Key HighlightsEthereum slumps to $1,386.36 low and resumes upwardThe crypto has resumed upward and targets the $2,000 Ethereum ETH) Current StatisticsThe current price: $1,629.44Market Capitalization: $187,011,986,101Trading Volume: $50,431,709,770Major supply zones: $2,000, $2,200, $2,400Major demand zones: $1,800, $51,600, $1,400 Ethereum (ETH) Price Analysis February 24, 2021 Following the recent breakdown on February 20, the biggest altcoin […]
Read moreUS Federal Reserve Chief Powell gives testimony on monetary policy before Congress. “The economy is still far from meeting its inflation and employment targets,” Powell said. His prepared remarks before addressing Congress also confirm that the outlook has improved. In a semi-annual testimony, Fed Chairman Jerome Powell admitted that “the number of new (coronavirus) cases […]
Read moreMoneygram International announced yesterday that it has halted operations on Ripple’s platform. The news came with the company’s Q4 and 2020 earnings report. In its outlook for the first quarter of 2021, Moneygram noted that it “is not planning for any benefit from Ripple market development fees in the first quarter,” adding that “due to […]
Read moreKey Resistance Zones: 33000, 33500, 34000Key Support Zones: 26000, 25500, 25000 US Wall Street 30 (US30USD) Long-term Trend: BearishUS Wall Street 30 is in an uptrend. The uptrend is being interrupted at level 31600. The index is presently retracing from the recent high. The price is now testing the 21-day SMA. The upward move will […]
Read moreUSDCHF Price Analysis – February 23 USDCHF has been outperforming during the European session breaking the above-known barriers. The pair emerges from lows at 0.8949 level while sustaining its upside run past the 0.9000 level. At the moment, US Dollar Index (DXY), is down 0.1% on the day after it rose to a daily high […]
Read moreThe “no boring days in crypto” trope appears to have gained more validation over the past 24 hours. Just a few hours after Bitcoin (BTC) recorded a new all-time high at $58,480 and seemed to be waxing stronger on its bullish momentum, the benchmark cryptocurrency got racked with one of the sharpest declines in its […]
Read moreKey Resistance Levels: 1.0800, 1.0900, 1.1000Key Support Levels: 1.0600, 1.0500, 1.0400 EUR/CHF Price Long-term Trend: BullishEUR/CHF is in a strong uptrend. The bulls have finally broken the resistance at level 1.0850 which has been holding since November 2020. The price has risen above level 1.0900. Meanwhile, on February 8 uptrend; a retraced candle body tested […]
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Key Resistance Level: 1.2180 Key Support Levels: 1.2150 – 1.21 Mid-Term View The EUR/USD has rallied to a big level. Last time it tested and rejected it, price moved down 230 pips (-1.88%). It´s important to see the confluence here (key resistance + short term bullish structure test + short term bullish targets + DXY […]
Read moreKey Support Levels: 104.90 Key Resistance Levels: 105.40 – 105.70 – 106.20 Long Term View The USD/JPY is trading inside a mid term bullish structure and has now retraced back 76.4% of the entire bullish move to retest the structure and the previous weekly lows having hit short term bearish targets in confluence. Long term […]
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