Cardano Price: Indecision Moment as Bears’ and Bulls’ Pressure at Equilibrium

19 October 2021 | Updated: 19 October 2021

ADA Price Analysis – October 19

A breakout at $2.30 resistance level may push the coin to $2.68 and $3.0. On the other hand, a breakout at the support level of $1.87 may reduce the price to $1.64 and $1.46 levels. However, the relative strength index is at 40 levels pointing down to indicate sell signal.

ADA/USD Market

Key Levels:

Resistance levels: $2.30, $2.68, $3.0

Support levels: $1.87, $1.64, $1.46

ADA/USD Long-term Trend: Ranging

Cardano is on the ranging movement in the long term outlook. The crypto reduced to $1.87 support level and the sellers’ momentum failed. The bulls have not enough pressure to push up the coin above the resistance level of $2.30. This scenario led to ranging movement within $2.30 resistance level and $1.87 support level.

ADAUSD Daily chart, October 19

The 9 periods EMA is interlocked with the 21 periods EMA while the price is hovering over the two EMAs. Ranging movement may continue until there is a breakout at south or north. A breakout at $2.30 resistance level may push the coin to $2.68 and $3.0. On the other hand, a breakout at the support level of $1.87 may reduce the price to $1.64 and $1.46 levels. However, the relative strength index is at 40 levels pointing down to indicate sell signal.

ADA/USD Medium-term Trend: Ranging

Cardano was ranging in the 4-hour chart last week. The price is range-bound within the resistance level of $2.30 and Support level of $1.87, this might be due to weakness in the bulls’ and the bears’ momentum. Low volatility may continue in the Cardano market until there is a breakout.

ADAUSD 4-hour chart< October 19

The 9 periods EMA weaves around the 21 periods EMA and ADA price is trading around the two EMAs. The Relative Strength Index period 14 is at 40 levels pointing down to indicate a sell signal.

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GBP/USD resumes uptrend, battles the resistance at 1.3800

18 October 2021 | Updated: 18 October 2021

Key Resistance Levels: 1.4200, 1.4400, 1.4600
Key Support Levels: 1.3400, 1.3200, 1.3000

GBP/USD Price Long-term Trend: Bullish
Since September 30, GBP/USD has been in an upward move. The bulls have broken above the moving averages but faced rejection at level 1.3800 resistance zones. The pound is retracing to the support above the 50-day SMA. The uptrend will resume if the 50-day SMA support holds. Meanwhile, on October 5 uptrend; a retraced candle body tested the 78.6% Fibonacci retracement level. The retracement indicates that the pair will rise but reverse at level 1.272 Fibonacci extension or level 1.3723.

GBP/USD – Daily Chart

Daily Chart Indicators Reading:
The pair is at level 55 of the Relative Strength period 14. It indicates that the market is in the uptrend zone and above the centerline 50. The currency pair is capable of a further upward move.

GBP/USD Medium-term Trend: Bullish
On the 4-Hour chart, the pair is in an upward move. The pound has broken above the moving averages. Further upside is likely. Meanwhile, on October 14 uptrend; a retraced candle body tested the 61.8% Fibonacci retracement level. The retracement indicates that the pair is likely to rise to level 1.618 Fibonacci extension or level 1.3835.

4-hour Chart Indicators Reading
The pair is below the 30% range of the daily stochastic. The market is in a bearish momentum. The 21-day and 50-day SMAs are sloping upward indicating the uptrend. The Pound has a bullish crossover. That is the 21-day SMA crosses above the 50-day SMA.

General Outlook for GBP/USD
The GBP/USD price has broken above the moving averages as the altcoin resumes an upward move. The pound will rise if the price remains above the moving averages. The Fibonacci tool has indicated a further upward move to level 1.618 Fibonacci extension or level 1.3835.

GBP/USD – 4 Hour Chart

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EURUSD Stays Below 1.1650, Price Action Hampers Euro’s Rebound

18 October 2021 | Updated: 18 October 2021

EURUSD Price Analysis – October 18

The EURUSD pair sought to recover from its 1.1571 low earlier in the day, but fell short at 1.1622, reverting to depths below the key 1.1650. In a larger sense, the pair is still unable to break above the October high of 1.1640. The rising attempts have been hampered by the risk-off market environment seen on Monday, with major European stock indexes in the red and Wall Street indecisive.

