Coinbase Acquires Data Analytics Company; Allows Crypto Purchases Through PayPal

Azeez Mustapha
30 April 2021 | Updated: 30 April 2021

Coinbase, the largest cryptocurrency in the US, has announced that users can now buy digital assets on the platform via debit cards and bank accounts linked to PayPal and Venmo. However, this service only allows a limited amount of crypto purchases for now.

Normally, ACH and wire transfers take a long while to process. However, with a PayPal account, users can start carrying out transactions on Coinbase instantly. The user does not have to provide a bank account linked to Coinbase.

To purchase cryptocurrency using PayPal, it has to be selected as the payment method. Subsequently, you have to add a debit card to a bank account linked to the PayPal account and make a purchase, and is applicable only for $25,000 a day.

The PayPal crypto purchase option on Coinbase is only available to a few countries, including the US, Canada, the EU, and the UK.

Coinbase Acquires Skew
Meanwhile, Coinbase has just announced the acquisition of data analytics platform Skew, which would allow the company to deliver real-time actionable data analytics to institutions and traders.

 

This acquisition will help the company cater to more than 7,000 financial institutions and boost its prime offering. That said, Coinbase’s acquisition is subject to traditional closing conditions and is expected to close in the second quarter.

Skew, a London-based company was founded in 2018 and serves over 100 customers, including One River Asset Management and Susquehanna International Group.

Earlier this month, Coinbase became a publicly listed enterprise, with its share price hitting a peak of $430. At press time, COIN is trading at $294.77.

 

You can purchase crypto coins here: Buy Coins

  • 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.

US Dollar Recovers on Positive PCE Inflation As EURO Declines Owing to Mixed GDP Data

Azeez Mustapha
30 April 2021 | Updated: 30 April 2021

After much stronger than expected PCE inflation results, the dollar recovered early in the American session. But, at the moment, the Canadian dollar is slightly more resilient, as shown by GDP figures. The yen is also recovering, thanks to mild risk aversion and small yield declines in Germany and Japan. The European majors, on the other hand, are currently weaker. The Eurozone’s GDP data is mixed, which does not bode well for the currency.

Technically, attention will now again be focused on some of the dollar’s minor resistance levels to see if it is poised for a stronger bounce when markets return in May. In March, personal income in the United States increased by 21.1% mom, or by $ 4.21 trillion, which is above expectations of 20.0% mom. Expenses rose by 4.2% mom, or by $ 616 billion, which is above expectations of 3.8% MoM. Headline inflation PCE sharply accelerated to 2.3% YoY, compared to 1.5% YoY, well above expectations in 1, 6% YoY Core inflation PCE also jumped to 1.8% YoY from 1.4% YoY, above expectations of 1.8% YoY.

Eurozone GDP fell -0.6% QoQ in the first quarter, better than expected -0.8% QoQ. EU GDP contracted by -0.4% QoQ Eurozone GDP fell by -1.8% y/y annually, while the EU contracted by -1.7% q/q. Among the EU member states for which data for the first quarter of 2021 are available, the largest decline compared to the previous quarter was recorded in Portugal (-3.3%), followed by Latvia (-2.6%) and Germany (- 1.7%), and Lithuania. (+ 1.8%) and Sweden (+ 1.1%) recorded the highest growth. Annual growth rates were negative for all countries except France (+ 1.5%) and Lithuania (+ 1.0%).

Amidst Japan and China Data, Asian Markets Remain in Moderate Risk-Off Mode
Despite the strength of the US dollar, financial markets in Asia are trading with moderate risk today. The release of positive economic data from Japan and China did nothing to boost trust. India’s record number of coronavirus infections has alarmed the country as a whole. In terms of foreign exchange markets, the yen and dollar are expected to be the weakest, while the Canadian and New Zealand dollars will be the most strong.

Industrial production in Japan rose 2.2% m/m in March, much better than expectations of a decline of 2.0% m/m. According to a survey by the Ministry of Economy, Trade, and Industry, production is expected to grow by another 8.4% in April and then up 4.3% in May. The unemployment rate fell to 2.6% from 2.9%, better than expected at 2.9%. Housing start-ups rose 1.5% y/y, compared with your expectations of -7.4%.

