Cryptocurrency and US stocks Weekly Market Update (3/7/2022–3/13/2022)

News about finance and politics

The spike in oil price adds fuel to inflation.

The popularization of cryptocurrency Ukraine and Russia has progressed because of Russia invading Ukraine and economic sanctions to Russia.

Crypto Price Analysis

BTC (39478 13:27 UTC+8)

Last Analysis Review: Good analysis. I have stated that BTC has been consolidating, and the consolidation has demonstrated a good recovery signal. The performance of BTC aligns with my analysis. The price has surpassed 40000 and gone up to 45400 from 37450 in the last week.

This Week: Significant sell positions have been deployed in the last week after the price has reached 45400. Nonetheless, the price stands on 38400. It is another good sign for recovery. Unless 38400 - 36350 is broken.

Trade Direction: Wing Trade

Ranking (Long Side):
 4.125/7

AVAX (76.09 13:27 UTC+8)

Last Analysis Review: No.

This Week: A massive downward channel is identified. The price is currently at the top level of the channel. After touching the top, the price has been going down. 73 - 68.5 is the closest support level.

Trade Direction: Short

Ranking (Long): 3.25/7

US stocks

DJI (33614 13:59 UTC+8)

Last Analysis Review: Good analysis.

This Week: A downtrend is confirmed unless the price can bounce back and stand above 34200.

Trade Direction: Short

Ranking (Long Side):
 3/7

Commodity

USOIL (114 14:03 UTC+8)

Last Analysis Review: No.

This Week: The price has broken the top of the upward channel. Reaching the five-year record high.

Trade Direction: NA

Ranking (Long Side):
 4.25/7

Disclaimer: FYI only. Not financial advice. Any changes of info are not going to disclose