Technical indicators: Major Resistance Levels – 1.2800, 1.2900, 1.3000Major Support Levels – 1.1900, 1.1800, 1.1700 GBP/USD Long-Term Analysis: BearishGBP/USD has continued its downward move as sellers attempt to reach level 1.0947. The Pound corrected upward and broke above the 21-day line SMA but failed to break above the 50-day line SMA. Sellers have resumed selling […]
Key Resistance Zones: 16000, 16500, 17000Key Support Zones: 13500, 13000, 12500 NASDAQ 100 (NAS100) Long-term Trend: BearishNAS100 is in a downtrend as it hovers above level 10968 .Today, the index turns down from the 21-day line SMA and resume selling pressure. Buyers fail to keep the price above the moving average line, hence a fresh […]
Key HighlightsEther faces rejection at $1,400ETH/USD resumes another round of range-bound move Ethereum ETH) Current StatisticsThe current price: $1,330.83Market Capitalization: $163,229,617,207Trading Volume: $9,732,736,092Major supply zones: $1,800, $2,000, $2,200Major demand zones: $1, 700, $1,500, $1,300 Ethereum (ETH) Price Analysis October 7, 2022 Ethereum(ETH) is in an upward correction as it holds above $1,300 . The bullish […]
GBPJPY Analysis – October 7 GBPJPY buyers recover above a strong confluence point in which a trendline crosses a weekly support level at 161.260. The buyers are bossing the market, but they are having a tough time breaking down a strong resistance level at 167.810. Time and again they have tested the resistance level, and […]
DeFI Coin Price Forecast: October 6 The DeFi Coin price forecast indicates that the coin is gearing up for another bullish phase. This was confirmed after breaking through the lower supply level at $0.07390 and is already set to enter a higher zone. DEFCUSD Long-Term Trend: Bullish (1-Hour Chart) Significant Levels: Supply zone: $0.09340, $0.07390 […]
DeFi Coin Price Forecast: October 5 The DeFi Coin price forecast posits that the crypto market is gradually returning from the demand level price retest. Earlier in October, the market made a swift move to retest the price level at $0.06950, after the bullish momentum began to be unsustainable. DEFCUSD Long-Term Trend: Bullish (1-Hour Chart) […]
Binance Smart Chain witnessed a security breach that caused approximately 2 million BNB to be stolen, which was estimated to be around $600 million. The hack prompted the BSC (Binance Smart Chain) to be paused temporarily on October 6th. This means the deposits and withdrawals were not allowed to function. Earlier today, the BNB chain […]
The Solana network has suffered its fourth significant outage since January on the 1st of October. The network stopped processing transactions and went offline. A year ago, there was a very prominent outage on the Solana Network. The network was out for almost 18 hours in September of last year. The latest network outage was […]
USDJPY Analysis – October 6 USDJPY consolidates within a continuation pattern in the overbought region after a massive rally to the upside. The MA Cross indicator shows the intent of the bulls in the market on the 9th of March, 2022. This indication came immediately after a breakout from the rectangular pattern formed over the […]