Consumer confidence fell to 34.7 from 36.1, above expectations of 34.0. In Tokyo, the core CPI fell to 0.0% YoY from 0.3% YoY, falling short of expectations of 0.3% YoY.

The official NBS Manufacturing PMI in China fell to 51.1 in April from 51.9, below the 51.4 forecasts. The NBS non-manufacturing PMI fell to 54.9 from 56.3, below its 52.6 forecasts. “Some companies interviewed report that problems such as chip shortages, international logistics problems, container shortages, and rising freight rates are still serious,” said NBS statistician Zhao Qinghe. The Caixin Manufacturing PMI rose to 51.9 from 50.6, above expectations of 50.9.

  • 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.

USOIL (WTI) Is In An Upward Move,Faces Rejection At $68 High

Azeez Mustapha
30 April 2021 | Updated: 30 April 2021

Key Resistance Levels: $66.00, $70.00, $74.00
Key Support Levels: $48.00,$44.00,$40.00

USOIL (WTI) Long-term Trend: Bullish
USOIL has resumed an upward move. WTI is falling after retesting the high of $65. The USOIL has rebounded above $61 as price reached the high of $65 before its downward move. The upward move has been ongoing above the $57 support. Meanwhile, on April 20 uptrend, a retraced candle body tested the 61.8% Fibonacci retracement level. The retracement indicates that USOIL will rise to level 1.618 Fibonacci extension or the high of $64.34.

USOIL – Daily Chart

Daily Chart Indicators Reading:
USOIL (WTI) has risen to level 56 of the Relative Strength Index period 14. It indicates that USOIL is in an uptrend and above the centerline 50. The 21-day and 50-day SMAs are sloping upward indicating the uptrend.

USOIL (WTI) Medium-term bias: Bullish
On the 4 hour chart, the WTI price is in a sideways move below the $65 resistance level. Each time the price retest the resistance level WTI will fall to the low of $61.On April 29 uptrend a retraced candle body tested the 61.8% Fibonacci extension. The retracement indicates that the market will rise to level 1.618 Fibonacci extension or the high of $68.31.

USOIL – 4 Hour Chart

4-hour Chart Indicators Reading
WTI price is below the 50% range of the daily stochastic. The market is in a bearish momentum The 21-day and 50-day SMAs are sloping upward indicating the uptrend.

General Outlook for USOIL (WTI)
USOIL (WTI) is in an uptrend. The upward move is facing rejection at $65 and $68. Presently, Crude oil is present in a downward move. WTI will resume upward if price finds support above the previous lows


You can purchase crypto coins here: Buy Coins

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.

Following Fresh Yearly Highs of 132.36, EURJPY Stays Under Pressure Amid Weak German GDP

Azeez Mustapha
30 April 2021 | Updated: 30 April 2021

EURJPY Price Analysis – April 30

After reaching fresh yearly highs at the 132.36 level during Thursday’s trading session, the EURJPY is trading on the defensive. It has taken positive steps almost throughout April. EURJPY stays under pressure amid weak German GDP shrinking by 1.7 percent in the first quarter, which was worse than predicted.

Key Levels
Resistance Levels: 133.00, 132.50, 132.00
Support Levels: 131.00, 130.68, 130.00
EURJPY Long term Trend: Ranging
EURJPY is trading within the mid-131.00 mark, but below the recent peak. The pair reached daily highs of around 132.19 before settling at 131.45 as at the time of this post. The cross is currently losing 0.26 percent at 131.68 and confronts support at 131.40, then 131.00 (psychological level). A bounce above 132.36 (yearly high Feb.25), on the other hand, will reach a high above the 132.50 handles.

