision. The stock is trading above the day simple moving average, which indicates overall sentiment remains bullish. Bulls want to see Hut 8 eventually break up from both bullish patterns on big bullish volume, which will indicate one or both of the patterns was recognized.
Bears want to see Hut 8 continue to trade down in the patterns and then for big bearish volume to come in and break the stock either down through the bottom trendline of the falling wedge or for Hut 8 to fall below the eight-day EMA on the weekly chart. Want direct analysis? Find me in the BZ Pro lounge! Click here for a free trial. Bitcoin is the most popular cryptocurrency followed by thousands of other coins. Related NewsTrading Crypto? In official statement, Modi govt says no plans for boosting cryptocurrency sector in IndiaCrypto scams: How to spot, avoid and protect your money while investing in cryptocurrenciesIs it really possible to completely ban Cryptocurrency in India?
Check experiences from other countries. Elon Musk ranked 5th was among the most searched personalities in India. Musk is widely credited for popularising Dogecoin in India and the world. The year witnessed a massive rise in crypto adoption in the country, with reports claiming there might be millions of crypto investors in India.
The number of crypto exchanges operating in India has also proliferated in recent months. However, there is no official data available on this as the Government has not started tracking the sector.
Crypto trading and investing activities are currently being carried out through private centralised and decentralised exchanges. Meanwhile, policy uncertainties around cryptocurrencies in India are yet to be over.
The Government is expected to introduce a bill to regulate cryptocurrency transactions and crypto exchanges in the ongoing Winter Session of Parliament. It has been reported that Government may ask the stocks and commodity markets regulator SEBI to oversee cryptocurrencies and regulate crypto exchanges operating in India. Like us on Facebook and follow us on Twitter. Financial Express is now on Telegram. Click here to join our channel and stay updated with the latest Biz news and updates.
Check experiences from other countriesCryptocurrency Bill New crypto bill to be introduced in Parliament after Cabinet approval. Stocks have risen sharply over the last year, helping the Dow Jones finally break the 36, barrier.
Seeking to prevent a surge in daily COVID cases amid the spread of the Omicron variant, the UK is imposing new mask wearing restrictions in certain indoor settings, and is asking employees to work from home when possible.
Early studies suggest that the Omicron variant is much more transmissible than the Delta variant, and that three doses of Pfizer's vaccine provide protection from the disease. Weekly jobless claims were below economist estimates on Thursday, with , claims representing the lowest level since Continuing claims rose to 1. Here's where US indexes stood shortly after the 9 a. ET open on Thursday:. As cryptocurrency continues to grow in popularity, users of the ethereum blockchain are growing infuriated by the high transaction fees of ether.
The problem could derail ether's leading status and developers are rushing to fix the issue. Ether's loss is a win for other cryptos, as its helping boost boost ether rivals like solana and avalanche. This year has been a wild ride for cryptocurrencies, including metaverse tokens and digital art that is valued in cryptos like ether. These are the 10 best performing crypto assets of All eyes are on original meme stock GameStop on Thursday, after the video game retailer announce third-quarter earnings that beat revenue estimates but missed profit estimates.
West Texas Intermediate crude oil dropped as much as 0. Brent crude, oil's international benchmark, fell as much as 0. Sign up for a weekly brief collating many news items into one untangled thought delivered straight to your mailbox. Next Story10 things before the opening bellAdvertisementPopular on BIThanks to Squid Game and BTS, more Indians are now learning KoreanGoogle and Microsoft hiring interns in India — Check out eligibility, job descriptions and other detailsIndia's crypto bill may reportedly restrict exchange-to-exchange transfers and even launch its own crypto walletLatest StoriesIndia's industrial production grows 3.
Times Internet Limited. All rights reserved. For reprint rights. Times Syndication Service. Senator Cynthia Lummis R-WY , one of the most outspoken political advocates for Bitcoin, shared in an interview with CNBC on Tuesday that she believes Bitcoin is a decentralized commodity, and that the other crypto assets behave like securities.
The pump-and-dump nature of the cryptos outside of Bitcoin are part of what casts them into the realm of securities. The Wyoming senator went on to advocate a regulatory framework within which the Bitcoin space can continue to innovate.
When asked about congressional spending bill negotiations, Senator Lummis stated "We are talking about trillions of dollars. This is money we don't have- inflation is running at full speed. It is here to stay. Everything else has to be monitored differently, because they are created differently. Cynthia Lummis is sharing her understanding and clarifying the distinction between Bitcoin and crypto for many by advocating for clearer regulatory definitions.
