Community Message Board
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Ethereum Trends Down After Numerous Rejections
Ethereum experienced numerous rejections near the lower end of the resistance zone around $2,683. After so many rejections Ethereum is now starting to trend down. This is very disappointing considering that Ethereum never really had a post-ETF rally. In the short term Ethereum needs to hold above $2,520 to avoid dropping lower. If Ethereum continues […]Read More
Bitcoin Drops Below Support Again
Bitcoin has failed to break above $63k, and is experiencing some neutral price action around the white zone between $58.4k and $60.3k. I’m seeing bearish signs, and BTC has dropped below the $58.4k support zone again. There are concerns about Mt. Gox repayments that could add sell pressure to the crypto market so there is […]Read More
10 Year Bond Yields Likely to Drop to 3.60%
10 year bond yields have dropped below a key support level at the yellow trendline. Bond yields have been neutral and trading sideways, but I think there could be a drop down to 3.60%. The bearish sentiment in bond yields is bullish for financial markets. Bond prices and stocks are likely to see some upside […]Read More