Looking at the broader picture, while above the moving average 5 at 129.80 level the outlook for the cross should remain constructive. The Relative Strength Index has made a bearish divergence pattern while the price is below the horizontal barrier at 132.50. The pair may continue falling as bears target the next support at the $131.00 level.
EURJPY Short term Trend: Ranging
The intraday bias in EURJPY is altered slightly bearish at the upside channel with the present retreat. Meanwhile, some consolidations could be seen beneath the 132.36 temporary high. But further range trading is anticipated for as long as 131.00 resistance turned support level holds intact.

On the upside, above 132.36 level may restart the bullish trend from 128.29 to 130.68 to 129.56 from 130.20 at 132.50 next level. EURJPY has also moved above the moving average of 5 and 13 while the 4 hour RSI hovers above its neutral line. The pair may resume the upward trend to the 132.50 level.

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.

GBP/JPY Is In A Downward Correction, Upward Move Likely

Azeez Mustapha
30 April 2021 | Updated: 30 April 2021

Key Resistance Levels: 150.000, 152.000, 154.000
Key Support Levels: 146.000, 144.000, 142.000

GBP/JPY Price Long-term Trend: Ranging
GBP/JPY is presently in a sideways trend. Since March 11, the currency pair has been struggling to break above level 152.500. The pair has retested the resistance level on more than three occasions. On April 6 the resistance was broken but the bullish momentum could not be sustained. Meanwhile, on April 6, a retraced candle body tested the 38.2% Fibonacci retracement level. The retracement indicates that the Pound will rise to level 2.618 Fibonacci extension or the high of 160.86.

GBP/JPY – Daily Chart

Daily Chart Indicators Reading:
GBP/JPY has risen to level 56 of the Relative Strength Index period 14. This indicates that the pair is in the uptrend zone and above the centerline 50. The 21-day and 50-day SMAs are sloping upward indicating the uptrend.

GBP/JPY Medium-term Trend: Ranging
On the 4-hour chart, the pair is in a sideways move. The pair retested the resistance at $152.00 twice but was repelled. Today, the market is falling after retesting level 152.500. In the previous price action, the currency pair will fall to level 149.50 after retesting the resistance zone.

GBP/JPY -4 Hour Chart

4-hour Chart Indicators Reading
The GBP/JPY pair is below the 60% range of the daily stochastic. The market is in a bearish momentum. The 21-day and 50-day SMAs are sloping horizontally indicating the sideways move.

General Outlook for GBP/JPY
The GBP/JPY pair is currently in an upward move. The pair will resume upward if the resistance at level 152.500 is breached. According to the Fibonacci tool, the market will rise to 2.618 Fibonacci extension or the high 160.86.

You can purchase crypto coins here: Buy Coins

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.

GBP/JPY Challenges A Confluence Area!

Olimpiu Tuns
30 April 2021 | Updated: 30 April 2021

GBP/JPY dropped aggressively in the short term and now is pressuring a support area. It’s traded at 151.41 at the time of writing lower versus 152.40 yesterday’s high.

The Japanese Yen could start decreasing again if the Nikkei (JP225) jumps higher after its minor decline. The Pound is still bullish versus its rivals, so it could take the lead again.

GBP/JPY H4 Technical Analysis!

GBP/JPY decreased a little from above 151.98 former high. Now it has retested the weekly R1 (151,36), the lower median line (lml), and the broken warning line (WL1).

We have a strong confluence area at the intersection of the mentioned support levels. So, a rejection or a false breakdown could send the rate higher again in the short term.

Conclusion!

A false breakdown or a rejection from the confluence area could bring a new swing higher in the short 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 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
Olimpiu Tuns

Olimpiu Tuns

Olimpiu Tuns graduated with a Master in Business Administration and is a seasoned Market Analyst / Trader / Trainer with 10 years of experience in the financial markets having expertise in Forex, Commodities, Index, Cryptocurrencies, and Stocks. He worked as a Market Analyst for three major brokerage companies, as a prop trader, and as a contributor/content creator for news portals and educational platforms.

Tron Ecosystem Sees Massive Growth as UME and SocialSwap Gain Popularity

Azeez Mustapha
30 April 2021 | Updated: 30 April 2021

UME and SocialSwap, two popular DApps on the Tron (TRX) blockchain, are reportedly the biggest contributors to the massive growth seen on the network in recent weeks. These decentralized applications are the most preferred among Tron users, despite their relatively high gas fees.

