A member of the US Fed’s board of governors has indicated that the establishment has adopted a more accommodating stance towards central bank digital currencies unlike in the past. Lael Brainard, who is the chair for numerous Fed committees, made this statement at a symposium hosted at the Stanford Graduate School of Business on the […]
Key Resistance Levels: $275, $300, $5 Key Support Levels: $200, $160, $120 BCH/USD Price Long-term Trend: Bullish Bitcoin Cash is still in an uptrend as the coin reaches a high of $450. BCH is retracing from the recent high after resistance. The $450 resistance level was the historical price level of May 2019. The bulls […]
• Bitcoin is set to print a new monthly high after breaking out of a week consolidation cycle. • Following the recent break, Bitcoin now relies on $9600 for the next major rally. In our previous crypto trading signals, we mentioned the next potential move for Bitcoin after locating support around $9100 yesterday. Now, this […]
GBPJPY Price Analysis – February 5 Buying sentiment around the British Pound increased slightly during the early European session on Wednesday, while the British Pound rose versus the Japanese Yen beyond the 143.00 level, or near the two-week highs in response to the upbeat UK macroeconomic data. Key Levels Resistance Levels: 148.66, 147.95, 144.60 Support […]
XAUUSD Price Analysis – February 5 Gains in stock markets put the gold price under control. Precious metals are declining for the second day in a row. Notwithstanding financial specialist anxieties about the effect of the Coronavirus, stocks clutched gains. The fall additionally came in the midst of the trading of the US dollar on […]
Key Resistance Zones: $10,000, $11,000, $12,000 Key Support Zones: $7, 000, $6, 000, $5,000 BTC/USD Long-term Trend: Ranging On February 4, Bitcoin survived the downward move as the coin rebounds after falling to the low of $9,100. For some time, the bulls and bears tussle with the price between the low of $9,200 and the […]
ConsenSys, a prominent blockchain-based company founded by the co-founder of Ethereum Joseph Lubin, has successfully acquired a US-based broker-dealer company, Heritage Financial Systems. Heritage, a broker-dealer listed with the US SEC was acquired by ConsenSys’ broker-dealer subsidiary, ConsenSys Digital Securities. The information was publicized by ConsenSys’ financial subsidiary Codefi on the 4th of February. New […]
Key Resistance Levels: $70, $80, $90 Key Support Levels: $50, $30, $10 LTC/USD Price Long-term Trend: Bullish Since February 1, the bulls have continued to bombard the resistance at $72. Unfortunately, the bulls have made two unsuccessful attempts but are unrelenting. A third attempt is also made at the resistance. A successful break at the […]
• Bitcoin remains under short-term bearish control but the bulls won’t give up • The sideways trend may resume if Bitcoin climbs well above $9200. After touching $9628 this week, Bitcoin saw a substantial price reduction with a slight break to around $9100 yesterday. This price area has provided a small rebound as Bitcoin climbs […]