Key Levels
Resistance Levels: 1.1750, 1.1704, 1.1640
Support Levels: 1.1550, 1.1500, 1422
EURUSD Long term Trend: Bearish
The EURUSD gained traction on Monday after bulls paused at the 1.1618 mark the day before. A solid break above 1.1650 will pave the way for a bigger recovery and eliminate the current downside risk posed by weak daily momentum.

Additional gains must now exceed this area, as well as the immediate resistance line at level 1.1683, to permit a more durable recovery. The rally may continue to the next level of cluster resistance at 1.1704. It may continue to be the preferable scenario as long as the support level at 1.1525 maintains.
EURUSD Short term Trend: Ranging
The EURUSD’s intraday bias is unchanged, with the focus on the 1.1602 resistance turned support level. The decisive split will argue that the corrective downturn is over. The intraday bias will be switched to the upside for the re-test of the 1.1640 level.

The level of 1.1550, a support line from last week, is the first line of defense, followed by the level of 1.1525, a swing low reported earlier. The levels of 1.1640 and 1.1704 are the following lines to watch. The Relative Strength Index, on the other hand, is back at 60, indicating conditions past its midlines.

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Silver (XAG) Erases Gain Amid Positive Move Towards $23.50 Level

18 October 2021 | Updated: 18 October 2021

XAGUSD Price Analysis – October 18

Silver (XAG) positive fortunes faded around the $23.50 mark, with the price erasing its most recent thrilling bounce above the moving average of 13. During the Monday session, the commodity rose slightly and was last seen lingering near day highs in the $23.22 -$23.40 range.

Key Levels
Resistance Levels: $24.50, $24.00, $23.50
Support Levels: $22.87, $22.10, $21. 42
XAGUSD Long term Trend: Ranging
Today, the white metal has struggled and it’s unable to break above the top range of the surge around $23.50, it is currently trading in the red at $23.22 per ounce. Beyond the $23.50 mark, the bulls may regain a stronger grasp.

The XAGUSD pair is held by the rebound trend and the trend may remain in a recovery mode. A closing above today’s upper range, currently at $23.45, might signal a low rebound from the $21.42 level continuation of the rally that began in late September, paving the way for a break beyond the $23.50 barrier.
XAGUSD Short term Trend: Ranging
Silver (XAG) has a greater range on the 4-hour time frame from late September lows at a level of $21.42, suggesting potential upside. As a result, the metal continues to climb. It has already broken through the previous high of $23.00, signaling that the next upward phase is underway.

The pair is expected to find support at $22.87, and a break of that level might take it to the next level of $22.10 support. The pair is expected to hit its initial critical resistance around $23.50, with a break taking it to the next level of resistance at $24.00.

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AUDJPY Retains Its Bullishness as the Price Climbs to 84.220

18 October 2021 | Updated: 18 October 2021

AUDJPY Price Analysis – October 18

AUDJPY retains its bullish instinct even as the price climbs to the 84.220 key level. The movement of AUDJPY has been rather straightforward in the past few days, and that is because price retains its bullish impulse. This is shown in consecutive strong bullish candlesticks lined up from the 7th of October. This bullish instinct has helped the market evade multiple significant levels.


AUDJPY Significant Levels

Resistance Levels: 81.500, 81.900, 84.220
Support Levels: 80.260, 78.850, 78.140

AUDJPY retains its bullishAUDJPY Long Term Trend: Bullish

The market started and completed its reversal process using a triangle formation. The pattern began as price touched down at the 78.140 price level, where the reversal effectively started. As the market tapered down the triangle pattern, the 80.260 support was the hinge level that bulls leveraged to break out upwards. Hence, from the 24th of September, price climbed to the level and cranked with the upper border of the triangle till it broke upward.

AUDJPY displayed a sudden surge in market volatility to break out of the triangle formation and also to climb to 83.110. However, the ATR (Average True Range) indicator shows that market volatility has thereafter simmered down and is already taking a dipping position. Taking this in conjunction with the display of the Stochastic Oscillator, which has climbed deeply into the overbought region, a retracement is likely on the cards.

AUDJPY retains its bullish AUDJPY Short Term Trend: Bullish

On the 4-hour chart, there is already a pullback in the market. The price is retracing its steps towards the key level of 84.220. The market is expected to retest this level to continue its upward movement as AUDJPY retains its bullishness. The Stochastic Oscillator, in accordance, is already plunging from the overbought zone to confirm this.

AUDJPY is expected to continue its bullish agenda to reach a 3-year high at 85.830.

