According to Investopedia, Bitcoin is a cryptocurrency that acts following the ideas set out in a whitepaper by the pseudonymous Satoshi Nakamoto. This digital or virtual currency uses peer-to-peer technology to facilitate instant payments. Bitcoin is just like an online version of cash which can be used to purchase products and services. Although still novel, […]
BNBUSD Price Analysis – December 19 The ability to break up the resistance level of $31 will expose the price to $33 and $37 price levels. In case the support level of $31 is defended by the bears, the price may reverse and continue its bearish movement towards the support levels of $29, $26 and […]
Key HighlightsLINK faces rejection at level $14The altcoin is likely to rally above $16 Chainlink (LINK) Current StatisticsThe current price: 13.43Market Capitalization: $5,338,394,438Trading Volume: $1,323,123,041Major supply zones: $18.00, $20.00, $22.00Major demand zones: $8.00, $6.00, $4.00 Chainlink (LINK) Price Analysis December 18, 2020Following its rejection at the $16 overhead resistance, buyers have been making frantic efforts […]
Since its creation, Bitcoin (BTC) has gotten compared to gold (XAU) because of some similarities, like limited supply. Although Bitcoin has struggled to live up to that comparison in the past, it has done tremendously well to bridge the gap as corporate investors adopt the benchmark cryptocurrency. Meanwhile, many institutions have gone as far as […]
Key Resistance Zones: 27200, 27600, 28000Key Support Zones: 20800, 20400, 20000 Japan 225 (JP225USD) Long-term Trend: BullishJapan 225 has been on an upward move. The index is consolidating below the resistance at level 26900. Since December 1, the bulls have failed to break the resistance at level 26900. A possible breakout may occur if the […]
Key Resistance Zones: 3300, 3400, 3500Key Support Zones: 2800, 2700, 2600 Shanghai SE Composite Index (SHCOMP) Long-term Trend: RangingSHCOMP is in a downward move after testing level 3460. On December 11 downtrend; a retraced candle body tested the 50% Fibonacci retracement level. The retracement indicates that SHCOMP will fall to level 2.0 Fibonacci extensions. That […]
Key Resistance Levels: 111.000, 112.000, 113.000Key Support Levels: 104.000, 103.000, 102.000USD/JPY Price Long-term Trend: BearishThe USD/JPY pair has been in a downward move since June. On November 23, a retraced candle tested the 61.8% Fibonacci retracement level. The retracement indicates that the pair the Yen is likely to fall and reach level 1.618 Fibonacci extension level. […]
From the open on Sunday we had 2 possible scenarios on the NZDUSD. Both were long plays, with the first one being a retest of the bottom of the range at the 0.7060 level. This didn´t play out since the NU opened and rallied to the top of the range. The second scenario (as explained […]
Wall Street traded on a positive sentiment yesterday, as Nasdaq 100 (NDX) hit a new all-time high around 12760.97 amidst renewed stimulus optimism and the Fed’s dovish stance. The NDX rose by 83.90 points or +0.66%. Meanwhile, the S&P 500 (SPX) gained 0.18%, while the Dow Jones (DJIA) gained 0.45%. Risk appetite on Thursday got […]
