Charles Hoskinson, the founder of Cardano (ADA), recently announced that the company is witnessing “overwhelming demand” despite it still being in the second phase of its Goguen upgrade. Hoskinson noted that Cardano does not have the programmability facility at the moment, nor the smart contracts needed to meet the demand, but that didn’t stop companies […]
The mixed jobs report is gaining traction. The ILO’s employment report showed that unemployment fell unexpectedly to 5% in the three months to January, down from 5.1% in December and below the 5.2% expected. The unemployment rate has improved despite new isolation conditions in the UK earlier in the year. However, many sectors outside of […]
Key Resistance Zones: 33000, 33500, 34000Key Support Zones: 26000, 25500, 25000 US Wall Street 30 (US30USD) Long-term Trend: BullishThe index is in an uptrend. On March 18, it rose to level 33200 but was resisted. US30USD fell to level 32517 and resumed a range-bound movement. Meanwhile, on March 19 a retraced candle body tested the […]
ADA Price Analysis – March 23 In case the buyers gain more momentum and the daily candle close above $1.23 level, ADA/USD may increase to $1.46 which may later test $1.46 level. In case the buyers were unable to penetrate the $1.23 level, then, price may decrease towards the support level at $1.11, $0.98 and […]
Key Resistance: 1740 – 1745 Key Support: 1720 – 1700 Gold has been trading in a pullback structure since the beginning of March with the highs being at the previous week´s highs around the 1755 level. Now price has printed 2 new lower lows but still making higher highs. This means price is contracting inside […]
On-chain analytics provider, Glassnode, has reported that addresses holding 0.1 to 1 Bitcoin (BTC)—which it fondly calls “Sat Stackers’’—have seen a significant spike since March 2020’s cryptocurrency market crash. However, the firm also warned that its on-chain metric shows that the bull market could be entering its late stages. Glassnode explained that Sat Stackers have […]
Key Resistance Levels: 1.0800, 1.0900, 1.1000Key Support Levels: 1.0600, 1.0500, 1.0400 EUR/CHF Price Long-term Trend: BullishEUR/CHF is in an uptrend. The pair has been in a downward move but has found support above level 1.100. On February 26, a retraced candle body tested the 61.8% Fibonacci retracement level. The retracement on February 26 indicates that […]
USDCHF Price Analysis – March 23 The USDCHF pair found new buyers at the start of Wednesday’s European session with renewed strength to trade past 0.9300 level. The momentum indicators are painting an optimistic picture for the pair in the near term. US stocks turn firmer as the recent fears of high inflation in the […]
Key HighlightsThe altcoin has fallen to the oversold regionLitecoin has a target price of $181.10 low Litecoin (LTC) Current StatisticsThe current price: $185.37Market Capitalization: $15,582,279,560Trading Volume: $3,265,407,631Major supply zones: $200, $220, $240Major demand zones: $100, $80, $60 Litecoin (LTC) Price Analysis March 23, 2021Litecoin has been in a downward move after its rejection from $230 […]
