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Bitcoin Cash (BCH) Price Analysis: Consolidates Above $250 Support, May Retest the $280 Resistance

Key HighlightsBCH is range-bound between levels $250 and $280BCH trades in the bullish trend zone Bitcoin Cash (BCH) Current StatisticsThe current price: $258.44 Market Capitalization: $4,796,932,301Trading Volume: $2,372,198,185Major supply zones: $325, , $350,$375Major demand zones: $200, $175, $150 Bitcoin Cash (BCH) Price Analysis November 02, 2020In a nutshell, BCH is range bound between $250 and $280. […]

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EUR/GBP Is in a Downward Move, May Reverse at Level 0.8977

Key Resistance Levels: 0.9200, 0.9400, 0.9600Key Support Levels: 0.8800, 0.8600, 0.8400 EUR/GBP Price Long-term Trend: BearishEUR/GBP has been in a downward move since September 11. The selling pressure is reaching bearish exhaustion. On October 21 downtrend; a retraced candle body tested the 78.6% Fibonacci retracement level. This implies that the pound will fall and reverse […]

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US Presidential Election Looms With Anticipated Market Volatility

Global stocks have dropped markedly last week, in part as the spread of the coronavirus has reached new all-time highs. Equally important, American investors have eased their positions in preparation for the presidential election. The yen and dollar rose sharply and ended up being the strongest. The euro has been the worst performer since a […]

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GBPUSD Selling Bias Holds Lower Under the 1.3000 Level As UK Nationwide Lockdown Goes Into Force

GBPUSD Price Analysis – November 1 The GBPUSD pair posted a modest intraday advance in the prior session but selling bias holds lower under the 1.3000 level. Prime Minister Boris Johnson announced a UK nationwide lockdown on Saturday, also extending coronavirus wage subsidies. GBPUSD may trend lower at the weekly opening and lose the 1.2881 […]

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A Quick Intro to Distributed Ledger Technology (DLT)

Distributed ledger technology (DLT) is a digital structure used for documenting/recording transactions of assets across multiple locations simultaneously. DLT, unlike traditional databases, is decentralized and has no governing body or central storage unit. Instead, transactions are authorized and stored by nodes spread across the globe, after which a consensus on every item is verified. DLT […]

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Ethereum (ETH) Price Analysis: Ether Bulls Buy the Dips, Target $420 High

Key HighlightsEther consolidates between levels 375 and $394The upward move likely Ethereum (ETH) Current StatisticsThe current price: $389.05Market Capitalization: $44,059,391,006Trading Volume: $8,913,925,698Major supply zones: $280, $320, $360Major demand zones: $160, $140, $100 Ethereum (ETH) Price Analysis November 1, 2020Ethereum has continued its upward move after recovering above $380 support. On October 30, the biggest altcoin […]

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