S&P 500 Price Analysis – February 25 On Monday, the S & P 500 had a huge rally, breaking the main uptrend line downwards quite significantly during the trading session, testing the lows at 3215 levels. Finally, the impact of COVID-19, better known as coronavirus, began to strongly affect financial markets. Key levels Resistance Levels: […]
• Bitcoin loses 1.85% overnight and continues to plot more bearish • Following a wedge break-down, Bitcoin keeps selling in a descending channel. Over the last 24-hours, Bitcoin has dropped by 1.85%, bringing the current price to around $9535 at press time. The latest price drops could be traced to the bearish pressure in the […]
Key Resistance Zones: $60, $70, $80 Key Support Zones: $40, $30, $20 XMR/USD Long-term Trend: Bullish Monero has been on an impressive run after breaking the downtrend line. The bulls reached a peak price of $96 but could not break above it. At the high of $96, XMR reaches the overbought region. The upward move […]
EURUSD Price Analysis – February 24 The EURUSD begins the fresh week under pressure with a bearish gap after the weekend reports showed a spike in confirmed cases of coronavirus worldwide, especially in Italy and South Korea. The Fx pair has erased its serious over-sold conditions but was unable to run beyond its current daily […]
USDWTI Price Analysis – February 24 At the beginning of the week, WTI’s prices traded deep into the negative territory, breaking the key low levels at the $51.00 mark per barrel and simultaneously slipping back to fresh multi-day lows. Key Levels Resistance Levels: $ 59.61, $ 56.29, $ 54.40 Support Levels: $ 50.00, $ 49.42, […]
Key Resistance Levels: $225, $250, $275 Key Support Levels: $150, $125, $100 ETH/USD Long-term Trend: Bullish In its recent moves, Ethereum reached a high of $286 on February 13. The bulls were unable to break the recent high as they make a retest. Ether was repelled on the second unsuccessful attempt. On each occasion, the […]
The Ministry of Finance of Japan, the Financial Services Agency and the Central Bank are said to have joined forces to promote research on digital currencies, recently officials from the three agencies discussed how digital currencies could impact the global currency system. The agencies have held several meetings, the Japan Times reported Saturday, citing JIJI […]
Key Resistance Zones: $10,000, $11,000, $12,000 Key Support Zones: $7, 000, $6, 000, $5,000 BTC/USD Long-term Trend: Bearish Today, Bitcoin is retracing after being resisted from the $10,000 price level. The bulls were making an upward move after the coin rebounded at the low of $9,290. The upward move was interrupted at the resistance of […]
• Bitcoin continued to trade in an hourly channel as bears gain control. • Bearish actions might get worse if Bitcoin drops below $9500 The situation for Bitcoin now shows bearish signs than before considering the sudden rejection from $10000 to $9562 on Bitfinex a few hours ago. As a result of this, Bitcoin is […]
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