Key Resistance Levels: $0.30, $0.40, $0.45 Key Support Levels: $0.25, $0.20, $0.15 XRP/USD Long-term Trend: Bullish Today, XRP dropped to a low of $0.2049, and further decline is likely. On January 6, XRP had a price breakout and the price reached a high of $0.22. The bulls could not sustain the upward move as they […]
Key Resistance Zones: $10,000, $11,000, $12,000 Key Support Zones: $7, 000, $6, 000, $5,000 BTC/USD Long-term Trend: Bullish Interestingly, the bulls broke the resistance levels of $7,600 and $7,800. In the previous analysis, we had anticipated that Bitcoin may rise to a high of $9,200 if the overhead resistance was broken. The price action has […]
• Bitcoin’s price rejects at $8400 after a short-term bullish rally. • $7600 support may provide a rebound for Bitcoin if $7800 fails • Bitcoin loses +5.36% following last 24-hours selling The $8400 resistance has rejected short-term buyer but it appeared the bullish trend is still valid on the 4-hours chart as Bitcoin relies on […]
GBPJPY Price Analysis – January 8 GBPJPY drops to 141.12 level during the Asian session on Wednesday. However, during the American session, it recovered to 143.07 level. The pair stays in the background after the latest news showed that Iran fired several rockets at US targets in Baghdad, after which the FX pair recovered due […]
The Securities and Exchange Commission of the United States has proven that it is not slowing down any time soon on its mission to keep crypto-activities in check as its compliance department has included FinTech and digital assets as a top priority in 2020. This new development was announced via a press release from the […]
Key Resistance Zones: $10,000, $11,000, $12,000 Key Support Zones: $7, 000, $6, 000, $5,000 BTC/USD Long-term Trend: Bullish Bitcoin has risen above the $8,000 price level. As earlier anticipated in the previous analysis, the bulls have successfully broken the resistance at $7,600 and $7,800. The bears have succumbed to the bulls at the resistance levels. […]
XAUUSD Price Analysis – January 8 Gold has reduced some of its early strong gains and now seems to have stabilized beneath the $ 1,600 price levels. The yellow precious metal has added gains in its recent achievements and spiked to the highest level since March 2013 during the Asian session on Wednesday amid growing […]
• Bitcoin may completely reverse to $13000 if the six-month channel breaks. • A drop below $8000 would allow correction to $7800. • Bitcoin reached $8400 with a weekly gain of 15%. Bitcoin has now met a short-term resistance of $8400 after witnessing five days positive move. This resistance would determine whether the bullish will […]
Key Resistance Levels: $70, $80, $90 Key Support Levels: $50, $30, $10 LTC/USD Price Long-term Trend: Bullish There is no denying the fact that the bulls have broken above the $42 resistance level. The bullish move has been sustained as the market continues its bullish run. The market is currently facing little resistance at the […]
