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.
Market Analysis – November 6 The USDCAD market encountered resistance for the second time this year upon reaching the supply zone at 1.39520. Following a pullback to the key level of 1.38190, USDCAD quickly recovered and is now making another attempt to break through this supply zone. USDCAD Key Levels Demand Levels: 1.38190, 1.36170, 1.34410 […]
Trump-related stocks soar as Bitcoin reaches new peak amid market optimism. On Wednesday, Wall Street’s primary indices reached record highs as Donald Trump reclaimed the U.S. presidency, marking a dramatic return to power four years after leaving office. Investors are anticipating favorable policies such as tax cuts, deregulation, and a president keen on influencing the […]
Trump has won the US presidency once again, securing key swing states and surpassing the required 270 electoral votes. Despite a campaign marked by two assassination attempts, he will become only the second Republican in two decades to secure a second term, while his opponent, Kamala Harris, concluded with 224 electoral votes. A vocal supporter […]
.00001740, .00001940 Resistance Levels: .00002410 After stabilizing at the .00001740 level, buyers have reclaimed momentum. They are now pushing prices above the critical .00001940 resistance and raising prospects for further gains. Lucky Block Price Forecast - LBLOCKUSD Outlook Last week, sellers aimed to extend the decline, testing the .00001940 support level during a phase of consolidation. However, buyers have shown resilience, signaling a possible reversal of the bearish momentum. This shift suggests that a breakout toward the .00002410 level is feasible if buyers sustain the pressure. The Moving Average Convergence Divergence (MACD) indicator favors buyers, showing increased buying pressure against recent bearish sentiment. Other momentum indicators also indicate a bullish trend, underscoring the potential for buyers to take advantage of current market conditions. With the market leaning toward a bullish trend, Lucky Block buyers have a clear path to test the .00002410 resistance level in the near term. Sustained buying activity could drive prices to new highs, setting an optimistic outlook for Lucky Block's upcoming sessions. Lucky Block Medium Term Trend: Bullish (4-hour chart) On shorter time frames, buyers continue to strengthen, gradually mitigating remaining bearish pressure. The sell traders are likely to be limited in their pursuit for a while this week. The positive momentum shift, highlighted by both the MACD and other momentum indicators, signals a likely continuation of gains. The bearish strength is therefore likely to decline. https://www.tradingview.com/x/AnTvl0xp/ https://www.tradingview.com/x/to3M0hrb/ Bitcoin Falters Amid Buyer Pressure as Bulls Face Resistance" decoding="async" data-lazy-src="https://learn2.trade/wp-content/uploads/2024/11/BTCUSD-1DAY-1-395x243.png"/>
Bitcoin (BTCUSD) Bullish Momentum Slows Bitcoin crypto struggles as buyer pressure meets resistance. BTCUSD recently reached a high near $75,470 but has since lost momentum, as buyers encounter significant resistance. After a robust upward surge that broke several key levels, Bitcoin faced strong selling pressure at $72,880, prompting a corrective pullback toward the $67,500 zone. […]
LBLOCKUSD Price Forecast – November 6th The Lucky Block price forecast indicates that buyers are building strength, setting the stage for a possible bullish breakout. LBLOCKUSD Long-Term Trend: Bullish (Daily Chart) Support Levels: $0.00001740, $0.00001940 Resistance Levels: $0.00002410 After stabilizing at the $0.00001740 level, LBLOCK buyers have regained momentum and are pushing prices above the […]
EIGENUSD Price Forecast – November 4th The EigenLayer price forecast shows continued downward pressure as bears retain control following a failed attempt by bulls to break through the $4.0000 resistance level earlier in October. EIGENUSD Long-Term Trend: Bearish (Daily Chart) Support Levels: $2.3880, $2.4000 Resistance Levels: $3.1000, $4.0000 After twice failing to breach this significant […]
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ZKSync Price Forecast – November 4th The ZKSync price forecast indicates a prevailing bearish trend, with prices steadily declining toward the crucial support level at $0.11700. Following a peak at $0.14500, the market has experienced consistent selling pressure, placing bearish forces firmly in control. ZKUSD Long-Term Trend: Bearish (Daily Chart) Support Levels: $0.11700, $0.11550 Resistance […]
Market Analysis – November 6 The EURCHF market entered a bearish phase at the start of the year’s second half. The market structure has shown a steady decline, characterized by lower highs and lower lows, forming a bearish parallel channel that led prices down toward the key demand level of 0.93300 on the daily chart. […]
LBLOCKUSD Price Forecast – November 4th The Lucky Block price forecast suggests that the market is setting the stage for a potential bullish comeback, with buyers preparing to reverse the recent dip to $0.00001820. LBLOCKUSD Long Term Trend Bullish (Daily Chart) Support Levels: $0.00001820, $0.00001970 Resistance Levels: $0.00002500, $0.00002050 Despite last week’s decline, the Lucky […]
