Key Resistance Levels: $225, $250, $275 Key Support Levels: $150, $125, $100 ETH/USD Long-term Trend: Ranging Ethereum is still fluctuating between $100 and $140. Neither the bears nor the bulls have broken these key levels. Recently, the bulls bought at $120 price level. ETH made a positive move to break the $140 resistance level. Later […]
BitMEX states in its official blog post that on March 12 and 13 the exchange received numerous queries over the results of its insurance trust. It also defines what the insurance trust is, and why it is important. BitMEX declared, contrary to public opinion: This does not offset BitMEX operating expenses or add to BitMEX […]
EURUSD Price Analysis – March 23 Despite the opening bell in Europe at the moment, EURUSD has now come under some selling pressure after climbing to the 1.0770 regions earlier in the session and is dropping to the area beneath the 1.0700 level. The attitude of US politicians and Europe’s desperate condition with the prospect […]
USDWTI Price Analysis – March 23 West Texas Intermediate oil prices extend the downside which started in today’s trading session since Friday. Increasing open interest combined with volatile market activity favors extra losses, well on the cards in the short-term horizon with another visit to the $20.00 level neighborhood. Key Levels Resistance Levels: $33.60, $30.21, […]
• The price of Bitcoin remains trapped within a symmetrical triangle on a weekly chart. • Bitcoin is likely to resume bearish if the price drops below the daily low – $5677 Last week, the cryptocurrency market saw a significant volume, which made Bitcoin recover about 20% (from $4500) to reach a high of $6929. […]
Key Resistance Zones: $10,000, $11,000, $12,000 Key Support Zones: $7, 000, $6, 000, $5,000 BTC/USD Long-term Trend: Bearish Bitcoin crashes below $6,000 as the bulls were unable to sustain the upward move. The price is unstable below and above the $6,000 price level. However, since the upward move is interrupted, the coin will revert to […]
Some analysts believe that both Bitcoin and Gold have fallen as investors sell them to make ends meet for quick money. The U.S. treasuries were kept for not being able to be liquidated so quickly. Equating the two categories of assets isn’t easy. Bitcoin and gold are trustless. Its success relies solely on forces of […]
Key Resistance Zones: 28500, 29000, 29500 Key Support Zones: 26000, 25500, 25000 US Wall Street 30 (US30USD) Long-term Trends: Bearish US Wall Street 30 index is likely to continue downward move as the market shows no signs of consolidation. Today, the market has fallen to a low of 19027. At this low, the index has […]
GBPUSD Price Analysis – March 22 The GBPUSD pair exited in the green on Friday but had come from a fresh multi-decade low of 1.1409 level. The pair plunged for a second consecutive week, as the response to the coronavirus outbreak from the UK government came too late. The greenback stays high on the market […]
