Author: Anthony M. Orbison

Journalist Posted: September 24, 2024 GRT has a bearish market structure on the daily, despite strong short-term gains. The moving averages signaled that the long-term downtrend was still in play. The Graph [GRT] token has performed well since last Monday. Like the rest of the crypto market, the token has registered double-digit price gains. It remains to be seen whether the bulls can defend these recent gains. While the short-term bias was bullish, the long-term trend has been bearish. The performance since June has been in favor of the sellers, and the bulls might not have the strength yet to…

Unlock the Secrets of Forex Trading: A Beginner’s Journey Forex trading, also known as foreign exchange trading, is the exchange of one country’s currency for another country’s currency at an agreed-upon exchange rate. With the increasing popularity of online trading, the Forex market has become more accessible to individuals of all backgrounds. However, navigating the complexities of Forex trading can be daunting for beginners. In this article, we will take you on a journey to uncover the secrets of Forex trading, providing you with a comprehensive guide to get you started. Understanding the Basics Before diving into the world of…

Elon Musk lost a legal fight over unpaid severance to a former Twitter employee who was laid off when he took over the social media platform in 2022, according to a memo obtained by Bloomberg News. The resolution of the dispute, which was handled through arbitration, comes almost two years after Musk acquired Twitter for $44 billion and promptly fired over half of the staff.  The move sparked more than 2,000 complaints from ex-employees who claimed they were shortchanged on pay. The victory in Friday’s case could set a precedent for the thousands of former employees who have filed similar…

The telecom sector consists of companies that provide communication services through various technologies. These include wireless networks, broadband internet, and traditional landline services. Telecom stocks represent ownership in these communication infrastructure and service providers. The sector has evolved significantly with the advent of 5G technology and increased demand for data services. Investing in telecom stocks can offer several advantages. Many telecom companies provide steady dividend payments, appealing to income-focused investors. The sector often demonstrates stability due to the essential nature of communication services. Telecom firms may benefit from long-term growth in data consumption and connectivity needs. However, telecom stocks also…

Rebase tokens are a specific type of cryptocurrency that often modifies its total supply. The modification happens daily or several times a day. The adjustments aim to stabilize the rebased token’s price or target a particular value through strategies that increase or reduce the token supply while reacting to price deviations from the set target. A positive rebase, for instance, increases the token supply and minimizes the balances of current holders in case the token’s price increases to reach above the target. On the flip side, a negative rebase lowers the supply and increases the value of the existing…

Trend Trading 101: A Guide to Identifying and Profiting from Trends Trend trading is a popular trading strategy that involves identifying and profiting from the direction of the market trend. In this article, we’ll explore the basics of trend trading, including how to identify trends, how to use trend indicators, and how to profit from trends. What is a Trend? A trend is a pattern of price movement in a financial market, such as stocks, commodities, or currencies, where the price is moving in a specific direction over a period of time. Trends can be classified into three main types:…

Caspar Benson/Getty ImagesStock market highs are expected to continue into 2025, according to Oppenheimer’s Ari Wald.In a note, Wald highlighted strong market breadth and healthy signs across various sectors.Key sectors like industrials, financials, and technology look resilient, Wald said.Record highs in the stock market are set to continue, as few signals suggest a top in equity prices is near.That’s according to Oppenheimer managing director and technical analyst Ari Wald, who said in a note over the weekend that there are bullish “inflection points” in the underlying market.”We continue to balance seasonal headwinds against our view that evidence of a major…

After the Federal Reserve’s 0.5-percentage-point interest-rate reduction last week, many experts say a soft landing for the economy is in store.That means falling inflation without a recession. The Consumer Price Index gained 2.5% in the 12 months through August, the smallest increase since February 2021.The Fed’s favored inflation indicator, the personal consumption expenditures price index, gained the same amount in the 12 months through July. The central bank’s inflation target is 2%. JP Morgan Chase CEO Jamie Dimon, perhaps the country’s preeminent banker.J. Lawler Duggan/For The Washington Post via Getty Images As for the economy, GDP increased 3% annualized in the…

MyTonWallet, a TON network-based wallet, says it would support TRX, USDT, and other crypto assets using the TRC-20 token standard. MyTonWallet is one of multiple wallets operated by The Open Network (TON)’s ecosystem. A statement from the wallet platform said Monday it would integrate Tron to support assets within its network, including the native TRX.The MyTonWallet team said it is the first wallet in the TON ecosystem to integrate Tron-based assets. “Managing assets across multiple blockchains is becoming increasingly vital for users, and this initial integration is just the beginning,” MyTonWallet founder Alexander Zinchuk said. The MyTonWallet team believes this…

How to Use Chart Patterns to Make Profitable Trades Trading in financial markets involves analyzing various data points to make informed investment decisions. Chart patterns, in particular, have become a widely accepted tool in technical analysis to identify trading opportunities. Chart patterns involve recognizing recurring formations on charts that often precede specific price movements, allowing traders to make informed decisions and potentially earn profitable trades. Understanding Chart Patterns There are various types of chart patterns, including reversal, continuation, and exhaustion patterns. Reversal patterns indicate a potential change in the market trend, continuation patterns confirm ongoing trends, and exhaustion patterns signal…