Analyst Predicts a Jump to $300,000 for Bitcoin By October 2021

Azeez Mustapha
31 January 2021 | Updated: 31 January 2021

According to Raoul Pal’s Global Macro Investor Report, Bitcoin (BTC) will likely grow by 10x from its current market capitalization by October 2021.

Raoul’s GMI model utilizes Metcalfe Value to make forecasts and currently proposes that the benchmark cryptocurrency is significantly undervalued.

GMI’s model uses Metcalfe Value to make the prediction and currently suggests the cryptocurrency is severely undervalued.

Raoul Pal, who has amassed decades of global macro investing experience, has always been vocal about the possible prospects of Bitcoin, even before the 2020 boom.

The valuation of the cryptocurrency has only grown significantly since then, and the GMI Report proposes that things are just “warming up” for Bitcoin.

At the moment, BTC is trading significantly below its Metcalfe Value. Past instances of Bitcoin bull markets have always seen the cryptocurrency trading above the Metcalfe Value. That said, an overtake of the Metcalfe Value, in the coming months, should be the primary cryptocurrency to $300,000 per BTC by October 2021.

The GMI project aligns with several other predictions from other analysts and firms.

However, considering that the Metcalfe Value tends to significantly underestimate the ceiling of BTC bull runs, the proposed $300k rally might also be an understatement, and the real price rally could reach $1 million, which means that investing in BTC in the next eight months a possibly once-in-a-lifetime opportunity.

BTCUSD – 4-Hour Chart

Key BTC Levels to Watch — January 31

Bitcoin is currently reeling from the recent bull run to the $38,500 level and has corrected to the $32k area once again. The cryptocurrency is now faced with avoiding a fall below the strong downward-facing trendline at $32k.

A successful defense of this trendline in the coming hours and days could help BTC rebound to the $38k area. On the flip side, a sustained fall below this line will pit Bitcoin against the $30k psychological support once again.

Meanwhile, our key resistance levels are at $34,100, $35,000, and $36,000. While our key support levels are at $32,000, $31,000 and $30,000.

Total Market Capitalization: $974 billion

Bitcoin Market Capitalization: $610 billion

Bitcoin Dominance: 62.6%

Note: Learn2.Trade is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results.

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$200 Min Deposit
9
  • Award-winning Cryptocurrency trading platform
  • 14 Cryptoassets available to invest in
  • FCA & Cysec regulated
$200 Min Deposit
9.8

Highly volatile unregulated investment products. No EU investor protection.

  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$100 Min Deposit
9.8
  • Trade top Cryptos such as Bitcoin, Litecoin and Ethereum plus more
  • Zero commissions and no bank fees on transactions
  • Around the clock service with support in 14 languages
$100 Min Deposit
8.5
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8
Azeez Mustapha

Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.

FTSE 100 (UKX) Is in a Downward Move but May Reverse at Level 6361.10

Azeez Mustapha
31 January 2021 | Updated: 31 January 2021

Resistance Level: 7500, 7600, 7700
Support Level: 7300, 7200, 7100

FTSE 100 (UKX) Long-term Trend: Bearish
FTSE 100 has fallen to level 6407.50 after breaking below the moving averages. In such a breakdown, the downtrend is likely to continue on the downside. At other times, the market will pullback and resume upward. In a similar price action on December 21, the market fell to the low and move up.

UKX – Daily Chart

Daily Chart Indicators Reading:
The 21-day SMA and 50-day SMA are sloping upward indicating the previous trend. Presently, the share is at level 43 of the Relative Strength Index. It indicates that the UKX is in the downtrend zone and it is capable of falling

FTSE 100 (UKX) Medium-term Trend: Bearish
On the 4-hour chart, the share is in a downward move. On the January 28 downtrend, a retraced candle body tested the 78.6 % Fibonacci retracement level. The retracement indicates that the share will fall to level 1.618 Fibonacci extension. That is the low of 6361.10.

