The regulatory outlook of bitcoins and cryptocurrencies in the United States has long been choked by the emerging cryptocurrency sector, while several embraced more supportive zones such as Switzerland. “The general populace understands the clear guidelines of Europe on cryptocurrency storage, exchange registrations, laws for issuing payment tokens, utilities and security,” said blockchain pioneer and […]
• Bitcoin finds support after losing 6% but deciding on the next move. • Despite that, Bitcoin remains bullish inside a channel on the daily chart Over the past weekend, Bitcoin saw a huge price movement to the downside after marking a 4-month high around $10500. The $10000 breakdown has led to a serious selling […]
GBPUSD Price Analysis – February 16 GBPUSD rebounded from the daily low of 1.3000 to complete the previous week without changes near the level of 1.3050 and up during the week. The FX pair held back on recent successes caused by shifts in the UK cabinet that ended with Rishi Sunak becoming the new Chancellor […]
S&P 500 Price Analysis – February 16 As the coronavirus outbreak in China’s Wuhan continued to be the focus of attention last week which caused great volatility, overall, US investors do not seem to be too worried that the S & P 500 continues to record highs. Key Levels Resistance Levels: 3450, 3400, 3390 Support […]
Resistance Level: 7,500, 7, 600, 7,700 Support Level: 7,300, 7,200, 7,100 FTSE 100 (UKX) Long-term Trend: Ranging Unexpectedly, FTSE 100 shares have remained stagnant in the last 48 hours. There seems to be no price movement between February 14 and February 16. FTSE 100 shares have been ranging all through last year. It has a […]
Key Resistance Zones: $10,000, $11,000, $12,000 Key Support Zones: $7, 000, $6, 000, $5,000 QTUM/USD Long-term Trend: Bullish Qtum is in an upward move after breaking the downtrend line. In retrospect, the pair has been in a bear market since June 29, 2019. In June, Qtum was in a bull market; the bulls have taken […]
Key Resistance Zones: $10,000, $11,000, $12,000 Key Support Zones: $7, 000, $6, 000, $5,000 BTC/USD Long-term Trend: Bullish After failing to break above $10,400, the bulls and bears were tussling with the price between $10,200 and $10,400 for five days. The bears succeeded in breaking the $10,200 support after consolidation. The bears won the first […]
Resistance Level: 7,500, 7, 600, 7,700 Support Level: 7,300, 7,200, 7,100 FTSE 100 (UKX) Long-term Trend: Ranging FTSE 100 shares have been fluctuating throughout last year. It fluctuates between the low of 7,100 and a high of 7,700. As a range-bound trader, you initiate long orders at the lower price range. Then you exit these […]
As blockchain continues to receive widespread adoption, nations in the Middle East and Africa (MEA) are anticipated to drastically boost spendings relating to technology in the coming years. A US-based market research enterprise, International Data Corporation (IDC), in a recent statement forecasts that administrations across MEA will witness a 400% boost in their collective investments […]
