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- Warren Buffet company has issued a statement warning that a crypto currency exchange is using their name
- Berk. A share price is favored by the bulls. Meanwhile, Berk.A share price is trading near the value of $477702
Berkshire Hathaway has recently released a warning that a crypto currency exchange is using their name. The CEO Warren Buffet and vice chairman Charlie Mungar are both crypto critics. Buffet has previously said that the crypto currency is a rat poison squared. The crypto exchange which is using the Berkshire Hathaway name has a lot of scams. The contact address which was listed on the website belongs to a single-family home, and no phone number is listed. Meanwhile ,the contact email uses the web address of Warren Buffett’s Berkshire Hathaway.
Berkshire Hathaway has a market cap of 697.03 Billion and has an EPS of 7826. Meanwhile, the PE ratio of the asset is 61 with an average volume of 2826.
Technical Indicators Of Berk.A Are Favoring The Bulls
The weekly technical chart of the stock price suggests a weak upside trend in price. On coming to the daily chart the asset price is trading near the value of $477403 with a gain of 0.07% in the intraday session. Resistance of the Berk. A can be seen near $520000. Meanwhile a bounceback can be seen near $400000. The asset price is currently trading above the 50 and 100 Daily Moving Average. It has seen a positive crossover which can push the asset price to a new high.
RSI: RSI of the stock price is near 61 suggesting its presence in the overbought zone. There is a small positive slope suggesting an upside momentum in price
Conclusion
Berkshire Hathaway stock price is currently observing an upside trend. Meanwhile a crypto exchange has been using Berkshire name. The stock price can soon see a strong momentum in the future.
Technical Levels
Major Support:$400000
Major Resistance: $520000
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational ideas only, and they do not establish the financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.
Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain.