UKX – 4 Hour Chart

4-hour Chart Indicators Reading
The share is above the 20%range of the daily stochastic. It indicates that the share is in a bullish momentum. The 21-day and 50-day SMAs are sloping upward indicating the uptrend.

General Outlook for FTSE 100 (UKX)
FTSE 100 (UKX) share is still in a downward move. According to Fibonacci tool analysis, the share will fall to level 1.271 Fibonacci extensions or the low of 6361.10. At this level, the share is likely to reverse and move upward.


Note: Learn2.Trade is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$200 Min Deposit
9
  • Award-winning Cryptocurrency trading platform
  • 14 Cryptoassets available to invest in
  • FCA & Cysec regulated
$200 Min Deposit
9.8

Highly volatile unregulated investment products. No EU investor protection.

  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$100 Min Deposit
9.8
  • Trade top Cryptos such as Bitcoin, Litecoin and Ethereum plus more
  • Zero commissions and no bank fees on transactions
  • Around the clock service with support in 14 languages
$100 Min Deposit
8.5
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8
Azeez Mustapha

Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.

Markets Apprehension in the New Week Increases As Dollar, COVID-19 Weigh On

Azeez Mustapha
31 January 2021 | Updated: 31 January 2021

The coronavirus continued to hit the world in the past week. Boris Johnson, UK Prime Minister said he hoped it would be safe to reopen schools on March 8 as the country remains isolated. France closed its borders to all non-European countries. In the US, President Biden said Congress needs to act immediately on his proposed $1.9 trillion economic stimulus plan as more than 433,000 Americans have been killed.

So far, variants of the coronavirus have sprung up around the world, especially in the UK. Clinical trials of the vaccine against the South African variant of the coronavirus conducted by Novavix Inc do not protect participants who already had the coronavirus. Johnson and Johnson’s results are believed to be similar. And on Friday, the CEO of Pfizer said there is a high likelihood that future vaccines will not be used. The new strain has been found in 31 countries, including the United States.

This could hinder efforts to vaccinate enough people to build herd immunity! This week, traders will need to see if the variants will spread further and at what speed. The slowdown in herd immunity growth may become a problem for the economy in the first quarter.
Last Week Market Movers
Investors’ attention was diverted from the forex market amid the stock market turmoil. The US dollar benefited from the gloomy market sentiment but traded at familiar levels against its European counterparts. Commodity-linked currencies and the Japanese yen have been hit hardest by risk aversion.

GameStop rallied sharply as retail investors flocked to social media in search of a short-term squeeze. The stock tumbled on Thursday as different brokers imposed restrictions on options trading, new positions, and raised margins.

The madness grew as the illegality of trade boundaries was curtailed. Silver has also come to the attention of individual investors. The situation is far from over, and the commotion is likely to last until the next few days.

Wall Street ended the week with sharp losses after hitting new lows in January. At the same time, the yield on US Treasury bonds before the close of trading showed a slight increase amid generally encouraging data on the US.

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$200 Min Deposit
9
  • Award-winning Cryptocurrency trading platform
  • 14 Cryptoassets available to invest in
  • FCA & Cysec regulated
$200 Min Deposit
9.8

Highly volatile unregulated investment products. No EU investor protection.

  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$100 Min Deposit
9.8
  • Trade top Cryptos such as Bitcoin, Litecoin and Ethereum plus more
  • Zero commissions and no bank fees on transactions
  • Around the clock service with support in 14 languages
$100 Min Deposit
8.5
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8
Azeez Mustapha

Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.

GBPUSD May Advance Despite Declines From Mid 1.3700 ‘As Virus Spread Is Reduced’

Azeez Mustapha
31 January 2021 | Updated: 31 January 2021

GBPUSD Price Analysis – January 31

The GBPUSD pair exited the prior week with modest gains after it eased from the mid 1.3700 level to close at 1.3705. The coronavirus spread reduction eased the pressure and offered some reprieve to the UK currency which was quite resilient to the dollar’s demand on risk-aversion.

