Resistance Level: 7500, 7600, 7700Support Level: 7300, 7200, 7100 FTSE 100 (UKX) Long-term Trend: BullishSince January, UKX’s upward move has been facing rejection at level 6800. On three occasions, the index was rejected and it fell to level 6500. Today, the market is still fluctuating above the 21-day SMA to retest level 6800 resistance. An […]
Tesla’s plan to begin accepting Bitcoin (BTC) as payments for its vehicles is now live. The CEO of the company, Elon Musk, broke the news via Twitter on Wednesday. The Bitcoin payment option has gotten added to the company’s website, along with a section explaining how to make cryptocurrency payments. Musk noted that “Bitcoin paid […]
Key Support: 6660 Key Resistance: 6733 – 6760 The FTSE has been in an up move for the past 3 weeks rallying 5.40% from low to highs. From the highs of last week it has fallen -2.46% from high to low rejecting several times the 6660 level in the process. This down move has been […]
Key Resistance: 3940 Key Support: 3900 – 3870 The SP500 has been in a bearish structure from last week printing lower highs and lower lows. This price move comes after a +7.10% move since the last 3 weeks. We can see the SP500 is now capped to the upside by the 3940 level which confluences […]
STELLAR Price Analysis – March 24 The bulls’ ability to break up the resistance level of $0.42 will push up the price towards $0.50, and $0.57 may be tested. On the other hand, the breakdown of the support level at $0.33 will push down the price to $0.22 and $0.16 levels. However, the relative strength […]
Jeremy Hogan, a partner at Hogan & Hogan law firm, recently noted that new comments from a magistrate judge in the United States District Court for the Southern District of New York were in favor of Ripple Labs in its ongoing case with the US Securities and Exchange Commission (SEC). According to a transcript of […]
S&P 500 Price Analysis – March 24 The S&P 500 trades past the 3,900 level and presently up at 0.18% during the early European session on Wednesday. US 10-year Treasury yield declines to new low printing three basis points (bps) of intraday loss to 1.60% during the session. Key LevelsResistance Levels: 4,100, 4,000, 3950Support Levels: […]
Key Resistance Levels: 1.4200, 1.4400, 1.4600Key Support Levels: 1.3400, 1.3200, 1.3000 USD/CAD Price Long-term Trend: BearishUSD/CAD pair is presently making an upward move. The price has broken above the 21-day SMA. If it breaks the 50-day SMA and the bullish momentum is sustained, the uptrend will continue. The selling pressure will resume if price fails […]
Key HighlightsEthereum bulls break lower price range of $1,750The biggest altcoin is likely to reverse at level $1,615 Ethereum ETH) Current StatisticsThe current price: $1,679.74Market Capitalization: $193,519,854,025Trading Volume: $20,772,054,180Major supply zones: $2,000, $2,200, $2,400Major demand zones: $1,800, $51,600, $1,400 Ethereum (ETH) Price Analysis March 24, 2021 Ethereum bulls have broken the $1,750 support as ETH […]
