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.
While Bitcoin struggled to make any headway above the $60k resistance over the week, many altcoins have gained insane bullish momentum, propelling them to new highs. One such altcoin is Ripple (XRP), which posted an impressive climb above the $1 mark for the first time since 2018. The recent spike also helped the cryptocurrency reclaim […]
Key Resistance Levels: 1.4200, 1.4400, 1.4600Key Support Levels: 1.3400, 1.3200, 1.3000 USD/CAD Price Long-term Trend: BearishUSD/CAD pair is in a downtrend. Presently it is rising in an upward move. The upward move is facing resistance at the 50-day SMA. The downtrend will resume if the pair faces resistance at the 50-day SMA. Since March 29, […]
Key HighlightsEthereum fluctuates between $2,001 and $2,142 price levelsThe biggest altcoin has a target price of $2238.03 Ethereum ETH) Current StatisticsThe current price: $2,085.25Market Capitalization: $28,557,558,824Trading Volume: 115,367,292 ETHMajor supply zones: $2,000, $2,200, $2,400Major demand zones: $1,800, $51,600, $1,400 Ethereum (ETH) Price Analysis April 7, 2021 Following the attainment of its peak price, the biggest […]
The US dollar wilted overnight before the onslaught of bullish risk sentiment that swept Wall Street after Friday’s Non-Farm Payrolls and the overnight ISM Non-Manufacturing PMI data. The dollar index fell 0.47% to 92.57, although it has recovered slightly in Asia to 92.68. Notably, despite the robust ISM data and aggressive equity rally, US yields […]
Key Resistance Zones: 33000, 33500, 34000Key Support Zones: 26000, 25500, 25000 US Wall Street 30 (US30USD) Long-term Trend: BullishUS30USD is still in an uptrend. Nevertheless, the index has reached the overbought region of the market. In the recent uptrend of March 18, a retraced candle body tested the 78.6% Fibonacci retracement level. This retracement indicates […]
A recent report from data analytics firm, CB Insights, shows that a whopping $2.6 billion has been raised by 129 blockchain-based start-ups in Q1 of 2021. For context, the total amount raised in 2020 by blockchain-based start-ups was a little over $2.3 billion. The report noted that the amount of capital raised in such a […]
Bitcoin (BTC) has struggled over the past week to break the $60,000 resistance level, all to no avail. As the benchmark cryptocurrency continues to stall below the $60k mark, altcoins have taken charge and have driven the valuation industry higher, thereby causing Bitcoin to lose market dominance. The altcoin frenzy has seen some large-cap cryptocurrencies […]
USDCHF Price Analysis – April 6 The USDCHF pair eases from the prior day’s high of 0.9438 while taking downside pressure to fresh lows, the selloff halts beyond the mid 0.9300 level during Tuesday’s European session. Renewed USD strength and mixed reports about US stimulus give investors a pause after sending US stocks to record […]
Key Resistance Levels: 1.0800, 1.0900, 1.1000Key Support Levels: 1.0600, 1.0500, 1.0400 EUR/CHF Price Long-term Trend: RangingEUR/CHF is in a sideways move. After the rejection at level 1.1150, the market fell to level 1.1000 since March 16. Today, the pair is still fluctuating between levels 1.1000 and 1.1100. Yesterday, the pair tested the resistance at 1.1100 […]