Bitcoin carries with it a fundamental guarantee to property. Cryptocurrencies do not. AMZN 2. NOW 3. AAPL 4. SBUX 5. SPY 6. KLAC 7. EBAY 8. TDOC 9. MCD TSLA Top …. Claim your 1-week free trial here. The YellowHeart Wallet enables credit card fiat and cryptocurrency payments via Ethereum and Polygon integration, to be used for live event NFT ticket purchasing and on-site redemption. The wallet also integrates seamlessly with on-site activations and the concert-going experience.
The company has partnered with A-list recording artists across multiple genres to facilitate NFT drops and community token launches that push the boundaries of what was previously possible for musicians in a pre-NFT world. Now, with concert and live event NFT ticketing integrated into the YellowHeart Wallet mobile app, these activations and fan experiences enter yet another tier of innovative, creative opportunities and possibilities.
The App allows fans, artists, and venues to interact with Web3 marketplaces, which will greatly evolve the fan experience and create long-term recurring revenue opportunities for artists, teams, and venues. Tokenized access tied to IPFS means that a change triggered on the blockchain can result in unique, streamlined experiences like a digital image of a concert ticket changing colors or automatically upgrading to grant exclusive access to fans who scan into, or exit, a concert or event, section of an activation, or purchase on-site merchandise.
Building the YellowHeart marketplace and app around blockchain technology means that entirely new experiences can be created for fans and concertgoers who choose to use NFT tickets via the YellowHeart Wallet. From there they can access the various benefits of the NFT, such as early entry, offers before or after the show at a partner establishment, after parties, along with exclusive content: video moments, highlight montages, or concert recordings.
For fans and attendees not accustomed to blockchain and NFTs, the app now means it is as simple as scanning a QR code displayed at an event. On-site QR codes will prompt new users to download the app, where they will be able to check out artist-related NFT offerings, but can interact and purchase these blockchain-tied assets directly with a credit card. Fans will tie their NFT ticket to an email address - a failsafe for fans who show up to a concert with a dead battery - but this, and other blockchain-connected features result in a new way for artists and event producers to connect with fans and followers.
YellowHeart has been actively rolling out their NFT ticketing technology at concerts and live events since September , and the release of the YellowHeart Wallet now makes them the first in North America to offer NFT tickets via a mobile application. Sitting at the intersection of what has happened to cryptocurrency and what is happening to art and ticketing, YellowHeart is taking the blockchain's power to bulldoze the norms of selling tickets and art by creating an asset class that recognizes that buyers need a mechanism to irrevocably trace the provenance of a tradeable item, and creators should get paid a portion of all future profits derived from trading the work they created.
Transform Group yellowheart transformgroup. Try StreetInsider. Several legacy finance companies have realized the growing demand for digital assets and are increasing their crypto offerings to fulfill that demand. Additional positive news came from Fidelity Investments executives who apparently met several United States Securities and Exchange Commission officials and stressed the importance of why a Bitcoin exchange-traded fund should be approved.
The executives pointed to the increasing rate of Bitcoin adoption, the approvals of similar funds in other countries and the growing demand for digital assets. Can Bitcoin and altcoins sustain the current rebound? The long tail on the Sept. The relative strength index RSI has jumped back into the positive territory and the day EMA has flattened out, signaling a minor advantage to buyers.
A breakout and close above the overhead zone will signal the resumption of the uptrend. However, bears are unlikely to throw the towel easily. They will attempt to stall the up-move at the overhead zone. If the price turns down from the resistance, the pair could consolidate in a large range for a few more days. Such a move will suggest that the pair could remain range-bound for a few days.
This suggests that selling dries up at lower levels. This uncertainty resolved to the upside on Sept. On the contrary, if the price turns down from the day EMA, the bears will again try to sink the pair to the day SMA. A break and close below this support will suggest a possible trend change. If bulls succeed in sustaining the price above the day EMA, it will suggest that the correction might be over. A break and close above this level will signal the resumption of the uptrend.
On the contrary, if the price turns down from the day EMA, it will indicate that bears are selling on relief rallies. The day EMA is sloping down gradually and the RSI is just below the midpoint, suggesting a minor advantage to the bears. A break and close below the day SMA will suggest that bears have overpowered the bulls.
The selling could intensify if bears sink the price below the Sept. Contrary to this, if bulls drive and sustain the price above the day EMA, it will indicate that the correction could be over.
The inside-day candlestick pattern on Sept. The deeper the correction, the longer it may take for the next leg of the uptrend to begin. Polkadot DOT has continued its northward journey but the bulls have not been able to clear the hurdle at the resistance line. The RSI has turned down from the downtrend line and the negative divergence is intact.
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