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 CryptoQuant, the number of Bitcoins (BTC) left on cryptocurrency exchanges has been depleting continuously for about a year. The on-chain analytics firm noted that BTC held in exchange wallets reached an all-time high around three million during the liquidity crisis in March 2020, which saw Bitcoin fall below $4,000. As the cryptocurrency began […]
Resistance Level: 7500, 7600, 7700Support Level: 7300, 7200, 7100 FTSE 100 (UKX) Long-term Trend: BullishFTSE 100 is in an uptrend but it is reaching the overbought region. On December 10 uptrend, a retraced candle body tested the 61.8% Fibonacci retracement level. The retracement indicates The share will rise to level 1.618 Fibonacci extension. That is […]
Key Resistance Levels: 0.7000, 0.7200, 0.7400Key Support Levels: 0.6200, 0.6000, 0.5800 NZD/USD Price Long-term Trend: BearishThe Kiwi has resumed a downward move. The pair is facing rejection at level 0.7300. On December 17 uptrend; a retraced candle body tested the 78.6% Fibonacci retracement level. The NZD/USD pair will rise to level 1.272 Fibonacci extension and […]
GBPUSD Price Analysis – January 10 GBPUSD continues to grapple with upside momentum in a bid to recover the 1.3600 level while the pair underperformed in the prior week as England returned to a March 2020 style lockdown. The UK entered a harsh lockdown to prevent hospitals from collapsing due to the new virus strain. […]
XRP/USD Market January 10 Further increase in the bulls’ pressure may penetrate the resistance level of $0.36 level; the price may increase to $0.39 and $0.46. In case the resistance level of $0.36 holds, the price may reverse and the support levels of $0.29, $0.20, and $0.16 may be tested. Key Levels: Resistance levels: $0.36, […]
GBPJPY Price Analysis – January 10 In the new week, GBPJPY is likely to retain its upside traction beyond the mid 140.00 level while endorsing positive price action. Earlier GBPJPY has been on the back foot with GBP struggling on lockdown concerns. Key LevelsResistance Levels: 145.00, 142.71, 141.21Support Levels: 139.47, 138.00, 137.00GBPJPY Long term Trend: […]
Bitcoin (BTC) is set to close its first weekly candle for the new year on a very bullish note, as the benchmark cryptocurrency records a fresh all-time high on Friday. BTC hit the $42k price tag for the first time in history before retreating lower over the ensuing hours. This rally came about shortly after […]
BNBUSD Price Analysis – January 08 Inability to break down the support level of $37, the bullish trend may continue to target the resistance levels at $41, $44, and $48. In case the sellers were able to push the price below the support level of $37 and the daily candlestick close below the level, then, […]
Key HighlightsLINK has a target price of $22 if the current resistance is breachedThe crypto recovered after a breakdown to $14.05 low Chainlink (LINK) Current StatisticsThe current price: $15.62Market Capitalization: $15,614,066,289Trading Volume: $2,520,246,649Major supply zones: $18.00, $20.00, $22.00Major demand zones: $8.00, $6.00, $4.00 Chainlink (LINK) Price Analysis January 9, 2021Today, LINK is falling after rejection from […]