Key Levels
Resistance Levels: 1.4345, 1.4000, 1.3800
Support Levels: 1.3624, 1.3515, 1.3300
GBPUSD Long term Trend: Ranging
GBPUSD eased from its bullish traction around 1.3758 level but is still far from bearish. On the daily chart, the pair continues to advance above the bullish moving average of 13, which provides weak support at 1.3650, while technical indicators such as the RSI are ranging within positive levels.

In a broader context, the target remains at the key round figure of 1.3800. A sustained breakout at this point should also be accompanied by continued trading beyond the upper horizontal line, which is currently at 1.4000. This should confirm the mid-term bottom at 1.1409. Nonetheless, a deviation at 1.3519 would maintain medium-term bearish sentiment for another decline.
GBPUSD Short term Trend: Ranging
In the 4-hour chart, the pair settled within its moving average of 5 and 13 where both are directionless. Technical indicators hover around their midlines, lacking directional strength. Meanwhile, major indicators have lost their directional strength but hold within positive levels.

However, GBPUSD’s rise from 1.3177 continued to 1.3758 in the previous week but retreated. The initial bias is neutral this week. On the other hand, after the 1.3519 resistance turned support level, the pair could target the 1.3300 near term low. A decisive breach of the 1.3800 upper marks would restart the general rally from 1.1409.

NoteLearn2Trade.com is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$200 Min Deposit
9
  • Award-winning Cryptocurrency trading platform
  • 14 Cryptoassets available to invest in
  • FCA & Cysec regulated
$200 Min Deposit
9.8

Highly volatile unregulated investment products. No EU investor protection.

  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$100 Min Deposit
9.8
  • Trade top Cryptos such as Bitcoin, Litecoin and Ethereum plus more
  • Zero commissions and no bank fees on transactions
  • Around the clock service with support in 14 languages
$100 Min Deposit
8.5
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8
Azeez Mustapha

Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.

GBPJPY Upside Traction May Attract Buyers Past 144.00 Level, UK COVID-19 Softens

Azeez Mustapha
31 January 2021 | Updated: 31 January 2021

GBPJPY Price Analysis – Jan 31

GBPJPY moved with a fresh impetus while hitting the level at 143.95 high in the prior session. The pairs upside traction may attract buyers past the 144.00 level as it awaits the next catalyst this week. The pair’s buyers anticipate a raised prospect of a rally towards the old highs as UK Covid-19 softens.

Key Levels
Resistance Levels: 147.95, 145.00, 143.95
Support Levels: 142.71, 141.21, 139.47
GBPJPY Long term Trend: Bullish
As observed on the daily, the increase from 142.91 level in the prior session is seen as an advancing phase of the sideway ranging trend from 123.99 (low) level. As long as the 144.95 resistance level stays intact, and eventual downside breakout stays in consolidation.

Nevertheless, the firm breach of the 144.95 level may increase the outlook for a long term bullish reversal. The whole attention may then be altered to a 147.95 resistance level for validation. The chart trend is presently evolving as an ascending trend, which is a bullish signal in the medium term.
GBPJPY Short term Trend: Ranging
The mild retracement in GBPJPY at the end of the prior week suggests that the corrective rebound from 142.21 ended at 143.95 for another push this week. Initial sentiment remains in a range this week with another rebound anticipated. A breach of the 143.95 level would lead to the 144.95 resistance level to validate this bullish scenario.

However, on the other hand, a breach of the minor support level of 142.71 could reverse the upward trend towards the 140.31 level. Another downside move could increase selling pressure towards the 138.00 bottoms, breaking the upward pattern in the near term.

Note: Learn2.Trade is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing result

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$200 Min Deposit
9
  • Award-winning Cryptocurrency trading platform
  • 14 Cryptoassets available to invest in
  • FCA & Cysec regulated
$200 Min Deposit
9.8

Highly volatile unregulated investment products. No EU investor protection.

