Key Resistance Levels: $275, $300, $325 Key Support Levels: $200, $160, $120 BCH/USD Price Long-term Trend: Ranging In the last four days, Bitcoin Cash has continued to make an impressive move. In the other previous move, the coin was unable to penetrate the first resistance at $227. It is likely that the bulls are going […]
Ethereum has been trimming loss since the market recovers from a low of $131 to $159 in late November. Currently, ETH has become weak for past days and its price has now dropped to $148. However, we can expect the second-largest cryptocurrency to correct gains as soon as the buyers turn back active in the […]
Bitcoin cash has seen a substantial increase over the last 24-hours Bitcoin the mid-year bearish bias has remained dominant for the 4th largest cryptocurrency by market cap. If we can see a strong upward progression, BCH may reach $219 in no time. But looking smartphone the long bearish formation, the price may slip below $200. […]
A board of elite financial regulators in the US has administered a warning to the general public on the inherent dangers of Stablecoins and cryptocurrencies. On the 4th of December, the Financial Stability Oversight Council pointed out in its warning, possible troubles that could arise if Stablecoins gain acceptance. The FSOC was established in 2008, […]
Trading cryptocurrency, especially Bitcoin could be highly volatile as market sentiments, price actions and fundamentals would be important things to consider before making a trading decision. More so, doing diligent research on a choice of a coin to trade is very vital for both the beginner and professional traders to achieve high probability result in […]
AUDUSD Price Analysis – December 5 AUDUSD has continued to lose ground during the middle of the European session and is currently near its lower daily range, around the 0.6830-25 levels. While increasing the risk of reversal, its weak momentum and reversing the trend from the overbought zone, adds to the negative signals. Key Levels […]
Key Resistance Levels: $70, $60, $50 Key Support Levels: $50, $40, $30 LTC/USD Price Long-term Trend: Ranging Recently, Litecoin is in a bearish market as it fell to a low of $42 and resumed consolidation above it. In retrospect, LTC broke the downtrend line and rally above $60. The uptrend was short-lived as the price […]
The dollar tumbled down when President Trump announced that the trade deal may have to wait till November 2020 when the US elections will hold. Weeks ago, the President had earlier announced that he and China are in “the final throes” of an agreement in the trade talks which had pushed up demand for the […]
Yesterday, Bitcoin’s saw a sudden price increase to $7900 (Bitfinex) after trading as low as $7100. The sudden surge in volatility was due to a significant volume in the market which recorded about +10% gains within an hour. After opening at $7200 today, Bitcoin is now trading back around $7300 zones. Currently, BTC dominance has […]