According to a report by DappRadar, UME posted a 210% growth in daily transactions, while SocialSwap increased its user base by over 60% last week alone.

Tron has been in business for over a year now and has a Total Value Locked (TVL) of $10 billion. The Tron blockchain offers users fast and cheap transactions, a very appealing combination for new entrants into the crypto industry. Over the past month, Tron has recorded a 210% increase in transactions, 16% increase in user base, and over 500% increase in trading volume.

UME is the proprietary governance token of the Uswap decentralized exchange (DEX) on the Tron network. Users can stake and earn UME on the Tron network, and it offers a gateway to Uswap. One of the reasons behind the boom of Uswap was its recent participation in the DeFi hackathon hosted by Tron founder Justin Sun earlier this month. The project came in second place.

Meanwhile, Uswap has an NFT marketplace scheduled for launch on the last week of the month. This development means that Tron could be engaged in the NFT industry soon.

Key TRX Levels to Watch — April 30
Following its rebound from the $0.095 support, Tron appears to have fallen into consolidation below the $0.1250 resistance. However, the cryptocurrency could break the $0.1250 – $0.1300 resistance area in the coming hours, which could trigger a resumption of a bull rally.

TRXUSD – Hourly Chart

That said, failure to scale the immediate resistance could keep the TRX in a sideways momentum over the weekend.

Meanwhile, our resistance levels are $0.1250, $0.1300, and $0.1350, and our support levels are $0.1200, $0.1150, and $0.1100.

Total Market Capitalization: $2.12 trillion

TRON Market Capitalization: $8.9 billion

TRON Dominance: 0.42%

Market Rank: #19

 

You can purchase crypto coins here: Buy Coins

  • 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 Breaks Up $599 Level, Targeting $663

Azeez Mustapha
30 April 2021 | Updated: 30 April 2021

BNBUSD Price Analysis – April 30

Further increase in the buyers’ momentum will push the Binance Coin to the resistance level of $663 and if the daily candlestick close above it, then, the price may increase further to test the $758 and $850 resistance levels. Inability to break up the resistance level of $663 by the bulls, BNBUSD will decrease to the support levels at $599, $503, and $420.

BNBUSD Market

Key levels:

Resistance levels: $663, $758, $850

Support levels: $599, $503, $420

BNBUSD Long-term trend: Bearish

The bulls prevail over the bears in the BNBUSD market. The coin was under the pressure of the sellers last week and this decreased the price to the support level at $503. The buyers interrupts the sellers at the mentioned support level with the formation of bullish engulfing candle. The price is pushed up towards the resistance level at $599. Today, the price has broken up the just mentioned resistance level. The price is exposes to $663 level.

BNBUSD Daily chart, April 30

Binance Coin has penetrated the fast moving average and the slow moving average; it is trading above the 9 periods EMA and 21 periods EMA which indicate that the bulls are in control of the Binance coin market. The Relative Strength Index period 14 is at 70 levels with the signal lines pointing up to indicate a buy signal. Further increase in the buyers’ momentum will push the Binance Coin to the resistance level of $663 and if the daily candlestick close above it, then, the price may increase further to test the $758 and $850 resistance levels. Inability to break up the resistance level of $663 by the bulls, BNBUSD will decrease to the support levels at $599, $503, and $420.

BNBUSD medium-term Trend: Bullish

BNBUSD is bullish in the 4-hour chart. The support level of $503 prevented further decrease in price due to the low bearish momentum. The price tested the level on 25 April, the Binance coin reverses and increase to break up $599 level. It is currently heading towards the resistance level at $663.

BNBUSD 4-hour chart, April 30

The price has penetrated 9 periods EMA and 21 periods EMA upside while the coin is trading above the two EMAs which connotes an increase in the bulls’ momentum.

You can purchase crypto coins here: Buy coins

 

  • 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.

