Key Resistance Levels: $70, $80, $90 Key Support Levels: $50, $30, $10 LTC/USD Price Long-term Trend: Bearish Litecoin slumped to its low at $28 on March 12. After the breakdown, the upward move commenced immediately to a high of $40. The bulls were able to defend the $28 support level but failed to penetrate the […]
Read moreXAUUSD Price Analysis – March 25 The risk-off mentality that prevailed in the markets has sparked a rebound in Gold’s price. Gold prolonged his pullback from nearly two-week tops and dropped in the last hour under the $1,600 mark briefly, but bounced back some later. Key Levels Resistance Levels: $1,703, $1,675, $1,663 Support Levels: $1,563, […]
Read moreEven though the highly contagious pandemic Corona (COVID-19) is causing havoc throughout the globe, its consequences were felt in just about all sectors of the world. Biotech firms are in a run-off against-time behind the scenes to create a pathogen vaccine. There are now many investors looking to invest in these firms. 1. GlaxoSmithKline Being […]
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• Bitcoin dropped gains to 1.65% today after waiting around $6700 for the past few hours • The price is still trading well within a rising channel on the 4-hours chart. Since our previous crypto trading analysis, Bitcoin’s price has remained under the $6900 (last week’s high) level, although the bulls managed to push the […]
Read moreKey Resistance Zones: $10,000, $11,000, $12,000 Key Support Zones: $7, 000, $6, 000, $5,000 BTC/USD Long-term Trend: Bearish Within a week, the bulls have made three unsuccessful attempts at the $7,000 overhead resistance. The only consolation is that it is trading below $6,800 resistance and close to the overhead resistance. Bitcoin may have the possibility […]
Read moreThe PBoC has completed the technological step of creating its digital currency, but that was not the difficult part. Nonetheless, the release date remains unclear; then the central bank has to step up with specific laws for distribution, and this can take longer. In the news recently, an unnamed source close to the issue said […]
Read more• Bitcoin regains momentum back but still need to clear $6927 (last week’s high) before producing more gains. • The $6000 level is now acting as weekly support for Bitcoin Yesterday, Bitcoin reclaimed the $6000 level following a sharp surge from $5700. Today, BTC hits $6800 but the price has now dropped a bit to […]
Read moreKey Resistance Zones: 24000, 25000, 26000 Key Support Zones: 22000, 21000, 20000 Italy 40 (ITA40) Long-term Trend: Bearish Italy 40 is reaching bearish exhaustion as the market is said to be oversold. After the last bearish impulse on March 12, the market started consolidating above 15000. ITA40 is also in the oversold region as buyers […]
Read moreKey Resistance Zones: 28500, 29000, 29500 Key Support Zones: 26000, 25500, 25000 US Wall Street 30 (US30USD) Long-term Trends: Bearish Today, the market is going upward as against the US Wall Street 30 index downward move. The upward move could be temporary as the bear market has not shown any sign of reversal. From the […]
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