2 overbought cryptocurrencies to avoid trading this week

2 overbought cryptocurrencies to avoid trading this week

While the cryptocurrency market remains in a consolidation phase, several assets are showing increased activity that warrants caution.  In particular, technical indicators such as the Relative Strength Index (RSI) suggest that some cryptocurrencies are entering the overbought zone. Typically, an asset is considered overbought when its RSI exceeds 70. Below are two tokens currently in…

This little-known AI stock surges over 30% in a week after ties to Nvidia emerge

This little-known AI stock surges over 30% in a week after ties to Nvidia emerge

The influence of semiconductor giant Nvidia (NASDAQ: NVDA) continues to be felt throughout the stock market, particularly in the artificial intelligence (AI) space. Notably, Nvidia is recording increased investments within the AI sector with substantial stakes in related companies.  A noteworthy instance is the disclosure made on February 14, where Nvidia unveiled a $3.67 million…

Bitcoin daily chart signals massive BTC sell-off alert

Bitcoin daily chart signals massive BTC sell-off alert

Bitcoin (BTC) has garnered unprecedented attention from the crypto community recently, more so than is typically the case. The world’s foremost cryptocurrency recently saw the approval of the very first spot BTC exchange-traded funds (ETFs) in January, has been leading a multi-stage crypto market rally since October 2023, and is bound for its halving event…

Fate of Michael Burry’s $4.3 million Alibaba bet revealed

Fate of Michael Burry’s $4.3 million Alibaba bet revealed

Given his generally bearish attitude and ability to see movements few others can, most dramatically demonstrated with ‘The Big Short’ in the context of the 2008 crash, new 13-F filings by Michael Burry and Scion Asset Management are always exciting to see.  The previous record, for example, revealed a $4.3 million bet on the Chinese…

EV bulls and bears clash as Lucid stock surges 12% in a week

EV bulls and bears clash as Lucid stock surges 12% in a week

After spending months on a major decline despite several – apparently unsuccessful – attempts to stop the downfall, such as a $10,000 cashback program implemented in 2023, and hitting an all-time low in January, the electric vehicle (EV) maker Lucid Motors (NASDAQ: LCID) has seemingly found a way to save itself from a complete stock…