The Crypto market usually also has a rough time in September. Bitcoin lost 12.7% in September 2021, 17.4% in 2020, 17.5% in 2018, 21.4% in 2017 and 45.4% in 2015. The main cryptocurrency increased by 13.3% and 3.95% in 2016 and 2019, respectively.
Moderna set to join SNP500!
2021-07-16 • Updated
Why should we pay attention?
Boston-area Moderna was an unknown biotech company before it succeeded with the COVID-19 vaccine. The company gained 1400% from the beginning of the COVID-19 pandemic and on July 21st, it will join S&P 500 index and replace Alexion Pharmaceuticals Inc. It has great financial health as her short-term assets exceed her short and long-term liabilities. What is going to happen with the price? Let’s discuss!
The greatest example!
On November 17th, 2020, the great news was announced. Tesla was set to join S&P 500 index on December 21st, 2020. Let’s check what had happened with the stock during that period.
On the daily chart, it is visible that the price raised from $410 to $650 and gained 60%. During the next month, the price moved even higher and reached $880. The overall profit was 114%.
On the weekly Moderna’s chart, we can notice that is a lot of growth potential. First, the RSI Oscillator is still lower than 85, which means that bulls have enough power to push the price higher. Second, there is no top shadow on a weekly bar, which indicates traders are not ready to sell the stock on that price level. But it is important to watch how Friday’s trade session is going to finish! If traders decide that even during this session, they are not going to fix their profits, the price will hit the phycological resistance level of $300.
Warren Buffett, the American businessman and philanthropist, has put most of Berkshire Hathaway’s cash in short-term United States Treasury bills since they offer as much as 3.43% in yields.
Ford stock probably isn’t the first thing that comes to your mind when you’re looking for trade ideas…
For those who may be unfamiliar with Price Action trading, the horizontal arrows represent areas where the market structure was broken. As you can see in the scenario above, price broke below the previous low at the two marked instances
Let's start off with a look at the Daily timeframe on Bitcoin. We currently see price reacting to the rally-base-rally demand zone between the 15,600 - 14,300 price area. Price also seems to have found support off the trendline support as marked in the image above. Interestingly, this means the overall bias on BTCUSD is Bullish.
Central Bank Digital Currencies (CBDCs) are virtual national money. The idea of creating such currencies came to the authorities after the success of cryptocurrencies, which also exist only in digital form.