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.
Key Resistance Levels: $275, $300, $350Key Support Levels: $200, $160, $120 BCH/USD Price Long-term Trend: BullishThe bulls have been battling to overcome the $280 overhead resistance. In its last attempt to break above the overhead resistance, BCH encountered a breakdown. Since May 10, it has been consolidating above $230 support after the breakdown. As price […]
More than any cryptocurrency exchange platform Binance is on a trajectory for a record-breaking number of new clients. This surge is attributed to the Bitcoin network’s recently conducted third halving. While it is only three years old, Binance is one of the largest crypto-platforms in the world. In 2018, it registered nearly 7 million regular clients […]
Key Resistance Zones: 5900, 6000, 6100 Key Support Zones: 5400, 5300, 5200 France 40 (FR40EUR) Long-term Trend: Bullish France 40 is in an ascending channel. In the last 48 hours, the index has been falling from the high of 4600 resistance zone. The price is testing the previous support level which may eventually. The market […]
Key Resistance Levels: 1.42000, 1.44000, 1.46000 Key Support Levels: 1.34000, 1.32000, 1.30000 USD/CAD Price Long-term Trend: Ranging The Loonie has been in a sideways trend after a downward move. During the bearish market, the bull candle body tested the 0.382 retracement level. This bull candle body determines the extent of price fall. The Fibonacci tool […]
The price of Bitcoin is still trying to find its footing in the upper-$8,500 level as bulls and bears are locked in a stand-off. BTC has been juggling between $8,500 – $9,000 for the past 48 hours. Fundamentally, market participants are on edge to see how the recent halving event would impact the price of […]
GBPUSD Price Analysis – May 13 The GBPUSD pair retained on to its fairly positive tone around session highs, across the area of 1.2275-1.2301, but had a very restrained impact to the economic releases in the UK. The updated GDP report revealed that, during the first quarter of 2020, the UK economy shrunk worse than […]
XAUUSD Price Analysis – May 13 The gold price appears to be holding on in the region of $1,700 while staying locked within a range of between $1,702.46 and $1,706.66 thresholds into open European deficient in upside traction. The mood of risk is relatively healthy, but as the week evolves, there seems to be a little […]
Key Resistance Levels: $70, $80, $90 Key Support Levels: $50, $30, $10 LTC/USD Price Long-term Trend: Bearish After three unsuccessful attempts to break the $50 overhead resistance, LTC suffers another setback. The market has been falling above $46 support after each resistance. The recent breakdown breaches the support levels of $46 and $44 to reach […]
The society of MakerDAO has taken down the Single-Collateral DAI (Sai) process as the complete protocol converts to the latest Multi-Collateral DAI (MCD or Dai) process. MCD was enabled on MakerDAO in November 2019 as an update to Dai protocol. Whereas Sai is only supported by ETH collateral, MCD is supported by many asset forms, […]