  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$100 Min Deposit
9.8
  • Trade top Cryptos such as Bitcoin, Litecoin and Ethereum plus more
  • Zero commissions and no bank fees on transactions
  • Around the clock service with support in 14 languages
$100 Min Deposit
8.5
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8
Azeez Mustapha

Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.

NZD/USD Finds Support Above Level 0.7100 and Rebounds, Uptrend Likely

Azeez Mustapha
31 January 2021 | Updated: 31 January 2021

Key Resistance Levels: 0.7000, 0.7200, 0.7400
Key Support Levels: 0.6200, 0.6000, 0.5800

NZD/USD Price Long-term Trend: Bearish
The Kiwi is intact as the pair rebounds above level 0.7100. Since January 27, the price has been falling after rejection from level 0.7250. The downtrend is likely to end if level 0.7150 support holds. The long candlestick tail indicates that there strong buying pressure above level 0.7100.

NZD/USD – Daily Chart

Daily Chart Indicators Reading:
Kiwi has risen to level 53 of the Relative Strength Index period 14. It indicates that the pair has enough room to rally on the upside. The 50-day SMA and 21-day SMA are sloping upwardly indicating the uptrend.

NZD/USD Medium-term Trend: Bearish
On the 4-hour chart, the NZD/USD pair is in an uptrend. On January 28 uptrend; a retraced candle body tested 61.8% Fibonacci retracement level. The retracement indicates that the pair will rise to level 1.618 Fibonacci extension. That is a high of level 0.7248.

NZD/USD – 4 Hour Chart

4-hour Chart Indicators Reading
The 50-day and 21-day SMAs are sloping horizontally. The Kiwi is above the 60% range of the daily stochastic. It indicates that the market is in a bullish momentum. The kiwi is likely to rise as the coin resumes an upward move.

General Outlook for NZD/USD
The NZD/USD pair has fallen and resumed upward from the low of 0.7100. According to the Fibonacci tool, the current uptrend will reach a high of level 0.7248.



Note: Learn2.Trade is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results


  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$200 Min Deposit
9
  • Award-winning Cryptocurrency trading platform
  • 14 Cryptoassets available to invest in
  • FCA & Cysec regulated
$200 Min Deposit
9.8

Highly volatile unregulated investment products. No EU investor protection.

  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$100 Min Deposit
9.8
  • Trade top Cryptos such as Bitcoin, Litecoin and Ethereum plus more
  • Zero commissions and no bank fees on transactions
  • Around the clock service with support in 14 languages
$100 Min Deposit
8.5
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8
Azeez Mustapha

Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.

Chainlink (LINK) Price Analysis: LINK Makes Positive Moves but Faces an Uphill Task at $24 High

Azeez Mustapha
30 January 2021 | Updated: 30 January 2021

Key Highlights
LINk faces rejection at $26 high
The crypto has a target price of $30.56

Chainlink (LINK) Current Statistics
The current price: $22.55
Market Capitalization: $22,588,192,832
Trading Volume: $3,485,144,033
Major supply zones: $18.00, $20.00, $22.00
Major demand zones: $8.00, $6.00, $4.00

Chainlink (LINK) Price Analysis January 30, 2021
LINK price has continued to make a series of higher highs and higher lows. On January 25, the crypto made higher highs and higher lows but have failed to continue with the uptrend. The coin was resisted at the $24 high. On the upside, if the bulls break the $24 resistance, the uptrend will continue. Conversely, if the current resistance remains unbroken, a sideways trend will follow.

LINK/USD – Daily Chart

Chainlink Technical Indicators Reading
The crypto’s price is in a sideways move and if it breaks the trend line, there will be a change in the trend. LINK is below 80% range of the daily stochastic. It indicates that the coin is in a bearish momentum. The price bars are above the SMAs which indicates a possible upward move of the coin.

