Key Resistance Zones: $10,000, $11,000, $12,000 Key Support Zones: $7, 000, $6, 000, $5,000 BTC/USD Long-term Trend: Bullish In the last 24 hours, Bitcoin has been struggling to penetrate the resistance at $8,800. In the previous days, the bulls overwhelmed the bears as more resistances were broken. The coin is now in a sideways move […]
• Bitcoin remains bullish but the rally is stalled at $8800 resistance. • A heavy drop could occur if BTC breaks the wedge on the 4H chart. • Decreasing volume on the 30-M chart indicates short selling for Bitcoin. After our previous crypto trading signals, Bitcoin’s price shifted a bit upward to $8800 before closing […]
USDCHF Price Analysis – January 14 At the time of composing, the FX pair was trading at 0.9683 level, dropping 0.25% per day after discovering support around 0.9670 level. The USDCHF pair recovered its daily losses and was last seen trading at 0.9683 level, where it remained virtually unchanged during the day. Key Levels Resistance […]
S & P 500 Price Analysis – January 14 On Tuesday, the S & P 500 reached a new all-time high, helped by a decision of the US government to eliminate China’s label as a currency manipulator. The S & P 500 is presently trading at 3,284 in the American session, dropping to a price […]
Key Resistance Levels: $0.09, $0.10, $0.11 Key Support Levels: $0.06, $0.05,$0.04 XLM/USD Long-term Trend: Ranging Today, Stellar is making a positive move to come out of the oversold region. On December 17, the coin fell to the low $0.042 but has risen to a high of $0.050. The price movement had been rather slow because […]
The Supreme Court of India has decided to postpone the full hearing of a case against the Reserve Bank of India’s embargo on financial institutions’ transactions with cryptocurrency-based entities. Kashif Raza, co-founder of Indian news house Crypto Kanoon, explained in ant interview on the 14th of January what was at stake in the case and […]
Key Resistance Zones: $10,000, $11,000, $12,000 Key Support Zones: $7, 000, $6, 000, $5,000 BTC/USD Long-term Trend: Bullish Today, the bulls have succeeded in breaking the first resistance at $8,200. It is likely to break the second resistance at $8,400. During the first bullish impulse, the bulls were resisted at $8,400. This caused Bitcoin to […]
• Bitcoin is breaking out of a long bearish zone – the six-month channel boundary. • $7600-$8000 support provides a rebound for Bitcoin. • A retracement move is likely if the price drops below $8500 After finding support at $7600 last week, Bitcoin has further mounted key support at $8000 -which now fuels the current […]
Key Resistance Zones: $60, $70, $80 Key Support Zones: $40, $30, $20 XMR/USD Long-term Trend: Bullish On January 3, Monero was in an upward move. The bulls broke the downtrend line and reached a high of $60. The coin failed to penetrate the resistance at $60. Consequently, XMR was compelled to a sideways move below […]
