Creator of popular Bitcoin price analysis model stock-to-flow (S2F), Plan B, has just updated his notorious chart with a dot to represent the recent market performance. Plan B noted earlier today that “we knew bitcoin would not go up in a straight line” and added that the market action is “starting to look like 2013.” […]
The Canadian dollar surges, and according to figures released on Tuesday, the Canadian economy grew at a rate of 5.6 percent in the first quarter, slightly below expectations. The data does not impact the National Bank of Canada’s forecast for strong growth in the second half of 2021, according to economists. Because of the reintroduction […]
Key HighlightsLitecoin is in a downward correctionLitecoin has a target price of $239 Litcoin ( LTC) Current StatisticsThe current price: $184.07Market Capitalization: $15,489,921,660Trading Volume: $3,075,108,252Major supply zones: $200, $220, $240Major demand zones: $100, $80, $60 Litecoin (LTC) Price Analysis June 1, 2021Following the bearish impulse on May 23, the altcoin fell to $118 low as […]
New reports show that Ethereum users and enthusiasts have deposited a significant amount of ether to the “ETH2 deposit contract.” At press time, total deposits into the contract are at 5,210,370 ETH. In monetary terms, these deposits, which began six months and three weeks ago, have brought the amount locked in the Beacon Chain contract […]
USDCHF Price Analysis – June 1 Throughout the mid-European session, the USDCHF pair oscillated between mild gains and slight losses, remaining near the crucial psychological level of 0.9000. The safe-haven Swiss franc was weakened by the pervasive risk-on mood, as seen by a continuous advance in global equity markets. Key LevelsResistance Levels: 0.9129, 0.9080, 0.9045Support […]
ADA Price Analysis – June 01 Increase in the bulls’ momentum will increase the price to the resistance level of $1.87, the bullish momentum may extend to the resistance level of $2.08 and $2.30 levels. If the bears break down the support level at $1.64, the price may decrease to $1.46 and $1.31 levels. ADA/USD […]
Key Support: 1.42 – 1.4165 Key Resistance: 1.4380 The GBPUSD’s upside has been capped to the upside by the 1.42 level since mid May creating a flat triangle in the process. it has now come back into the range below 1.42 on big USD buying from the lows but the setup remains valid above the […]
Key Resistance Levels: 78.00, 80.00, 82.00Key Support Levels: 58.00, 60.00, 62.00 AUD/JPY Price Long-term Trend: BullishAUD/JPY currency pair has been trading below the resistance at level 85.20. Since February 24, the currency pair has been in a sideways move. All the price movements above the resistance pull back each time the market faces resistance. Today, […]
Key Resistance Levels: 1.4200, 1.4400, 1.4600Key Support Levels: 1.3400, 1.3200, 1.3000 GBP/USD Price Long-term Trend: BullishGBP/USD pair is in an uptrend. The current uptrend has broken the resistance at level 1.4241. The Pound will reach level 1.4400 if the bullish momentum is sustained. Meanwhile, in the uptrend of May 10, a retraced candle body tested […]
