Key Resistance Zones: $10,000, $11,000, $12,000 Key Support Zones: $7, 000, $6, 000, $5,000 BTC/USD Long-term Trend: Bearish Bitcoin is currently stuck between $8,400 and $8,800. The bears attempted to pull out of the range but are still stuck in the range. Analysts are of the view that the downtrend ought to have fallen to […]
Australia has been very active in cryptocurrency since the beginning of 2020. However, the country underground has lately lagged in terms of the regulatory approach to cryptocurrencies. Adrian Przelozny from Independent Reserve, Australia, commented on this in a recent interview. He said that Australia’s biggest weakness compared to countries such as Singapore, with clear rules […]
GBPUSD Price Analysis – March 1 The market has experienced recovery from its lowest levels since 2016, while the price is now pushing for a consolidated structural shift. Ultimately, only returning beneath the 1.2500 level could jeopardize the freshly created constructive perspective. In the previous session, GBPUSD plunged from 1.2920 to a low of 1.2725 […]
S&P 500 Price Analysis – March 1 The S & P 500 had a terrible past week, when it broke past the level of 3000 during the end of the week, the market seems to be starting to change its setting as a whole, but is showing extreme volume downward. As the coronavirus begins to […]
Key Resistance Zones: 23200, 23600, 24000 Key Support Zones: 20800, 20400, 20000 Japan 225 (JP225USD) Long-term Trend: Bearish Japan 225 index was in an uptrend since August 2019. The index rose from the low of 20000 to 24000 in February. The bulls are currently facing resistance at 24000. The bulls made concerted efforts to break […]
Key Resistance Zones: 3100, 3200, 3300 Key Support Zones: 2700, 2600, 2500 Shanghai SE Composite Index (SHCOMP) Long-term Trend: Ranging Shanghai SE Composite Index is in a sideways trend in February 2019. In January the index was in an uptrend. SHCOMP rose from the low of 2464 to the high of 3219 and became overbought. […]
International recording artist Akon has decided to build his Akoin cryptocurrency ecosystem based on the Stellar blockchain. Akoin co-founder and president John Karas said they decided to launch a project on Stellar because they share similar values. The official launch of this cryptocurrency – called Akoin – marks the next step in the desire of […]
EURJPY Price Analysis – February 28 In addition to the hysteria surrounding COVID-19, EURJPY is distressed from additional JPY-buying amid increasing global demand for a safe-haven. Against this context, the near-term horizon should not rule out a push to the region of 2020 lows close to the 118.46 level. Key Levels Resistance Levels: 122.87, 121.47, […]
Key Resistance Zones: $10,000, $11,000, $12,000 Key Support Zones: $7, 000, $6, 000, $5,000 BTC/USD Long-term Trend: Bearish Surprisingly, the downward move has reached an advanced stage as Bitcoin approaches the next support at $8,400. In its downward move, the price fell to $8,500 low and made a pulled to retest $9,000 price level. After […]