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NZDUSD Bounces Higher After a Strong Reaction Against Sellers

18 October 2021 | Updated: 18 October 2021

NZDUSD Price Analysis – October 17

NZDUSD bounces higher after reacting strongly against the sellers. The bears tried to pin the market down to the weekly support. This initially made the price drill lower to 0.68800, but it recovered immediately back to the 0.69150 support. At this level, the market reacted strongly against the bulls, by displaying a series of candlesticks showing indecision and market reversal. Eventually, NZDUSD bounces higher from the weekly support.


NZDUSD Key Levels

Resistance Levels: 0.72260, 0.71300, 0.70900
Support Levels: 0.69150, 0.68800, 0.68080

NZDUSD bounces higherNZDUSD Long Term Trend: Bearish

NZDUSD continues in a consolidation movement between significant levels as the price bounces up from a support level. This ranging movement began on June 16th, when price dropped from a higher consolidation zone into this zone. However, a strong reaction from the sellers to forcefully breakout was tempered at the 0.68080 significant level, but this also sparked a reaction of equal measure from buyers, in which it had to take 0.71300 to keep the price at bay.

The price then fell again before rebounding from the parallel channel’s middle line. The market retests the 0.70900 resistance and then drops lower with much volatility, to around 0.68800. NZDUSD rallies at this point, but sellers try to pin it down. A strong reaction at 0.69150 helped the price bounce higher. The Average True Range indicator shows there is usually more volatility when the market falls. But buyers have done well to fight off bearish pressure. After hitting the 0.70900 resistance, the price could be on its way down again.

NZDUSD bounces higher NZDUSD Short Term Trend: Bearish

The market has started reacting to the resistance level at 0.70900 with consecutive short reversal candlesticks. At this point, market volatility has dropped very low on the ATR chart. This is even as the RSI (Relative Strength Index) has climbed high into the overbought region, which is a sign of imminent reversal.

The market is likely to continue its ranging pattern by dropping off to the support level at 0.69150.

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Bitcoin Cash (BCH) Is in a Downward Move, May Decline to $558 Low

18 October 2021 | Updated: 18 October 2021

Key Highlights
BCH faces rejection at $650 resistance level
BCH may decline to $558

Bitcoin Cash (BCH) Current Statistics
The current price: $600.68
Market Capitalization: $12,616,674,493
Trading Volume: $1,245,341,326
Major supply zones: $700, $720, $740
Major demand zones: $250, $230, $210

Bitcoin Cash (BCH) Price Analysis October 18, 2021
For the past week, Bitcoin Cash (BCH) has been trading in the bullish trend zone. The upward move is facing rejection at the high of $648 as the altcoin declines. If price breaks below the 50-day SMA, it will accelerate the selling pressure on the downside. BCH will decline to $550 low. However, if the 50-day support holds, BCH will resume a fresh uptrend.

BCH/USD – Daily Chart

Bitcoin Cash Technical Indicators Reading
The cryptocurrency is at level 52 of the Relative Strength Index period 14. It indicates that the crypto is in the uptrend zone and above the centerline 50. There is a possibility of a further upward movement of the coin.BCH is below the 40% range of the daily stochastic. The coin is in a bearish momentum.

Conclusion
On the 4 – hour chart, BCH is in an upward move. The uptrend faces rejection at the $650 resistance zone. It declines to $605 low and resumes upward correction. The upward correction was terminated at the high of $620 as bears resumed selling pressure. Meanwhile, on October 17 downtrend; a retraced candle body tested the 61.8% Fibonacci retracement level. The retracement indicates that BCH will fall to level 1.618 Fibonacci extensions or level $558.34 .

BCH/USD – 4 Hour Chart


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Bitcoin SV Price: Can It Be a Pullback or Bearish Reversal?

18 October 2021 | Updated: 18 October 2021

Bitcoin SV Price Analysis – October 18

When the bears increase their momentum, it may break down the support level at $148 level and decrease to $112 and $73 price level. Inability to break down the $148 price level may lead to an increase in price to the resistance levels at 4193, $233 and $266.

Key Levels:

Resistance levels: $193, $233, $266

Support levels: $148, $112, $73

BSV/USD Long-term Trend: Bullish

On the daily chart, Bitcoin SV is bullish. The bulls started to dominate the market on September 29. The bullish momentum increased and broke up the former resistance level of $148. It was extending towards the resistance level of $193 last week. The price is currently pulling back towards below the dynamic support level.