LINK/USD – Daily Chart

Conclusion
Chainlink has a prospect of a further upward move. According to the Fibonacci tool, LINK will make a further upward move. On January 17 uptrend, a retraced candle body tested the 61.8% Fibonacci retracements level. The retracement indicates that LINK is likely to rise to level 1.618 Fibonacci extensions. That is the high of level $30.56.


Note: Learn2.Trade is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$200 Min Deposit
9
  • Award-winning Cryptocurrency trading platform
  • 14 Cryptoassets available to invest in
  • FCA & Cysec regulated
$200 Min Deposit
9.8

Highly volatile unregulated investment products. No EU investor protection.

  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$100 Min Deposit
9.8
  • Trade top Cryptos such as Bitcoin, Litecoin and Ethereum plus more
  • Zero commissions and no bank fees on transactions
  • Around the clock service with support in 14 languages
$100 Min Deposit
8.5
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8
Azeez Mustapha

Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.

Binance Coin (BNBUSD) Price Is Range-bound Within $44 and $40 Levels

Azeez Mustapha
30 January 2021 | Updated: 30 January 2021
BNBUSD Price Analysis – January 30

An increase in the bulls’ pressure may break up the resistance at the level of $44 which may increase the price to $47 and $51 support level. In case the resistance level at $44 is defended by the bears, the coin may face barriers at $40, $36, and $31

BNB/USD Market
Key levels:

Supply levels: $44, $47, $52
Demand levels: $40, $36, $31

BNBUSD Long-term Trend: Bullish

The Crypto is bullish in the daily chart. Seller’s pressure has pushed the price to a significant support level of $36 on January 22. The coin was bearish on the daily time that very week. A bullish reversal candle pattern emerges called Doji evening star at the same resistance level. This is the major reason why the price increases suddenly to the resistance level at $51 with the formation of the unstable market which leads to the formation of daily long-tailed daily candles.

BNBUSD Daily chart, January 30

The crypto is trading above the 9 periods EMA and the 21 periods EMA with the formation of many long-tailed Doji daily candles; this indicates an unstable market. An increase in the bulls’ pressure may break up the resistance at the level of $44 which may increase the price to $47 and $51 support level. In case the resistance level at $44 is defended by the bears, the coin may face barriers at $40, $36, and $31 resistance level.

BNBUSD medium-term Trend: Ranging

BNB price is on the ranging mode in the 4-hour chart. The bearish momentum pushes the crypto to taste the support level of $36 on January 22. A pin bar daily candle formed and this triggers the bullish movement in the BNB market. The price increases to test the $47 level. The price is currently constrained between the $44 and $40 level.

BNBUSD 4 hour Chart, January 30

The crypto is trading over and around the 9 periods EMA and 21 periods EMA which indicates that consolidation is in progress in the BNB market and the Relative Strength Index period 14 pointing down above 50 levels indicates a sell signal.

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$200 Min Deposit
9
  • Award-winning Cryptocurrency trading platform
  • 14 Cryptoassets available to invest in
  • FCA & Cysec regulated
$200 Min Deposit
9.8

Highly volatile unregulated investment products. No EU investor protection.

  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$100 Min Deposit
9.8
  • Trade top Cryptos such as Bitcoin, Litecoin and Ethereum plus more
  • Zero commissions and no bank fees on transactions
  • Around the clock service with support in 14 languages
$100 Min Deposit
8.5
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8
Azeez Mustapha

Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.

Japan 225 (JP225USD) Is in a Downtrend, Targets Level 26956.40

Azeez Mustapha
30 January 2021 | Updated: 30 January 2021

Key Resistance Zones: 27200, 27600, 28000
Key Support Zones: 20800, 20400, 20000

Japan 225 (JP225USD) Long-term Trend: Bullish
Japan 225 has resumed a downward move after a week of fluctuation below level 29000. The index has fallen and it is approaching the low of level 27000. The price has broken the 21-day SMA. The downward movement will be accelerated if the price breaks below the 50-day SMA.

