Key Resistance levels: $12, $14, $16 Key Support Levels: $6, $4, $2 NEO/USD Price Long-term Trend: Bearish NEO is presently falling as a result of its inability to hold above the $12 resistance level. The bulls made attempt twice at the $12 resistance but were repelled. The price drops to the low of $8.90 and […]
Suspicious activities have been observed in one of the addresses involved in the recent hack involving Upbit, which saw the perpetrators move about $50 million in Ethereum tokens to an unidentified wallet. Whale Alert, a statistical analysis website focused on tracking huge cryptocurrency transactions, alerted that a 10,000 Ethereum token (about $1.5 million) transaction was […]
The trade war which had been between two top economies in the world, US and China had lasted for 17 months in which both countries slapped tariffs on their respective goods and this had raised several concerns of a global recession. In a recent twist of events, it seems there are new additions apart from […]
Ethereum has seen a substantial loss of about -6% over the past five days of trading, making the token to trade at $148 at the moment. Meanwhile, the market is still very much on a six-month downward range. ETH is likely to remain bearish for the rest of the year if the buyers fail to […]
A data scientist at India’s Vellore Institute of Technology has developed a new technique for forecasting cryptocurrency prices in real-time through the use of a Long Short-Term Memory neural system. According to a news publication on the 2nd of December, Abinhav Sagar explained the process involved in using machine learning technology to forecast price movement […]
EURUSD Price Analysis – December 2 Based on the early price action and the current price on the level at 1.1026, the direction of the EURUSD exchange rate for the rest of Monday’s session is likely to be determined by the trader’s reaction to the downward trend scenario. Trading 21 pips lower after the open, […]
Safe-haven currency, Japanese yen always resorted to in times of political and economic uncertainties touched down while AUD and NZD took a reversal trend as market focus shifts to Chinese PMI numbers. Against a basket of currencies, the JPY ranged at a lower price. The JPY, when paired with the USD, had a slight rebound […]
Key Resistance levels: $0.09, $0.10, $0.11 Key Support Levels: $0.06, $0.05,$0.04 XLM/USD Long-term Trend: Ranging On November 22, XLM fell to a low of $0.053 and commenced a sideways move. The downtrend was as a result of an unsuccessful attempt to break the $0.080 overhead resistance by the bulls. Today, XLM is still fluctuating above […]
The last 7 days of price actions have made Bitcoin stay above $7000 for the month of November. Starting the new month on a short opening could be a bit send a negative sentiment in the market if Bitcoin fails back roll back to November low. However, there’s hope for a bullish continuation if buying […]
