The creator of the popular Bitcoin (BTC) stock-to-flow model, PlanB, has revealed that the benchmark cryptocurrency is gearing up for a bounce to the $100k mark. According to his analysis using the S2F crypto-asset model, a new bullish indicator has just emerged for Bitcoin, suggesting that this bull-market cycle will peak at $100k or higher. […]
Last week, the Canadian Dollar was the strongest due to several factors. With some short-term resistance broken, a rally like this is likely to continue shortly. The Swiss Franc finished as the second most valuable currency. Although the dollar was under pressure for the majority of the week, it made a significant comeback on Friday […]
Monero – Guide, Tips & Insights | Learn 2 Trade (XMR) Price Analysis: May 02 Should the bulls continue to increase their momentum, $449 resistance level will be penetrated, and Monero – Guide, Tips & Insights | Learn 2 Trade will increase towards $551 and $550 levels. Failure to break up the $449 level, it […]
XAGUSD Price Analysis – May 1 The XAGUSD pair attempted to break through the mid $26 in the prior week, as the price tanked cautiously while investors remained cautious and aware of the upbeat data that supported the USD. Durable Goods Orders increased by 0.5% in Mar., following a 0.9% decline in Feb, as per […]
Key Resistance Levels: 0.7000, 0.7200, 0.7400Key Support Levels: 0.6200, 0.6000, 0.5800 NZD/USD Price Long-term Trend: RangingNZD/USD pair has been in a sideways move since January 6. Buyers have not been able to break level 0.7300. The bulls have retested the resistance twice without breaking it. For the past three days, the kiwi is falling after […]
The cryptocurrency and blockchain industry continues to evolve as new crypto-based entrants, including utility tokens, security tokens, and privacy tokens, move the industry to higher levels of engagement and adoption. That said, Non-Fungible Tokens (NFTs) have gained massive attention over the recent months. In this short guide, we will look at what NFTs are and […]
Key HighlightsEthereum has rallied to $3,000 resistance zone, faces rejection at $2,950.50The biggest altcoin retraces on the downside Ethereum ETH) Current StatisticsThe current price: $2,916.43Market Capitalization: $337,471,356,737Trading Volume: $337,471,356,737Major supply zones: $2,000, $2,200, $2,400Major demand zones: $1,800, $51,600, $1,400 Ethereum (ETH) Price Analysis May 2, 2021 The biggest altcoin has broken above the $2,800 resistance […]
Coinbase, the largest cryptocurrency in the US, has announced that users can now buy digital assets on the platform via debit cards and bank accounts linked to PayPal and Venmo. However, this service only allows a limited amount of crypto purchases for now. Normally, ACH and wire transfers take a long while to process. However, […]
After much stronger than expected PCE inflation results, the dollar recovered early in the American session. But, at the moment, the Canadian dollar is slightly more resilient, as shown by GDP figures. The yen is also recovering, thanks to mild risk aversion and small yield declines in Germany and Japan. The European majors, on the […]