JP225USD – Daily Chart

 IndiDaily Chartcators Reading:
Japan 225 has fallen to level 46 of the Relative Strength Index. It indicates that the market is in a downtrend zone. The 21-day SMA and 50-day SMA are sloping upward indicating the uptrend.

Japan 225 (JP225USD) Medium-term Trend: Bearish
On the 4- hour chart, the index is in a downward move. On January 29 downtrend; a retraced candle body tested the 61.8% Fibonacci retracement level. The retracement gives the impression that the market will fall to level 1.618 Fibonacci extension or 26956.40.

JP225USD – 4 Hour Chart

4-hour Chart Indicators Reading
The 21-day SMA and the 50-day SMA are sloping upward indicating the uptrend. JP225USD is below the 25% range of the daily stochastic. The index is in a bearish momentum and it is approaching the oversold region.

General Outlook for Japan 225 (JP225USD)
Japan 225 is in a downward move. According to the Fibonacci tool analysis, the index is likely to further depreciate to level 1.618 or 26956.40.



Note: Learn2Trade.com is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results


  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$200 Min Deposit
9
  • Award-winning Cryptocurrency trading platform
  • 14 Cryptoassets available to invest in
  • FCA & Cysec regulated
$200 Min Deposit
9.8

Highly volatile unregulated investment products. No EU investor protection.

  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$100 Min Deposit
9.8
  • Trade top Cryptos such as Bitcoin, Litecoin and Ethereum plus more
  • Zero commissions and no bank fees on transactions
  • Around the clock service with support in 14 languages
$100 Min Deposit
8.5
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8
Azeez Mustapha

Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.

Shanghai SE Composite Index (SHCOMP) Falls at Level 3446.547, Makes Upward Correction

Azeez Mustapha
29 January 2021 | Updated: 29 January 2021

Key Resistance Zones: 3500, 3600, 3700
Key Support Zones: 2800, 2700, 2600

Shanghai SE Composite Index (SHCOMP) Long-term Trend: Bearish
SHCOMP is in a downward move after it was repelled at the overbought region. On January 21 and 25, the price tested level 3640 twice and was repelled. The index fell to the low of level 3440 and pulled back. The long candlestick tail above level 3440 indicates strong buying pressure at a lower level.

SHCOMP – Daily Chart

Daily Chart Indicators Reading:
SHCOMP has fallen to level 44 of the Relative Strength Index period 14. The index is in the downtrend zone and below the centerline 50. The 21-day SMA and 50-day SMA are sloping upward indicating the upward.

Shanghai SE Composite Index (SHCOMP) Medium-term Trend: Bearish
On the 4- hour chart, the index is in a downward move. On January 27 downtrend; a retraced candle body tested the 78.6% Fibonacci retracement level. The retracement indicates that SHCOMP will rise and reverse at level 1.272 Fibonacci extensions. The price action has fallen beyond the reversal level.

SHCOMP – 1 Hour Chart

1-hour Chart Indicators Reading
SHCOMP is below the 20% range of daily stochastic. The index has fallen to the oversold region. Buyers are expected to emerge in the oversold region. The 21-day SMA and the 50-day SMA are sloping downward indicating the downtrend.

General Outlook for Shanghai SE Composite Index (SHCOMP)
SHCOMP has fallen to the oversold region. The downtrend has reached bearish exhaustion. The index has fallen to level 3455 as the price makes an upward correction. The market will resume upward if the current support holds.



Note: Learn2.Trade is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$200 Min Deposit
9
  • Award-winning Cryptocurrency trading platform
  • 14 Cryptoassets available to invest in
  • FCA & Cysec regulated
$200 Min Deposit
9.8

Highly volatile unregulated investment products. No EU investor protection.

  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$100 Min Deposit
9.8
  • Trade top Cryptos such as Bitcoin, Litecoin and Ethereum plus more
  • Zero commissions and no bank fees on transactions
  • Around the clock service with support in 14 languages
$100 Min Deposit
8.5
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8
Azeez Mustapha

Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.