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.
According to a recent report by CoinShares, Ripple (XRP) investment products recorded a spike in capital inflows last week. CoinShares also highlighted the growing popularity of Cardano and Polkadot. In its digital asset fund flows report, the assets manager noted that the entire cryptocurrency investment products attracted about $74 million in capital inflows last week. […]
Key Resistance Zones: 34000, 34500, 35000Key Support Zones: 27000, 26500, 26000 US Wall Street 30 (US30USD) Long-term Trend: BullishUS30USD is in an upward move. The uptrend is facing resistance at level 34500. Since May 28, the upward move has been resisted. The index is now trading below the recent high. Meanwhile, on May 17 uptrend; […]
Key Resistance Levels: 1.0800, 1.0900, 1.1000Key Support Levels: 1.0600, 1.0500, 1.0400 EUR/CHF Price Long-term Trend: BearishThe pair is falling after the rejection at level 1.1100. The price corrected upward to retest level 1.1100 before signaling the downward move. Meanwhile, on March 16 downtrend, a retraced candle body tested the 38.2% Fibonacci retracement level. The retracement […]
Creator of popular Bitcoin price analysis model stock-to-flow (S2F), Plan B, has just updated his notorious chart with a dot to represent the recent market performance. Plan B noted earlier today that “we knew bitcoin would not go up in a straight line” and added that the market action is “starting to look like 2013.” […]
The Canadian dollar surges, and according to figures released on Tuesday, the Canadian economy grew at a rate of 5.6 percent in the first quarter, slightly below expectations. The data does not impact the National Bank of Canada’s forecast for strong growth in the second half of 2021, according to economists. Because of the reintroduction […]
Key HighlightsLitecoin is in a downward correctionLitecoin has a target price of $239 Litcoin ( LTC) Current StatisticsThe current price: $184.07Market Capitalization: $15,489,921,660Trading Volume: $3,075,108,252Major supply zones: $200, $220, $240Major demand zones: $100, $80, $60 Litecoin (LTC) Price Analysis June 1, 2021Following the bearish impulse on May 23, the altcoin fell to $118 low as […]
New reports show that Ethereum users and enthusiasts have deposited a significant amount of ether to the “ETH2 deposit contract.” At press time, total deposits into the contract are at 5,210,370 ETH. In monetary terms, these deposits, which began six months and three weeks ago, have brought the amount locked in the Beacon Chain contract […]
USDCHF Price Analysis – June 1 Throughout the mid-European session, the USDCHF pair oscillated between mild gains and slight losses, remaining near the crucial psychological level of 0.9000. The safe-haven Swiss franc was weakened by the pervasive risk-on mood, as seen by a continuous advance in global equity markets. Key LevelsResistance Levels: 0.9129, 0.9080, 0.9045Support […]
ADA Price Analysis – June 01 Increase in the bulls’ momentum will increase the price to the resistance level of $1.87, the bullish momentum may extend to the resistance level of $2.08 and $2.30 levels. If the bears break down the support level at $1.64, the price may decrease to $1.46 and $1.31 levels. ADA/USD […]
