CHZ investors must keep a close watch on the FTX acquisition for these reasons

With the market plagued by a

With less buyers’ conviction to accumulate, sellers controlled CHZ on a daily chart. The news of Binance’s proposed acquisition of competition FTX caused CHZ to break out of a rising wedge it had formed since 21 October. Between 21 October and 8 November, CHZ’s price rallied by over 55%. The sharp fall in CHZ’s price also caused key indicator Relative Strength Index , to fall below its 50-neutral spot. At press time, the RSI was pegged at 43.72 in a downtrend. Also in a downtrend was the alt’s Money Flow Index as it inched closer to the 50-neutral region at 55.26.

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Ontario Teachers’ Pension Plan faces a hit on investment in crypto trading platform FTXThe situation also calls into question FTX’s plans to officially launch its business in Canada by acquiring Calgary-based Bitvo Inc. Lol Oh, better give them another raise to make up for it. 🙄 Good
La source: globeandmail - 🏆 5. / 92 Lire la suite »

Volatility spikes in the crypto market as Binance looks to acquire FTXThe crypto market went for an early morning plunge as BTC briefly dipped below $20,000 amid rumors of insolvency at the crypto exchange FTX. ⚡️
La source: KitcoNewsNOW - 🏆 13. / 78 Lire la suite »