Although it’s been over a decade since Bitcoin came into existence, most people today remain clueless about its operations. The primary question that people ask is: What is cryptocurrency? And although the answer can be complex, in simple terms, cryptocurrency is a digital asset that can be used as a medium of exchange during cryptographic […]
Bitcoin was a little more than an experiment when launched at the peak of the US financial crisis of 2008. The currency was a new form of a digital asset with no central governing authority or regulator. Instead, BTC relied entirely on a distributed ledger system and a network of peers in charge of keeping […]
ADA Price Analysis – November 17 The breakout at the resistance level of $0.11 may push up the price to the resistance levels of $0.13 and $0.15. In the same vein, the breakout at the support level of $0.10 may reduce the price to the support level of $0.08 and $0.07. ADA/USD Market Key Levels: […]
Key Resistance Levels: 111.000, 112.000, 113.000Key Support Levels: 104.000, 103.000, 102.000 USD/JPY Price Long-term Trend: BearishThe USD/JPY pair has been in a downward move since November 12. The Yen has fallen to level 104.49 at the time of writing. The selling pressure may persist as price breaks below the SMAs. The downtrend is likely to […]
Key Resistance Zones: 13600, 14000, 14400Key Support Zones: 11200, 10800, 10400 Germany 30 (DE30EUR) Long-term Trend: BullishThe index is continuing the upward move. On November 11uptrend, a retraced candle body tested the 88.6% Fibonacci retracement level. The retracement indicates that the index will rise and reach level 1.1129 Fibonacci extensions. That is the high of […]
Key HighlightsBCH slumps to $242 lowThe crypto fluctuates between $240 and $260 Bitcoin Cash (BCH) Current StatisticsThe current price: $251.32Market Capitalization: $4,668,038,972Trading Volume: $2,545,039,402Major supply zones: $325, , $350,$375Major demand zones: $200, $175, $150 Bitcoin Cash (BCH) Price Analysis November 16, 2020Bitcoin Cash is in a sideways move below the $280 overhead resistance. Since October […]
Key Resistance Levels: 1.0800, 1.0900, 1.1000Key Support Levels: 1.0600, 1.0500, 1.0400 EUR/CHF Price Long-term Trend: BullishThe pair has risen to level 1.0820 and it is facing resistance at the recent high. The recent high has not been broken since September. The selling pressure is likely to continue. Presently, the price has dropped from level 1.0820 […]
Key Resistance Levels: 0.9200, 0.9400, 0.9600Key Support Levels: 0.8800, 0.8600, 0.8400 EUR/GBP Price Long-term Trend: BearishRecently, EUR/GBP was earlier in an uptrend as the pair reached a high of 0.9000. The pair is facing rejection at the recent high as the market resumes downward move. The market has fallen and has reached a low of […]
EURUSD Price Analysis – November 16 The market soared on COVID-19 vaccine news in the prior week as EURUSD posts fresh gains and risk-on weighs over the safe-haven greenback early on in the day. EURUSD trades in green in the 1.1850 neighborhood with its upside move staying unabated beyond the 1.1800 level as markets await […]
