Market Analysis – August 6 GBPUSD price has responded to the test of the resistance boundary of the parallel channel on the daily chart. This test has prompted a surge of selling activity, resulting in a decline in price. GBPUSD Key Levels: Demand Levels: 1.2690, 1.2540, 1.2390Supply Levels: 1.2940, 1.3030, 1.3200 GBPUSD Long-Term Trend: Bullish […]
Market Analysis – August 8 USDJPY – Guide, Tips & Insights | Learn 2 Trade – Guide, Tips & Insights | Learn 2 Trade displayed a strong upward trend in the first half of the year, characterized by a bullish channel until the price reached a peak at 160.50. Recently, however, the market has shifted, […]
Market Analysis – August 8 EURCHF has undergone a substantial price decline, initiating a retracement from its previous bullish trend. The recent retest of the bullish trend line has led to a bearish breakout, establishing a clear downtrend. Since testing the demand zone at 0.9270, the price has begun to rise gradually. EURCHF Key Levels: […]
Bitcoin shows bearish signals as the loss percentage mirrors the 2020 bull cycle correction. Bitcoin (BTC) is currently exhibiting bearish tendencies, with many holders experiencing losses. According to CryptoQuant, the percentage of Bitcoin in the loss range 2024 parallels the levels seen during the major correction of the 2020 bull cycle. The current percentage of […]
Ethereum (ETH) Current Statistics The current price: $2,344.45Market Capitalization: $281.55BTrading Volume: $23.88BMajor supply zones: $3,500, $4,000, $4,500Major demand zones: $2,500, $2,000, $1,500 Ethereum (ETH) Price Analysis August 7, 2024 Ethereum’s (ETH) price falls to $2,116 low as it faces another rejection at $2,600. The bearish trend has slowed over the last three days, but Ether […]
Sponge price bulls’ pressure SPONGEUSDT Price Analysis – 07 August The bulls are still in the lead, according to the Hull Suite crypto signals indicator. The price will increase as long as it crosses above the $0.000502 and $0.000610 barrier levels. SPONGEUSDT Market Key levels: Resistance levels: $0.000404, $0.000502, $0.000610 Support levels: $0.000262, $0.000196, $0.000136 […]
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Bearish movement could not continue AUDUSD Price Analysis – 07 August If buyers are determined enough to breach the $0.65 barrier, they might be able to bring the price up to about $0.66 or even $0.67. If sellers are successful in pushing the price below the $0.64 support level, prices can fall to the $0.63 […]
Bulls’ momentum may increase in TRON market TRON Price Analysis – 07 August The $0.118 and $0.109 barriers may be overcome by the price of TRON if the selling trend persists below $0.120. If the price stays above $0.124, it can touch $0.128 and $0.131. Key Levels: Resistance levels: $0.124, $0.128, $0.131 Support levels: $0.120, […]
Market Analysis – August 8 The AUDJPY market has experienced a sharp and pronounced decline, with the price plummeting from the 109.40 level. Over the past three weeks, this dramatic drop has amounted to a decrease of over 17.0%, reflecting significant bearish pressure and heightened market volatility. This sharp downturn marks a notable shift from […]