Polkadot (DOT) Recovers Above The $28 Support, Poises For Upward Move Soon

Azeez Mustapha
30 April 2021 | Updated: 30 April 2021

Key Resistance Levels: $60, $62, $64
Key Support Levels: $40,$38,$36

Polkadot (DOT) Price Long-term Trend: Ranging
Since April 24, DOT price fell to the $28 support as the altcoin resumed upward. The recent fall was caused by a rejection from the high of $48. The bottom line is that since Polkadot attained its price level at $40, the upward move becomes impossible. The coin was compelled to trade below the $40 resistance. On April 5 and 17, buyers push DOT price above the $40 high but the bullish momentum was repelled. Today, Polkadot is rising to retest the $40 resistance. The sideways move will continue until the $40 resistance is convincingly breached.

DOT/USD – Daily Chart

Daily Chart Indicators Reading:
DOT/USD has risen to level 50 of the Relative Strength Index period 14. It indicates that there is a balance between supply and demand. The 21-day SMA and the 50-day SMA are sloping horizontally since February 22 when the coin resumed a range-bound movement.

Polkadot (DOT) Medium-term Trend: Bullish
On the 4-hour chart, the altcoin has resumed an upward move. On April 28 uptrend; a retraced candle body tested the 78.6% retracement level. This retracement indicates that DOT is likely to rise to level 1.272 Fibonacci extension or the high of $37. DOT is rising and approaching the Fibonacci 1.272 extension which will spark off the reversal.

DOT/USD – 4 Hour Chart

4-hour Chart Indicators Reading
The altcoin is above the 80% range of the daily stochastic. DOT price is approaching the overbought region of the market. Presently, DOT price has a bullish crossover. The 21-day SMA crosses over the 50-day SMA which gives a buy signal.

General Outlook for Polkadot (DOT)
Polkadot (DOT) has resumed an upward move after recovering above the $28 support. The altcoin is struggling to sustain above the $40 resistance. Previous attempts to sustain above $40 high have failed. Meanwhile, DOT has a target price of $58.23 if the current resistance is breached.


You can purchase crypto coins here: Buy Coins


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.

Gold (XAUUSD) Faces Rejection At Level $1,800, Resumes Downward Move

Azeez Mustapha
29 April 2021 | Updated: 29 April 2021

Key Resistance Levels: $1,900, $1,950, $2000
Key Support Levels: $1,750, $1, 700,$1,650

Gold (XAUUSD) Long-term Trend: Bearish
Gold was in a brief uptrend as the market rallied to a high of level $1.797.72. The pair was repelled in the $1,800 resistance zone. Presently, the market is fluctuating below the recent high. On April 8 uptrend; the retraced candle body tested the 78.6% Fibonacci retracement level. The retracement has indicated that Gold will rise to 1.272 Fibonacci extensions and reverse. From the price action, the Gold price is fluctuating at the Fibonacci level for a possible reversal.

XAUUSD – Daily Chart

Daily Chart Indicators Reading:
Gold is at level 54 of the Relative Strength Index period 14. It indicates that the market is in the uptrend zone and above the centerline 50. The 21-day SMA and 50-day SMA are sloping upward indicating the uptrend.

Gold (XAUUSD) Medium-term bias: Bullish
On the 4 hour chart, the XAUUSD price is in a sideways move below the $1,800 resistance. The Gold price will fall each time it retests the resistance zone. On April 23, a retraced candle body tested the 50% Fibonacci retracement level. This implies that Gold is expected to fall to level 2.0 Fibonacci extension or level $1,742.95.

XAUUSD – 4 Hour Chart

4-hour Chart Indicators Reading
XAUUSD is below the 60% range of the daily stochastic. Gold is in a bearish momentum. The 21-day SMA and the 50-day SMA are sloping horizontally indicating the sideways move.

General Outlook for Gold (XAUUSD)
XAUUSD price is likely to fall after rejection from the $1,800 resistance. According to the Fibonacci tool, Gold will reverse to 78.6% Retracement level or level $1,740 where it originated.

You can purchase crypto coins here: Buy Coins


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.