Blockchain & US stocks (Weekly Market Update ) 31-1-2022 - 6-2-2022
News
News about the financial markets and politics
The border tension between Russia and Ukraine does not have any signs of subsiding.
US Stocks
Google Lab has set up a new unit about blockchain technology.
Blockchain
Fantom's TLV of DeFi protocols of different projects has surpassed BNB.
The network of Solana is congested and suspended again. This is the sixth time of the outage.
Market Analysis Blockchain
Price: 37730 (22:27 30/1/2022 UTC+8)
Last Analysis Review: Though the overall trend is a downtrend, a re-bounce is identified.
This Week’s analysis: Retain last week's analysis. A downtrend will continue. No signs are discovered for the stop of the downtrend. It will be terrible if BTC cannot stand on or above 32000-28800 firmly. Investors should monitor the current trend.
Overall Ranking: 2.6/7
Price: 69.8 (23:43 30/1/2022 UTC+8)
Last Analysis Review: Though the overall trend is a downtrend, a re-bounce is identified.
This Week’s analysis: $69 should be a turning price for the current trend. If the re-bounce can stand firm at $69 or above, it will be a positive sign for the current trend.
Overall Ranking: 3.075/7
Market Analysis US Stocks
Price: 34725 (00:24 31/1/2022 UTC+8)
Last Analysis Review: No mistakes.
This Week’s analysis: Retain the last analysis. 34000 - 33310 is a critical level. If the price breaks the level, a slump will come.
Trade Direction: Experienced investors may consider opening a short position at an advantageous entry price.
Overall Ranking: 1.5/7
US500
Price:4427 (00:29 31/1/2022 UTC+8)
Last Analysis Review: No mention
This Week’s analysis: Need to prepare for the worst case.
Overall Ranking: 1.5/7
Nasdaq
Price: 13770 (00:32 31/1/2022 UTC+8)
Last Analysis Review: No mention
This Week’s analysis: Need to prepare for the worst case.
Overall Ranking: 1.5/7
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