Key Resistance Zones: $10,000, $11,000, $12,000 Key Support Zones: $7, 000, $6, 000, $5,000 BTC/USD Long-term Trend: Bearish Since April 1, Bitcoin has been fluctuating between $6,000 and $7,000. Today, BTC reached a high of $6,917.90 but the bulls fail to break the resistance level. Consequently, BTC is on a downward move. Its initial fall […]
In a tweet on Wednesday, Changpeng Zhao (CZ) CEO of Binance revealed that the Bitcoin mining pool is getting unveiled in Q2. The report is only weeks out from the third halving event of Bitcoin. Reports began circulating of another prospective Binance project over the last few days when CoinMarketCap.com was recently acquired. This development by Binance […]
Key Resistance Zones: 23200, 23600, 24000 Key Support Zones: 20800, 20400, 20000 Japan 225 (JP225USD) Long-term Trend: Bearish JP225USD upward move has been hampered because of the resistance at 20000. The index is falling back to the 16000 low. The upward may resume if the index falls to the low of either 16000 or 17000. […]
Key Resistance Zones: 3100, 3200, 3300 Key Support Zones: 2700, 2600, 2500 Shanghai SE Composite Index (SHCOMP) Long-term Trend: Ranging Presently, the index is fluctuating between levels of 2800 and 3100. SHCOMP is consolidating more at the lower price range. On March 23, the lower price range was broken and the market reached the low […]
• The bullish trend remains valid but Bitcoin needs to close well above $7000 to start a fresh rally • Bitcoin is forming a bullish setup in an hourly channel • Bitcoin is holding weekly support at $5880 After making a false breakout yesterday, Bitcoin’s price dropped and continued to hold strongly around a […]
EURJPY Price Analysis – April 3 The FX cross extends its lower fall into the European session early underneath the price level at 117.08 as the pair resumed lower. EURJPY acceleration downside remains intact, as sellers tend to force down prices. The pair’s potential target will be on the 116.00 marks. Key Levels Resistance Levels: […]
XAUUSD Price Analysis – April 3 Gold trades beyond $1,600 level with modest losses close to three-day high, presently losing 0.07 percent following fresh limitations, before moving for Friday’s European session. The latest threats to the yellow metal are probably due to the aftermath of the coronavirus (COVID-19). Key Levels Resistance Levels: $1,703, $1,663, $1,623 […]
Key Resistance Zones: $10,000, $11,000, $12,000 Key Support Zones: $7, 000, $6, 000, $5,000 BTC/USD Long-term Trend: Bearish On March 2, there was a price spike as Bitcoin reached a high of $7,283.50. The bulls could not sustain the upward move as Bitcoin fell to $6,828. The bears are defending intensively the $7,000 overhead resistance. […]
American citizens have indeed lost their jobs owing to the coronavirus epidemic as per a Federal Reserve report, the worst of the impact has still to begin. Last week, greater than 6.65 million people in the United States applied for unemployment claims, the latest official statistics that illustrate the massive economic effect of the COVID-19 […]
