Key Resistance Levels: $60, $62, $64Key Support Levels: $40,$38,$36 Polka dot (DOT) Price Long-term Trend: BearishPolkadot’s (DOT) price has resumed selling pressure as bears broke the previous low at level $13.09. The altcoin has fallen to level $12.26 but may reach the low of $9. The market is showing signs of reversal of the current […]
BNBUSD Price Analysis – July 16 When the bulls gain more pressure to push the daily candle above the $311 resistance level, the price may soar to $364, penetrate it, and test the $420 resistance level. Should there be a breakdown of the support level of $254, then $196 and $147 support level may be […]
The long-awaited Alonzo testnet (termed Alonzo White) went through on the Cardano (ADA) network on Wednesday. IOHK, Cardano’s host company, announced via Twitter yesterday. The announcement noted that: “We’ll monitor the new network closely over the next 24 hours while continuing to do further QA work on the node tonight. We’ll then review any feedback/results […]
There was a report by the Reserve Bank of New Zealand that stated that it has effectively reduced its 100 billion New Zealand Dollar Covid-19 stimulus bond purchase program with immediate effect. This report made the New Zealand Dollar, (affectionately known as the Kiwi Dollar), increase in value. It is believed that this will eventually […]
GBPUSD Price Analysis – July 16 GBPUSD has created an inverted cup and handle pattern and the market is set to fall. After a sluggish start this year, bulls came alive and infused momentum into the market. The market, therefore, began an upsurge on the 5th of February 2021, springing up from the 1.36600 support. […]
EUR/JPY has reached a strong support zone, so it could turn to the upside soon. The pair tries to escape from a minor down channel, a valid breakout could indicate a potential strong growth. The Japanese stock index has rebounded, that’s why the Yen has lost ground versus its rivals. The BOJ maintained its monetary […]
A POSITION TRADING STRATEGY FOR CRYPTOSAs it has been said before, the best way to make money from viable cryptos is to buy and hold them forever, since investments that are worthwhile are also investments that appear in your will. Apart from a ‘buy and hold’ method of investing, there are other ways to make […]
Key Resistance Levels: $1,900, $1,950, $2000Key Support Levels: $1,750, $1, 700,$1,650 Gold (XAUUSD) Long-term Trend: BullishXAUUSD upward move is facing rejection at the $1,834.19 high. On June 18, the XAUUSD fell to the $1,764 support. Gold price retested the support before the upward move. Gold is facing rejection because the market has reached the overbought […]
As Binance comes under regulatory pressure, the cryptocurrency industry took a plunge on Thursday as regulation concerns across the world intensified. At press time, Bitcoin and Ethereum are both down by 4%, as the entire market bleeds. Earlier today, Italian market watchdog Consob stated that Binance, the world’s largest cryptocurrency exchange by spot trading volume, […]
