Key Resistance Levels: $275, $300, $325 Key Support Levels: $200, $160, $120 BCH/USD Price Long-term Trend: Ranging In the last four days, Bitcoin Cash has continued to make an impressive move. In the other previous move, the coin was unable to penetrate the first resistance at $227. It is likely that the bulls are going […]
A board of elite financial regulators in the US has administered a warning to the general public on the inherent dangers of Stablecoins and cryptocurrencies. On the 4th of December, the Financial Stability Oversight Council pointed out in its warning, possible troubles that could arise if Stablecoins gain acceptance. The FSOC was established in 2008, […]
Trading cryptocurrency, especially Bitcoin could be highly volatile as market sentiments, price actions and fundamentals would be important things to consider before making a trading decision. More so, doing diligent research on a choice of a coin to trade is very vital for both the beginner and professional traders to achieve high probability result in […]
Key Resistance Levels: $70, $60, $50 Key Support Levels: $50, $40, $30 LTC/USD Price Long-term Trend: Ranging Recently, Litecoin is in a bearish market as it fell to a low of $42 and resumed consolidation above it. In retrospect, LTC broke the downtrend line and rally above $60. The uptrend was short-lived as the price […]
The Governor of the Bank of Japan, Haruhiko Kuroda, announced that claims of Japanese citizens demanding a Central Bank Digital Currency were false. At a symposium for the 35th anniversary of the Center for Financial Industry Information Systems, which was held on the 4th of December, Kuroda talked about the problems that Stablecoins and CBDCs […]
Key Resistance Levels: $70, $80, $90 Key Support Levels: $50, $30, $10 DASH/USD Price Long-term Trend: Bearish DASH is in a falling bullish wedge pattern. A falling bullish wedge opens wide at the top while it contracts as the price move lower. DASH has a similar pattern as the price fell from a lower high […]
Key Resistance levels: $12, $14, $16 Key Support Levels: $6, $4, $2 NEO/USD Price Long-term Trend: Bearish NEO is presently falling as a result of its inability to hold above the $12 resistance level. The bulls made attempt twice at the $12 resistance but were repelled. The price drops to the low of $8.90 and […]
Suspicious activities have been observed in one of the addresses involved in the recent hack involving Upbit, which saw the perpetrators move about $50 million in Ethereum tokens to an unidentified wallet. Whale Alert, a statistical analysis website focused on tracking huge cryptocurrency transactions, alerted that a 10,000 Ethereum token (about $1.5 million) transaction was […]
A data scientist at India’s Vellore Institute of Technology has developed a new technique for forecasting cryptocurrency prices in real-time through the use of a Long Short-Term Memory neural system. According to a news publication on the 2nd of December, Abinhav Sagar explained the process involved in using machine learning technology to forecast price movement […]
