Key Resistance levels: $20, $24, $28 Key Support Levels: $12, $8, $4 BNB/USD Price Long-term Trend: Bullish Binance Coin has been in a bullish trend after the last bearish impulse in September 24. The market fell to a low at $16 and resumed an upward trend. Presently, it is facing resistance at the $21 price […]
The preceding Fed Chair of the United States, Alan Greenspan has expressed his opinion on Central Bank issued Digital Currencies, saying there was “no point” to it. Alan made this remark at a conference organized by the Chinese Financial Magazine Caijing on the 11th of November. Alan’s opinion was based on the premise that fiat […]
Key Resistance levels: $220, $240, $260 Key Support Levels: $160, $140,$120 ETH/USD Long-term Trend: Ranging Ethereum had been trading in a sideways trend since August. In August, the market fell to a low at $170 and continued its fluctuations. The coin is fluctuating between the levels of $160 and $200. Neither the bulls nor the […]
Jack Lee, the founding managing partner of HCM Capital, has said that China’s Central Bank Digital Currency is available and is expected to be released in 2-3 months. In an interview with CNBC that aired on the 11th of November, Jack indicated that the People’s Bank of China will utilize the proposed asset in strengthening […]
Key Resistance levels: $90, $100, $110 Key Support Levels: $50, $40, $30 LTC/USD Long-term bias: Bullish Litecoin tested the $50 support level in September and rebounded. The bears came again and tested the same support in October and rebounded. The support level is holding as the coin commences a bullish move. In November, the coin’s […]
Due to the reason that cryptocurrencies are in a different asset group than other securities and cannot be evaluated using methods like DCF or DDM, it was necessary to create separate valuation techniques to give investors fundamental tools to analyze cryptocurrencies. Listed below are four prominent cryptocurrency valuation systems. Store of Value Thesis This is […]
In a scenario where the price of Bitcoin is crashing, what would be the best reactions to take? Below are a few things an investor can do to weather the storms of a market crash. Maintain a Calm State of Mind Trading Bitcoin mandates that one has a disciplined mind state, meaning that your emotions […]
Key Resistance levels: $0.09, $0.10, $0.11 Key Support Levels: $0.06, $0.05,$0.04 XLM/USD Long-term Trend: Bullish Stellar has been struggling to break the $0.09 resistance level after price rebounded at the $0.06 support level. In September, the bulls attempted to breach the $0.09 resistance but the bulls suffered a setback as the coin dropped to the […]
Key Resistance Levels: $5, $6, $7 Key Support Levels: $3, $2,$1 EOS Price Long-term Trend: Bullish EOS is in a bullish move but it is encountering penetration at the $3.70 price level. The market pulls back and continues to trade below $3.70. EOS has made concerted efforts at the resistance so as to move up […]