Bitcoin SV, daily chart october 18

Bitcoin SV is penetrating the dynamic support levels; it is trading below the 9 periods EMA and it is trying to penetrate 21 periods EMA on the daily chart, also the fast moving EMA remains above the slow moving EMA as a bullish movement indication. When the bears increase their momentum, it may break down the support level at $148 level and decrease to $112 and $73 price level. Inability to break down the $148 price level may lead to an increase in price to the resistance levels at 4193, $233 and $266.

BSV/USD Medium-term Trend: Bearish

Bitcoin SV is bearish on the 4 hour chart. The Crypto was bullish last week and the price was increasing slowly towards the resistance level of $193. It has not reach the mark before it was interrupted by the bears. The price decline with slow progress but the sellers lose momentum along the way and it started to consolidate.

Bitcoin SV 4-hour chart, October 18

The two EMAs are interlocked to each other and the price is trading around the 9 periods EMA and 21 periods EMA as a sign of consolidating market. The relative strength index period 14 is at 50 levels displaying no specific signal direction.

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Monero (XMR) Price: Resistance Level of $281 Holds, Bearish Pressure Increases

17 October 2021 | Updated: 17 October 2021

Monero (XMR) Price Analysis: October 17

The sellers may push the price down to the support level of $244 in which it may reduce to $189 provided $216 do not hold. In case the support level of $244 holds, bullish movement may continue to $281, $322 and $361 levels.

Key Levels:

Resistance Levels: $281, $322, $361

Support Levels: $244, $216, $189

XMRUSD Long-term Trend: Bearish

On the daily chart, XMRUSD is on the bearish movement. The bulls were not able to push the coin above the resistance level of $281 as speculated last week. The mentioned level holds and the Crypto was consolidating around the mentioned level for more than three days. The bears are gaining more pressure today and it is breaking away from the consolidation zone. The price is currently facing the support level of $244.

XMRUSD Daily chart, October 17

Monero is trading below the 9-day EMA and the 21-day EMA on the daily chart.  The sellers may push the price down to the support level of $244 in which it may reduce to $189 provided $216 do not hold. In case the support level of $244 holds, bullish movement may continue to $281, $322 and $361 levels. Meanwhile, the relative strength index period 14 is above 30 levels pointing down to indicate sell signal.

XMRUSD Price Medium-term Trend: Bearish

Monero is bearish on 4-Hour chart. The resistance level of $281 holds and the bulls could not break up the mentioned level. Buyers tried severally to break it up but their momentum could not withstand the resistance at $281. Sellers are gaining more pressure today and the price is declining at the moment towards $244 support level. Further price declination envisaged and the just mentioned level may be reached.

XMRUSD 4 hour chart, October 17

Monero is trading below the two EMAs, which indicate that bears’ momentum is increasing. The relative strength index is below 50 levels with the signal line displaying bearish direction.

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Ethereum (ETH) Price Analysis: Ether Surges Ahead, Attempts to Break Above the $4,000 High

17 October 2021 | Updated: 17 October 2021

Highlights
Ethereum price rallies to $3,964 high
Ether in an upward move, targets $4,200 high

Ethereum ETH) Current Statistics
The current price: $3,897.10
Market Capitalization: $459,590,834,865
Trading Volume: $15,001,083,967
Major supply zones: $3,000, $3,500, $4,000
Major demand zones: $2,500, $2,000, $1,500

Ethereum (ETH) Price Analysis October 17, 2021
Ethereum’s (ETH) price has continued to rally on the upside. On October 16, Ether rallied to $3,964 but was resisted. Buyers are attempting to break above the $4,000 resistance zone. Ether is consolidating below the $4,000 resistance zone. The upward move is facing rejection at the recent high. On the upside, a break above the resistance will catapult the altcoin to $4,200 high but it will face stiff resistance at the recent high.

ETH/USD – Daily Chart

ETH Technical Indicators Reading
Ether is at level 65 of the Relative Strength index period 14. The cryptocurrency is in the bullish trend zone and capable of a further upward move. The biggest altcoin is above the 25% range of the daily stochastic. The market is in a bullish momentum. The crypto’s price is still above the moving averages which suggest further upside.

Conclusion
On the 4-hour chart, Ethereum is in an upward move. Ether rallied to $3,964 but was repelled. Buyers are making another attempt at the resistance zone. Meanwhile, on October 16 uptrend; a retraced candle body tested the 78.6% Fibonacci retracement level. The retracement indicates that Ether will rise but will reverse at level 1.272 Fibonacci extension or level $4,116.73.

ETH/USD – 4 Hour Chart


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