Key Resistance levels: $140, $160, $180 Key Support Levels: $80, $60, $40 ADA/USD Long-term Trend: Ranging Currently, Cardano is in a sideways trend as sellers exhaust selling pressure. In the ascending channel, ADA was in an uptrend. The bulls were contending the price at $0.090 overhead resistance . In the first resistance, the coin fell […]
Since November 25 rebound, the $7000 support has continued to shield Bitcoin from falling, although the support is likely to collapse if the price keeps testing the area. Meanwhile, BTC is facing a critical resistance at $7200 for some days now. Considering the tight ranges of $7000 – $7200, Bitcoin’s price is fragile. Anytime from […]
Dai is a decentralized Stablecoin manufactured by MakerDAO. A Dai is on equal value with $1 and is purported to remain at that level (thanks to a basic strategy) until it goes out of circulation. A lot of people are afraid of cryptocurrencies and do not regard them as a reliable mode of payment due […]
GBPUSD Price Analysis – December 15 The GBPUSD pair reached 1.3514 level last Friday, a level that was last seen in May 2018, after the Conservative Party led by British Prime Minister Boris Johnson won the general elections in the United Kingdom. The pair fell all day on Friday, amid a higher dollar and profit-taking, […]
Monetary information will slow towards the end of the year, even though there are still a few important events planned for the new week. Business sectors were shaken by the major events a week ago, the United Kingdom elections, the decline in tariffs between the United States and China, and the FOMC decision. The British […]
Key Resistance Levels: $600, $700, $800 Key Support Levels: $400, $300, $200 MKR/USD Price Long-term Trend: Ranging Maker has been trading below the $800 since February. The bulls have made efforts to break above the $800 but could not penetrate the resistance level. After several attempts, the coin fell to the low of $400 and […]
EURJPY Price Analysis – December 13 Strong bullish momentum for the euro against the Japanese yen, as it decisively separates to the top of a new trend, and moves above MA 5 and 13 after the horizontal area. The foreign currency pair is likely to continue closing above for two days in a row after […]
The British Pound is still without a doubt the biggest factor in today’s and week’s trading, as it spurs the Conservative victory in the British elections. Boris Johnson pledged that the country would complete Britain’s exit from the European Union by the deadline of January 31, without any doubts. This is what the market trusts […]
Trading cryptocurrencies can be quite boring at times, especially when trading volumes becomes very low. Most of the time, lack of interest in trading is caused by insignificant price volatility which could position the market in either a squeeze or a consolidation mode. Recently, Bitcoin trading has suffered a lot of volatility to the downside, […]
