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.
Oracle service provider Chainlink (LINK) has suffered a heavy bearish blow with the broader market correction over the last month. LINK is currently down by over 65% from its all-time high of $52.91 recorded on May 10. Consequently, LINK has dropped in rankings from the top ten largest cryptocurrency by market cap and currently holds […]
Key Resistance Levels: $1,900, $1,950, $2000Key Support Levels: $1,750, $1, 700,$1,650 Gold (XAUUSD) Long-term Trend: BearishXAUUSD is in a downward correction. Gold fell to the low above $1,760 and resumed a range-bound move above the current support. For the past week, the Gold price has been consolidating above the current support. On June 3 downtrend, […]
Key Resistance Levels: 111.000, 112.000, 113.000Key Support Levels: 104.000, 103.000, 102.000 USD/JPY Price Long-term Trend: BullishUSD/JPY is in an upward move. The currency price is making a series of higher highs and higher lows. On June 17 uptrend; a retraced candle body tested the 61.8% Fibonacci retracement. The retracement indicates that the Yen will rise […]
Resistance Level:7500, 7600, 7700Support Level: 7300, 7200, 7100 FTSE 100 (UKX) Long-term Trend: BullishUKX index is in an upward move. The first uptrend was terminated at level 7200. This caused the index to fall the low of level 7008. FTSE 100 has recovered and it is resuming a fresh uptrend. The index price is breaking […]
At today’s BoE meeting, investors who expected additional hawks to enter the policy discussion were disappointed. The pound has fallen sharply today as the BoE failed to surprise with a hawkish statement. While the outlook appeared to be positive, the MPC, except head economist Andy Haldane, would prefer to wait until August to make any […]
The total number of ETH staked in the Ethereum 2.0 deposit contract continues to increase exponentially and would likely continue to do so as the launch date gets closer. According to a report by CryptoQuant yesterday, the ETH 2.0 deposit contract received over 100,000 ETH (worth over $200 million) in a single day, its most […]
Key Resistance Zones: 34000, 34500, 35000Key Support Zones: 27000, 26500, 26000 US Wall Street 30 (US30USD) Long-term Trend: BullishSince June 21, the selling pressure has subsided as the index resumed an uptrend. US Wall Street 30 fell to the low of 33197.50 and resumed an upward move.US30USD has reached level 34207. The upward move is […]
Cathie Wood, the founder, CEO, and CIO of Ark Invest, recently bought Bitcoin (BTC) on the last dip. Reports show that the investor bought over 1 million shares in the Grayscale Bitcoin Trust on Tuesday. Wood’s ARK Next Generation Internet ETF (ARKW) reportedly purchased 1,046,002 GBTC shares. This purchase brings the fund’s total GBTC holdings […]
Key Resistance Levels: $0.45, $0.46, $0.47Key Support Levels: $0.25, $0.20,$0.15 DOGE/USD Long-term Trend: BullishDOGE’s price fell to the $0.1650 support twice before resuming upward. The uptrend has reached the high of $0.244 which caused it to retrace. Presently, the upward move is facing rejection as it reaches the overbought region of the market. However, the […]
