Weekly Reversal Appears Weak – Is Bitcoin In For A Drop Again?

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During the week, Bitcoin recorded a monthly low of $6600 after witnessing a series of decline for about four weeks. On November 25, Bitcoin regained strength back above the $7000. This recovery led to a forming an inverse head-and-shoulder pattern which was quite significant in the weekly trading with a lot of bullish sentiment. Meanwhile, […]

XRP Upward Move Is Weak as It Encounters Resistance at $0.23

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Key Resistance levels: $0.30, $0.40, $0.45 Key Support Levels: $0.25, $0.20, $0.15 XRP/USD Long-term Trend: Bullish For the past 5 days, XRP is making a slow but steady upward move. On the first day, the price rose from $0.20 to $0.22 but the coin pulled back to $0.21. Today, the price has jumped above the […]

German Banks Might Soon Become Eligible to Manage Cryptocurrencies

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A new bill is being considered in Germany which could see banks become managers and merchants of Bitcoin and other altcoins by 2020. Based on a news release by Handelsblatt on the 27th of November, the bill now seeks approval from the 16 states in the country, now that it has been passed by the […]

Ripple (XRP) Price Analysis – XRP Continues Sluggish Movement As Bulls Struggle Along

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Since the daily opening, XRP has been showing a sign of small recovery, amounting to +1.07% gains. The correction may become significant if volumes can troop into the market. Otherwise, XRP price would continue to drag sluggishly. However, it’s not too late to accumulate some amount of XRP as the value might become more enticing […]

Eurjpy Attacks Resistance Zone Again on the Level at 120.67

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The common European currency appreciated 25 basis points against the Japanese yen on Thursday, while finishing at the 120.54 level, earning 7 pips (0.06%) at low volume. A similar target for buyers may be near the upper side of the horizontal zone limiting at the level at 121.00. Key Levels Resistance Levels: 127.52, 123.37, 121.47 […]

Bakkt Bitoin Futures Trades Below $20 Million Daily Volumes, Possible Reason For Insignificant Volatility?

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  Bitcoin’s price is on a slow growth for a while now, owing to the recent selling shakeout in the entire crypto market. But recently, it appeared that Bitcoin has found its mid-year low around $6600 on November 25. This setup was quite synonymous to late October surge in volatility that saw after the Chinese […]

EUR and CAD Remain in Focus at the Week Close

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While the week is drawing to a close, let’s take a look at the currencies, market influencing stats released and those already due out with the impacts created. Geopolitics The UK upcoming election has been in focus with a YouGov poll predicting a majority win for conservatives. Earlier on today, any update on the opinion […]

Ethereum (ETH) Price Analysis – ETH Pauses Bullish Formation For Healthy Retracement

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Ethereum saw a small increase over the past days which made the token to break slightly above $155. Since the break, ETH has been finding it hard to move further. Meanwhile, the cryptocurrency is experiencing a low amount of volume and volatility since the breakout on November 27. If the short-term bullish setup fails to […]

Dominated by Bears for the Umpteenth Time AUDUSD Trends Lower past 0.6769 Key Support Level

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AUDUSD Price Analysis – November 28 AUDUSD depreciated to a session low past the level at 0.6769 and is now challenging the daily lower horizontal zone on the level at 0.6759 which is providing an added line of defense against sellers on the level at 0.6759 – just sitting nearby. Key Levels Resistance Levels: 0.7085, […]

India Eyes Blockchain Technology Adoption

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The government of India is preparing a nation-wide model to give backing for blockchain utilization in the country. The minister of state for electronics and IT Sanjay Dhotre announced on the 27th of November that the administration is formulating blueprints to release a National Level Framework that talks about the prospects of distributed ledger technology […]